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

Robeco Institutional Asset Management B.V. raised its position in shares of Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 626.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 42,450 shares of the technology company's stock after acquiring an additional 36,605 shares during the period. Robeco Institutional Asset Management B.V. owned approximately 0.10% of Tyler Technologies worth $24,779,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of TYL. Independence Bank of Kentucky purchased a new stake in Tyler Technologies during the second quarter valued at $25,000. Covestor Ltd raised its position in shares of Tyler Technologies by 153.6% during the 1st quarter. Covestor Ltd now owns 71 shares of the technology company's stock valued at $30,000 after buying an additional 43 shares in the last quarter. Blue Trust Inc. lifted its holdings in shares of Tyler Technologies by 329.4% in the 2nd quarter. Blue Trust Inc. now owns 73 shares of the technology company's stock valued at $37,000 after acquiring an additional 56 shares during the last quarter. Lynx Investment Advisory purchased a new position in Tyler Technologies in the second quarter worth about $38,000. Finally, Larson Financial Group LLC increased its stake in Tyler Technologies by 675.0% during the first quarter. Larson Financial Group LLC now owns 93 shares of the technology company's stock worth $40,000 after acquiring an additional 81 shares during the last quarter. 93.30% of the stock is currently owned by institutional investors.

Tyler Technologies Stock Down 0.5 %

Shares of TYL traded down $3.15 during midday trading on Wednesday, reaching $603.20. 351,796 shares of the stock were exchanged, compared to its average volume of 228,710. The company has a market capitalization of $25.82 billion, a P/E ratio of 110.07, a PEG ratio of 5.42 and a beta of 0.77. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.18. Tyler Technologies, Inc. has a 52 week low of $397.80 and a 52 week high of $631.43. The company's 50 day moving average is $589.67 and its two-hundred day moving average is $538.62.

Tyler Technologies (NYSE:TYL - Get Free Report) last posted its earnings results on Wednesday, October 23rd. The technology company reported $2.52 EPS for the quarter, beating analysts' consensus estimates of $2.43 by $0.09. Tyler Technologies had a net margin of 11.39% and a return on equity of 9.79%. The business had revenue of $543.34 million for the quarter, compared to the consensus estimate of $547.34 million. During the same quarter last year, the firm posted $1.66 EPS. The company's revenue for the quarter was up 9.8% on a year-over-year basis. On average, sell-side analysts anticipate that Tyler Technologies, Inc. will post 7.39 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. BTIG Research lifted their target price on Tyler Technologies from $550.00 to $630.00 and gave the stock a "buy" rating in a report on Friday, July 26th. StockNews.com cut shares of Tyler Technologies from a "buy" rating to a "hold" rating in a research report on Monday. Evercore ISI upgraded shares of Tyler Technologies to a "hold" rating in a report on Friday, July 26th. Oppenheimer upped their price target on shares of Tyler Technologies from $625.00 to $700.00 and gave the company an "outperform" rating in a report on Friday, October 25th. Finally, The Goldman Sachs Group reissued a "buy" rating and issued a $627.00 price objective on shares of Tyler Technologies in a research note on Friday, September 13th. Three investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. According to MarketBeat.com, Tyler Technologies presently has a consensus rating of "Moderate Buy" and a consensus target price of $642.62.

Insiders Place Their Bets

In other news, CEO H Lynn Moore, Jr. sold 5,000 shares of Tyler Technologies stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $576.62, for a total value of $2,883,100.00. Following the transaction, the chief executive officer now directly owns 75,000 shares in the company, valued at approximately $43,246,500. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, CEO H Lynn Moore, Jr. sold 5,000 shares of the firm's stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $576.62, for a total value of $2,883,100.00. Following the sale, the chief executive officer now directly owns 75,000 shares in the company, valued at approximately $43,246,500. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Glenn A. Carter sold 3,350 shares of Tyler Technologies stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $582.57, for a total transaction of $1,951,609.50. Following the completion of the transaction, the director now directly owns 2,654 shares in the company, valued at approximately $1,546,140.78. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 20,850 shares of company stock worth $12,151,735 over the last 90 days. Company insiders own 1.50% of the company's stock.

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.