EULAV Asset Management Boosts Position in Tyler Technologies, Inc. (NYSE:TYL)

EULAV Asset Management raised its holdings in shares of Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 1.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 249,083 shares of the technology company's stock after acquiring an additional 3,399 shares during the period. Tyler Technologies comprises approximately 3.6% of EULAV Asset Management's portfolio, making the stock its biggest holding. EULAV Asset Management owned about 0.58% of Tyler Technologies worth $144,814,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of TYL. Retirement Wealth Solutions LLC bought a new stake in Tyler Technologies in the first quarter valued at $26,000. Larson Financial Group LLC raised its position in shares of Tyler Technologies by 221.4% in the 4th quarter. Larson Financial Group LLC now owns 45 shares of the technology company's stock worth $26,000 after purchasing an additional 31 shares during the last quarter. Brown Brothers Harriman & Co. increased its holdings in Tyler Technologies by 300.0% in the 4th quarter. Brown Brothers Harriman & Co. now owns 56 shares of the technology company's stock worth $32,000 after buying an additional 42 shares in the last quarter. Kapitalo Investimentos Ltda bought a new stake in Tyler Technologies in the 4th quarter worth about $40,000. Finally, Whipplewood Advisors LLC increased its holdings in Tyler Technologies by 255.0% in the 1st quarter. Whipplewood Advisors LLC now owns 71 shares of the technology company's stock worth $41,000 after buying an additional 51 shares in the last quarter. 93.30% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Tyler Technologies news, insider Abigail Marshall Diaz-Pedrosa sold 375 shares of the stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $573.60, for a total value of $215,100.00. Following the completion of the sale, the insider directly owned 247 shares in the company, valued at approximately $141,679.20. This trade represents a 60.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO H Lynn Moore, Jr. sold 5,250 shares of the firm's 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 owned 81,775 shares of the company's stock, valued at approximately $47,853,094.50. The trade was a 6.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 26,500 shares of company stock valued at $15,177,230 in the last 90 days. 1.10% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

TYL has been the subject of a number of recent research reports. Barclays cut their price objective on Tyler Technologies from $700.00 to $695.00 and set an "overweight" rating for the company in a research note on Friday, April 25th. Wells Fargo & Company reduced their target price 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. DA Davidson reduced their target price 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. Needham & Company LLC reiterated a "buy" rating and issued a $750.00 target price on shares of Tyler Technologies in a research note on Tuesday, May 13th. Finally, Piper Sandler reduced their target price 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. Five investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, Tyler Technologies currently has an average rating of "Moderate Buy" and a consensus target price of $680.50.

Tyler Technologies Price Performance

Shares of TYL stock opened at $590.47 on Monday. Tyler Technologies, Inc. has a 1-year low of $503.54 and a 1-year high of $661.31. The stock's 50-day moving average is $571.25 and its 200 day moving average is $580.51. The company has a market cap of $25.46 billion, a P/E ratio of 88.93, a PEG ratio of 4.61 and a beta of 0.84.

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

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.

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