Axa S.A. Decreases Holdings in Tyler Technologies, Inc. (NYSE:TYL)

Axa S.A. cut its stake in Tyler Technologies, Inc. (NYSE:TYL) by 21.7% during the 4th quarter, HoldingsChannel reports. The firm owned 16,400 shares of the technology company’s stock after selling 4,550 shares during the quarter. Axa S.A.’s holdings in Tyler Technologies were worth $9,457,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Larson Financial Group LLC grew its stake 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 in the last quarter. Sierra Ocean LLC purchased a new position in Tyler Technologies in the 4th quarter worth approximately $32,000. Brown Brothers Harriman & Co. grew its position in Tyler Technologies by 300.0% in the fourth 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 in the last quarter. Kapitalo Investimentos Ltda purchased a new stake in shares of Tyler Technologies during the fourth quarter valued at approximately $40,000. Finally, OFI Invest Asset Management acquired a new position in shares of Tyler Technologies during the fourth quarter worth $41,000. Institutional investors and hedge funds own 93.30% of the company’s stock.

Insider Buying and Selling

In other news, insider John S. Marr, Jr. sold 6,000 shares of the firm’s 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Brian K. Miller sold 1,550 shares of the business’s stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $613.58, for a total transaction of $951,049.00. Following the transaction, the chief financial officer now owns 14,026 shares in the company, valued at approximately $8,606,073.08. The trade was a 9.95 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 14,064 shares of company stock worth $8,688,030. Corporate insiders own 1.10% of the company’s stock.

Tyler Technologies Stock Performance

Shares of NYSE TYL opened at $549.78 on Tuesday. Tyler Technologies, Inc. has a 52-week low of $458.50 and a 52-week high of $661.31. The stock’s fifty day simple moving average is $567.49 and its 200 day simple moving average is $591.74. The company has a quick ratio of 1.21, a current ratio of 1.35 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of $23.71 billion, a price-to-earnings ratio of 90.72, a PEG ratio of 4.93 and a beta of 0.88.

Tyler Technologies (NYSE:TYL) last announced its quarterly earnings data on Wednesday, April 23rd. The technology company reported $2.78 EPS for the quarter, beating analysts’ consensus estimates of $2.56 by $0.22. Tyler Technologies had a net margin of 12.30% and a return on equity of 10.15%. The firm had revenue of $562.43 million for the quarter, compared to the consensus estimate of $556.45 million. During the same period in the previous year, the firm posted $2.20 earnings per share. The firm’s revenue was up 10.3% on a year-over-year basis. As a group, sell-side analysts forecast that Tyler Technologies, Inc. will post 8.52 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. StockNews.com downgraded shares of Tyler Technologies from a “buy” rating to a “hold” rating in a research note on Friday. The Goldman Sachs Group raised their price objective on shares of Tyler Technologies from $660.00 to $728.00 and gave the stock a “buy” rating in a report on Tuesday, February 18th. Wells Fargo & Company reduced their price target on shares of Tyler Technologies from $640.00 to $610.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 22nd. DA Davidson decreased their price objective on shares of Tyler Technologies from $595.00 to $570.00 and set a “neutral” rating for the company in a report on Friday, April 25th. Finally, Needham & Company LLC restated a “buy” rating and issued a $750.00 target price on shares of Tyler Technologies in a research note on Thursday, April 24th. Four analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $674.67.

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.