Tyler Technologies, Inc. (NYSE:TYL) Shares Sold by Sandhill Capital Partners LLC

Sandhill Capital Partners LLC reduced its stake in shares of Tyler Technologies, Inc. (NYSE:TYL) by 0.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 111,725 shares of the technology company’s stock after selling 77 shares during the quarter. Tyler Technologies accounts for 3.9% of Sandhill Capital Partners LLC’s portfolio, making the stock its 10th largest position. Sandhill Capital Partners LLC owned about 0.27% of Tyler Technologies worth $46,715,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently bought and sold shares of the company. Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in shares of Tyler Technologies in the fourth quarter valued at $31,000. Lindbrook Capital LLC increased its stake in shares of Tyler Technologies by 50.6% in the fourth quarter. Lindbrook Capital LLC now owns 116 shares of the technology company’s stock valued at $49,000 after buying an additional 39 shares in the last quarter. Chilton Capital Management LLC acquired a new stake in shares of Tyler Technologies in the fourth quarter valued at $52,000. Column Capital Advisors LLC increased its stake in shares of Tyler Technologies by 50.5% in the third quarter. Column Capital Advisors LLC now owns 146 shares of the technology company’s stock valued at $56,000 after buying an additional 49 shares in the last quarter. Finally, Headinvest LLC acquired a new stake in shares of Tyler Technologies in the third quarter valued at $78,000. 93.30% of the stock is currently owned by institutional investors and hedge funds.

Tyler Technologies Stock Up 9.4 %

Tyler Technologies stock traded up $39.45 during midday trading on Thursday, reaching $458.45. The stock had a trading volume of 503,041 shares, compared to its average volume of 210,935. The firm’s fifty day simple moving average is $422.28 and its 200-day simple moving average is $414.52. Tyler Technologies, Inc. has a 1-year low of $361.16 and a 1-year high of $464.81. The stock has a market capitalization of $19.46 billion, a P/E ratio of 117.85, a price-to-earnings-growth ratio of 4.12 and a beta of 0.81. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.86 and a current ratio of 0.86.

Tyler Technologies (NYSE:TYL) last announced its earnings results on Wednesday, February 14th. The technology company reported $1.39 earnings per share (EPS) for the quarter, beating 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 business had revenue of $480.94 million for the quarter, compared to analyst estimates of $483.34 million. As a group, analysts expect that Tyler Technologies, Inc. will post 6.77 EPS for the current fiscal year.

Insiders Place Their Bets

In other Tyler Technologies news, insider John S. Marr, Jr. sold 6,500 shares of the business’s stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $427.82, for a total transaction of $2,780,830.00. Following the transaction, the insider now owns 6,400 shares of the company’s stock, valued at approximately $2,738,048. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Tyler Technologies news, insider John S. Marr, Jr. sold 6,500 shares of the business’s stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $427.82, for a total transaction of $2,780,830.00. Following the transaction, the insider now owns 6,400 shares of the company’s stock, valued at approximately $2,738,048. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Glenn A. Carter sold 1,650 shares of the business’s stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $437.84, for a total value of $722,436.00. Following the transaction, the director now directly owns 2,011 shares in the company, valued at approximately $880,496.24. The disclosure for this sale can be found here. Insiders have sold 50,608 shares of company stock valued at $21,974,819 in the last 90 days. 2.20% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

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

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.