EULAV Asset Management Has $141.67 Million Position in Tyler Technologies, Inc. (NYSE:TYL)

EULAV Asset Management lifted its stake in shares of Tyler Technologies, Inc. (NYSE:TYL) by 7.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 245,684 shares of the technology company’s stock after purchasing an additional 16,700 shares during the period. Tyler Technologies makes up about 3.4% of EULAV Asset Management’s investment portfolio, making the stock its biggest position. EULAV Asset Management owned approximately 0.57% of Tyler Technologies worth $141,671,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of the stock. Ashton Thomas Securities LLC acquired a new position in Tyler Technologies during the 3rd quarter valued at about $27,000. Tobam bought a new stake in shares of Tyler Technologies during the third quarter worth approximately $78,000. Quarry LP acquired a new position in Tyler Technologies in the third quarter valued at approximately $78,000. MassMutual Private Wealth & Trust FSB boosted its stake in Tyler Technologies by 18.4% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 135 shares of the technology company’s stock valued at $78,000 after acquiring an additional 21 shares during the last quarter. Finally, Brooklyn Investment Group acquired a new stake in Tyler Technologies during the 3rd quarter worth $79,000. 93.30% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. StockNews.com downgraded Tyler Technologies from a “buy” rating to a “hold” rating in a research note on Friday, December 6th. Oppenheimer increased their target price on Tyler Technologies from $625.00 to $700.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. Truist Financial restated a “buy” rating and set a $685.00 target price (up from $600.00) on shares of Tyler Technologies in a research report on Friday, October 25th. Robert W. Baird increased their price target 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. Finally, Needham & Company LLC reissued a “buy” rating and set a $700.00 price objective on shares of Tyler Technologies in a research note on Tuesday, January 21st. Four research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $645.69.

Insider Buying and Selling at Tyler Technologies

In related news, insider John S. Marr, Jr. sold 12,000 shares of the stock in a transaction dated 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 directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Brian K. Miller sold 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $632.01, for a total value of $1,580,025.00. Following the completion of the sale, the chief financial officer now owns 12,198 shares in the company, valued at $7,709,257.98. The trade was a 17.01 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 30,502 shares of company stock valued at $18,941,368 in the last 90 days. 2.20% of the stock is currently owned by company insiders.

Tyler Technologies Trading Down 1.6 %

Shares of NYSE:TYL opened at $606.07 on Friday. The firm has a market cap of $25.94 billion, a price-to-earnings ratio of 110.60, a PEG ratio of 4.78 and a beta of 0.78. Tyler Technologies, Inc. has a 12 month low of $397.80 and a 12 month high of $638.56. The company’s fifty day simple moving average is $596.94 and its 200 day simple moving average is $591.20. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.18.

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.