Teachers Advisors LLC lowered its holdings in Tyler Technologies, Inc. (NYSE:TYL) by 1.7% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 42,587 shares of the technology company’s stock after selling 749 shares during the period. Teachers Advisors LLC’s holdings in Tyler Technologies were worth $10,436,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also modified their holdings of TYL. Advisors Asset Management Inc. acquired a new stake in Tyler Technologies in the 2nd quarter valued at approximately $477,000. Bank of New York Mellon Corp boosted its stake in Tyler Technologies by 0.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 459,809 shares of the technology company’s stock valued at $102,123,000 after purchasing an additional 1,433 shares in the last quarter. First Hawaiian Bank bought a new position in Tyler Technologies during the 3rd quarter valued at $898,000. Louisiana State Employees Retirement System boosted its stake in Tyler Technologies by 10.4% during the 3rd quarter. Louisiana State Employees Retirement System now owns 10,600 shares of the technology company’s stock valued at $2,598,000 after purchasing an additional 1,000 shares in the last quarter. Finally, Aperio Group LLC boosted its stake in Tyler Technologies by 2.6% during the 3rd quarter. Aperio Group LLC now owns 13,975 shares of the technology company’s stock valued at $3,425,000 after purchasing an additional 348 shares in the last quarter. 98.53% of the stock is owned by hedge funds and other institutional investors.
In related news, Director Dustin R. Womble sold 7,500 shares of the stock in a transaction on Friday, December 14th. The stock was sold at an average price of $186.26, for a total transaction of $1,396,950.00. Following the completion of the sale, the director now directly owns 185,622 shares in the company, valued at $34,573,953.72. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Dustin R. Womble sold 20,000 shares of the stock in a transaction on Thursday, November 29th. The stock was sold at an average price of $190.66, for a total value of $3,813,200.00. Following the sale, the director now owns 198,122 shares of the company’s stock, valued at $37,773,940.52. The disclosure for this sale can be found here. 4.70% of the stock is currently owned by company insiders.
Shares of NYSE:TYL traded up $0.84 during midday trading on Monday, hitting $209.04. 430 shares of the stock were exchanged, compared to its average volume of 228,337. Tyler Technologies, Inc. has a 52-week low of $173.26 and a 52-week high of $252.47. The firm has a market cap of $8.08 billion, a price-to-earnings ratio of 65.69, a P/E/G ratio of 4.58 and a beta of 0.81.
A number of equities analysts have issued reports on the company. ValuEngine raised Tyler Technologies from a “hold” rating to a “buy” rating in a research note on Friday. DA Davidson raised Tyler Technologies from a “neutral” rating to a “buy” rating in a research note on Friday, December 21st. Zacks Investment Research raised Tyler Technologies from a “sell” rating to a “hold” rating in a research note on Friday, December 7th. TheStreet lowered Tyler Technologies from a “b” rating to a “c+” rating in a research note on Thursday, November 1st. Finally, Robert W. Baird reduced their price objective on Tyler Technologies from $260.00 to $250.00 and set an “outperform” rating for the company in a research note on Friday, November 2nd. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Tyler Technologies currently has an average rating of “Buy” and an average target price of $233.36.
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About Tyler Technologies
Tyler Technologies, Inc provides integrated information management solutions and services for the public sector in the United States and internationally. It operates through two segments, Enterprise Software, and Appraisal and Tax. The company's financial management solutions include modular fund accounting systems for government agencies or not-for-profit entities; and utility billing systems for the billing and collection of metered and non-metered services.
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