Mn Services Vermogensbeheer B.V. Has $9.52 Million Position in Tyler Technologies, Inc. (NYSE:TYL)

Mn Services Vermogensbeheer B.V. grew its holdings in shares of Tyler Technologies, Inc. (NYSE:TYL) by 1.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 16,500 shares of the technology company’s stock after acquiring an additional 300 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Tyler Technologies were worth $9,515,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of TYL. New York Life Investment Management LLC boosted its position in shares of Tyler Technologies by 1.1% during the 4th quarter. New York Life Investment Management LLC now owns 5,715 shares of the technology company’s stock worth $3,295,000 after purchasing an additional 61 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its position in shares of Tyler Technologies by 0.5% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 3,668 shares of the technology company’s stock worth $2,115,000 after buying an additional 20 shares in the last quarter. Impact Investors Inc bought a new position in shares of Tyler Technologies during the 4th quarter worth approximately $378,000. Argonautica Private Wealth Management Inc. lifted its position in shares of Tyler Technologies by 2.2% during the 4th quarter. Argonautica Private Wealth Management Inc. now owns 1,123 shares of the technology company’s stock worth $648,000 after buying an additional 24 shares in the last quarter. Finally, Kirtland Hills Capital Management LLC lifted its position in shares of Tyler Technologies by 6.4% during the 4th quarter. Kirtland Hills Capital Management LLC now owns 1,684 shares of the technology company’s stock worth $971,000 after buying an additional 101 shares in the last quarter. 93.30% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Tyler Technologies news, CEO H Lynn Moore, Jr. sold 6,514 shares of the firm’s stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $617.59, for a total transaction of $4,022,981.26. Following the completion of the transaction, the chief executive officer now owns 75,734 shares of the company’s stock, valued at approximately $46,772,561.06. This trade represents a 7.92 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Brian K. Miller sold 6,752 shares of the firm’s stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $613.75, for a total transaction of $4,144,040.00. Following the transaction, the chief financial officer now directly owns 11,918 shares of the company’s stock, valued at $7,314,672.50. This represents a 36.16 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 21,766 shares of company stock valued at $13,548,346 over the last three months. Corporate insiders own 2.20% of the company’s stock.

Tyler Technologies Stock Performance

Tyler Technologies stock opened at $607.66 on Friday. The company has a current ratio of 1.35, a quick ratio of 1.21 and a debt-to-equity ratio of 0.18. The firm has a 50-day moving average of $598.40 and a 200-day moving average of $597.41. The firm has a market cap of $26.14 billion, a P/E ratio of 100.27, a P/E/G ratio of 4.93 and a beta of 0.78. Tyler Technologies, Inc. has a 1-year low of $397.80 and a 1-year high of $661.31.

Tyler Technologies (NYSE:TYL) last posted its earnings results on Wednesday, February 12th. The technology company reported $1.87 earnings per share for the quarter, missing analysts’ consensus estimates of $2.44 by ($0.57). Tyler Technologies had a return on equity of 10.15% and a net margin of 12.30%. Sell-side analysts expect that Tyler Technologies, Inc. will post 8.52 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. DA Davidson restated a “neutral” rating and set a $575.00 price target on shares of Tyler Technologies in a research note on Thursday, January 30th. Piper Sandler lifted their price objective on shares of Tyler Technologies from $701.00 to $747.00 and gave the company an “overweight” rating in a research note on Friday, February 14th. Needham & Company LLC restated a “buy” rating and set a $700.00 price target on shares of Tyler Technologies in a research report on Tuesday, January 21st. The Goldman Sachs Group lifted their price objective on shares of Tyler Technologies from $660.00 to $728.00 and gave the stock a “buy” rating in a report on Tuesday, February 18th. Finally, StockNews.com downgraded shares of Tyler Technologies from a “buy” rating to a “hold” rating in a report on Monday, February 24th. Four investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $676.25.

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.