Sandhill Capital Partners LLC Cuts Stock Position in Tyler Technologies, Inc. (NYSE:TYL)

Sandhill Capital Partners LLC reduced its stake in Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 6.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 93,909 shares of the technology company's stock after selling 6,696 shares during the period. Tyler Technologies makes up about 4.2% of Sandhill Capital Partners LLC's holdings, making the stock its 6th largest holding. Sandhill Capital Partners LLC owned 0.22% of Tyler Technologies worth $54,152,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of TYL. Larson Financial Group LLC lifted its stake 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 valued at $26,000 after acquiring an additional 31 shares during the last quarter. Sierra Ocean LLC bought a new stake in Tyler Technologies during the 4th quarter valued at about $32,000. Brown Brothers Harriman & Co. lifted its holdings in shares of Tyler Technologies by 300.0% during the fourth quarter. Brown Brothers Harriman & Co. now owns 56 shares of the technology company's stock valued at $32,000 after purchasing an additional 42 shares in the last quarter. OFI Invest Asset Management bought a new stake in Tyler Technologies in the 4th quarter worth approximately $41,000. Finally, Smithfield Trust Co increased its position in shares of Tyler Technologies by 55.6% during the 4th quarter. Smithfield Trust Co now owns 84 shares of the technology company's stock valued at $48,000 after purchasing an additional 30 shares during the last quarter. 93.30% of the stock is currently owned by hedge funds and other institutional investors.

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Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on TYL shares. Needham & Company LLC restated a "buy" rating and issued a $700.00 price objective on shares of Tyler Technologies in a research report on Tuesday, January 21st. Barclays upped their price objective on Tyler Technologies from $705.00 to $715.00 and gave the company an "overweight" rating in a research report on Friday, February 14th. StockNews.com lowered Tyler Technologies from a "buy" rating to a "hold" rating in a research note on Friday. DA Davidson reissued a "neutral" rating and set a $575.00 price target on shares of Tyler Technologies in a research report on Thursday, January 30th. Finally, The Goldman Sachs Group boosted their target price on shares of Tyler Technologies from $660.00 to $728.00 and gave the stock a "buy" rating in a research report on Tuesday, February 18th. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $676.25.

Insider Buying and Selling

In other news, insider John S. Marr, Jr. sold 6,000 shares of the stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $619.00, for a total transaction of $3,714,000.00. Following the transaction, the insider now owns 6,983 shares of the company's stock, valued at $4,322,477. This represents a 46.21 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Brian K. Miller sold 1,550 shares of the stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $613.58, for a total value of $951,049.00. Following the completion of the sale, the chief financial officer now directly owns 14,026 shares of the company's stock, valued at approximately $8,606,073.08. This trade represents a 9.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 14,064 shares of company stock worth $8,688,030. Corporate insiders own 2.20% of the company's stock.

Tyler Technologies Price Performance

Tyler Technologies stock traded up $10.83 during mid-day trading on Friday, hitting $568.42. 209,332 shares of the company were exchanged, compared to its average volume of 253,686. Tyler Technologies, Inc. has a 1-year low of $397.80 and a 1-year high of $661.31. The company has a market capitalization of $24.50 billion, a PE ratio of 93.80, a price-to-earnings-growth ratio of 4.93 and a beta of 0.84. The company has a quick ratio of 1.21, a current ratio of 1.35 and a debt-to-equity ratio of 0.18. The business has a fifty day moving average of $590.08 and a 200 day moving average of $595.60.

Tyler Technologies (NYSE:TYL - Get Free Report) last released its earnings results on Wednesday, February 12th. The technology company reported $1.87 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.44 by ($0.57). Tyler Technologies had a return on equity of 10.15% and a net margin of 12.30%. As a group, sell-side analysts expect that Tyler Technologies, Inc. will post 8.52 earnings per share 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.