APG Asset Management N.V. Sells 68,423 Shares of Tyler Technologies, Inc. $TYL

APG Asset Management N.V. reduced its position in Tyler Technologies, Inc. (NYSE:TYL) by 8.8% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 705,880 shares of the technology company’s stock after selling 68,423 shares during the period. Tyler Technologies comprises 0.7% of APG Asset Management N.V.’s holdings, making the stock its 19th largest position. APG Asset Management N.V. owned about 1.64% of Tyler Technologies worth $369,288,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. DLD Asset Management LP bought a new stake in Tyler Technologies in the 2nd quarter valued at $5,780,190,000. Norges Bank bought a new position in Tyler Technologies during the second quarter worth $712,276,000. Vanguard Group Inc. increased its holdings in shares of Tyler Technologies by 4.2% in the third quarter. Vanguard Group Inc. now owns 5,805,036 shares of the technology company’s stock valued at $3,036,963,000 after purchasing an additional 234,916 shares during the last quarter. Principal Financial Group Inc. raised its position in shares of Tyler Technologies by 11.4% in the third 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. Finally, State Street Corp raised its position in shares of Tyler Technologies by 4.5% in the second quarter. State Street Corp now owns 1,913,672 shares of the technology company’s stock valued at $1,134,501,000 after purchasing an additional 81,679 shares during the period. Institutional investors own 93.30% of the company’s stock.

Tyler Technologies Price Performance

Tyler Technologies stock opened at $354.86 on Friday. The stock’s fifty day moving average price is $397.48 and its two-hundred day moving average price is $467.64. Tyler Technologies, Inc. has a one year low of $283.71 and a one year high of $626.56. The firm has a market cap of $15.26 billion, a PE ratio of 49.29, a price-to-earnings-growth ratio of 2.37 and a beta of 0.91.

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

Insider Activity

In related news, Director Glenn A. Carter sold 500 shares of the stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $458.73, for a total transaction of $229,365.00. Following the sale, the director owned 3,172 shares in the company, valued at approximately $1,455,091.56. This trade represents a 13.62% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Abigail Marshall Diaz-Pedrosa acquired 610 shares of the stock in a transaction on Friday, February 20th. The shares were purchased at an average price of $325.08 per share, with a total value of $198,298.80. Following the completion of the transaction, the insider owned 1,123 shares of the company’s stock, valued at approximately $365,064.84. This represents a 118.91% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last ninety days, insiders have sold 2,500 shares of company stock valued at $1,136,525. Corporate insiders own 1.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on TYL shares. Barclays cut their price objective on shares of Tyler Technologies from $715.00 to $410.00 and set an “overweight” rating for the company in a research report on Friday, February 13th. Cantor Fitzgerald reiterated a “neutral” rating and set a $325.00 target price on shares of Tyler Technologies in a research note on Friday, February 13th. Needham & Company LLC restated a “buy” rating and issued a $750.00 price target on shares of Tyler Technologies in a research note on Tuesday, February 3rd. Oppenheimer decreased their price objective on Tyler Technologies from $510.00 to $450.00 and set an “outperform” rating on the stock in a report on Friday, February 13th. Finally, Stifel Nicolaus lowered their price objective on Tyler Technologies from $550.00 to $400.00 and set a “buy” rating on the stock in a research report on Friday, February 13th. Twelve equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, Tyler Technologies has an average rating of “Moderate Buy” and a consensus price target of $467.54.

About Tyler Technologies

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.