Tyler Technologies, Inc. (NYSE:TYL) Shares Sold by Mn Services Vermogensbeheer B.V.

Mn Services Vermogensbeheer B.V. trimmed its position in Tyler Technologies, Inc. (NYSE:TYL) by 2.4% in the third quarter, Holdings Channel.com reports. The fund owned 16,200 shares of the technology company’s stock after selling 400 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Tyler Technologies were worth $9,456,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the company. QRG Capital Management Inc. boosted its holdings in Tyler Technologies by 21.1% in the third quarter. QRG Capital Management Inc. now owns 940 shares of the technology company’s stock worth $549,000 after purchasing an additional 164 shares during the period. Robeco Institutional Asset Management B.V. lifted its position in shares of Tyler Technologies by 626.3% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 42,450 shares of the technology company’s stock worth $24,779,000 after buying an additional 36,605 shares during the last quarter. Americana Partners LLC bought a new position in shares of Tyler Technologies in the 3rd quarter worth about $385,000. Conestoga Capital Advisors LLC boosted its holdings in shares of Tyler Technologies by 0.8% in the 3rd quarter. Conestoga Capital Advisors LLC now owns 88,031 shares of the technology company’s stock valued at $51,385,000 after buying an additional 690 shares during the period. Finally, Stephens Inc. AR grew its position in shares of Tyler Technologies by 1.5% during the 3rd quarter. Stephens Inc. AR now owns 3,196 shares of the technology company’s stock valued at $1,866,000 after buying an additional 47 shares during the last quarter. 93.30% of the stock is owned by institutional investors and hedge funds.

Tyler Technologies Stock Up 0.9 %

Tyler Technologies stock opened at $606.23 on Wednesday. Tyler Technologies, Inc. has a 52 week low of $397.80 and a 52 week high of $631.43. The stock has a market cap of $25.95 billion, a price-to-earnings ratio of 110.63, a PEG ratio of 5.44 and a beta of 0.77. The company’s 50-day moving average price is $589.23 and its two-hundred day moving average price is $538.17. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.18.

Tyler Technologies (NYSE:TYL) last posted its quarterly earnings data on Wednesday, October 23rd. The technology company reported $2.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.43 by $0.09. Tyler Technologies had a net margin of 11.39% and a return on equity of 9.79%. The business had revenue of $543.34 million during the quarter, compared to analysts’ expectations of $547.34 million. During the same period last year, the firm posted $1.66 earnings per share. The business’s revenue was up 9.8% on a year-over-year basis. On average, analysts expect that Tyler Technologies, Inc. will post 7.39 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Robert W. Baird raised their target price on shares of Tyler Technologies from $625.00 to $700.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. Oppenheimer boosted their price objective on Tyler Technologies from $625.00 to $700.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. Needham & Company LLC increased their target price on Tyler Technologies from $600.00 to $700.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. BTIG Research raised their target price on Tyler Technologies from $550.00 to $630.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Finally, Evercore ISI upgraded shares of Tyler Technologies to a “hold” rating in a research report on Friday, July 26th. Three equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, Tyler Technologies presently has a consensus rating of “Moderate Buy” and an average price target of $642.62.

Insider Activity

In other news, insider John S. Marr, Jr. sold 5,000 shares of the company’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $578.94, for a total value of $2,894,700.00. Following the completion of the sale, the insider now owns 6,983 shares in the company, valued at $4,042,738.02. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. In other Tyler Technologies news, insider John S. Marr, Jr. sold 5,000 shares of the business’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $578.94, for a total value of $2,894,700.00. Following the sale, the insider now directly owns 6,983 shares in the company, valued at approximately $4,042,738.02. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Brian K. Miller sold 2,500 shares of the company’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $586.97, for a total transaction of $1,467,425.00. Following the completion of the sale, the chief financial officer now directly owns 11,950 shares of the company’s stock, valued at $7,014,291.50. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 20,850 shares of company stock worth $12,151,735. 1.50% of the stock is owned by company insiders.

About Tyler Technologies

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.