OneAscent Financial Services LLC Buys Shares of 863 Tyler Technologies, Inc. (NYSE:TYL)

OneAscent Financial Services LLC acquired a new stake in shares of Tyler Technologies, Inc. (NYSE:TYL - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 863 shares of the technology company's stock, valued at approximately $498,000.

A number of other institutional investors have also recently made changes to their positions in TYL. Norges Bank bought a new stake in Tyler Technologies in the fourth quarter worth $528,465,000. Van ECK Associates Corp grew its stake in shares of Tyler Technologies by 1,991.8% in the 4th quarter. Van ECK Associates Corp now owns 550,580 shares of the technology company's stock worth $317,486,000 after buying an additional 524,259 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of Tyler Technologies in the 4th quarter worth about $159,947,000. JPMorgan Chase & Co. raised its position in shares of Tyler Technologies by 148.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 461,469 shares of the technology company's stock valued at $269,369,000 after buying an additional 275,511 shares in the last quarter. Finally, Seilern Investment Management Ltd bought a new position in shares of Tyler Technologies in the 4th quarter valued at about $105,549,000. Hedge funds and other institutional investors own 93.30% of the company's stock.

Insider Activity

In other news, CFO Brian K. Miller sold 1,550 shares of the company's stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $613.58, for a total value of $951,049.00. Following the completion of the sale, the chief financial officer now owns 14,026 shares of the company's stock, valued at approximately $8,606,073.08. This represents a 9.95 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO H Lynn Moore, Jr. sold 6,514 shares of Tyler Technologies stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $617.59, for a total transaction of $4,022,981.26. Following the transaction, the chief executive officer now directly owns 75,734 shares in the company, valued at approximately $46,772,561.06. The trade was a 7.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 14,064 shares of company stock worth $8,688,030. Company insiders own 2.20% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on TYL. Barclays boosted their price objective on Tyler Technologies from $705.00 to $715.00 and gave the stock an "overweight" rating in a research note on Friday, February 14th. Wells Fargo & Company restated an "equal weight" rating and set a $615.00 price target (down previously from $670.00) on shares of Tyler Technologies in a report on Tuesday, January 7th. Truist Financial restated a "buy" rating and issued a $775.00 price target (up from $685.00) on shares of Tyler Technologies in a research report on Friday, February 14th. StockNews.com raised shares of Tyler Technologies from a "hold" rating to a "buy" rating in a research note on Thursday, April 3rd. Finally, Needham & Company LLC restated a "buy" rating and issued a $700.00 target price on shares of Tyler Technologies in a report on Tuesday, January 21st. Three analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $676.25.

Tyler Technologies Trading Up 8.5 %

Tyler Technologies stock traded up $44.18 during trading hours on Wednesday, hitting $565.86. The company had a trading volume of 492,930 shares, compared to its average volume of 253,152. The firm has a market cap of $24.39 billion, a P/E ratio of 93.38, a P/E/G ratio of 4.93 and a beta of 0.84. The company has a 50-day moving average price of $591.80 and a two-hundred day moving average price of $595.75. Tyler Technologies, Inc. has a 1 year low of $397.80 and a 1 year high of $661.31. 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 - Get Free Report) last announced its quarterly earnings results on Wednesday, February 12th. The technology company reported $1.87 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.44 by ($0.57). Tyler Technologies had a net margin of 12.30% and a return on equity of 10.15%. On average, sell-side analysts anticipate that Tyler Technologies, Inc. will post 8.52 earnings per share for the current year.

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.