Sanctuary Advisors LLC Has $8.51 Million Stake in Tyler Technologies, Inc. (NYSE:TYL)

Sanctuary Advisors LLC lifted its stake in shares of Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 3.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 14,215 shares of the technology company's stock after purchasing an additional 499 shares during the period. Sanctuary Advisors LLC's holdings in Tyler Technologies were worth $8,513,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of TYL. Ashton Thomas Securities LLC acquired a new position in Tyler Technologies in the third quarter valued at approximately $27,000. Sierra Ocean LLC acquired a new position in Tyler Technologies in the fourth quarter valued at about $32,000. Quarry LP bought a new stake in Tyler Technologies in the third quarter valued at approximately $78,000. MassMutual Private Wealth & Trust FSB grew its holdings in shares of Tyler Technologies by 18.4% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 135 shares of the technology company's stock valued at $78,000 after buying an additional 21 shares during the period. Finally, Brooklyn Investment Group bought a new stake in shares of Tyler Technologies in the 3rd quarter valued at $79,000. 93.30% of the stock is owned by institutional investors.

Tyler Technologies Stock Down 2.6 %

Shares of Tyler Technologies stock traded down $16.56 during trading hours on Thursday, reaching $628.12. 249,171 shares of the company's stock were exchanged, compared to its average volume of 245,045. The company has a current ratio of 1.35, a quick ratio of 1.21 and a debt-to-equity ratio of 0.18. The company has a 50 day moving average of $597.46 and a two-hundred day moving average of $595.78. The stock has a market cap of $26.88 billion, a P/E ratio of 103.65, a P/E/G ratio of 5.01 and a beta of 0.78. Tyler Technologies, Inc. has a fifty-two week low of $397.80 and a fifty-two week high of $661.31.

Tyler Technologies (NYSE:TYL - Get Free Report) last issued its quarterly earnings results on Wednesday, February 12th. The technology company reported $1.87 EPS for the quarter, missing the consensus estimate of $2.44 by ($0.57). Tyler Technologies had a net margin of 12.30% and a return on equity of 10.15%. On average, sell-side analysts forecast that Tyler Technologies, Inc. will post 8.52 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

TYL has been the topic of several recent analyst reports. Wells Fargo & Company reiterated 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. JMP Securities boosted their price objective on Tyler Technologies from $580.00 to $700.00 and gave the company a "market outperform" rating in a research report on Friday, October 25th. Robert W. Baird raised their target price on shares of Tyler Technologies from $625.00 to $700.00 and gave the stock an "outperform" rating in a report on Friday, October 25th. Piper Sandler upped their price target on shares of Tyler Technologies from $701.00 to $747.00 and gave the company an "overweight" rating in a report on Friday, February 14th. Finally, Oppenheimer increased their price objective on shares of Tyler Technologies from $625.00 to $700.00 and gave the stock an "outperform" rating in a research report on Friday, October 25th. Three research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $676.25.

Insider Activity at Tyler Technologies

In other news, CFO Brian K. Miller sold 2,500 shares of the firm's stock in a transaction that occurred on Wednesday, December 4th. The stock was 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 directly owns 12,198 shares of the company's stock, valued at $7,709,257.98. This trade represents a 17.01 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider John S. Marr, Jr. sold 6,000 shares of Tyler Technologies stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $633.55, for a total value of $3,801,300.00. Following the transaction, the insider now owns 6,983 shares of the company's stock, valued at $4,424,079.65. This represents a 46.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 30,502 shares of company stock valued at $18,941,368. 2.20% of the stock is owned by corporate insiders.

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.