Mn Services Vermogensbeheer B.V. Boosts Stock Holdings in Tyler Technologies, Inc. (NYSE:TYL)

Mn Services Vermogensbeheer B.V. increased its stake in Tyler Technologies, Inc. (NYSE:TYL) by 1.9% during the 4th quarter, HoldingsChannel reports. The firm owned 16,500 shares of the technology company’s stock after buying an additional 300 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Tyler Technologies were worth $9,515,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Oregon Public Employees Retirement Fund boosted its stake in shares of Tyler Technologies by 0.5% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 3,668 shares of the technology company’s stock worth $2,115,000 after acquiring an additional 20 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its holdings in Tyler Technologies by 18.4% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 135 shares of the technology company’s stock valued at $78,000 after acquiring an additional 21 shares during the last quarter. Baron Wealth Management LLC increased its holdings in Tyler Technologies by 1.5% in the 4th quarter. Baron Wealth Management LLC now owns 1,487 shares of the technology company’s stock valued at $857,000 after acquiring an additional 22 shares during the last quarter. Choreo LLC increased its holdings in Tyler Technologies by 3.9% in the 4th quarter. Choreo LLC now owns 647 shares of the technology company’s stock valued at $374,000 after acquiring an additional 24 shares during the last quarter. Finally, Argonautica Private Wealth Management Inc. increased its holdings in Tyler Technologies by 2.2% in the 4th quarter. Argonautica Private Wealth Management Inc. now owns 1,123 shares of the technology company’s stock valued at $648,000 after acquiring an additional 24 shares during the last quarter. Hedge funds and other institutional investors own 93.30% of the company’s stock.

Insider Activity

In related news, CFO Brian K. Miller sold 6,752 shares of the stock in a transaction on Friday, December 13th. The shares were sold at an average price of $613.75, for a total transaction of $4,144,040.00. Following the sale, the chief financial officer now directly owns 11,918 shares of the company’s stock, valued at approximately $7,314,672.50. This represents a 36.16 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider John S. Marr, Jr. sold 6,000 shares of the stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $633.55, for a total transaction of $3,801,300.00. Following the transaction, the insider now directly owns 6,983 shares in the company, valued at approximately $4,424,079.65. The trade was a 46.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 21,766 shares of company stock valued at $13,548,346 in the last ninety days. Insiders own 2.20% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on TYL shares. Needham & Company LLC restated a “buy” rating and issued a $700.00 target price on shares of Tyler Technologies in a report on Tuesday, January 21st. Piper Sandler boosted their price objective on shares of Tyler Technologies from $701.00 to $747.00 and gave the company an “overweight” rating in a research report on Friday, February 14th. Barclays boosted their price objective on shares of Tyler Technologies from $705.00 to $715.00 and gave the company an “overweight” rating in a research report on Friday, February 14th. DA Davidson restated a “neutral” rating and issued a $575.00 price target on shares of Tyler Technologies in a report on Thursday, January 30th. Finally, Truist Financial restated a “buy” rating and issued a $775.00 price target (up previously from $685.00) on shares of Tyler Technologies in a report on Friday, February 14th. Four analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, Tyler Technologies presently has an average rating of “Moderate Buy” and a consensus target price of $676.25.

Tyler Technologies Trading Up 0.4 %

Shares of Tyler Technologies stock opened at $607.66 on Friday. The company has a current ratio of 1.35, a quick ratio of 1.21 and a debt-to-equity ratio of 0.18. Tyler Technologies, Inc. has a 12-month low of $397.80 and a 12-month high of $661.31. The firm has a market capitalization of $26.14 billion, a price-to-earnings ratio of 100.27, a PEG ratio of 4.93 and a beta of 0.78. The firm’s 50 day simple moving average is $598.40 and its two-hundred day simple moving average is $597.41.

Tyler Technologies (NYSE:TYL) last released its quarterly earnings data on Wednesday, February 12th. The technology company reported $1.87 EPS for the quarter, missing the consensus estimate of $2.44 by ($0.57). Tyler Technologies had a net margin of 12.30% and a return on equity of 10.15%. Analysts predict that Tyler Technologies, Inc. will post 8.52 EPS for the current year.

Tyler Technologies Company Profile

Tyler Technologies, Inc provides integrated information management solutions and services for the public sector. It operates in two segments, Enterprise Software and Platform Technologies. The company offers platform and transformative technology solutions, including cybersecurity for government agencies; data and insights solutions; digital solutions that helps workers and policymakers to share, communicate, and leverage data; payments solutions, such as billing, presentment, merchant onboarding, collections, reconciliation, and disbursements; platform technologies, an application development platform that enables government workers to build solutions and applications; and outdoor recreation solutions, including campsite reservations, activity registrations, licensing sales and renewals, and real-time data for conservation and park management.