Sanctuary Advisors LLC Increases Stock Holdings in Tyler Technologies, Inc. (NYSE:TYL)

Sanctuary Advisors LLC boosted 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 & Exchange Commission. The firm owned 13,716 shares of the technology company’s stock after acquiring an additional 11,032 shares during the quarter. Sanctuary Advisors LLC’s holdings in Tyler Technologies were worth $8,354,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of TYL. International Assets Investment Management LLC boosted its stake in shares of Tyler Technologies by 252,047.5% in the third quarter. International Assets Investment Management LLC now owns 307,620 shares of the technology company’s stock valued at $179,564,000 after purchasing an additional 307,498 shares during the period. FMR LLC lifted its holdings in Tyler Technologies by 94.1% in the 3rd quarter. FMR LLC now owns 109,319 shares of the technology company’s stock worth $63,812,000 after buying an additional 52,984 shares in the last quarter. Westwind Capital lifted its holdings in Tyler Technologies by 7,614.0% in the 3rd quarter. Westwind Capital now owns 46,361 shares of the technology company’s stock worth $27,062,000 after buying an additional 45,760 shares in the last quarter. LMR Partners LLP purchased a new position in Tyler Technologies in the 3rd quarter valued at about $23,383,000. Finally, Robeco Institutional Asset Management B.V. grew its stake in shares of Tyler Technologies by 626.3% during the third quarter. Robeco Institutional Asset Management B.V. now owns 42,450 shares of the technology company’s stock valued at $24,779,000 after acquiring an additional 36,605 shares in the last quarter. Institutional investors and hedge funds own 93.30% of the company’s stock.

Tyler Technologies Stock Performance

Shares of NYSE TYL opened at $611.65 on Friday. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.18. The firm’s 50-day moving average price is $608.72 and its two-hundred day moving average price is $566.12. Tyler Technologies, Inc. has a 52-week low of $397.80 and a 52-week high of $638.56. The stock has a market capitalization of $26.18 billion, a P/E ratio of 111.61, a P/E/G ratio of 5.66 and a beta of 0.76.

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

Wall Street Analyst Weigh In

TYL has been the topic of several recent analyst reports. Robert W. Baird boosted their price target on Tyler Technologies from $625.00 to $700.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. Needham & Company LLC upped their target price on Tyler Technologies from $600.00 to $700.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Barclays raised their price target on shares of Tyler Technologies from $700.00 to $705.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. Oppenheimer upped their price target on shares of Tyler Technologies from $625.00 to $700.00 and gave the company an “outperform” rating in a report on Friday, October 25th. Finally, StockNews.com downgraded shares of Tyler Technologies from a “buy” rating to a “hold” rating in a research note on Friday, December 6th. Three research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $642.62.

Insider Activity

In other Tyler Technologies news, CEO H Lynn Moore, Jr. sold 6,250 shares of the business’s stock in a transaction dated 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 transaction, the chief executive officer now directly owns 75,000 shares of the company’s stock, valued at $45,436,500. The trade was a 7.69 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Brian K. Miller sold 2,500 shares of the company’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $624.41, for a total transaction of $1,561,025.00. Following the completion of the transaction, the chief financial officer now owns 11,950 shares of the company’s stock, valued at approximately $7,461,699.50. This trade represents a 17.30 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 35,500 shares of company stock valued at $21,952,888. 2.20% of the stock is currently owned by company insiders.

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.