Teachers Advisors LLC Sells 749 Shares of Tyler Technologies, Inc. (TYL)

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Teachers Advisors LLC cut its stake in Tyler Technologies, Inc. (NYSE:TYL) by 1.7% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 42,587 shares of the technology company’s stock after selling 749 shares during the quarter. Teachers Advisors LLC owned about 0.11% of Tyler Technologies worth $10,436,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of TYL. Securian Asset Management Inc raised its position in shares of Tyler Technologies by 5.4% during the 3rd quarter. Securian Asset Management Inc now owns 4,733 shares of the technology company’s stock worth $1,160,000 after acquiring an additional 242 shares in the last quarter. Blue Sky Asset Management LLC boosted its stake in shares of Tyler Technologies by 34.0% in the third quarter. Blue Sky Asset Management LLC now owns 1,045 shares of the technology company’s stock valued at $256,000 after buying an additional 265 shares in the last quarter. D.A. Davidson & CO. boosted its position in Tyler Technologies by 16.0% during the third quarter. D.A. Davidson & CO. now owns 2,075 shares of the technology company’s stock worth $508,000 after purchasing an additional 286 shares in the last quarter. Aperio Group LLC boosted its position in Tyler Technologies by 2.6% during the third quarter. Aperio Group LLC now owns 13,975 shares of the technology company’s stock worth $3,425,000 after purchasing an additional 348 shares in the last quarter. Finally, Janney Montgomery Scott LLC boosted its position in Tyler Technologies by 17.0% during the third quarter. Janney Montgomery Scott LLC now owns 2,870 shares of the technology company’s stock worth $703,000 after purchasing an additional 416 shares in the last quarter. 98.53% of the stock is owned by institutional investors and hedge funds.

A number of equities analysts have recently weighed in on the company. ValuEngine raised Tyler Technologies from a “hold” rating to a “buy” rating in a report on Friday. DA Davidson raised Tyler Technologies from a “neutral” rating to a “buy” rating in a report on Friday, December 21st. Zacks Investment Research raised Tyler Technologies from a “sell” rating to a “hold” rating in a report 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 dropped their target price 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 equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $233.36.

Tyler Technologies stock traded up $0.84 during trading on Monday, hitting $209.04. The company’s stock had a trading volume of 430 shares, compared to its average volume of 228,337. The firm has a market capitalization of $8.08 billion, a P/E ratio of 65.69, a PEG ratio of 4.58 and a beta of 0.81. Tyler Technologies, Inc. has a 1-year low of $173.26 and a 1-year high of $252.47.

In related news, Director Dustin R. Womble sold 20,000 shares of the company’s 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 completion of the transaction, the director now directly owns 198,122 shares in the company, valued at $37,773,940.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Dustin R. Womble sold 7,500 shares of the company’s stock in a transaction on Friday, December 14th. The shares were sold at an average price of $186.26, for a total value of $1,396,950.00. Following the completion of the transaction, the director now owns 185,622 shares of the company’s stock, valued at $34,573,953.72. The disclosure for this sale can be found here. Corporate insiders own 4.70% of the company’s stock.

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

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