Tyler Technologies, Inc. (NYSE:TYL) Holdings Increased by Sanctuary Advisors LLC

Sanctuary Advisors LLC lifted its stake in Tyler Technologies, Inc. (NYSE:TYL) by 411.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 13,716 shares of the technology company’s stock after acquiring an additional 11,032 shares during the period. Sanctuary Advisors LLC’s holdings in Tyler Technologies were worth $8,354,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Independence Bank of Kentucky acquired a new stake in Tyler Technologies in the second quarter worth approximately $25,000. Ashton Thomas Securities LLC bought a new stake in shares of Tyler Technologies in the 3rd quarter worth $27,000. Blue Trust Inc. lifted its holdings in shares of Tyler Technologies by 329.4% in the second quarter. Blue Trust Inc. now owns 73 shares of the technology company’s stock valued at $37,000 after buying an additional 56 shares during the period. International Assets Investment Management LLC acquired a new stake in shares of Tyler Technologies in the second quarter valued at $61,000. Finally, Tobam bought a new position in Tyler Technologies during the third quarter valued at about $78,000. 93.30% of the stock is currently owned by institutional investors.

Insider Transactions at Tyler Technologies

In related news, insider John S. Marr, Jr. sold 6,000 shares of the 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 in the company, valued at approximately $4,424,079.65. This represents a 46.21 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO H Lynn Moore, Jr. sold 6,250 shares of Tyler Technologies stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $605.82, for a total transaction of $3,786,375.00. Following the completion of the sale, the chief executive officer now owns 75,000 shares of the company’s stock, valued at $45,436,500. This trade represents a 7.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 35,500 shares of company stock valued at $21,952,888. 2.20% of the stock is owned by insiders.

Tyler Technologies Trading Down 2.6 %

NYSE:TYL opened at $611.65 on Friday. The stock has a market cap of $26.18 billion, a PE ratio of 111.61, a price-to-earnings-growth ratio of 5.66 and a beta of 0.76. Tyler Technologies, Inc. has a fifty-two week low of $397.80 and a fifty-two week high of $638.56. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.21 and a quick ratio of 1.21. The stock’s 50-day moving average is $608.72 and its two-hundred day moving average is $566.12.

Tyler Technologies (NYSE:TYL) last announced its quarterly earnings data on Wednesday, October 23rd. The technology company reported $2.52 EPS for the quarter, beating analysts’ consensus estimates of $2.43 by $0.09. Tyler Technologies had a net margin of 11.39% and a return on equity of 9.79%. The firm had revenue of $543.34 million for the quarter, compared to the consensus estimate of $547.34 million. During the same period in the previous year, the firm posted $1.66 earnings per share. The firm’s revenue was up 9.8% on a year-over-year basis. As a group, equities research analysts forecast that Tyler Technologies, Inc. will post 7.36 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have commented on TYL. Oppenheimer boosted their price target 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. JMP Securities increased their target price on shares of Tyler Technologies from $580.00 to $700.00 and gave the company a “market outperform” rating in a research note on Friday, October 25th. DA Davidson raised their target price on shares of Tyler Technologies from $525.00 to $550.00 and gave the stock a “neutral” rating in a report on Thursday, October 17th. Needham & Company LLC upped their price target on Tyler Technologies from $600.00 to $700.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. Finally, Barclays raised their price objective on Tyler Technologies from $700.00 to $705.00 and gave the stock an “overweight” rating in a research note on Friday, October 25th. Three equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, Tyler Technologies presently has an average rating of “Moderate Buy” and a consensus target price of $642.62.

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.