Sanctuary Advisors LLC Has $1.40 Million Stock Position in Tyler Technologies, Inc. $TYL

Sanctuary Advisors LLC reduced its position in shares of Tyler Technologies, Inc. (NYSE:TYL) by 78.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,090 shares of the technology company’s stock after selling 10,962 shares during the quarter. Sanctuary Advisors LLC’s holdings in Tyler Technologies were worth $1,403,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in TYL. Salomon & Ludwin LLC raised its stake in shares of Tyler Technologies by 6,100.0% in the fourth quarter. Salomon & Ludwin LLC now owns 62 shares of the technology company’s stock worth $27,000 after purchasing an additional 61 shares during the last quarter. Root Financial Partners LLC purchased a new stake in shares of Tyler Technologies in the third quarter worth approximately $28,000. Advisors Asset Management Inc. purchased a new stake in shares of Tyler Technologies in the first quarter worth approximately $38,000. Geneos Wealth Management Inc. raised its stake in shares of Tyler Technologies by 137.9% in the first quarter. Geneos Wealth Management Inc. now owns 69 shares of the technology company’s stock worth $40,000 after purchasing an additional 40 shares during the last quarter. Finally, Quent Capital LLC purchased a new stake in shares of Tyler Technologies in the third quarter worth approximately $49,000. 93.30% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Glenn A. Carter sold 1,624 shares of the company’s stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of $349.14, for a total value of $567,003.36. Following the completion of the transaction, the director directly owned 5,298 shares of the company’s stock, valued at $1,849,743.72. This represents a 23.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Andrew D. Teed bought 1,600 shares of Tyler Technologies stock in a transaction dated Monday, February 23rd. The stock was acquired at an average cost of $309.91 per share, with a total value of $495,856.00. Following the completion of the acquisition, the director owned 5,118 shares of the company’s stock, valued at $1,586,119.38. This represents a 45.48% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders sold a total of 7,298 shares of company stock valued at $2,658,721 over the last quarter. Corporate insiders own 1.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. BTIG Research lowered their price objective on Tyler Technologies from $470.00 to $420.00 and set a “buy” rating for the company in a research note on Friday, April 10th. TD Cowen lowered their price objective on Tyler Technologies from $600.00 to $500.00 and set a “buy” rating for the company in a research note on Friday, February 13th. The Goldman Sachs Group set a $420.00 price objective on Tyler Technologies in a research note on Friday, February 13th. Wells Fargo & Company lowered their price objective on Tyler Technologies from $420.00 to $335.00 and set an “equal weight” rating for the company in a research note on Friday, February 13th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $750.00 price objective on shares of Tyler Technologies in a research note on Tuesday, February 3rd. Twelve analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $468.53.

Tyler Technologies Stock Down 2.3%

TYL stock opened at $327.71 on Tuesday. The firm has a market cap of $13.82 billion, a PE ratio of 45.26, a P/E/G ratio of 2.25 and a beta of 0.86. The business has a 50 day moving average of $342.47 and a 200-day moving average of $406.38. Tyler Technologies, Inc. has a 12-month low of $283.71 and a 12-month high of $621.34.

Tyler Technologies (NYSE:TYL) last released its earnings results on Wednesday, April 29th. The technology company reported $3.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.01 by $0.08. The company had revenue of $613.50 million during the quarter, compared to analyst estimates of $608.66 million. Tyler Technologies had a return on equity of 10.74% and a net margin of 13.26%.Tyler Technologies’s quarterly revenue was up 8.5% on a year-over-year basis. During the same period in the prior year, the company posted $2.78 earnings per share. Tyler Technologies has set its FY 2026 guidance at 12.500-12.750 EPS. On average, research analysts expect that Tyler Technologies, Inc. will post 9.93 earnings per share for the current year.

About Tyler Technologies

Tyler Technologies, Inc is a provider of software and technology services for the public sector, delivering integrated systems that help government and public agencies manage operations, finances and citizen services. Headquartered in Plano, Texas, the company focuses on developing and implementing solutions for local and state governments, school districts, courts and public safety organizations. Its offerings are aimed at modernizing administrative workflows, improving transparency and enabling digital interactions between governments and the communities they serve.

Tyler’s product portfolio spans enterprise resource planning and financial management, tax and billing systems, court case and records management, public safety solutions (including computer-aided dispatch and records management), land and property management, permitting and licensing, and enterprise asset management.