Tandem Investment Advisors Inc. Has $2.98 Million Stock Position in Tyler Technologies, Inc. (NYSE:TYL)

Tandem Investment Advisors Inc. reduced its stake in shares of Tyler Technologies, Inc. (NYSE:TYL) by 5.7% during the 4th quarter, HoldingsChannel.com reports. The firm owned 7,132 shares of the technology company’s stock after selling 434 shares during the period. Tandem Investment Advisors Inc.’s holdings in Tyler Technologies were worth $2,982,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. American Century Companies Inc. boosted its stake in Tyler Technologies by 13.1% in the first quarter. American Century Companies Inc. now owns 1,328 shares of the technology company’s stock valued at $591,000 after buying an additional 154 shares in the last quarter. Panagora Asset Management Inc. boosted its stake in Tyler Technologies by 69.1% in the first quarter. Panagora Asset Management Inc. now owns 2,431 shares of the technology company’s stock valued at $1,082,000 after buying an additional 993 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in Tyler Technologies by 6.6% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 5,483 shares of the technology company’s stock valued at $2,439,000 after buying an additional 340 shares in the last quarter. Raymond James Trust N.A. boosted its stake in Tyler Technologies by 4.3% in the first quarter. Raymond James Trust N.A. now owns 1,047 shares of the technology company’s stock valued at $466,000 after buying an additional 43 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in Tyler Technologies by 0.8% in the first quarter. Dimensional Fund Advisors LP now owns 118,419 shares of the technology company’s stock valued at $52,683,000 after buying an additional 934 shares in the last quarter. 93.30% of the stock is owned by institutional investors and hedge funds.

Tyler Technologies Trading Up 0.9 %

Shares of TYL traded up $3.62 during mid-day trading on Wednesday, reaching $402.84. 261,778 shares of the company were exchanged, compared to its average volume of 204,301. Tyler Technologies, Inc. has a 52 week low of $361.16 and a 52 week high of $454.74. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.86 and a current ratio of 0.86. The stock has a market capitalization of $17.10 billion, a PE ratio of 102.63, a PEG ratio of 3.94 and a beta of 0.81. The business has a 50 day simple moving average of $425.50 and a two-hundred day simple moving average of $413.64.

Tyler Technologies (NYSE:TYL) last issued its quarterly earnings data on Wednesday, February 14th. The technology company reported $1.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.33 by $0.06. Tyler Technologies had a return on equity of 8.85% and a net margin of 8.50%. The company had revenue of $480.94 million during the quarter, compared to the consensus estimate of $483.34 million. On average, analysts predict that Tyler Technologies, Inc. will post 6.77 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Tyler Technologies news, CEO H Lynn Moore, Jr. sold 7,500 shares of Tyler Technologies stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $435.19, for a total value of $3,263,925.00. Following the completion of the sale, the chief executive officer now directly owns 75,000 shares in the company, valued at $32,639,250. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Tyler Technologies news, insider John S. Marr, Jr. sold 6,500 shares of Tyler Technologies stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $437.49, for a total value of $2,843,685.00. Following the completion of the sale, the insider now directly owns 6,400 shares in the company, valued at $2,799,936. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO H Lynn Moore, Jr. sold 7,500 shares of the firm’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $435.19, for a total value of $3,263,925.00. Following the completion of the sale, the chief executive officer now directly owns 75,000 shares of the company’s stock, valued at approximately $32,639,250. The disclosure for this sale can be found here. Over the last three months, insiders sold 50,608 shares of company stock worth $21,974,819. 1.50% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on TYL. JMP Securities reaffirmed a “market outperform” rating and issued a $490.00 price objective on shares of Tyler Technologies in a research note on Friday, February 16th. DA Davidson increased their target price on Tyler Technologies from $412.00 to $434.00 and gave the company a “neutral” rating in a research report on Thursday, February 22nd. JPMorgan Chase & Co. increased their target price on Tyler Technologies from $500.00 to $526.00 and gave the company an “overweight” rating in a research report on Thursday, February 15th. Needham & Company LLC increased their target price on Tyler Technologies from $475.00 to $500.00 and gave the company a “buy” rating in a research report on Thursday, February 15th. Finally, Piper Sandler increased their target price on Tyler Technologies from $480.00 to $520.00 and gave the company an “overweight” rating in a research report on Friday, February 16th. Three investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $457.86.

About Tyler Technologies

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.