OneAscent Financial Services LLC Takes $498,000 Position in Tyler Technologies, Inc. (NYSE:TYL)

OneAscent Financial Services LLC acquired a new position in shares of Tyler Technologies, Inc. (NYSE:TYL - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 863 shares of the technology company's stock, valued at approximately $498,000.

Other institutional investors have also recently bought and sold shares of the company. Oregon Public Employees Retirement Fund raised its stake in shares of Tyler Technologies by 0.5% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 3,668 shares of the technology company's stock worth $2,115,000 after purchasing an additional 20 shares in the last quarter. Kensington Investment Counsel LLC increased its holdings in Tyler Technologies by 0.8% in the fourth quarter. Kensington Investment Counsel LLC now owns 2,496 shares of the technology company's stock worth $1,439,000 after buying an additional 20 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its holdings in Tyler Technologies by 18.4% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 135 shares of the technology company's stock worth $78,000 after buying an additional 21 shares during the last quarter. Baron Wealth Management LLC raised its position in Tyler Technologies by 1.5% during the fourth quarter. Baron Wealth Management LLC now owns 1,487 shares of the technology company's stock valued at $857,000 after acquiring an additional 22 shares in the last quarter. Finally, Choreo LLC lifted its stake in Tyler Technologies by 3.9% in the fourth quarter. Choreo LLC now owns 647 shares of the technology company's stock valued at $374,000 after acquiring an additional 24 shares during the last quarter. Institutional investors and hedge funds own 93.30% of the company's stock.

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Tyler Technologies Stock Performance

Shares of NYSE:TYL traded down $3.23 on Monday, hitting $535.01. 432,792 shares of the company were exchanged, compared to its average volume of 251,796. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.21 and a current ratio of 1.35. The company's 50 day moving average price is $598.37 and its two-hundred day moving average price is $597.34. Tyler Technologies, Inc. has a one year low of $397.80 and a one year high of $661.31. The firm has a market capitalization of $23.06 billion, a price-to-earnings ratio of 88.29, a PEG ratio of 4.93 and a beta of 0.84.

Tyler Technologies (NYSE:TYL - Get Free Report) last posted its quarterly 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 net margin of 12.30% and a return on equity of 10.15%. Research analysts expect that Tyler Technologies, Inc. will post 8.52 earnings per share for the current year.

Insider Activity

In other Tyler Technologies news, CEO H Lynn Moore, Jr. sold 6,514 shares of Tyler Technologies stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $617.59, for a total transaction of $4,022,981.26. Following the sale, the chief executive officer now directly owns 75,734 shares of the company's stock, valued at approximately $46,772,561.06. The trade was a 7.92 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Brian K. Miller sold 1,550 shares of the stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $613.58, for a total value of $951,049.00. Following the completion of the transaction, the chief financial officer now directly owns 14,026 shares of the company's stock, valued at approximately $8,606,073.08. The trade was a 9.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 14,064 shares of company stock worth $8,688,030. Corporate insiders own 2.20% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on TYL. StockNews.com upgraded shares of Tyler Technologies from a "hold" rating to a "buy" rating in a report on Thursday. The Goldman Sachs Group raised their target price on Tyler Technologies from $660.00 to $728.00 and gave the company a "buy" rating in a report on Tuesday, February 18th. Needham & Company LLC reiterated a "buy" rating and set a $700.00 price target on shares of Tyler Technologies in a research note on Tuesday, January 21st. Barclays raised their price objective on Tyler Technologies from $705.00 to $715.00 and gave the company an "overweight" rating in a research note on Friday, February 14th. Finally, Wells Fargo & Company reissued an "equal weight" rating and issued a $615.00 price target (down previously from $670.00) on shares of Tyler Technologies in a research report on Tuesday, January 7th. Three research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, Tyler Technologies presently has a consensus rating of "Moderate Buy" and a consensus price target of $676.25.

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.