KBC Group NV Purchases 3,646 Shares of Tyler Technologies, Inc. (NYSE:TYL)

KBC Group NV lifted its stake in shares of Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 30.7% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 15,540 shares of the technology company's stock after acquiring an additional 3,646 shares during the period. KBC Group NV's holdings in Tyler Technologies were worth $9,071,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of TYL. Bessemer Group Inc. increased its stake in Tyler Technologies by 39.4% during the 1st quarter. Bessemer Group Inc. now owns 6,840 shares of the technology company's stock valued at $2,906,000 after purchasing an additional 1,935 shares in the last quarter. Natixis increased its position in shares of Tyler Technologies by 114.0% during the first quarter. Natixis now owns 2,253 shares of the technology company's stock worth $958,000 after acquiring an additional 1,200 shares in the last quarter. O Shaughnessy Asset Management LLC raised its holdings in shares of Tyler Technologies by 143.8% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 1,794 shares of the technology company's stock worth $762,000 after acquiring an additional 1,058 shares during the last quarter. Tidal Investments LLC lifted its position in Tyler Technologies by 64.8% in the 1st quarter. Tidal Investments LLC now owns 2,953 shares of the technology company's stock valued at $1,253,000 after acquiring an additional 1,161 shares in the last quarter. Finally, SG Americas Securities LLC boosted its stake in Tyler Technologies by 18.3% during the 2nd quarter. SG Americas Securities LLC now owns 8,117 shares of the technology company's stock valued at $4,081,000 after purchasing an additional 1,255 shares during the last quarter. 93.30% of the stock is owned by institutional investors.

Insider Buying and Selling at Tyler Technologies

In related news, insider John S. Marr, Jr. sold 5,000 shares of Tyler Technologies stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $578.94, for a total transaction of $2,894,700.00. Following the completion of the sale, the insider now owns 6,983 shares of the company's stock, valued at approximately $4,042,738.02. This trade represents a 41.73 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Brian K. Miller sold 2,500 shares of the company's stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $624.41, for a total value of $1,561,025.00. Following the completion of the transaction, the chief financial officer now owns 11,950 shares in the company, valued at $7,461,699.50. This represents a 17.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 32,600 shares of company stock valued at $19,307,295 in the last quarter. 2.20% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on TYL. Barclays raised their target price on Tyler Technologies from $700.00 to $705.00 and gave the company an "overweight" rating in a report on Friday, October 25th. JMP Securities lifted their price objective on shares of Tyler Technologies from $580.00 to $700.00 and gave the stock a "market outperform" rating in a 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 company an "outperform" rating in a report on Friday, October 25th. Piper Sandler raised their price target on shares of Tyler Technologies from $625.00 to $701.00 and gave the company an "overweight" rating in a research report on Friday, October 25th. Finally, DA Davidson increased their price objective on shares of Tyler Technologies from $525.00 to $550.00 and gave the company a "neutral" rating in a research note on Thursday, October 17th. Two investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $642.62.

Tyler Technologies Stock Performance

NYSE:TYL traded down $17.18 on Friday, reaching $597.10. 252,742 shares of the company's stock were exchanged, compared to its average volume of 268,664. The firm has a market cap of $25.56 billion, a price-to-earnings ratio of 108.96, a P/E/G ratio of 5.39 and a beta of 0.77. 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 stock has a fifty day simple moving average of $593.78 and a 200-day simple moving average of $547.05. Tyler Technologies, Inc. has a 52 week low of $397.80 and a 52 week high of $631.43.

Tyler Technologies (NYSE:TYL - Get Free Report) last released its quarterly earnings data on Wednesday, October 23rd. The technology company reported $2.52 earnings per share for the quarter, beating analysts' consensus estimates of $2.43 by $0.09. The business had revenue of $543.34 million during the quarter, compared to analyst estimates of $547.34 million. Tyler Technologies had a net margin of 11.39% and a return on equity of 9.79%. Tyler Technologies's revenue was up 9.8% compared to the same quarter last year. During the same period in the previous year, the business earned $1.66 EPS. As a group, sell-side analysts predict that Tyler Technologies, Inc. will post 7.39 earnings per share for the current year.

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.