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

Sentry Investment Management LLC lessened its holdings in shares of Tyler Technologies, Inc. (NYSE:TYL) by 13.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 156 shares of the technology company’s stock after selling 25 shares during the period. Sentry Investment Management LLC’s holdings in Tyler Technologies were worth $90,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. Van ECK Associates Corp increased its position in shares of Tyler Technologies by 1,991.8% during the fourth quarter. Van ECK Associates Corp now owns 550,580 shares of the technology company’s stock worth $317,486,000 after acquiring an additional 524,259 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Tyler Technologies by 148.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 461,469 shares of the technology company’s stock worth $269,369,000 after purchasing an additional 275,511 shares during the period. Seilern Investment Management Ltd bought a new position in Tyler Technologies during the 4th quarter worth about $105,549,000. TCW Group Inc. acquired a new stake in shares of Tyler Technologies in the 4th quarter valued at about $36,099,000. Finally, Handelsbanken Fonder AB lifted its holdings in shares of Tyler Technologies by 40.0% in the fourth quarter. Handelsbanken Fonder AB now owns 199,051 shares of the technology company’s stock valued at $114,781,000 after purchasing an additional 56,900 shares in the last quarter. 93.30% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

TYL has been the subject of a number of research reports. Wells Fargo & Company reiterated an “equal weight” rating and set a $615.00 price objective (down from $670.00) on shares of Tyler Technologies in a report on Tuesday, January 7th. StockNews.com cut shares of Tyler Technologies from a “buy” rating to a “hold” rating in a research note on Monday. Truist Financial reissued a “buy” rating and issued a $775.00 price objective (up previously from $685.00) on shares of Tyler Technologies in a research report on Friday, February 14th. Needham & Company LLC reaffirmed a “buy” rating and issued a $700.00 target price on shares of Tyler Technologies in a research report on Tuesday, January 21st. Finally, DA Davidson reissued a “neutral” rating and set a $575.00 price target on shares of Tyler Technologies in a research report on Thursday, January 30th. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $676.25.

Tyler Technologies Stock Down 1.8 %

Shares of TYL stock opened at $605.16 on Friday. Tyler Technologies, Inc. has a 52-week low of $397.80 and a 52-week high of $661.31. The stock has a market cap of $26.03 billion, a price-to-earnings ratio of 99.86, a PEG ratio of 4.93 and a beta of 0.78. The firm’s 50-day moving average is $598.17 and its 200-day moving average is $597.36. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.21 and a current ratio of 1.35.

Tyler Technologies (NYSE:TYL) last released its quarterly earnings data 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 net margin of 12.30% and a return on equity of 10.15%. Sell-side analysts predict that Tyler Technologies, Inc. will post 8.52 EPS for the current year.

Insider Activity at Tyler Technologies

In other Tyler Technologies news, CFO Brian K. Miller sold 6,752 shares of the stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $613.75, for a total value of $4,144,040.00. Following the transaction, the chief financial officer now directly owns 11,918 shares of the company’s stock, valued at $7,314,672.50. This represents a 36.16 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider John S. Marr, Jr. sold 6,000 shares of the firm’s stock in a transaction that occurred on 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 of the company’s stock, valued at $4,424,079.65. This trade represents a 46.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 15,252 shares of company stock worth $9,525,365. Company insiders own 2.20% of the company’s stock.

Tyler Technologies 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.