Tyler Technologies, Inc. $TYL Shares Sold by ABN Amro Investment Solutions

ABN Amro Investment Solutions trimmed its holdings in shares of Tyler Technologies, Inc. (NYSE:TYL) by 99.8% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 396 shares of the technology company’s stock after selling 199,604 shares during the period. ABN Amro Investment Solutions’ holdings in Tyler Technologies were worth $207,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of TYL. DLD Asset Management LP bought a new stake in shares of Tyler Technologies during the 2nd quarter worth $5,780,190,000. Norges Bank purchased a new stake in shares of Tyler Technologies during the second quarter valued at $712,276,000. Principal Financial Group Inc. boosted its position in shares of Tyler Technologies by 11.4% in the 3rd quarter. Principal Financial Group Inc. now owns 1,410,640 shares of the technology company’s stock valued at $738,010,000 after purchasing an additional 144,612 shares during the period. Vanguard Group Inc. increased its stake in Tyler Technologies by 2.0% in the 2nd quarter. Vanguard Group Inc. now owns 5,570,120 shares of the technology company’s stock worth $3,302,190,000 after purchasing an additional 110,957 shares in the last quarter. Finally, State Street Corp increased its stake in Tyler Technologies by 4.5% in the 2nd quarter. State Street Corp now owns 1,913,672 shares of the technology company’s stock worth $1,134,501,000 after purchasing an additional 81,679 shares in the last quarter. Institutional investors own 93.30% of the company’s stock.

Tyler Technologies Trading Up 5.8%

TYL opened at $303.74 on Tuesday. The stock has a fifty day moving average price of $420.08 and a 200 day moving average price of $483.60. Tyler Technologies, Inc. has a 1 year low of $283.71 and a 1 year high of $650.97. The stock has a market cap of $13.07 billion, a price-to-earnings ratio of 42.19, a PEG ratio of 2.00 and a beta of 0.91.

Tyler Technologies (NYSE:TYL) last issued its earnings results on Wednesday, February 11th. The technology company reported $2.64 earnings per share for the quarter, missing the consensus estimate of $2.71 by ($0.07). The firm had revenue of $575.18 million during the quarter, compared to analyst estimates of $591.09 million. Tyler Technologies had a return on equity of 10.42% and a net margin of 13.53%.The business’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same period in the previous year, the company earned $2.43 earnings per share. As a group, sell-side analysts forecast that Tyler Technologies, Inc. will post 8.52 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CFO Brian K. Miller sold 1,000 shares of Tyler Technologies stock in a transaction on Monday, December 15th. The shares were sold at an average price of $448.51, for a total value of $448,510.00. Following the completion of the sale, the chief financial officer owned 17,148 shares of the company’s stock, valued at approximately $7,691,049.48. The trade was a 5.51% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Glenn A. Carter sold 500 shares of the stock in a transaction on Friday, December 12th. The stock was sold at an average price of $458.73, for a total transaction of $229,365.00. Following the transaction, the director directly owned 3,172 shares in the company, valued at $1,455,091.56. The trade was a 13.62% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 3,500 shares of company stock valued at $1,605,605 over the last quarter. Corporate insiders own 1.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on TYL shares. Piper Sandler reaffirmed an “overweight” rating and set a $543.00 price objective (down from $671.00) on shares of Tyler Technologies in a research note on Friday. Wells Fargo & Company reduced their price target on shares of Tyler Technologies from $420.00 to $335.00 and set an “equal weight” rating for the company in a research report on Friday. Evercore reiterated a “positive” rating on shares of Tyler Technologies in a research report on Friday, October 31st. Needham & Company LLC reissued a “buy” rating and set a $750.00 target price on shares of Tyler Technologies in a research note on Tuesday, February 3rd. Finally, Barclays decreased their target price on Tyler Technologies from $715.00 to $410.00 and set an “overweight” rating for the company in a research report on Friday. Twelve research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, Tyler Technologies presently has a consensus rating of “Moderate Buy” and a consensus target price of $467.54.

Tyler Technologies Profile

Tyler Technologies, Inc is a provider of software and technology services for the public sector, delivering integrated systems that help government and public agencies manage operations, finances and citizen services. Headquartered in Plano, Texas, the company focuses on developing and implementing solutions for local and state governments, school districts, courts and public safety organizations. Its offerings are aimed at modernizing administrative workflows, improving transparency and enabling digital interactions between governments and the communities they serve.

Tyler’s product portfolio spans enterprise resource planning and financial management, tax and billing systems, court case and records management, public safety solutions (including computer-aided dispatch and records management), land and property management, permitting and licensing, and enterprise asset management.