Axa S.A. Buys Shares of 12,278 Tyler Technologies, Inc. (NYSE:TYL)

Axa S.A. purchased a new position in Tyler Technologies, Inc. (NYSE:TYL) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 12,278 shares of the technology company’s stock, valued at approximately $6,173,000.

Several other institutional investors have also made changes to their positions in TYL. Waldron Private Wealth LLC lifted its position in Tyler Technologies by 3.5% in the 2nd quarter. Waldron Private Wealth LLC now owns 716 shares of the technology company’s stock worth $360,000 after buying an additional 24 shares in the last quarter. Industrial Alliance Investment Management Inc. increased its stake in shares of Tyler Technologies by 4.4% in the first quarter. Industrial Alliance Investment Management Inc. now owns 693 shares of the technology company’s stock worth $295,000 after acquiring an additional 29 shares during the last quarter. George Kaiser Family Foundation raised its holdings in shares of Tyler Technologies by 0.7% during the second quarter. George Kaiser Family Foundation now owns 4,177 shares of the technology company’s stock worth $2,100,000 after acquiring an additional 29 shares in the last quarter. Benjamin F. Edwards & Company Inc. boosted its position in Tyler Technologies by 3.3% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 1,044 shares of the technology company’s stock valued at $444,000 after purchasing an additional 33 shares during the last quarter. Finally, Torray Investment Partners LLC grew its stake in Tyler Technologies by 0.3% in the second quarter. Torray Investment Partners LLC now owns 11,010 shares of the technology company’s stock valued at $5,536,000 after purchasing an additional 33 shares in the last quarter. 93.30% of the stock is currently owned by institutional investors and hedge funds.

Tyler Technologies Trading Down 0.3 %

Shares of NYSE:TYL opened at $577.52 on Friday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.06 and a current ratio of 1.06. The stock’s 50-day moving average is $576.23 and its 200-day moving average is $503.03. The company has a market cap of $24.64 billion, a P/E ratio of 130.66, a P/E/G ratio of 5.41 and a beta of 0.78. Tyler Technologies, Inc. has a 52-week low of $361.16 and a 52-week high of $598.93.

Tyler Technologies (NYSE:TYL) last released its earnings results on Wednesday, July 24th. The technology company reported $2.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.34 by $0.06. Tyler Technologies had a return on equity of 9.66% and a net margin of 10.24%. The firm had revenue of $540.98 million for the quarter, compared to analyst estimates of $541.01 million. During the same quarter last year, the firm posted $1.53 EPS. The company’s revenue was up 7.3% on a year-over-year basis. Equities research analysts predict that Tyler Technologies, Inc. will post 7.21 earnings per share for the current year.

Analysts Set New Price Targets

TYL has been the subject of a number of recent research reports. Evercore ISI raised Tyler Technologies to a “hold” rating in a research note on Friday, July 26th. JMP Securities lifted their target price on shares of Tyler Technologies from $490.00 to $580.00 and gave the company a “market outperform” rating in a research note on Monday, July 22nd. DA Davidson increased their price target on shares of Tyler Technologies from $456.00 to $525.00 and gave the stock a “neutral” rating in a research note on Friday, July 26th. Barclays raised their price target on shares of Tyler Technologies from $515.00 to $577.00 and gave the company an “equal weight” rating in a report on Friday, July 26th. Finally, BTIG Research upped their price objective on shares of Tyler Technologies from $550.00 to $630.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Four research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $582.31.

Insider Buying and Selling

In other Tyler Technologies news, CFO Brian K. Miller sold 2,000 shares of the stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $567.96, for a total value of $1,135,920.00. Following the completion of the sale, the chief financial officer now directly owns 11,950 shares of the company’s stock, valued at approximately $6,787,122. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, CFO Brian K. Miller sold 2,000 shares of the business’s stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $567.96, for a total transaction of $1,135,920.00. Following the transaction, the chief financial officer now owns 11,950 shares in the company, valued at approximately $6,787,122. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO H Lynn Moore, Jr. sold 5,000 shares of the stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $576.62, for a total transaction of $2,883,100.00. Following the completion of the sale, the chief executive officer now owns 75,000 shares of the company’s stock, valued at approximately $43,246,500. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 29,375 shares of company stock valued at $17,049,739. 2.20% of the stock is owned by company insiders.

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.