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

Tandem Investment Advisors Inc. decreased its holdings in Tyler Technologies, Inc. (NYSE:TYL) by 5.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). 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 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the business. Daiwa Securities Group Inc. boosted its position in Tyler Technologies by 13.9% during the fourth quarter. Daiwa Securities Group Inc. now owns 3,941 shares of the technology company’s stock worth $1,648,000 after purchasing an additional 481 shares during the period. Duncker Streett & Co. Inc. boosted its position in Tyler Technologies by 44.8% during the fourth quarter. Duncker Streett & Co. Inc. now owns 1,788 shares of the technology company’s stock worth $748,000 after purchasing an additional 553 shares during the period. Everence Capital Management Inc. boosted its position in Tyler Technologies by 63.0% during the fourth quarter. Everence Capital Management Inc. now owns 2,690 shares of the technology company’s stock worth $1,125,000 after purchasing an additional 1,040 shares during the period. LifePlan Financial LLC bought a new stake in shares of Tyler Technologies in the fourth quarter valued at approximately $485,000. Finally, Mackenzie Financial Corp boosted its position in shares of Tyler Technologies by 7.1% in the fourth quarter. Mackenzie Financial Corp now owns 2,619 shares of the technology company’s stock valued at $1,095,000 after acquiring an additional 173 shares during the period. Institutional investors and hedge funds own 93.30% of the company’s stock.

Insiders Place Their Bets

In other news, insider John S. Marr, Jr. sold 6,500 shares of the firm’s stock in a transaction 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 accessible through this link. In other news, CEO H Lynn Moore, Jr. sold 7,500 shares of the firm’s stock in a transaction 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 accessible through this link. Also, insider John S. Marr, Jr. sold 6,500 shares of the firm’s stock in a transaction on Friday, February 23rd. The shares were 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 owns 6,400 shares of the company’s stock, valued at $2,799,936. The disclosure for this sale can be found here. Insiders sold 50,608 shares of company stock worth $21,974,819 over the last three months. 1.50% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on TYL shares. Needham & Company LLC increased their price objective on Tyler Technologies from $475.00 to $500.00 and gave the company a “buy” rating in a research report on Thursday, February 15th. JPMorgan Chase & Co. increased their price objective on Tyler Technologies from $500.00 to $526.00 and gave the company an “overweight” rating in a research report on Thursday, February 15th. JMP Securities reissued a “market outperform” rating and issued a $490.00 price objective on shares of Tyler Technologies in a research report on Friday, February 16th. DA Davidson increased their price objective on Tyler Technologies from $412.00 to $434.00 and gave the company a “neutral” rating in a research report on Thursday, February 22nd. Finally, Piper Sandler increased their price objective 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 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 has an average rating of “Moderate Buy” and a consensus target price of $457.86.

Tyler Technologies Price Performance

Tyler Technologies stock traded up $3.62 during mid-day trading on Wednesday, hitting $402.84. 261,778 shares of the company were exchanged, compared to its average volume of 204,301. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.20. The business has a fifty day moving average of $425.50 and a 200 day moving average of $413.64. Tyler Technologies, Inc. has a 1-year low of $361.16 and a 1-year high of $454.74. The company has a market capitalization of $17.10 billion, a PE ratio of 102.63, a price-to-earnings-growth ratio of 3.94 and a beta of 0.81.

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

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.