ING Groep NV Buys 4,994 Shares of Tyler Technologies, Inc. (NYSE:TYL)

ING Groep NV increased its position in shares of Tyler Technologies, Inc. (NYSE:TYL) by 700.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,707 shares of the technology company’s stock after purchasing an additional 4,994 shares during the quarter. ING Groep NV’s holdings in Tyler Technologies were worth $3,331,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Independence Bank of Kentucky acquired a new stake in shares of Tyler Technologies during the 2nd quarter worth approximately $25,000. Ashton Thomas Securities LLC bought a new position in shares of Tyler Technologies in the 3rd quarter valued at $27,000. Covestor Ltd raised its holdings in shares of Tyler Technologies by 153.6% during the 1st quarter. Covestor Ltd now owns 71 shares of the technology company’s stock worth $30,000 after buying an additional 43 shares in the last quarter. Blue Trust Inc. lifted its position in shares of Tyler Technologies by 329.4% during the 2nd quarter. Blue Trust Inc. now owns 73 shares of the technology company’s stock worth $37,000 after buying an additional 56 shares during the last quarter. Finally, Lynx Investment Advisory acquired a new stake in Tyler Technologies in the second quarter valued at about $38,000. 93.30% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. BTIG Research increased their target price on shares of Tyler Technologies from $550.00 to $630.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Piper Sandler raised their target price 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. Evercore ISI upgraded shares of Tyler Technologies to a “hold” rating in a report on Friday, July 26th. DA Davidson raised their price objective on Tyler Technologies from $525.00 to $550.00 and gave the company a “neutral” rating in a report on Thursday, October 17th. Finally, JMP Securities increased their target price on Tyler Technologies from $580.00 to $700.00 and gave the company a “market outperform” rating in a research report on Friday, October 25th. Two research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, Tyler Technologies has a consensus rating of “Moderate Buy” and an average target price of $642.62.

Insider Buying and Selling at Tyler Technologies

In other news, CFO Brian K. Miller sold 2,500 shares of the business’s stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $586.97, for a total value of $1,467,425.00. Following the transaction, the chief financial officer now directly owns 11,950 shares of the company’s stock, valued at $7,014,291.50. The trade was a 17.30 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO H Lynn Moore, Jr. sold 6,250 shares of the company’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $605.82, for a total value of $3,786,375.00. Following 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 position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 32,600 shares of company stock valued at $19,307,295. 2.20% of the stock is currently owned by insiders.

Tyler Technologies Price Performance

Tyler Technologies stock opened at $597.10 on Friday. The firm has a market cap of $25.56 billion, a P/E ratio of 108.96, a P/E/G ratio of 5.56 and a beta of 0.77. The stock’s 50 day moving average is $593.78 and its 200 day moving average is $547.05. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.21 and a quick ratio of 1.21. Tyler Technologies, Inc. has a one year low of $397.80 and a one year high of $631.43.

Tyler Technologies (NYSE:TYL) last issued its quarterly earnings results on Wednesday, October 23rd. The technology company reported $2.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.43 by $0.09. Tyler Technologies had a net margin of 11.39% and a return on equity of 9.79%. The firm had revenue of $543.34 million for the quarter, compared to the consensus estimate of $547.34 million. During the same quarter in the previous year, the company earned $1.66 EPS. The company’s revenue for the quarter was up 9.8% on a year-over-year basis. As a group, research analysts expect that Tyler Technologies, Inc. will post 7.39 EPS for the current year.

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.