Tyler Technologies, Inc. (NYSE:TYL) Shares Acquired by O Shaughnessy Asset Management LLC

O Shaughnessy Asset Management LLC boosted its holdings in Tyler Technologies, Inc. (NYSE:TYL) by 47.0% in the 4th quarter, Holdings Channel reports. The firm owned 3,521 shares of the technology company’s stock after purchasing an additional 1,126 shares during the period. O Shaughnessy Asset Management LLC’s holdings in Tyler Technologies were worth $2,030,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently bought and sold shares of the business. Larson Financial Group LLC raised its holdings in shares of Tyler Technologies by 221.4% in the fourth quarter. Larson Financial Group LLC now owns 45 shares of the technology company’s stock valued at $26,000 after buying an additional 31 shares during the last quarter. Sierra Ocean LLC acquired a new position in Tyler Technologies in the 4th quarter valued at about $32,000. Brown Brothers Harriman & Co. raised its stake in Tyler Technologies by 300.0% during the 4th quarter. Brown Brothers Harriman & Co. now owns 56 shares of the technology company’s stock valued at $32,000 after acquiring an additional 42 shares during the last quarter. OFI Invest Asset Management acquired a new stake in Tyler Technologies during the 4th quarter worth approximately $41,000. Finally, Smithfield Trust Co grew its stake in shares of Tyler Technologies by 55.6% in the 4th quarter. Smithfield Trust Co now owns 84 shares of the technology company’s stock valued at $48,000 after purchasing an additional 30 shares during the last quarter. Institutional investors and hedge funds own 93.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on TYL shares. The Goldman Sachs Group upped their price target on Tyler Technologies from $660.00 to $728.00 and gave the stock a “buy” rating in a research note on Tuesday, February 18th. Piper Sandler raised their target price on shares of Tyler Technologies from $701.00 to $747.00 and gave the stock an “overweight” rating in a research note on Friday, February 14th. StockNews.com raised shares of Tyler Technologies from a “hold” rating to a “buy” rating in a report on Thursday. DA Davidson reissued a “neutral” rating and set a $575.00 price target on shares of Tyler Technologies in a report on Thursday, January 30th. Finally, Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $615.00 price objective (down previously from $670.00) on shares of Tyler Technologies in a report on Tuesday, January 7th. Three analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, Tyler Technologies presently has an average rating of “Moderate Buy” and a consensus price target of $676.25.

Tyler Technologies Stock Performance

Shares of TYL stock opened at $539.40 on Friday. The stock has a fifty day moving average price of $598.37 and a 200 day moving average price of $597.09. 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 stock has a market cap of $23.25 billion, a PE ratio of 89.01, a P/E/G ratio of 4.93 and a beta of 0.80. Tyler Technologies, Inc. has a 1 year low of $397.80 and a 1 year high of $661.31.

Tyler Technologies (NYSE:TYL) last released its quarterly earnings results on Wednesday, February 12th. The technology company reported $1.87 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.44 by ($0.57). Tyler Technologies had a return on equity of 10.15% and a net margin of 12.30%. Sell-side analysts forecast that Tyler Technologies, Inc. will post 8.52 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CFO Brian K. Miller sold 1,550 shares of Tyler Technologies stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $613.58, for a total transaction of $951,049.00. Following the completion of the transaction, the chief financial officer now directly owns 14,026 shares in the company, valued at $8,606,073.08. The trade was a 9.95 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider John S. Marr, Jr. sold 6,000 shares of the stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $619.00, for a total value of $3,714,000.00. Following the sale, the insider now owns 6,983 shares in the company, valued at approximately $4,322,477. This trade represents a 46.21 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 14,064 shares of company stock worth $8,688,030. Insiders own 2.20% 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.