BNP Paribas Financial Markets Reduces Holdings in Tyler Technologies, Inc. (NYSE:TYL)

BNP Paribas Financial Markets reduced its stake in Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 97.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 83,005 shares of the technology company's stock after selling 2,691,438 shares during the period. BNP Paribas Financial Markets owned 0.19% of Tyler Technologies worth $47,864,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TYL. Larson Financial Group LLC boosted its holdings in shares of Tyler Technologies by 221.4% in the 4th 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 acquired a new position in Tyler Technologies in the fourth quarter valued at $32,000. Brown Brothers Harriman & Co. grew its holdings in shares of Tyler Technologies by 300.0% during the fourth quarter. Brown Brothers Harriman & Co. now owns 56 shares of the technology company's stock worth $32,000 after purchasing an additional 42 shares during the last quarter. Kapitalo Investimentos Ltda purchased a new position in shares of Tyler Technologies during the fourth quarter worth about $40,000. Finally, OFI Invest Asset Management acquired a new stake in shares of Tyler Technologies during the fourth quarter worth about $41,000. Institutional investors and hedge funds own 93.30% of the company's stock.

Wall Street Analysts Forecast Growth

TYL has been the subject of a number of research analyst reports. Robert W. Baird decreased their target price on Tyler Technologies from $785.00 to $700.00 and set an "outperform" rating for the company in a research report on Friday, April 25th. The Goldman Sachs Group increased 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. StockNews.com raised shares of Tyler Technologies from a "hold" rating to a "buy" rating in a report on Saturday. Wells Fargo & Company reduced their price target on shares of Tyler Technologies from $640.00 to $610.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 22nd. Finally, Needham & Company LLC reissued a "buy" rating and set a $750.00 price objective on shares of Tyler Technologies in a research report on Thursday, April 24th. Three analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $674.67.

Insider Buying and Selling

In related news, insider John S. Marr, Jr. sold 6,000 shares of the firm's stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $619.00, for a total value of $3,714,000.00. Following the completion of the transaction, the insider now directly owns 6,983 shares of the company's stock, valued at $4,322,477. This trade represents a 46.21% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO H Lynn Moore, Jr. sold 6,514 shares of the company's stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $617.59, for a total value of $4,022,981.26. Following the completion of the sale, the chief executive officer now directly owns 75,734 shares in the company, valued at $46,772,561.06. This trade represents a 7.92% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 15,462 shares of company stock valued at $9,464,626 over the last quarter. Company insiders own 1.10% of the company's stock.

Tyler Technologies Stock Performance

Shares of TYL stock traded up $3.75 during mid-day trading on Monday, hitting $564.00. The stock had a trading volume of 202,670 shares, compared to its average volume of 258,447. The firm has a market cap of $24.32 billion, a PE ratio of 93.07, a PEG ratio of 4.93 and a beta of 0.88. The company's 50-day simple moving average is $563.43 and its 200-day simple moving average is $590.82. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.35 and a quick ratio of 1.21. 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 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 during the quarter, compared to the consensus estimate of $556.45 million. During the same quarter last year, the firm earned $2.20 earnings per share. The firm's revenue was up 10.3% compared to the same quarter last year. Sell-side analysts anticipate that Tyler Technologies, Inc. will post 8.52 earnings per share for the current 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.