Tyler Technologies, Inc. (NYSE:TYL) is Sandhill Capital Partners LLC’s 10th Largest Position

Sandhill Capital Partners LLC reduced its position in Tyler Technologies, Inc. (NYSE:TYL) by 0.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 111,725 shares of the technology company’s stock after selling 77 shares during the quarter. Tyler Technologies makes up about 3.9% of Sandhill Capital Partners LLC’s holdings, making the stock its 10th largest position. Sandhill Capital Partners LLC’s holdings in Tyler Technologies were worth $46,715,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. CWM LLC boosted its holdings in shares of Tyler Technologies by 18.0% in the third quarter. CWM LLC now owns 517 shares of the technology company’s stock worth $200,000 after acquiring an additional 79 shares during the period. AE Wealth Management LLC boosted its holdings in shares of Tyler Technologies by 23.3% in the third quarter. AE Wealth Management LLC now owns 4,518 shares of the technology company’s stock worth $1,745,000 after acquiring an additional 854 shares during the period. SG Americas Securities LLC boosted its holdings in shares of Tyler Technologies by 3.3% in the third quarter. SG Americas Securities LLC now owns 3,553 shares of the technology company’s stock worth $1,372,000 after acquiring an additional 114 shares during the period. Czech National Bank boosted its holdings in shares of Tyler Technologies by 48.2% in the third quarter. Czech National Bank now owns 7,354 shares of the technology company’s stock worth $2,840,000 after acquiring an additional 2,391 shares during the period. Finally, Handelsbanken Fonder AB boosted its holdings in shares of Tyler Technologies by 16.9% in the third quarter. Handelsbanken Fonder AB now owns 172,071 shares of the technology company’s stock worth $66,443,000 after acquiring an additional 24,920 shares during the period. 93.30% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Tyler Technologies

In other news, insider John S. Marr, Jr. sold 6,500 shares of Tyler Technologies stock in a transaction dated 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 transaction, the insider now owns 6,400 shares in the company, valued at $2,799,936. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, insider John S. Marr, Jr. sold 6,500 shares of the business’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $437.49, for a total transaction of $2,843,685.00. Following the transaction, the insider now owns 6,400 shares in the company, valued at approximately $2,799,936. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO H Lynn Moore, Jr. sold 7,500 shares of the business’s stock in a transaction dated 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 transaction, the chief executive officer now owns 75,000 shares in the company, valued at approximately $32,639,250. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 50,608 shares of company stock worth $21,974,819. Company insiders own 2.20% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on TYL. JMP Securities reissued a “market outperform” rating and set a $490.00 price objective on shares of Tyler Technologies in a research note on Friday, February 16th. DA Davidson lifted their price objective on Tyler Technologies from $412.00 to $434.00 and gave the company a “neutral” rating in a research note on Thursday, February 22nd. Piper Sandler reissued an “overweight” rating and set a $520.00 price objective on shares of Tyler Technologies in a research note on Wednesday. JPMorgan Chase & Co. lifted their price objective on Tyler Technologies from $500.00 to $526.00 and gave the company an “overweight” rating in a research note on Thursday, February 15th. Finally, Needham & Company LLC reissued a “buy” rating and set a $500.00 price objective on shares of Tyler Technologies in a research note on Thursday. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $460.46.

Tyler Technologies Trading Up 9.4 %

Shares of TYL traded up $39.45 during trading hours on Thursday, hitting $458.45. The company had a trading volume of 503,041 shares, compared to its average volume of 210,935. The firm has a market cap of $19.46 billion, a P/E ratio of 117.85, a P/E/G ratio of 4.12 and a beta of 0.81. The stock’s 50 day moving average price is $422.28 and its 200 day moving average price is $414.52. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.20. Tyler Technologies, Inc. has a 52-week low of $361.16 and a 52-week high of $464.81.

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

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.