Tyler Technologies, Inc. $TYL is Sandhill Capital Partners LLC's 6th Largest Position

Key Points

• Sandhill Capital Partners LLC has reduced its stake in Tyler Technologies, Inc. by 4.8%, now owning 89,366 shares valued at approximately $51.96 million.
• Tyler Technologies reported earnings of $2.91 EPS for the last quarter, surpassing estimates, with a year-over-year revenue increase of 10.2%.
• Insider trading activity includes significant sales by executives, with 28,102 shares sold recently, indicating a 36% decrease in ownership for one insider.

Sandhill Capital Partners LLC cut its position in shares of Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 4.8% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 89,366 shares of the technology company's stock after selling 4,543 shares during the quarter. Tyler Technologies accounts for 4.3% of Sandhill Capital Partners LLC's portfolio, making the stock its 6th largest position. Sandhill Capital Partners LLC owned about 0.21% of Tyler Technologies worth $51,957,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in the business. Retirement Wealth Solutions LLC bought a new stake in shares of Tyler Technologies during the 1st quarter worth $26,000. Mowery & Schoenfeld Wealth Management LLC grew its stake in shares of Tyler Technologies by 820.0% in the first quarter. Mowery & Schoenfeld Wealth Management LLC now owns 46 shares of the technology company's stock worth $27,000 after acquiring an additional 41 shares during the last quarter. Cornerstone Planning Group LLC grew its stake in shares of Tyler Technologies by 221.1% in the first quarter. Cornerstone Planning Group LLC now owns 61 shares of the technology company's stock worth $35,000 after acquiring an additional 42 shares during the last quarter. Zions Bancorporation National Association UT bought a new position in Tyler Technologies in the first quarter worth $38,000. Finally, Kapitalo Investimentos Ltda bought a new position in Tyler Technologies in the fourth quarter worth $40,000. Institutional investors and hedge funds own 93.30% of the company's stock.

Insider Buying and Selling

In related news, insider Abigail Marshall Diaz-Pedrosa sold 375 shares of Tyler Technologies stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $573.60, for a total transaction of $215,100.00. Following the sale, the insider directly owned 247 shares in the company, valued at approximately $141,679.20. This trade represents a 60.29% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO H Lynn Moore, Jr. sold 5,250 shares of the business's stock in a transaction on Monday, August 11th. The shares were sold at an average price of $588.89, for a total value of $3,091,672.50. Following the completion of the sale, the chief executive officer owned 81,775 shares in the company, valued at approximately $48,156,479.75. The trade was a 6.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 20,769 shares of company stock worth $12,134,207. 1.10% of the stock is owned by company insiders.

Tyler Technologies Stock Performance

Shares of TYL stock traded down $6.1370 on Friday, hitting $560.5330. The company had a trading volume of 337,302 shares, compared to its average volume of 399,211. The firm has a market cap of $24.25 billion, a P/E ratio of 80.08, a P/E/G ratio of 4.35 and a beta of 0.85. The stock's 50-day moving average is $575.29 and its two-hundred day moving average is $577.24. Tyler Technologies, Inc. has a twelve month low of $513.52 and a twelve month high of $661.31.

Tyler Technologies (NYSE:TYL - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The technology company reported $2.91 EPS for the quarter, beating analysts' consensus estimates of $2.78 by $0.13. Tyler Technologies had a return on equity of 10.34% and a net margin of 13.66%.The firm had revenue of $584.01 million during the quarter, compared to analysts' expectations of $587.59 million. During the same quarter last year, the firm posted $2.40 earnings per share. The company's revenue for the quarter was up 10.2% compared to the same quarter last year. Tyler Technologies has set its FY 2025 guidance at 11.200-11.500 EPS. Equities research analysts predict that Tyler Technologies, Inc. will post 8.52 EPS for the current year.

Analyst Ratings Changes

TYL has been the subject of a number of analyst reports. Barclays lifted their price objective on Tyler Technologies from $695.00 to $715.00 and gave the company an "overweight" rating in a report on Thursday, July 31st. DA Davidson set a $585.00 price target on Tyler Technologies and gave the company a "neutral" rating in a report on Tuesday, August 5th. Robert W. Baird lowered their price objective on Tyler Technologies from $785.00 to $700.00 and set an "outperform" rating for the company in a research report on Friday, April 25th. Piper Sandler lowered their price objective on Tyler Technologies from $747.00 to $708.00 and set an "overweight" rating for the company in a research report on Friday, April 25th. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $750.00 price objective on shares of Tyler Technologies in a research report on Tuesday, May 13th. Eight equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, Tyler Technologies presently has an average rating of "Moderate Buy" and a consensus target price of $688.27.

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.