Tyler Technologies, Inc. (NYSE:TYL) Shares Purchased by EULAV Asset Management

EULAV Asset Management grew its stake in shares of Tyler Technologies, Inc. (NYSE:TYL) by 7.3% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 245,684 shares of the technology company’s stock after purchasing an additional 16,700 shares during the quarter. Tyler Technologies comprises about 3.4% of EULAV Asset Management’s portfolio, making the stock its biggest holding. EULAV Asset Management’s holdings in Tyler Technologies were worth $141,671,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Livforsakringsbolaget Skandia Omsesidigt acquired a new position in Tyler Technologies during the fourth quarter worth $159,000. Sumitomo Mitsui DS Asset Management Company Ltd grew its position in shares of Tyler Technologies by 19.3% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 5,231 shares of the technology company’s stock valued at $3,016,000 after acquiring an additional 847 shares during the period. Sumitomo Mitsui Trust Group Inc. increased its stake in shares of Tyler Technologies by 11.8% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 107,106 shares of the technology company’s stock worth $61,762,000 after purchasing an additional 11,317 shares during the last quarter. Choreo LLC raised its holdings in shares of Tyler Technologies by 3.9% in the 4th quarter. Choreo LLC now owns 647 shares of the technology company’s stock valued at $374,000 after purchasing an additional 24 shares during the period. Finally, Tectonic Advisors LLC acquired a new stake in Tyler Technologies in the 4th quarter valued at about $229,000. Institutional investors own 93.30% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on TYL. Robert W. Baird boosted their price target on Tyler Technologies from $625.00 to $700.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Wells Fargo & Company reissued an “equal weight” rating and set a $615.00 target price (down from $670.00) on shares of Tyler Technologies in a report on Tuesday, January 7th. StockNews.com downgraded Tyler Technologies from a “buy” rating to a “hold” rating in a report on Friday, December 6th. Truist Financial reiterated a “buy” rating and issued a $685.00 price objective (up from $600.00) on shares of Tyler Technologies in a report on Friday, October 25th. Finally, Needham & Company LLC restated a “buy” rating and set a $700.00 target price on shares of Tyler Technologies in a research note on Tuesday, January 21st. Four analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $645.69.

Tyler Technologies Stock Performance

NYSE TYL opened at $606.07 on Friday. The firm has a 50-day moving average price of $596.94 and a two-hundred day moving average price of $591.20. Tyler Technologies, Inc. has a 12-month low of $397.80 and a 12-month high of $638.56. The company has a market capitalization of $25.94 billion, a P/E ratio of 110.60, a P/E/G ratio of 4.78 and a beta of 0.78. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.18.

Insider Activity

In related news, CFO Brian K. Miller sold 6,752 shares of the firm’s stock in a transaction on Friday, December 13th. The stock was sold at an average price of $613.75, for a total value of $4,144,040.00. Following the transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider John S. Marr, Jr. sold 12,000 shares of the company’s 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 sale, the insider now directly owns 6,983 shares of the company’s stock, valued at $4,285,187.78. This represents a 63.21 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 30,502 shares of company stock worth $18,941,368. Corporate insiders own 2.20% of the company’s stock.

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.