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

KBC Group NV boosted its stake in Tyler Technologies, Inc. (NYSE:TYL) by 15.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 17,884 shares of the technology company’s stock after buying an additional 2,344 shares during the quarter. KBC Group NV’s holdings in Tyler Technologies were worth $10,313,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Ashton Thomas Securities LLC purchased a new stake in shares of Tyler Technologies in the third quarter valued at about $27,000. Tobam purchased a new stake in Tyler Technologies in the 3rd quarter valued at about $78,000. Quarry LP bought a new position in shares of Tyler Technologies during the 3rd quarter worth approximately $78,000. MassMutual Private Wealth & Trust FSB boosted its stake in shares of Tyler Technologies by 18.4% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 135 shares of the technology company’s stock worth $78,000 after buying an additional 21 shares during the last quarter. Finally, Brooklyn Investment Group bought a new position in shares of Tyler Technologies in the third quarter valued at approximately $79,000. 93.30% of the stock is currently owned by institutional investors.

Tyler Technologies Stock Down 1.9 %

Shares of NYSE TYL opened at $608.09 on Thursday. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.18. The company has a market cap of $26.03 billion, a P/E ratio of 110.97, a P/E/G ratio of 4.55 and a beta of 0.78. Tyler Technologies, Inc. has a 52 week low of $397.80 and a 52 week high of $638.56. The business has a 50-day simple moving average of $598.59 and a two-hundred day simple moving average of $588.22.

Insider Activity

In other news, CFO Brian K. Miller sold 6,752 shares of Tyler Technologies stock in a transaction dated 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 owns 11,918 shares in the company, valued at approximately $7,314,672.50. This trade represents a 36.16 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider John S. Marr, Jr. sold 12,000 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $613.66, for a total transaction of $7,363,920.00. Following the completion of the transaction, the insider now owns 6,983 shares in the company, valued at approximately $4,285,187.78. This trade represents a 63.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 42,252 shares of company stock worth $26,096,928. 2.20% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Robert W. Baird boosted their price objective on Tyler Technologies from $625.00 to $700.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Oppenheimer boosted their price target 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. 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 research report on Friday, October 25th. DA Davidson increased their target price on shares of Tyler Technologies from $525.00 to $550.00 and gave the company a “neutral” rating in a research report on Thursday, October 17th. Finally, Piper Sandler lifted their price target on shares of Tyler Technologies from $625.00 to $701.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. Four analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, Tyler Technologies has an average rating of “Moderate Buy” and an average target price of $643.77.

About Tyler Technologies

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.