Mn Services Vermogensbeheer B.V. Has $8.03 Million Stock Position in Tyler Technologies, Inc. (NYSE:TYL)

Mn Services Vermogensbeheer B.V. lowered its position in Tyler Technologies, Inc. (NYSE:TYL) by 3.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 19,200 shares of the technology company’s stock after selling 700 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Tyler Technologies were worth $8,028,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Clear Street Markets LLC lifted its holdings in shares of Tyler Technologies by 95.2% in the 1st quarter. Clear Street Markets LLC now owns 82 shares of the technology company’s stock worth $29,000 after purchasing an additional 40 shares in the last quarter. International Assets Investment Management LLC acquired a new position in shares of Tyler Technologies during the third quarter valued at about $48,000. Cornerstone Planning Group LLC acquired a new position in shares of Tyler Technologies during the second quarter valued at about $49,000. Chilton Capital Management LLC bought a new stake in shares of Tyler Technologies during the fourth quarter worth about $52,000. Finally, Column Capital Advisors LLC raised its holdings in shares of Tyler Technologies by 50.5% in the 3rd quarter. Column Capital Advisors LLC now owns 146 shares of the technology company’s stock worth $56,000 after acquiring an additional 49 shares during the last quarter. Institutional investors and hedge funds own 93.30% of the company’s stock.

Tyler Technologies Price Performance

TYL opened at $400.68 on Tuesday. The company has a market capitalization of $17.00 billion, a price-to-earnings ratio of 103.00, a PEG ratio of 4.07 and a beta of 0.81. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.20. The firm has a 50-day moving average price of $426.13 and a 200-day moving average price of $413.55. Tyler Technologies, Inc. has a twelve month low of $361.16 and a twelve month high of $454.74.

Tyler Technologies (NYSE:TYL) last posted its earnings results on Wednesday, February 14th. The technology company reported $1.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.06. Tyler Technologies had a return on equity of 8.85% and a net margin of 8.50%. The firm had revenue of $480.94 million for the quarter, compared to the consensus estimate of $483.34 million. Equities analysts expect that Tyler Technologies, Inc. will post 6.77 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have commented on TYL. Needham & Company LLC boosted their price objective on Tyler Technologies from $475.00 to $500.00 and gave the stock a “buy” rating in a report on Thursday, February 15th. Piper Sandler upped their price target on Tyler Technologies from $480.00 to $520.00 and gave the stock an “overweight” rating in a report on Friday, February 16th. JMP Securities restated a “market outperform” rating and set a $490.00 price objective on shares of Tyler Technologies in a research note on Friday, February 16th. DA Davidson increased their target price on shares of Tyler Technologies from $412.00 to $434.00 and gave the company a “neutral” rating in a report on Thursday, February 22nd. Finally, JPMorgan Chase & Co. raised their price target on shares of Tyler Technologies from $500.00 to $526.00 and gave the company an “overweight” rating in a research report on Thursday, February 15th. Three analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, Tyler Technologies currently has an average rating of “Moderate Buy” and a consensus target price of $457.86.

Insider Activity

In related news, CFO Brian K. Miller sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $442.99, for a total transaction of $2,214,950.00. Following the completion of the transaction, the chief financial officer now owns 14,610 shares of the company’s stock, valued at $6,472,083.90. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, Director Glenn A. Carter sold 1,650 shares of the business’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $437.84, for a total transaction of $722,436.00. Following the completion of the transaction, the director now directly owns 2,011 shares in the company, valued at $880,496.24. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Brian K. Miller sold 5,000 shares of the firm’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $442.99, for a total value of $2,214,950.00. Following the completion of the sale, the chief financial officer now directly owns 14,610 shares in the company, valued at approximately $6,472,083.90. The disclosure for this sale can be found here. Insiders have sold a total of 50,608 shares of company stock worth $21,974,819 over the last ninety days. Company insiders own 1.50% of the company’s stock.

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.