Eurizon Capital SGR S.p.A. purchased a new stake in shares of Tyler Technologies, Inc. (NYSE:TYL – Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 4,349 shares of the technology company’s stock, valued at approximately $1,975,000.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Advisors Asset Management Inc. purchased a new position in Tyler Technologies during the first quarter valued at approximately $38,000. NewEdge Advisors LLC raised its stake in Tyler Technologies by 17.8% in the first quarter. NewEdge Advisors LLC now owns 251 shares of the technology company’s stock worth $146,000 after buying an additional 38 shares in the last quarter. Woodline Partners LP bought a new position in Tyler Technologies in the first quarter worth approximately $2,102,000. Geneos Wealth Management Inc. raised its stake in Tyler Technologies by 137.9% in the first quarter. Geneos Wealth Management Inc. now owns 69 shares of the technology company’s stock worth $40,000 after buying an additional 40 shares in the last quarter. Finally, American Century Companies Inc. raised its stake in Tyler Technologies by 12.5% in the second quarter. American Century Companies Inc. now owns 621 shares of the technology company’s stock worth $368,000 after buying an additional 69 shares in the last quarter. Institutional investors own 93.30% of the company’s stock.
Tyler Technologies Trading Down 4.9%
NYSE TYL opened at $313.52 on Wednesday. The firm’s fifty day simple moving average is $328.41 and its two-hundred day simple moving average is $381.77. Tyler Technologies, Inc. has a 12-month low of $283.71 and a 12-month high of $621.34. The firm has a market capitalization of $13.22 billion, a P/E ratio of 43.30, a P/E/G ratio of 2.22 and a beta of 0.83.
Insider Buying and Selling at Tyler Technologies
In other Tyler Technologies news, COO Jeffrey David Puckett sold 5,174 shares of Tyler Technologies stock in a transaction on Thursday, March 5th. The shares were sold at an average price of $369.93, for a total value of $1,914,017.82. Following the transaction, the chief operating officer directly owned 7,754 shares of the company’s stock, valued at approximately $2,868,437.22. The trade was a 40.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Glenn A. Carter sold 1,624 shares of Tyler Technologies stock in a transaction on Thursday, March 12th. The stock was sold at an average price of $349.14, for a total transaction of $567,003.36. Following the completion of the transaction, the director directly owned 5,298 shares in the company, valued at $1,849,743.72. This represents a 23.46% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 1.10% of the stock is currently owned by insiders.
Wall Street Analyst Weigh In
TYL has been the subject of a number of recent research reports. Weiss Ratings downgraded shares of Tyler Technologies from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, April 24th. Robert W. Baird set a $455.00 price objective on shares of Tyler Technologies in a research note on Friday, May 1st. Barclays boosted their price objective on shares of Tyler Technologies from $410.00 to $420.00 and gave the stock an “overweight” rating in a research note on Friday, May 1st. Cantor Fitzgerald boosted their price objective on shares of Tyler Technologies from $325.00 to $360.00 and gave the stock a “neutral” rating in a research note on Friday, May 1st. Finally, Stifel Nicolaus reduced their price objective on shares of Tyler Technologies from $550.00 to $400.00 and set a “buy” rating for the company in a research note on Friday, February 13th. Twelve investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $468.53.
Check Out Our Latest Report on Tyler Technologies
About Tyler Technologies
Tyler Technologies, Inc is a provider of software and technology services for the public sector, delivering integrated systems that help government and public agencies manage operations, finances and citizen services. Headquartered in Plano, Texas, the company focuses on developing and implementing solutions for local and state governments, school districts, courts and public safety organizations. Its offerings are aimed at modernizing administrative workflows, improving transparency and enabling digital interactions between governments and the communities they serve.
Tyler’s product portfolio spans enterprise resource planning and financial management, tax and billing systems, court case and records management, public safety solutions (including computer-aided dispatch and records management), land and property management, permitting and licensing, and enterprise asset management.
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