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

Mn Services Vermogensbeheer B.V. decreased its holdings in shares of Tyler Technologies, Inc. (NYSE:TYL) by 2.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 16,600 shares of the technology company’s stock after selling 400 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in Tyler Technologies were worth $8,346,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TYL. Kapitalo Investimentos Ltda purchased a new position in shares of Tyler Technologies during the 4th quarter worth approximately $26,000. Covestor Ltd grew its stake in shares of Tyler Technologies by 153.6% in the first quarter. Covestor Ltd now owns 71 shares of the technology company’s stock valued at $30,000 after buying an additional 43 shares in the last quarter. Blue Trust Inc. grew its stake in shares of Tyler Technologies by 329.4% in the second quarter. Blue Trust Inc. now owns 73 shares of the technology company’s stock valued at $37,000 after buying an additional 56 shares in the last quarter. Lynx Investment Advisory purchased a new stake in shares of Tyler Technologies in the 2nd quarter valued at $38,000. Finally, Headlands Technologies LLC acquired a new position in Tyler Technologies during the 4th quarter worth about $40,000. Hedge funds and other institutional investors own 93.30% of the company’s stock.

Tyler Technologies Trading Down 0.2 %

NYSE:TYL opened at $571.73 on Monday. Tyler Technologies, Inc. has a 1 year low of $361.16 and a 1 year high of $593.50. The stock has a market cap of $24.27 billion, a P/E ratio of 129.35, a P/E/G ratio of 5.40 and a beta of 0.76. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.06 and a current ratio of 1.06. The stock has a 50-day simple moving average of $536.52 and a 200-day simple moving average of $477.86.

Tyler Technologies (NYSE:TYL) last posted its earnings results on Wednesday, July 24th. The technology company reported $2.40 earnings per share for the quarter, topping the consensus estimate of $2.34 by $0.06. The firm had revenue of $540.98 million during the quarter, compared to analysts’ expectations of $541.01 million. Tyler Technologies had a return on equity of 9.66% and a net margin of 10.24%. The firm’s revenue was up 7.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.53 earnings per share. As a group, analysts anticipate that Tyler Technologies, Inc. will post 7.21 earnings per share for the current fiscal year.

Analyst Ratings Changes

TYL has been the subject of several research reports. DA Davidson lifted their target price on Tyler Technologies from $456.00 to $525.00 and gave the company a “neutral” rating in a research report on Friday, July 26th. Piper Sandler lifted their price objective on shares of Tyler Technologies from $529.00 to $625.00 and gave the company an “overweight” rating in a report on Friday, July 26th. JMP Securities increased their target price on shares of Tyler Technologies from $490.00 to $580.00 and gave the stock a “market outperform” rating in a report on Monday, July 22nd. BTIG Research raised their price target on shares of Tyler Technologies from $550.00 to $630.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Finally, The Goldman Sachs Group upped their price objective on Tyler Technologies from $515.00 to $627.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Four research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, Tyler Technologies presently has an average rating of “Moderate Buy” and an average target price of $582.31.

Insider Activity

In related news, CFO Brian K. Miller sold 800 shares of Tyler Technologies stock in a transaction on Tuesday, June 11th. The shares were sold at an average price of $479.28, for a total transaction of $383,424.00. Following the sale, the chief financial officer now directly owns 12,736 shares in the company, valued at approximately $6,104,110.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CFO Brian K. Miller sold 2,000 shares of the company’s stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $567.96, for a total value of $1,135,920.00. Following the completion of the sale, the chief financial officer now directly owns 11,950 shares of the company’s stock, valued at approximately $6,787,122. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Brian K. Miller sold 800 shares of the firm’s stock in a transaction that occurred on Tuesday, June 11th. The stock was sold at an average price of $479.28, for a total value of $383,424.00. Following the transaction, the chief financial officer now owns 12,736 shares in the company, valued at approximately $6,104,110.08. The disclosure for this sale can be found here. In the last quarter, insiders sold 20,325 shares of company stock worth $11,068,068. Corporate insiders own 2.20% of the company’s stock.

Tyler Technologies 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.