KBC Group NV Raises Holdings in Tyler Technologies, Inc. (NYSE:TYL)

KBC Group NV increased its stake in Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 15.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 17,884 shares of the technology company's stock after purchasing an additional 2,344 shares during the quarter. KBC Group NV's holdings in Tyler Technologies were worth $10,313,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in TYL. Ashton Thomas Securities LLC purchased a new stake in Tyler Technologies during the third quarter valued at $27,000. Quarry LP bought a new position in shares of Tyler Technologies in the 3rd quarter worth approximately $78,000. Tobam purchased a new position in shares of Tyler Technologies in the third quarter worth approximately $78,000. MassMutual Private Wealth & Trust FSB grew 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 valued at $78,000 after buying an additional 21 shares during the period. Finally, Brooklyn Investment Group purchased a new stake in Tyler Technologies during the third quarter valued at approximately $79,000. Institutional investors own 93.30% of the company's stock.

Tyler Technologies Trading Down 1.7 %

TYL stock traded down $10.11 during midday trading on Thursday, reaching $597.30. 130,332 shares of the company traded hands, compared to its average volume of 219,385. The firm has a market capitalization of $25.56 billion, a price-to-earnings ratio of 109.07, a P/E/G ratio of 4.55 and a beta of 0.78. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.21 and a current ratio of 1.21. The business has a 50 day moving average of $598.59 and a 200-day moving average of $588.22. Tyler Technologies, Inc. has a 52-week low of $397.80 and a 52-week high of $638.56.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Oppenheimer boosted their price objective on shares of Tyler Technologies from $625.00 to $700.00 and gave the company an "outperform" rating in a research report on Friday, October 25th. Barclays lifted their price objective on Tyler Technologies from $700.00 to $705.00 and gave the company an "overweight" rating in a research report on Friday, October 25th. Robert W. Baird increased their target price on shares of Tyler Technologies from $625.00 to $700.00 and gave the stock an "outperform" rating in a report on Friday, October 25th. Needham & Company LLC reaffirmed a "buy" rating and set a $700.00 price target on shares of Tyler Technologies in a report on Tuesday, January 21st. Finally, JMP Securities lifted their target price on shares of Tyler Technologies from $580.00 to $700.00 and gave the company a "market outperform" rating in a research note on Friday, October 25th. Four equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $645.69.

Insider Transactions at Tyler Technologies

In other news, CFO Brian K. Miller sold 6,752 shares of the company's stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $613.75, for a total value of $4,144,040.00. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO H Lynn Moore, Jr. sold 6,250 shares of the firm's stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $605.82, for a total transaction of $3,786,375.00. Following the completion of the transaction, the chief executive officer now directly owns 75,000 shares in the company, valued at $45,436,500. This represents a 7.69 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 42,252 shares of company stock worth $26,096,928. 2.20% of the stock is currently owned by 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.