OneAscent Financial Services LLC Increases Position in Tyler Technologies, Inc. (NYSE:TYL)

OneAscent Financial Services LLC boosted its holdings in shares of Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 114.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,848 shares of the technology company's stock after purchasing an additional 985 shares during the quarter. OneAscent Financial Services LLC's holdings in Tyler Technologies were worth $1,076,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Vanguard Group Inc. grew its position in shares of Tyler Technologies by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 5,310,401 shares of the technology company's stock valued at $3,062,190,000 after purchasing an additional 62,420 shares during the period. Geode Capital Management LLC lifted its stake in Tyler Technologies by 2.5% in the 4th quarter. Geode Capital Management LLC now owns 1,136,734 shares of the technology company's stock valued at $654,406,000 after buying an additional 27,826 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in Tyler Technologies by 6.3% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 998,927 shares of the technology company's stock worth $580,766,000 after buying an additional 59,554 shares during the last quarter. Franklin Resources Inc. boosted its holdings in Tyler Technologies by 7.9% in the 4th quarter. Franklin Resources Inc. now owns 984,615 shares of the technology company's stock worth $567,768,000 after buying an additional 71,869 shares during the last quarter. Finally, Norges Bank purchased a new stake in Tyler Technologies during the 4th quarter worth approximately $528,465,000. Hedge funds and other institutional investors own 93.30% of the company's stock.

Tyler Technologies Stock Up 0.6%

NYSE:TYL opened at $564.75 on Monday. Tyler Technologies, Inc. has a 52 week low of $513.52 and a 52 week high of $661.31. The stock's fifty day moving average is $575.15 and its two-hundred day moving average is $579.00. The company has a market capitalization of $24.35 billion, a P/E ratio of 85.05, a P/E/G ratio of 4.41 and a beta of 0.84.

Tyler Technologies (NYSE:TYL - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The technology company reported $2.78 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.56 by $0.22. Tyler Technologies had a return on equity of 10.29% and a net margin of 13.23%. The firm had revenue of $562.43 million during the quarter, compared to the consensus estimate of $556.45 million. During the same period last year, the company earned $2.20 EPS. The company's quarterly revenue was up 10.3% on a year-over-year basis. Sell-side analysts anticipate that Tyler Technologies, Inc. will post 8.52 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on TYL shares. Barclays decreased their target price on Tyler Technologies from $700.00 to $695.00 and set an "overweight" rating on the stock in a research report on Friday, April 25th. Wall Street Zen downgraded shares of Tyler Technologies from a "buy" rating to a "hold" rating in a report on Wednesday, May 21st. DA Davidson lowered their target price on Tyler Technologies from $595.00 to $570.00 and set a "neutral" rating on the stock in a report on Friday, April 25th. Cantor Fitzgerald began coverage on Tyler Technologies in a research report on Tuesday, June 3rd. They issued a "neutral" rating and a $600.00 price target for the company. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $750.00 price target on shares of Tyler Technologies in a report on Tuesday, May 13th. Five research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat, Tyler Technologies currently has an average rating of "Moderate Buy" and an average price target of $680.50.

Insider Activity at Tyler Technologies

In related news, Director Brenda A. Cline sold 2,500 shares of the business's stock in a transaction on Friday, May 16th. The stock was sold at an average price of $577.41, for a total value of $1,443,525.00. Following the sale, the director owned 2,519 shares in the company, valued at approximately $1,454,495.79. The trade was a 49.81% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider John S. Marr, Jr. sold 5,000 shares of the firm's stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $558.86, for a total value of $2,794,300.00. Following the transaction, the insider owned 6,983 shares of the company's stock, valued at $3,902,519.38. This trade represents a 41.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 26,500 shares of company stock worth $15,177,230. Company insiders own 1.10% of the company's stock.

About Tyler Technologies

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.

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