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

EULAV Asset Management increased its holdings in shares of Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 1.4% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 249,083 shares of the technology company's stock after purchasing an additional 3,399 shares during the quarter. Tyler Technologies accounts for about 3.6% of EULAV Asset Management's investment portfolio, making the stock its largest holding. EULAV Asset Management owned approximately 0.58% of Tyler Technologies worth $144,814,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of TYL. Norges Bank acquired a new stake in shares of Tyler Technologies during the fourth quarter worth approximately $528,465,000. GAMMA Investing LLC grew its position in shares of Tyler Technologies by 57,694.7% during the first quarter. GAMMA Investing LLC now owns 878,480 shares of the technology company's stock worth $510,739,000 after buying an additional 876,960 shares in the last quarter. Wealthfront Advisers LLC grew its position in shares of Tyler Technologies by 8,973.6% during the fourth quarter. Wealthfront Advisers LLC now owns 154,433 shares of the technology company's stock worth $89,052,000 after buying an additional 152,731 shares in the last quarter. Marshall Wace LLP grew its position in shares of Tyler Technologies by 897.6% during the fourth quarter. Marshall Wace LLP now owns 112,210 shares of the technology company's stock worth $64,705,000 after buying an additional 100,962 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Tyler Technologies by 52.6% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 283,449 shares of the technology company's stock worth $163,448,000 after buying an additional 97,718 shares in the last quarter. Institutional investors and hedge funds own 93.30% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. DA Davidson reduced their price objective on Tyler Technologies from $595.00 to $570.00 and set a "neutral" rating on the stock in a research note on Friday, April 25th. Piper Sandler reduced their price objective on Tyler Technologies from $747.00 to $708.00 and set an "overweight" rating on the stock in a research note on Friday, April 25th. Wells Fargo & Company reduced their price objective on Tyler Technologies from $640.00 to $610.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 22nd. Needham & Company LLC restated a "buy" rating and set a $750.00 price objective on shares of Tyler Technologies in a research note on Tuesday, May 13th. Finally, Robert W. Baird reduced their price objective on Tyler Technologies from $785.00 to $700.00 and set an "outperform" rating on the stock in a research note on Friday, April 25th. Five analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $680.50.

Insider Transactions at Tyler Technologies

In related news, CFO Brian K. Miller sold 3,333 shares of Tyler Technologies stock in a transaction dated Friday, May 23rd. The stock was sold at an average price of $568.46, for a total value of $1,894,677.18. Following the transaction, the chief financial officer owned 11,231 shares of the company's stock, valued at approximately $6,384,374.26. This trade represents a 22.89% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO H Lynn Moore, Jr. sold 5,250 shares of Tyler Technologies stock in a transaction dated Tuesday, June 10th. The stock was sold at an average price of $585.18, for a total value of $3,072,195.00. Following the completion of the transaction, the chief executive officer directly owned 81,775 shares in the company, valued at $47,853,094.50. This represents a 6.03% decrease in their position. The disclosure for this sale can be found here. Insiders sold 26,500 shares of company stock valued at $15,177,230 in the last three months. 1.10% of the stock is currently owned by insiders.

Tyler Technologies Price Performance

Shares of TYL traded down $4.36 during trading hours on Tuesday, reaching $585.33. 56,739 shares of the company's stock traded hands, compared to its average volume of 262,858. The business's fifty day simple moving average is $572.62 and its two-hundred day simple moving average is $580.40. The firm has a market capitalization of $25.24 billion, a price-to-earnings ratio of 88.19, a P/E/G ratio of 4.61 and a beta of 0.84. Tyler Technologies, Inc. has a twelve month low of $503.54 and a twelve month high of $661.31.

Tyler Technologies (NYSE:TYL - Get Free Report) last released its earnings results on Wednesday, April 23rd. The technology company reported $2.78 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.56 by $0.22. The firm had revenue of $562.43 million for the quarter, compared to analyst estimates of $556.45 million. Tyler Technologies had a return on equity of 10.29% and a net margin of 13.23%. Tyler Technologies's revenue was up 10.3% compared to the same quarter last year. During the same period in the previous year, the company earned $2.20 earnings per share. On average, equities research analysts expect that Tyler Technologies, Inc. will post 8.52 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.