Mn Services Vermogensbeheer B.V. Has $9.55 Million Stock Position in Tyler Technologies, Inc. $TYL

Key Points

• Mn Services Vermogensbeheer B.V. increased its stake in Tyler Technologies by 5.2%, owning a total of 16,100 shares worth approximately $9.55 million at the end of the second quarter.
• Tyler Technologies reported $2.91 earnings per share for the last quarter, beating expectations, though revenue fell slightly short at $584.01 million.
• Equities analysts have set an average price target of $688.27 for Tyler Technologies, with a majority rating the stock as a "Moderate Buy".

Mn Services Vermogensbeheer B.V. grew its position in shares of Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 5.2% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 16,100 shares of the technology company's stock after acquiring an additional 800 shares during the quarter. Mn Services Vermogensbeheer B.V.'s holdings in Tyler Technologies were worth $9,545,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. HighPoint Advisor Group LLC raised its stake in shares of Tyler Technologies by 10.9% during the 1st quarter. HighPoint Advisor Group LLC now owns 711 shares of the technology company's stock worth $380,000 after purchasing an additional 70 shares in the last quarter. Exchange Traded Concepts LLC raised its stake in shares of Tyler Technologies by 12.6% during the 1st quarter. Exchange Traded Concepts LLC now owns 501 shares of the technology company's stock worth $291,000 after purchasing an additional 56 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its stake in shares of Tyler Technologies by 0.6% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 5,133 shares of the technology company's stock worth $2,984,000 after purchasing an additional 31 shares in the last quarter. CX Institutional bought a new stake in shares of Tyler Technologies during the 1st quarter worth approximately $176,000. Finally, Kestra Private Wealth Services LLC bought a new stake in shares of Tyler Technologies during the 1st quarter worth approximately $358,000. Institutional investors and hedge funds own 93.30% of the company's stock.

Tyler Technologies Trading Up 0.9%

TYL opened at $535.02 on Friday. The stock has a market cap of $23.14 billion, a PE ratio of 76.43, a price-to-earnings-growth ratio of 4.07 and a beta of 0.89. The stock's fifty day simple moving average is $563.32 and its 200 day simple moving average is $567.54. Tyler Technologies, Inc. has a 1-year low of $513.52 and a 1-year high of $661.31.

Tyler Technologies (NYSE:TYL - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The technology company reported $2.91 earnings per share for the quarter, topping the consensus estimate of $2.78 by $0.13. The firm had revenue of $584.01 million for the quarter, compared to analysts' expectations of $587.59 million. Tyler Technologies had a return on equity of 10.34% and a net margin of 13.66%.The company's quarterly revenue was up 10.2% compared to the same quarter last year. During the same quarter last year, the business earned $2.40 EPS. Tyler Technologies has set its FY 2025 guidance at 11.200-11.500 EPS. Equities analysts forecast that Tyler Technologies, Inc. will post 8.52 earnings per share for the current year.

Insiders Place Their Bets

In other Tyler Technologies news, Director Glenn A. Carter sold 750 shares of the stock in a transaction on Monday, September 15th. The stock was sold at an average price of $538.30, for a total transaction of $403,725.00. Following the transaction, the director owned 3,172 shares in the company, valued at $1,707,487.60. This trade represents a 19.12% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider John S. Marr, Jr. sold 4,250 shares of the stock in a transaction on Thursday, August 28th. The stock was sold at an average price of $555.53, for a total value of $2,361,002.50. Following the transaction, the insider owned 6,983 shares in the company, valued at $3,879,265.99. The trade was a 37.83% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 19,500 shares of company stock worth $11,148,043 in the last 90 days. Company insiders own 1.10% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on TYL shares. Barclays upped their price objective on Tyler Technologies from $695.00 to $715.00 and gave the stock an "overweight" rating in a research note on Thursday, July 31st. Cantor Fitzgerald started coverage on Tyler Technologies in a research note on Tuesday, June 3rd. They set a "neutral" rating and a $600.00 price objective on the stock. Finally, DA Davidson set a $585.00 price objective on Tyler Technologies and gave the stock a "neutral" rating in a research note on Tuesday, August 5th. Eight research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $688.27.

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.

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