APG Asset Management N.V. Sells 68,423 Shares of Tyler Technologies, Inc. $TYL

APG Asset Management N.V. lowered its stake in Tyler Technologies, Inc. (NYSE:TYL) by 8.8% in the third quarter, Holdings Channel reports. The fund owned 705,880 shares of the technology company’s stock after selling 68,423 shares during the quarter. Tyler Technologies accounts for approximately 0.7% of APG Asset Management N.V.’s investment portfolio, making the stock its 19th largest holding. APG Asset Management N.V.’s holdings in Tyler Technologies were worth $369,288,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. DLD Asset Management LP bought a new position in Tyler Technologies in the 2nd quarter valued at approximately $5,780,190,000. Vanguard Group Inc. grew its stake in shares of Tyler Technologies by 4.2% during the third quarter. Vanguard Group Inc. now owns 5,805,036 shares of the technology company’s stock worth $3,036,963,000 after buying an additional 234,916 shares during the last quarter. State Street Corp increased its holdings in shares of Tyler Technologies by 4.5% during the second quarter. State Street Corp now owns 1,913,672 shares of the technology company’s stock worth $1,134,501,000 after buying an additional 81,679 shares in the last quarter. Principal Financial Group Inc. lifted its stake in shares of Tyler Technologies by 11.4% in the 3rd quarter. Principal Financial Group Inc. now owns 1,410,640 shares of the technology company’s stock valued at $738,010,000 after acquiring an additional 144,612 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of Tyler Technologies by 2.6% in the 2nd quarter. Geode Capital Management LLC now owns 1,206,406 shares of the technology company’s stock valued at $713,144,000 after acquiring an additional 30,686 shares during the last quarter. 93.30% of the stock is owned by institutional investors.

Tyler Technologies Stock Performance

NYSE:TYL opened at $354.86 on Friday. Tyler Technologies, Inc. has a 52 week low of $283.71 and a 52 week high of $626.56. The firm’s fifty day moving average is $397.48 and its 200-day moving average is $467.64. The firm has a market cap of $15.26 billion, a P/E ratio of 49.29, a P/E/G ratio of 2.37 and a beta of 0.91.

Tyler Technologies (NYSE:TYL) last released its earnings results on Wednesday, February 11th. The technology company reported $2.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.71 by ($0.07). Tyler Technologies had a net margin of 13.53% and a return on equity of 10.42%. The firm had revenue of $575.18 million during the quarter, compared to analyst estimates of $591.09 million. During the same quarter in the previous year, the firm earned $2.43 EPS. Tyler Technologies’s quarterly revenue was up 6.3% on a year-over-year basis. As a group, sell-side analysts anticipate that Tyler Technologies, Inc. will post 8.52 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have issued reports on TYL shares. TD Cowen lowered their target price on Tyler Technologies from $600.00 to $500.00 and set a “buy” rating for the company in a report on Friday, February 13th. BTIG Research reduced their price target on Tyler Technologies from $560.00 to $470.00 and set a “buy” rating on the stock in a report on Monday, February 9th. Needham & Company LLC reiterated a “buy” rating and issued a $750.00 price objective on shares of Tyler Technologies in a report on Tuesday, February 3rd. Cantor Fitzgerald reiterated a “neutral” rating and set a $325.00 target price on shares of Tyler Technologies in a research report on Friday, February 13th. Finally, Piper Sandler reissued an “overweight” rating and set a $543.00 target price (down from $671.00) on shares of Tyler Technologies in a report on Friday, February 13th. Twelve research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Tyler Technologies presently has an average rating of “Moderate Buy” and a consensus price target of $467.54.

Insiders Place Their Bets

In other news, Director Glenn A. Carter sold 500 shares of the firm’s stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $458.73, for a total transaction of $229,365.00. Following the completion of the sale, the director owned 3,172 shares of the company’s stock, valued at $1,455,091.56. This trade represents a 13.62% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Brian K. Miller sold 1,000 shares of Tyler Technologies stock in a transaction on Monday, December 15th. The shares were sold at an average price of $448.51, for a total transaction of $448,510.00. Following the completion of the sale, the chief financial officer owned 17,148 shares of the company’s stock, valued at $7,691,049.48. This represents a 5.51% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 2,500 shares of company stock valued at $1,136,525. Company insiders own 1.10% of the company’s stock.

Tyler Technologies Company Profile

Tyler Technologies, Inc is a provider of software and technology services for the public sector, delivering integrated systems that help government and public agencies manage operations, finances and citizen services. Headquartered in Plano, Texas, the company focuses on developing and implementing solutions for local and state governments, school districts, courts and public safety organizations. Its offerings are aimed at modernizing administrative workflows, improving transparency and enabling digital interactions between governments and the communities they serve.

Tyler’s product portfolio spans enterprise resource planning and financial management, tax and billing systems, court case and records management, public safety solutions (including computer-aided dispatch and records management), land and property management, permitting and licensing, and enterprise asset management.