One Wealth Advisors LLC Takes $250,000 Position in Tyler Technologies, Inc. (NYSE:TYL)

One Wealth Advisors LLC acquired a new stake in Tyler Technologies, Inc. (NYSE:TYLFree Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 433 shares of the technology company’s stock, valued at approximately $250,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. AQR Capital Management LLC raised its stake in Tyler Technologies by 85.9% during the 2nd quarter. AQR Capital Management LLC now owns 4,217 shares of the technology company’s stock worth $2,120,000 after acquiring an additional 1,948 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in Tyler Technologies by 55.4% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 979 shares of the technology company’s stock worth $492,000 after acquiring an additional 349 shares in the last quarter. Truist Financial Corp raised its stake in Tyler Technologies by 53.9% during the 2nd quarter. Truist Financial Corp now owns 6,690 shares of the technology company’s stock worth $3,364,000 after acquiring an additional 2,343 shares in the last quarter. Sanctuary Advisors LLC acquired a new stake in Tyler Technologies during the 2nd quarter worth $1,237,000. Finally, Czech National Bank raised its stake in Tyler Technologies by 7.4% during the 3rd quarter. Czech National Bank now owns 8,692 shares of the technology company’s stock worth $5,074,000 after acquiring an additional 602 shares in the last quarter. 93.30% of the stock is currently owned by institutional investors and hedge funds.

Tyler Technologies Stock Up 0.3 %

TYL stock opened at $603.37 on Tuesday. The company has a market cap of $25.82 billion, a P/E ratio of 110.10, a P/E/G ratio of 4.67 and a beta of 0.78. Tyler Technologies, Inc. has a 52 week low of $397.80 and a 52 week high of $638.56. The company’s 50-day moving average price is $598.06 and its 200 day moving average price is $590.26. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.18.

Analyst Ratings Changes

Several brokerages recently commented on TYL. Wells Fargo & Company reiterated an “equal weight” rating and set a $615.00 price target (down from $670.00) on shares of Tyler Technologies in a research note on Tuesday, January 7th. Barclays raised their price objective on shares of Tyler Technologies from $700.00 to $705.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. Needham & Company LLC reissued a “buy” rating and set a $700.00 price objective on shares of Tyler Technologies in a research report on Tuesday, January 21st. Truist Financial reissued a “buy” rating and set a $685.00 price objective (up from $600.00) on shares of Tyler Technologies in a research report on Friday, October 25th. Finally, JMP Securities raised their price objective on shares of Tyler Technologies from $580.00 to $700.00 and gave the stock a “market outperform” rating in a research report on Friday, October 25th. Four equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, Tyler Technologies has an average rating of “Moderate Buy” and an average price target of $645.69.

Read Our Latest Stock Report on Tyler Technologies

Insider Buying and Selling

In related news, insider John S. Marr, Jr. sold 12,000 shares of the business’s stock in a transaction dated Monday, November 25th. The shares were 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 of the company’s stock, valued at approximately $4,285,187.78. The trade was a 63.21 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Brian K. Miller sold 2,500 shares of Tyler Technologies stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $632.01, for a total transaction of $1,580,025.00. Following the transaction, the chief financial officer now owns 12,198 shares of the company’s stock, valued at approximately $7,709,257.98. The trade was a 17.01 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 42,252 shares of company stock valued at $26,096,928. Corporate insiders own 1.50% of the company’s stock.

About Tyler Technologies

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Tyler Technologies (NYSE:TYL)

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