Mn Services Vermogensbeheer B.V. Has $8.90 Million Holdings in Tyler Technologies, Inc. (NYSE:TYL)

Mn Services Vermogensbeheer B.V. trimmed its position in Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 7.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,300 shares of the technology company's stock after selling 1,200 shares during the quarter. Mn Services Vermogensbeheer B.V.'s holdings in Tyler Technologies were worth $8,895,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently bought and sold shares of TYL. Integrated Wealth Concepts LLC lifted its position in shares of Tyler Technologies by 2.3% during the 4th quarter. Integrated Wealth Concepts LLC now owns 786 shares of the technology company's stock worth $453,000 after purchasing an additional 18 shares during the last quarter. AdvisorNet Financial Inc lifted its holdings in shares of Tyler Technologies by 7.0% during the first quarter. AdvisorNet Financial Inc now owns 291 shares of the technology company's stock worth $169,000 after buying an additional 19 shares during the last quarter. Oregon Public Employees Retirement Fund lifted its holdings in shares of Tyler Technologies by 0.5% during the fourth 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 during the last quarter. Kensington Investment Counsel LLC boosted its position in shares of Tyler Technologies by 0.8% in the fourth quarter. Kensington Investment Counsel LLC now owns 2,496 shares of the technology company's stock valued at $1,439,000 after acquiring an additional 20 shares during the period. Finally, Benjamin Edwards Inc. grew its stake in shares of Tyler Technologies by 1.5% in the fourth quarter. Benjamin Edwards Inc. now owns 1,526 shares of the technology company's stock worth $880,000 after acquiring an additional 22 shares during the last quarter. Institutional investors own 93.30% of the company's stock.

Insider Activity at Tyler Technologies

In other news, CEO H Lynn Moore, Jr. sold 5,250 shares of Tyler Technologies stock in a transaction on Tuesday, June 10th. The shares were sold at an average price of $585.18, for a total transaction of $3,072,195.00. Following the transaction, the chief executive officer now directly owns 81,775 shares of the company's stock, valued at $47,853,094.50. This trade represents a 6.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Brian K. Miller sold 1,044 shares of the firm's stock in a transaction on Thursday, June 12th. The stock was sold at an average price of $587.20, for a total value of $613,036.80. Following the sale, the chief financial officer now directly owns 14,972 shares in the company, valued at $8,791,558.40. The trade was a 6.52% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 25,300 shares of company stock worth $14,480,366. 1.10% of the stock is owned by insiders.

Tyler Technologies Trading Down 1.3%

Tyler Technologies stock traded down $7.82 during mid-day trading on Tuesday, hitting $581.32. The stock had a trading volume of 246,718 shares, compared to its average volume of 264,446. The stock has a market capitalization of $25.07 billion, a PE ratio of 95.93, a P/E/G ratio of 4.93 and a beta of 0.84. Tyler Technologies, Inc. has a 12 month low of $458.50 and a 12 month high of $661.31. 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 stock has a 50-day simple moving average of $565.56 and a two-hundred day simple moving average of $583.99.

Tyler Technologies (NYSE:TYL - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The technology company reported $2.78 earnings per share for the quarter, topping analysts' consensus estimates of $2.56 by $0.22. Tyler Technologies had a net margin of 12.30% and a return on equity of 10.15%. The business had revenue of $562.43 million during the quarter, compared to the consensus estimate of $556.45 million. During the same period in the previous year, the firm posted $2.20 earnings per share. Tyler Technologies's revenue for the quarter was up 10.3% compared to the same quarter last year. As a group, sell-side analysts forecast that Tyler Technologies, Inc. will post 8.52 EPS for the current year.

Analyst Ratings Changes

Several equities analysts recently commented on TYL shares. Wells Fargo & Company cut their target price on shares of Tyler Technologies from $640.00 to $610.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 22nd. Piper Sandler cut their price target on Tyler Technologies from $747.00 to $708.00 and set an "overweight" rating for the company in a report on Friday, April 25th. The Goldman Sachs Group raised their price objective on Tyler Technologies from $660.00 to $728.00 and gave the stock a "buy" rating in a research report on Tuesday, February 18th. Robert W. Baird lowered their price objective on Tyler Technologies from $785.00 to $700.00 and set an "outperform" rating on the stock in a research report on Friday, April 25th. Finally, Needham & Company LLC restated a "buy" rating and issued a $750.00 target price on shares of Tyler Technologies in a research note on Tuesday, May 13th. Five investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, Tyler Technologies currently has an average rating of "Moderate Buy" and an average target price of $680.50.

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.