Robeco Institutional Asset Management B.V. Cuts Stake in Tyler Technologies, Inc. (NYSE:TYL)

Robeco Institutional Asset Management B.V. decreased its stake in Tyler Technologies, Inc. (NYSE:TYL) by 95.3% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 178 shares of the technology company’s stock after selling 3,605 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Tyler Technologies were worth $74,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Morgan Stanley grew its position in Tyler Technologies by 21.1% in the third quarter. Morgan Stanley now owns 1,015,713 shares of the technology company’s stock valued at $392,208,000 after acquiring an additional 177,242 shares in the last quarter. Van ECK Associates Corp grew its holdings in Tyler Technologies by 13.1% during the 4th quarter. Van ECK Associates Corp now owns 868,016 shares of the technology company’s stock valued at $362,935,000 after purchasing an additional 100,788 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in Tyler Technologies by 46.7% during the 3rd quarter. Envestnet Asset Management Inc. now owns 171,356 shares of the technology company’s stock worth $66,167,000 after buying an additional 54,560 shares during the period. Invesco Ltd. lifted its holdings in Tyler Technologies by 6.5% in the 3rd quarter. Invesco Ltd. now owns 860,928 shares of the technology company’s stock worth $332,439,000 after buying an additional 52,798 shares in the last quarter. Finally, International Assets Investment Management LLC boosted its position in Tyler Technologies by 41,712.0% in the 4th quarter. International Assets Investment Management LLC now owns 52,265 shares of the technology company’s stock valued at $21,853,000 after buying an additional 52,140 shares during the last quarter. Institutional investors and hedge funds own 93.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. BTIG Research boosted their price target on Tyler Technologies from $515.00 to $550.00 and gave the stock a “buy” rating in a research note on Wednesday. Oppenheimer increased their target price on Tyler Technologies from $500.00 to $550.00 and gave the company an “outperform” rating in a research note on Wednesday. Needham & Company LLC lifted their price target on shares of Tyler Technologies from $500.00 to $600.00 and gave the stock a “buy” rating in a research note on Tuesday, May 21st. Truist Financial reiterated a “buy” rating and set a $560.00 price objective (up from $510.00) on shares of Tyler Technologies in a research note on Thursday. Finally, Loop Capital boosted their target price on shares of Tyler Technologies from $485.00 to $530.00 and gave the stock a “buy” rating in a research report on Tuesday, May 21st. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, Tyler Technologies presently has a consensus rating of “Moderate Buy” and an average target price of $519.09.

Tyler Technologies Trading Up 0.2 %

Tyler Technologies stock opened at $492.05 on Friday. The company has a market cap of $20.89 billion, a P/E ratio of 111.32, a PEG ratio of 4.59 and a beta of 0.76. Tyler Technologies, Inc. has a 1 year low of $361.16 and a 1 year high of $500.49. The firm’s 50-day moving average is $443.38 and its 200-day moving average is $429.19. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.94 and a current ratio of 0.94.

Tyler Technologies (NYSE:TYL) last posted its earnings results on Wednesday, April 24th. The technology company reported $1.74 EPS for the quarter, beating the consensus estimate of $1.48 by $0.26. The company had revenue of $512.36 million during the quarter, compared to analyst estimates of $507.79 million. Tyler Technologies had a return on equity of 9.35% and a net margin of 9.50%. On average, equities analysts expect that Tyler Technologies, Inc. will post 7.14 earnings per share for the current year.

Insider Activity

In other Tyler Technologies news, CFO Brian K. Miller sold 5,000 shares of the business’s stock in a transaction dated 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 directly owns 14,610 shares of the company’s stock, valued at approximately $6,472,083.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, CFO Brian K. Miller sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $442.99, for a total value of $2,214,950.00. Following the sale, the chief financial officer now directly owns 14,610 shares in the company, valued at approximately $6,472,083.90. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Brian K. Miller sold 2,500 shares of the business’s stock in a transaction on Friday, March 8th. The stock was sold at an average price of $421.27, for a total value of $1,053,175.00. Following the transaction, the chief financial officer now owns 16,160 shares of the company’s stock, valued at approximately $6,807,723.20. The disclosure for this sale can be found here. Over the last quarter, insiders sold 46,049 shares of company stock valued at $20,727,935. 2.20% of the stock is currently owned by company insiders.

Tyler Technologies 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.