Sanctuary Advisors LLC Sells 10,962 Shares of Tyler Technologies, Inc. $TYL

Key Points

• Sanctuary Advisors LLC cut its stake in Tyler Technologies by 78% in Q4, selling 10,962 shares and leaving 3,090 shares valued at $1.403 million.
• Insider activity: Director Andrew D. Teed bought 1,600 shares at $309.91 (a 45.5% increase in his holdings) while COO Jeffrey D. Puckett sold 5,174 shares at $369.93; insiders sold 7,298 shares worth about $2.66 million in the last quarter.
• Tyler reported EPS of $3.09 (vs. $3.01 est.) and revenue of $613.5M (up 8.5%), set FY2026 guidance of $12.50–$12.75 EPS, and holds a consensus analyst rating of "Moderate Buy" with a $468.53 price target.

Sanctuary Advisors LLC lessened its stake in Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 78.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,090 shares of the technology company's stock after selling 10,962 shares during the period. Sanctuary Advisors LLC's holdings in Tyler Technologies were worth $1,403,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Root Financial Partners LLC bought a new stake in shares of Tyler Technologies in the 3rd quarter valued at about $28,000. Salomon & Ludwin LLC grew its position in shares of Tyler Technologies by 6,100.0% in the 4th quarter. Salomon & Ludwin LLC now owns 62 shares of the technology company's stock valued at $27,000 after buying an additional 61 shares during the last quarter. Advisors Asset Management Inc. bought a new stake in shares of Tyler Technologies in the 1st quarter valued at about $38,000. Geneos Wealth Management Inc. grew its position in shares of Tyler Technologies by 137.9% in the 1st quarter. Geneos Wealth Management Inc. now owns 69 shares of the technology company's stock valued at $40,000 after buying an additional 40 shares during the last quarter. Finally, Quent Capital LLC bought a new stake in shares of Tyler Technologies in the 3rd quarter valued at about $49,000. Institutional investors own 93.30% of the company's stock.

Insider Buying and Selling at Tyler Technologies

In other news, Director Andrew D. Teed purchased 1,600 shares of the company's stock in a transaction that occurred on Monday, February 23rd. The shares were acquired at an average cost of $309.91 per share, with a total value of $495,856.00. Following the purchase, the director owned 5,118 shares in the company, valued at $1,586,119.38. This represents a 45.48% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, COO Jeffrey David Puckett sold 5,174 shares of the company's stock in a transaction that occurred on Thursday, March 5th. The stock was sold at an average price of $369.93, for a total value of $1,914,017.82. Following the transaction, the chief operating officer directly owned 7,754 shares in the company, valued at approximately $2,868,437.22. This trade represents a 40.02% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 7,298 shares of company stock worth $2,658,721 in the last quarter. Company insiders own 1.10% of the company's stock.

Tyler Technologies Price Performance

Shares of Tyler Technologies stock opened at $327.71 on Tuesday. Tyler Technologies, Inc. has a one year low of $283.71 and a one year high of $621.34. The stock's 50-day moving average is $342.47 and its 200 day moving average is $406.38. The firm has a market cap of $13.82 billion, a price-to-earnings ratio of 45.26, a PEG ratio of 2.25 and a beta of 0.86.

Tyler Technologies (NYSE:TYL - Get Free Report) last announced its earnings results on Wednesday, April 29th. The technology company reported $3.09 EPS for the quarter, beating the consensus estimate of $3.01 by $0.08. Tyler Technologies had a return on equity of 10.74% and a net margin of 13.26%.The company had revenue of $613.50 million for the quarter, compared to analyst estimates of $608.66 million. During the same quarter in the prior year, the company earned $2.78 EPS. The firm's revenue for the quarter was up 8.5% compared to the same quarter last year. Tyler Technologies has set its FY 2026 guidance at 12.500-12.750 EPS. On average, sell-side analysts expect that Tyler Technologies, Inc. will post 9.93 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have commented on TYL. Needham & Company LLC reiterated a "buy" rating and issued a $750.00 price target on shares of Tyler Technologies in a research report on Tuesday, February 3rd. Wells Fargo & Company reduced their price target on Tyler Technologies from $420.00 to $335.00 and set an "equal weight" rating on the stock in a research report on Friday, February 13th. DA Davidson reiterated a "buy" rating and issued a $460.00 price target on shares of Tyler Technologies in a research report on Monday. The Goldman Sachs Group set a $420.00 price target on Tyler Technologies in a research report on Friday, February 13th. Finally, Cantor Fitzgerald upped their target price on Tyler Technologies from $325.00 to $360.00 and gave the company a "neutral" rating in a research report on Friday. Twelve equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $468.53.

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.

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