Robeco Institutional Asset Management B.V. Purchases 17,680 Shares of Tyler Technologies, Inc. (NYSE:TYL)

Robeco Institutional Asset Management B.V. increased its holdings in shares of Tyler Technologies, Inc. (NYSE:TYL) by 41.6% in the fourth quarter, HoldingsChannel reports. The firm owned 60,130 shares of the technology company’s stock after buying an additional 17,680 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Tyler Technologies were worth $34,673,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Ashton Thomas Securities LLC acquired a new stake in shares of Tyler Technologies in the third quarter valued at approximately $27,000. Tobam acquired a new stake in Tyler Technologies during the 3rd quarter valued at $78,000. Quarry LP acquired a new stake in Tyler Technologies during the 3rd quarter valued at $78,000. MassMutual Private Wealth & Trust FSB boosted its position in Tyler Technologies by 18.4% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 135 shares of the technology company’s stock worth $78,000 after purchasing an additional 21 shares during the period. Finally, Brooklyn Investment Group acquired a new position in shares of Tyler Technologies in the third quarter valued at $79,000. Institutional investors and hedge funds own 93.30% of the company’s stock.

Insider Buying and Selling at Tyler Technologies

In other Tyler Technologies news, CFO Brian K. Miller sold 3,000 shares of the business’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $602.72, for a total transaction of $1,808,160.00. Following the completion of the transaction, the chief financial officer now owns 11,950 shares of the company’s stock, valued at approximately $7,202,504. The trade was a 20.07 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO H Lynn Moore, Jr. sold 6,250 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $605.82, for a total transaction of $3,786,375.00. Following the completion of the sale, the chief executive officer now owns 75,000 shares in the company, valued at approximately $45,436,500. The trade was a 7.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 42,252 shares of company stock worth $26,096,928 over the last three months. Corporate insiders own 2.20% of the company’s stock.

Tyler Technologies Price Performance

Shares of NYSE:TYL opened at $598.41 on Friday. The firm has a 50 day moving average of $598.62 and a 200-day moving average of $588.29. Tyler Technologies, Inc. has a 12 month low of $397.80 and a 12 month high of $638.56. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of $25.61 billion, a PE ratio of 109.20, a PEG ratio of 4.55 and a beta of 0.78.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on TYL shares. Truist Financial restated a “buy” rating and set a $685.00 target price (up previously from $600.00) on shares of Tyler Technologies in a research note on Friday, October 25th. Needham & Company LLC restated a “buy” rating and set a $700.00 price objective on shares of Tyler Technologies in a report on Tuesday, January 21st. DA Davidson reaffirmed a “neutral” rating and issued a $575.00 target price on shares of Tyler Technologies in a research report on Thursday. Robert W. Baird lifted their price target on Tyler Technologies from $625.00 to $700.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. Finally, Piper Sandler upped their price objective on Tyler Technologies from $625.00 to $701.00 and gave the company an “overweight” rating in a report on Friday, October 25th. Four equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $645.69.

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.