TIAA CREF Investment Management LLC decreased its position in Tyler Technologies, Inc. (NYSE:TYL) by 26.4% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 105,783 shares of the technology company’s stock after selling 37,967 shares during the period. TIAA CREF Investment Management LLC owned about 0.28% of Tyler Technologies worth $18,583,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. JPMorgan Chase & Co. grew its holdings in Tyler Technologies by 40.2% in the second quarter. JPMorgan Chase & Co. now owns 1,027,797 shares of the technology company’s stock valued at $180,554,000 after purchasing an additional 294,817 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in Tyler Technologies by 42.2% in the first quarter. Goldman Sachs Group Inc. now owns 756,703 shares of the technology company’s stock valued at $116,957,000 after purchasing an additional 224,642 shares during the last quarter. Louisiana State Employees Retirement System grew its holdings in Tyler Technologies by 3.5% in the second quarter. Louisiana State Employees Retirement System now owns 8,800 shares of the technology company’s stock valued at $1,546,000 after purchasing an additional 300 shares during the last quarter. Morgan Stanley grew its holdings in Tyler Technologies by 24.5% in the first quarter. Morgan Stanley now owns 71,848 shares of the technology company’s stock valued at $11,105,000 after purchasing an additional 14,119 shares during the last quarter. Finally, Legal & General Group Plc grew its holdings in Tyler Technologies by 25.2% in the second quarter. Legal & General Group Plc now owns 26,654 shares of the technology company’s stock valued at $4,682,000 after purchasing an additional 5,361 shares during the last quarter. 90.51% of the stock is currently owned by institutional investors.

In related news, Director Donald R. Brattain sold 2,500 shares of Tyler Technologies stock in a transaction on Wednesday, August 9th. The stock was sold at an average price of $167.75, for a total value of $419,375.00. Following the transaction, the director now directly owns 15,220 shares in the company, valued at approximately $2,553,155. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Larry D. Leinweber sold 36,000 shares of Tyler Technologies stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $171.82, for a total value of $6,185,520.00. The disclosure for this sale can be found here. Insiders sold a total of 279,357 shares of company stock worth $47,777,389 over the last 90 days. Insiders own 10.30% of the company’s stock.

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Shares of Tyler Technologies, Inc. (NYSE:TYL) opened at 172.26 on Thursday. The stock has a market capitalization of $6.43 billion, a P/E ratio of 51.61 and a beta of 0.95. Tyler Technologies, Inc. has a 12 month low of $139.61 and a 12 month high of $182.49. The stock has a 50 day moving average price of $170.29 and a 200 day moving average price of $166.78.

Tyler Technologies (NYSE:TYL) last issued its quarterly earnings results on Wednesday, July 26th. The technology company reported $0.91 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.94 by ($0.03). Tyler Technologies had a net margin of 14.73% and a return on equity of 13.02%. The firm had revenue of $209.12 million for the quarter, compared to analyst estimates of $210.67 million. During the same quarter last year, the business posted $0.86 earnings per share. The firm’s revenue for the quarter was up 10.7% compared to the same quarter last year. On average, analysts anticipate that Tyler Technologies, Inc. will post $3.86 EPS for the current fiscal year.

TYL has been the topic of several research reports. Zacks Investment Research lowered Tyler Technologies from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 13th. Maxim Group set a $197.00 target price on Tyler Technologies and gave the company a “buy” rating in a report on Monday, July 17th. Piper Jaffray Companies reissued a “buy” rating and issued a $200.00 target price on shares of Tyler Technologies in a report on Sunday, August 27th. BidaskClub lowered Tyler Technologies from a “strong-buy” rating to a “buy” rating in a report on Monday, July 31st. Finally, Citigroup Inc. initiated coverage on Tyler Technologies in a report on Friday, September 22nd. They issued a “buy” rating and a $200.00 target price on the stock. One equities research analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $195.29.

Tyler Technologies Company 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.

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

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