Axa S.A. Sells 4,550 Shares of Tyler Technologies, Inc. (NYSE:TYL)

AXA S.A. decreased its stake in Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 21.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,400 shares of the technology company's stock after selling 4,550 shares during the period. AXA S.A.'s holdings in Tyler Technologies were worth $9,457,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of TYL. Vanguard Group Inc. raised its stake in shares of Tyler Technologies by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 5,310,401 shares of the technology company's stock worth $3,062,190,000 after purchasing an additional 62,420 shares in the last quarter. Geode Capital Management LLC increased its holdings in Tyler Technologies by 2.5% during the fourth quarter. Geode Capital Management LLC now owns 1,136,734 shares of the technology company's stock worth $654,406,000 after buying an additional 27,826 shares during the last quarter. Franklin Resources Inc. raised its position in Tyler Technologies by 7.9% during the fourth quarter. Franklin Resources Inc. now owns 984,615 shares of the technology company's stock worth $567,768,000 after acquiring an additional 71,869 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its stake in Tyler Technologies by 3.9% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 939,373 shares of the technology company's stock valued at $541,680,000 after acquiring an additional 35,198 shares during the last quarter. Finally, Norges Bank bought a new position in shares of Tyler Technologies in the 4th quarter valued at about $528,465,000. Institutional investors and hedge funds own 93.30% of the company's stock.

Insider Buying and Selling at Tyler Technologies

In other news, CEO H Lynn Moore, Jr. sold 6,514 shares of the business's stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $617.59, for a total transaction of $4,022,981.26. Following the completion of the transaction, the chief executive officer now owns 75,734 shares of the company's stock, valued at approximately $46,772,561.06. The trade was a 7.92 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Daniel M. Pope sold 365 shares of the firm's stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $550.00, for a total value of $200,750.00. Following the completion of the sale, the director now directly owns 2,853 shares in the company, valued at $1,569,150. This trade represents a 11.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 15,462 shares of company stock worth $9,464,626 over the last three months. Corporate insiders own 1.10% of the company's stock.

Tyler Technologies Price Performance

Shares of NYSE TYL traded down $2.75 during midday trading on Friday, reaching $560.06. The company's stock had a trading volume of 191,735 shares, compared to its average volume of 258,387. The company has a market cap of $24.15 billion, a P/E ratio of 92.42, a P/E/G ratio of 4.93 and a beta of 0.88. 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 business's 50 day moving average price is $563.43 and its two-hundred day moving average price is $590.90. Tyler Technologies, Inc. has a fifty-two week low of $458.50 and a fifty-two week high of $661.31.

Tyler Technologies (NYSE:TYL - Get Free Report) last released its earnings results on Wednesday, April 23rd. The technology company reported $2.78 EPS for the quarter, beating the consensus estimate 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 analyst estimates of $556.45 million. During the same period last year, the firm earned $2.20 EPS. The business's quarterly revenue was up 10.3% compared to the same quarter last year. On average, analysts forecast that Tyler Technologies, Inc. will post 8.52 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

TYL has been the topic of a number of research analyst reports. Wells Fargo & Company dropped their target price on shares of Tyler Technologies from $640.00 to $610.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 22nd. Piper Sandler cut their price objective on Tyler Technologies from $747.00 to $708.00 and set an "overweight" rating for the company in a research report on Friday, April 25th. The Goldman Sachs Group boosted their target price on Tyler Technologies from $660.00 to $728.00 and gave the stock a "buy" rating in a report on Tuesday, February 18th. StockNews.com downgraded Tyler Technologies from a "buy" rating to a "hold" rating in a report on Friday, May 2nd. Finally, Robert W. Baird decreased their price objective on shares of Tyler Technologies from $785.00 to $700.00 and set an "outperform" rating on the stock in a report on Friday, April 25th. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $674.67.

Tyler Technologies Company 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.