Sapient Capital LLC Sells 2,407 Shares of Tyler Technologies, Inc. (NYSE:TYL)

Sapient Capital LLC decreased its stake in shares of Tyler Technologies, Inc. (NYSE:TYL) by 87.4% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 347 shares of the technology company’s stock after selling 2,407 shares during the quarter. Sapient Capital LLC’s holdings in Tyler Technologies were worth $200,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Empowered Funds LLC boosted its holdings in shares of Tyler Technologies by 54.6% during the fourth quarter. Empowered Funds LLC now owns 3,588 shares of the technology company’s stock worth $2,069,000 after acquiring an additional 1,267 shares during the period. Apollon Wealth Management LLC acquired a new stake in Tyler Technologies during the 4th quarter worth approximately $221,000. EULAV Asset Management boosted its stake in Tyler Technologies by 7.3% in the 4th quarter. EULAV Asset Management now owns 245,684 shares of the technology company’s stock valued at $141,671,000 after purchasing an additional 16,700 shares during the period. Livforsakringsbolaget Skandia Omsesidigt acquired a new position in Tyler Technologies in the 4th quarter valued at $159,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd increased its position in Tyler Technologies by 19.3% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 5,231 shares of the technology company’s stock worth $3,016,000 after buying an additional 847 shares during the period. Institutional investors and hedge funds own 93.30% of the company’s stock.

Insider Activity at Tyler Technologies

In related news, insider John S. Marr, Jr. sold 12,000 shares of the business’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $613.66, for a total transaction of $7,363,920.00. Following the sale, the insider now owns 6,983 shares in the company, valued at $4,285,187.78. The trade was a 63.21 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO H Lynn Moore, Jr. sold 3,250 shares of the stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $631.41, for a total value of $2,052,082.50. Following the completion of the transaction, the chief executive officer now owns 75,000 shares of the company’s stock, valued at $47,355,750. This represents a 4.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 30,502 shares of company stock valued at $18,941,368 in the last quarter. Insiders own 2.20% of the company’s stock.

Tyler Technologies Price Performance

Tyler Technologies stock opened at $611.01 on Thursday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.21 and a current ratio of 1.21. Tyler Technologies, Inc. has a 52 week low of $397.80 and a 52 week high of $638.56. The stock has a market capitalization of $26.15 billion, a P/E ratio of 111.50, a price-to-earnings-growth ratio of 4.78 and a beta of 0.78. The stock has a fifty day moving average of $595.47 and a 200-day moving average of $593.32.

Tyler Technologies (NYSE:TYL) last issued its earnings results on Wednesday, February 12th. The technology company reported $1.87 EPS for the quarter, missing the consensus estimate of $2.44 by ($0.57). Tyler Technologies had a return on equity of 9.79% and a net margin of 11.39%. On average, sell-side analysts expect that Tyler Technologies, Inc. will post 7.36 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on TYL shares. StockNews.com downgraded shares of Tyler Technologies from a “buy” rating to a “hold” rating in a research note on Friday, December 6th. Wells Fargo & Company restated an “equal weight” rating and set a $615.00 target price (down previously from $670.00) on shares of Tyler Technologies in a research report on Tuesday, January 7th. JMP Securities raised their target price on shares of Tyler Technologies from $580.00 to $700.00 and gave the stock a “market outperform” rating in a report on Friday, October 25th. DA Davidson reiterated a “neutral” rating and issued a $575.00 price target on shares of Tyler Technologies in a research note on Thursday, January 30th. Finally, Oppenheimer increased their price target on Tyler Technologies from $625.00 to $700.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Four investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $645.69.

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.