ING Groep NV Has $318,000 Stock Position in Tyler Technologies, Inc. (NYSE:TYL)

ING Groep NV raised its position in shares of Tyler Technologies, Inc. (NYSE:TYLFree Report) by 168.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 761 shares of the technology company’s stock after purchasing an additional 478 shares during the period. ING Groep NV’s holdings in Tyler Technologies were worth $318,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in TYL. Livforsakringsbolaget Skandia Omsesidigt acquired a new position in Tyler Technologies during the fourth quarter valued at approximately $31,000. Headlands Technologies LLC acquired a new position in Tyler Technologies during the fourth quarter valued at approximately $40,000. Lindbrook Capital LLC increased its holdings in shares of Tyler Technologies by 50.6% during the fourth quarter. Lindbrook Capital LLC now owns 116 shares of the technology company’s stock worth $49,000 after buying an additional 39 shares in the last quarter. Chilton Capital Management LLC acquired a new position in shares of Tyler Technologies during the fourth quarter worth $52,000. Finally, Column Capital Advisors LLC increased its holdings in shares of Tyler Technologies by 50.5% during the third quarter. Column Capital Advisors LLC now owns 146 shares of the technology company’s stock worth $56,000 after buying an additional 49 shares in the last quarter. 93.30% of the stock is currently owned by institutional investors and hedge funds.

Tyler Technologies Stock Performance

NYSE TYL opened at $497.50 on Thursday. The company has a market capitalization of $21.12 billion, a price-to-earnings ratio of 112.56, a PEG ratio of 4.63 and a beta of 0.76. Tyler Technologies, Inc. has a twelve month low of $361.16 and a twelve month high of $500.49. The stock has a fifty day simple moving average of $440.41 and a 200 day simple moving average of $428.21. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.20.

Tyler Technologies (NYSE:TYLGet Free Report) last issued its quarterly earnings results on Wednesday, April 24th. The technology company reported $1.74 EPS for the quarter, beating analysts’ consensus estimates of $1.48 by $0.26. The business had revenue of $512.36 million for the quarter, compared to analysts’ expectations of $507.79 million. Tyler Technologies had a net margin of 9.50% and a return on equity of 9.35%. Sell-side analysts expect that Tyler Technologies, Inc. will post 7.14 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on TYL shares. JMP Securities reiterated a “market outperform” rating and set a $490.00 price target on shares of Tyler Technologies in a report on Friday, April 26th. Needham & Company LLC upped their price target on shares of Tyler Technologies from $500.00 to $600.00 and gave the stock a “buy” rating in a report on Tuesday. Loop Capital upped their price target on shares of Tyler Technologies from $485.00 to $530.00 and gave the stock a “buy” rating in a report on Tuesday. Oppenheimer upped their price target on shares of Tyler Technologies from $500.00 to $550.00 and gave the stock an “outperform” rating in a report on Wednesday. Finally, BTIG Research upped their price target on shares of Tyler Technologies from $515.00 to $550.00 and gave the stock a “buy” rating in a report on Wednesday. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $514.55.

Read Our Latest Report on Tyler Technologies

Insider Buying and Selling at Tyler Technologies

In other Tyler Technologies news, Director Brenda A. Cline sold 5,000 shares of the company’s stock in a transaction on Monday, April 29th. The shares were sold at an average price of $458.83, for a total transaction of $2,294,150.00. Following the sale, the director now owns 1,358 shares of the company’s stock, valued at $623,091.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Daniel M. Pope sold 520 shares of the stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $491.18, for a total transaction of $255,413.60. Following the transaction, the director now owns 3,493 shares of the company’s stock, valued at approximately $1,715,691.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Brenda A. Cline sold 5,000 shares of the firm’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $458.83, for a total value of $2,294,150.00. Following the completion of the sale, the director now owns 1,358 shares of the company’s stock, valued at $623,091.14. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 52,549 shares of company stock valued at $23,571,620. 2.20% of the stock is currently owned by insiders.

About Tyler Technologies

(Free Report)

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.

Featured Articles

Want to see what other hedge funds are holding TYL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tyler Technologies, Inc. (NYSE:TYLFree Report).

Institutional Ownership by Quarter for Tyler Technologies (NYSE:TYL)

Receive News & Ratings for Tyler Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tyler Technologies and related companies with MarketBeat.com's FREE daily email newsletter.