Tyler Technologies, Inc. (TYL) Holdings Trimmed by State Treasurer State of Michigan

State Treasurer State of Michigan decreased its position in shares of Tyler Technologies, Inc. (NYSE:TYL) by 3.1% in the fourth quarter, HoldingsChannel.com reports. The firm owned 12,600 shares of the technology company’s stock after selling 400 shares during the quarter. State Treasurer State of Michigan’s holdings in Tyler Technologies were worth $2,231,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Cubist Systematic Strategies LLC acquired a new stake in shares of Tyler Technologies during the third quarter worth about $444,000. Parametric Portfolio Associates LLC lifted its holdings in shares of Tyler Technologies by 6.4% during the third quarter. Parametric Portfolio Associates LLC now owns 76,513 shares of the technology company’s stock worth $13,338,000 after purchasing an additional 4,600 shares during the period. Atlantic Trust Group LLC acquired a new stake in shares of Tyler Technologies during the third quarter worth about $76,095,000. Bank of Nova Scotia acquired a new stake in shares of Tyler Technologies during the second quarter worth about $1,163,000. Finally, Granite Investment Partners LLC lifted its holdings in shares of Tyler Technologies by 7.2% during the third quarter. Granite Investment Partners LLC now owns 26,621 shares of the technology company’s stock worth $4,641,000 after purchasing an additional 1,794 shares during the period. 92.38% of the stock is owned by hedge funds and other institutional investors.

In other Tyler Technologies news, Director Larry D. Leinweber sold 64,612 shares of the business’s stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $180.85, for a total value of $11,685,080.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Dustin R. Womble sold 8,100 shares of the business’s stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $172.15, for a total value of $1,394,415.00. The disclosure for this sale can be found here. Insiders sold 284,707 shares of company stock valued at $51,517,784 over the last three months. 10.30% of the stock is currently owned by corporate insiders.

A number of equities research analysts recently commented on the company. Piper Jaffray Companies reaffirmed an “overweight” rating and set a $220.00 target price on shares of Tyler Technologies in a report on Tuesday, January 16th. Zacks Investment Research downgraded Tyler Technologies from a “hold” rating to a “sell” rating in a report on Wednesday, December 27th. B. Riley downgraded Tyler Technologies from a “buy” rating to a “neutral” rating and set a $184.00 target price for the company. in a report on Friday, October 27th. Maxim Group set a $197.00 target price on Tyler Technologies and gave the stock a “buy” rating in a report on Thursday, October 26th. Finally, Needham & Company LLC reaffirmed a “buy” rating on shares of Tyler Technologies in a report on Tuesday, October 24th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $197.00.

Tyler Technologies, Inc. (TYL) opened at $193.00 on Monday. Tyler Technologies, Inc. has a twelve month low of $151.37 and a twelve month high of $204.62. The stock has a market capitalization of $7,250.62, a P/E ratio of 56.60 and a beta of 1.00.

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Tyler Technologies Profile

Tyler Technologies, Inc is a provider of information management solutions and services for the public sector, with a focus on local governments. The Company operates through two segments: Enterprise Software (ES) segment and The Appraisal and Tax (A&T) segment. ES segment provides municipal and county governments and schools with software systems and services for information technology and automation needs that includes back-office functions, such as financial management, courts and justice processes, public safety, planning regulatory and maintenance, and land and vital records management.

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Institutional Ownership by Quarter for Tyler Technologies (NYSE:TYL)

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