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

AXA S.A. reduced its position in shares of Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 21.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund 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 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Larson Financial Group LLC lifted its holdings in Tyler Technologies by 221.4% during the 4th quarter. Larson Financial Group LLC now owns 45 shares of the technology company's stock worth $26,000 after purchasing an additional 31 shares during the last quarter. Sierra Ocean LLC acquired a new stake in Tyler Technologies during the 4th quarter worth approximately $32,000. Brown Brothers Harriman & Co. increased 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 worth $32,000 after acquiring an additional 42 shares during the period. Kapitalo Investimentos Ltda acquired a new position in Tyler Technologies in the 4th quarter valued at $40,000. Finally, OFI Invest Asset Management acquired a new position in Tyler Technologies in the 4th quarter valued at $41,000. 93.30% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on TYL shares. Needham & Company LLC reaffirmed a "buy" rating and issued a $750.00 price objective on shares of Tyler Technologies in a report on Thursday, April 24th. StockNews.com raised Tyler Technologies from a "hold" rating to a "buy" rating in a report on Saturday. Piper Sandler dropped their price objective on Tyler Technologies from $747.00 to $708.00 and set an "overweight" rating for the company in a report on Friday, April 25th. DA Davidson dropped their price objective on Tyler Technologies from $595.00 to $570.00 and set a "neutral" rating for the company in a report on Friday, April 25th. Finally, The Goldman Sachs Group lifted their price objective on Tyler Technologies from $660.00 to $728.00 and gave the company a "buy" rating in a report on Tuesday, February 18th. Three analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Tyler Technologies has an average rating of "Moderate Buy" and an average target price of $674.67.

Insider Buying and Selling

In related news, insider John S. Marr, Jr. sold 6,000 shares of the business's stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $619.00, for a total transaction of $3,714,000.00. Following the sale, the insider now owns 6,983 shares in the company, valued at $4,322,477. The trade was a 46.21% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Daniel M. Pope sold 365 shares of the business's stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $550.00, for a total value of $200,750.00. Following the sale, the director now owns 2,853 shares in the company, valued at $1,569,150. This represents a 11.34% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 15,462 shares of company stock worth $9,464,626 in the last 90 days. Insiders own 1.10% of the company's stock.

Tyler Technologies Price Performance

Shares of TYL traded down $2.75 during midday trading on Friday, hitting $560.06. The company's stock had a trading volume of 191,735 shares, compared to its average volume of 258,633. Tyler Technologies, Inc. has a one year low of $458.50 and a one year high of $661.31. The company's fifty day simple moving average is $563.43 and its two-hundred day simple moving average is $590.82. 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 $24.15 billion, a price-to-earnings ratio of 92.42, a price-to-earnings-growth ratio of 4.93 and a beta of 0.88.

Tyler Technologies (NYSE:TYL - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The technology company reported $2.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.56 by $0.22. Tyler Technologies had a return on equity of 10.15% and a net margin of 12.30%. The company had revenue of $562.43 million for the quarter, compared to analyst estimates of $556.45 million. During the same quarter last year, the company posted $2.20 EPS. The company's revenue for the quarter was up 10.3% compared to the same quarter last year. As a group, equities analysts expect that Tyler Technologies, Inc. will post 8.52 earnings per share for the current fiscal year.

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.