Sentry Investment Management LLC Sells 25 Shares of Tyler Technologies, Inc. (NYSE:TYL)

Sentry Investment Management LLC trimmed its position in Tyler Technologies, Inc. (NYSE:TYL) by 13.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 156 shares of the technology company’s stock after selling 25 shares during the quarter. Sentry Investment Management LLC’s holdings in Tyler Technologies were worth $90,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Tyler Technologies by 103.1% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,109 shares of the technology company’s stock valued at $2,373,000 after purchasing an additional 2,086 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its position in Tyler Technologies by 76.3% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 3,559 shares of the technology company’s stock valued at $2,077,000 after acquiring an additional 1,540 shares during the last quarter. State of Alaska Department of Revenue raised its stake in Tyler Technologies by 7.3% during the third quarter. State of Alaska Department of Revenue now owns 4,952 shares of the technology company’s stock worth $2,890,000 after acquiring an additional 335 shares in the last quarter. abrdn plc raised its stake in Tyler Technologies by 32.9% during the third quarter. abrdn plc now owns 12,340 shares of the technology company’s stock worth $7,180,000 after acquiring an additional 3,056 shares in the last quarter. Finally, Diversify Wealth Management LLC lifted its holdings in shares of Tyler Technologies by 8.4% in the third quarter. Diversify Wealth Management LLC now owns 1,037 shares of the technology company’s stock worth $604,000 after acquiring an additional 80 shares during the last quarter. 93.30% of the stock is owned by institutional investors.

Analysts Set New Price Targets

TYL has been the topic of several research reports. DA Davidson reaffirmed a “neutral” rating and set a $575.00 price target on shares of Tyler Technologies in a report on Thursday, January 30th. Barclays upped their price target on shares of Tyler Technologies from $705.00 to $715.00 and gave the stock an “overweight” rating in a report on Friday, February 14th. Needham & Company LLC reiterated a “buy” rating and issued a $700.00 price target on shares of Tyler Technologies in a research note on Tuesday, January 21st. Wells Fargo & Company restated an “equal weight” rating and set a $615.00 price objective (down previously from $670.00) on shares of Tyler Technologies in a research report on Tuesday, January 7th. Finally, The Goldman Sachs Group increased their target price on Tyler Technologies from $660.00 to $728.00 and gave the company a “buy” rating in a research report on Tuesday, February 18th. Four research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $676.25.

Insider Buying and Selling

In related news, insider John S. Marr, Jr. sold 6,000 shares of the company’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $633.55, for a total transaction of $3,801,300.00. Following the sale, the insider now owns 6,983 shares in the company, valued at $4,424,079.65. This represents a 46.21 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Brian K. Miller sold 6,752 shares of Tyler Technologies stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $613.75, for a total value of $4,144,040.00. Following the completion of the sale, the chief financial officer now owns 11,918 shares of the company’s stock, valued at approximately $7,314,672.50. The trade was a 36.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 15,252 shares of company stock valued at $9,525,365 over the last quarter. Insiders own 2.20% of the company’s stock.

Tyler Technologies Price Performance

Shares of TYL opened at $605.16 on Friday. The business has a 50-day moving average of $598.17 and a 200-day moving average of $597.36. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.35 and a quick ratio of 1.21. The company has a market capitalization of $26.03 billion, a price-to-earnings ratio of 99.86, a price-to-earnings-growth ratio of 4.93 and a beta of 0.78. Tyler Technologies, Inc. has a 1 year low of $397.80 and a 1 year high of $661.31.

Tyler Technologies (NYSE:TYL) last released its quarterly earnings results on Wednesday, February 12th. The technology company reported $1.87 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.44 by ($0.57). Tyler Technologies had a return on equity of 10.15% and a net margin of 12.30%. As a group, equities research analysts anticipate that Tyler Technologies, Inc. will post 8.52 earnings per share for the current year.

Tyler Technologies Company 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.