Robeco Institutional Asset Management B.V. Sells 5,007 Shares of Tyler Technologies, Inc. (NYSE:TYL)

Robeco Institutional Asset Management B.V. decreased its stake in Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 8.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 55,123 shares of the technology company's stock after selling 5,007 shares during the period. Robeco Institutional Asset Management B.V. owned about 0.13% of Tyler Technologies worth $32,048,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in TYL. Vanguard Group Inc. increased its position in Tyler Technologies by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 5,310,401 shares of the technology company's stock valued at $3,062,190,000 after acquiring an additional 62,420 shares during the period. Geode Capital Management LLC increased its position in Tyler Technologies by 2.5% in the 4th quarter. Geode Capital Management LLC now owns 1,136,734 shares of the technology company's stock valued at $654,406,000 after acquiring an additional 27,826 shares during the period. Franklin Resources Inc. increased its position in Tyler Technologies by 7.9% in the 4th quarter. Franklin Resources Inc. now owns 984,615 shares of the technology company's stock valued at $567,768,000 after acquiring an additional 71,869 shares during the period. Massachusetts Financial Services Co. MA increased its position in Tyler Technologies by 3.9% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 939,373 shares of the technology company's stock valued at $541,680,000 after acquiring an additional 35,198 shares during the period. Finally, Norges Bank acquired a new position in Tyler Technologies in the 4th quarter valued at approximately $528,465,000. Institutional investors own 93.30% of the company's stock.

Insider Buying and Selling at Tyler Technologies

In other Tyler Technologies news, CEO H Lynn Moore, Jr. sold 5,250 shares of the firm's stock in a transaction on Tuesday, June 10th. The shares were sold at an average price of $585.18, for a total value 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 approximately $47,853,094.50. This trade represents a 6.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider John S. Marr, Jr. sold 5,000 shares of the firm's stock in a transaction on Friday, May 9th. The shares were sold at an average price of $558.86, for a total transaction of $2,794,300.00. Following the completion of the transaction, the insider now directly owns 6,983 shares in the company, valued at $3,902,519.38. This trade represents a 41.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 26,500 shares of company stock valued at $15,177,230. Corporate insiders own 1.10% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. DA Davidson decreased their price target on shares of Tyler Technologies from $595.00 to $570.00 and set a "neutral" rating for the company in a research report on Friday, April 25th. Needham & Company LLC reiterated a "buy" rating and set a $750.00 price objective on shares of Tyler Technologies in a research report on Tuesday, May 13th. Barclays decreased their price objective on shares of Tyler Technologies from $700.00 to $695.00 and set an "overweight" rating for the company in a research report on Friday, April 25th. Piper Sandler decreased their price objective on shares of Tyler Technologies from $747.00 to $708.00 and set an "overweight" rating for the company in a research report on Friday, April 25th. Finally, Wells Fargo & Company decreased their price objective on shares of Tyler Technologies from $640.00 to $610.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 22nd. Five investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, Tyler Technologies currently has an average rating of "Moderate Buy" and a consensus price target of $680.50.

Tyler Technologies Trading Up 0.7%

NYSE:TYL opened at $581.50 on Friday. The stock has a market capitalization of $25.07 billion, a price-to-earnings ratio of 87.58, a PEG ratio of 4.51 and a beta of 0.84. The firm has a fifty day simple moving average of $567.18 and a two-hundred day simple moving average of $581.62. Tyler Technologies, Inc. has a 12 month low of $495.21 and a 12 month high of $661.31.

Tyler Technologies (NYSE:TYL - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The technology company reported $2.78 EPS for the quarter, topping analysts' consensus estimates of $2.56 by $0.22. The business had revenue of $562.43 million during the quarter, compared to analysts' expectations of $556.45 million. Tyler Technologies had a net margin of 13.23% and a return on equity of 10.29%. The business's quarterly revenue was up 10.3% on a year-over-year basis. During the same period last year, the company posted $2.20 earnings per share. Equities analysts predict that Tyler Technologies, Inc. will post 8.52 earnings per share for the current fiscal year.

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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