Sanctuary Advisors LLC Has $8.35 Million Holdings in Tyler Technologies, Inc. (NYSE:TYL)

Sanctuary Advisors LLC increased its stake in Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 411.0% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 13,716 shares of the technology company's stock after acquiring an additional 11,032 shares during the quarter. Sanctuary Advisors LLC's holdings in Tyler Technologies were worth $8,354,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. International Assets Investment Management LLC raised its stake in Tyler Technologies by 252,047.5% during the 3rd quarter. International Assets Investment Management LLC now owns 307,620 shares of the technology company's stock valued at $179,564,000 after purchasing an additional 307,498 shares during the period. FMR LLC grew its holdings in shares of Tyler Technologies by 94.1% during the third quarter. FMR LLC now owns 109,319 shares of the technology company's stock valued at $63,812,000 after buying an additional 52,984 shares in the last quarter. Westwind Capital lifted its stake in Tyler Technologies by 7,614.0% in the 3rd quarter. Westwind Capital now owns 46,361 shares of the technology company's stock worth $27,062,000 after acquiring an additional 45,760 shares in the last quarter. LMR Partners LLP purchased a new position in Tyler Technologies during the 3rd quarter valued at about $23,383,000. Finally, Robeco Institutional Asset Management B.V. boosted its holdings in shares of Tyler Technologies by 626.3% during the third quarter. Robeco Institutional Asset Management B.V. now owns 42,450 shares of the technology company's stock worth $24,779,000 after purchasing an additional 36,605 shares during the period. 93.30% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Oppenheimer upped their price objective on shares of Tyler Technologies from $625.00 to $700.00 and gave the company an "outperform" rating in a research note on Friday, October 25th. Piper Sandler upped their price target on shares of Tyler Technologies from $625.00 to $701.00 and gave the stock an "overweight" rating in a research note on Friday, October 25th. StockNews.com downgraded Tyler Technologies from a "buy" rating to a "hold" rating in a research note on Friday, December 6th. Truist Financial reaffirmed a "buy" rating and issued a $685.00 target price (up from $600.00) on shares of Tyler Technologies in a research report on Friday, October 25th. Finally, DA Davidson lifted their price target on Tyler Technologies from $525.00 to $550.00 and gave the company a "neutral" rating in a report on Thursday, October 17th. Three equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, Tyler Technologies presently has a consensus rating of "Moderate Buy" and an average price target of $642.62.

Insider Buying and Selling at Tyler Technologies

In other Tyler Technologies news, insider John S. Marr, Jr. sold 6,000 shares of the company's 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 completion of 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 position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Brian K. Miller sold 2,500 shares of Tyler Technologies 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 sale, the chief financial officer now directly owns 12,198 shares in the company, valued at $7,709,257.98. The trade was a 17.01 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 35,500 shares of company stock valued at $21,952,888 in the last 90 days. 2.20% of the stock is currently owned by insiders.

Tyler Technologies Stock Performance

Shares of NYSE:TYL traded down $16.59 during trading on Friday, reaching $611.65. The stock had a trading volume of 199,972 shares, compared to its average volume of 282,913. The stock has a fifty day simple moving average of $608.72 and a two-hundred day simple moving average of $566.12. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.18. Tyler Technologies, Inc. has a 52 week low of $397.80 and a 52 week high of $638.56. The firm has a market capitalization of $26.18 billion, a price-to-earnings ratio of 111.62, a P/E/G ratio of 5.54 and a beta of 0.76.

Tyler Technologies (NYSE:TYL - Get Free Report) last released its earnings results on Wednesday, October 23rd. The technology company reported $2.52 earnings per share for the quarter, topping analysts' consensus estimates of $2.43 by $0.09. The firm had revenue of $543.34 million during the quarter, compared to analyst estimates of $547.34 million. Tyler Technologies had a net margin of 11.39% and a return on equity of 9.79%. The business's revenue was up 9.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.66 EPS. As a group, analysts anticipate that Tyler Technologies, Inc. will post 7.36 earnings per share for the current fiscal 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.