Robeco Institutional Asset Management B.V. Has $34.67 Million Stock Holdings in Tyler Technologies, Inc. (NYSE:TYL)

Robeco Institutional Asset Management B.V. increased its stake in shares of Tyler Technologies, Inc. (NYSE:TYL) by 41.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor 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. owned 0.14% of Tyler Technologies worth $34,673,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in TYL. R Squared Ltd acquired a new position in shares of Tyler Technologies during the fourth quarter worth approximately $582,000. Perigon Wealth Management LLC raised its position in Tyler Technologies by 22.8% in the 4th quarter. Perigon Wealth Management LLC now owns 888 shares of the technology company’s stock worth $511,000 after purchasing an additional 165 shares during the last quarter. Greenup Street Wealth Management LLC bought a new position in Tyler Technologies in the 4th quarter worth approximately $5,150,000. Pacer Advisors Inc. lifted its holdings in Tyler Technologies by 346.6% during the 4th quarter. Pacer Advisors Inc. now owns 14,096 shares of the technology company’s stock worth $8,128,000 after buying an additional 10,940 shares in the last quarter. Finally, KBC Group NV boosted its position in Tyler Technologies by 15.1% in the 4th quarter. KBC Group NV now owns 17,884 shares of the technology company’s stock valued at $10,313,000 after buying an additional 2,344 shares during the last quarter. Institutional investors own 93.30% of the company’s stock.

Insider Buying and Selling

In other Tyler Technologies news, insider John S. Marr, Jr. sold 6,000 shares of Tyler Technologies stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $633.55, for a total value of $3,801,300.00. Following the sale, the insider now owns 6,983 shares of the company’s stock, valued at $4,424,079.65. This trade represents a 46.21 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Brian K. Miller sold 6,752 shares of the business’s stock in a transaction on Friday, December 13th. The stock was sold at an average price of $613.75, for a total transaction of $4,144,040.00. Following the completion of the sale, the chief financial officer now directly owns 11,918 shares in the company, valued at approximately $7,314,672.50. This represents a 36.16 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 42,252 shares of company stock valued at $26,096,928. 2.20% of the stock is owned by corporate insiders.

Tyler Technologies Stock Down 1.5 %

Shares of Tyler Technologies stock opened at $598.41 on Friday. The company has a market capitalization of $25.61 billion, a P/E ratio of 109.20, a price-to-earnings-growth ratio of 4.55 and a beta of 0.78. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.21 and a quick ratio of 1.21. The business has a 50-day moving average of $598.62 and a two-hundred day moving average of $588.29. Tyler Technologies, Inc. has a 1 year low of $397.80 and a 1 year high of $638.56.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on TYL. Truist Financial reaffirmed a “buy” rating and set a $685.00 price target (up previously from $600.00) on shares of Tyler Technologies in a research note on Friday, October 25th. StockNews.com lowered shares of Tyler Technologies from a “buy” rating to a “hold” rating in a research note on Friday, December 6th. Barclays lifted their price target on shares of Tyler Technologies from $700.00 to $705.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. Piper Sandler raised their price objective on shares of Tyler Technologies from $625.00 to $701.00 and gave the company an “overweight” rating in a research note on Friday, October 25th. Finally, DA Davidson reiterated a “neutral” rating and set a $575.00 target price on shares of Tyler Technologies in a research report on Thursday. Four analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, Tyler Technologies presently has an average rating of “Moderate Buy” and a consensus 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.