Tyler Technologies, Inc. (NYSE:TYL) Shares Sold by Axiom Investors LLC DE

Axiom Investors LLC DE lowered its stake in shares of Tyler Technologies, Inc. (NYSE:TYL) by 17.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 319 shares of the technology company’s stock after selling 66 shares during the period. Axiom Investors LLC DE’s holdings in Tyler Technologies were worth $184,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Oregon Public Employees Retirement Fund increased its position in Tyler Technologies by 0.5% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 3,668 shares of the technology company’s stock worth $2,115,000 after purchasing an additional 20 shares during the last quarter. Kensington Investment Counsel LLC lifted its holdings in Tyler Technologies by 0.8% in the fourth quarter. Kensington Investment Counsel LLC now owns 2,496 shares of the technology company’s stock valued at $1,439,000 after acquiring an additional 20 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its position in Tyler Technologies by 18.4% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 135 shares of the technology company’s stock worth $78,000 after acquiring an additional 21 shares during the period. Baron Wealth Management LLC grew its position in Tyler Technologies by 1.5% in the fourth quarter. Baron Wealth Management LLC now owns 1,487 shares of the technology company’s stock worth $857,000 after acquiring an additional 22 shares during the period. Finally, Choreo LLC raised its position in Tyler Technologies by 3.9% in the fourth quarter. Choreo LLC now owns 647 shares of the technology company’s stock valued at $374,000 after purchasing an additional 24 shares during the period. 93.30% of the stock is owned by institutional investors and hedge funds.

Tyler Technologies Stock Up 0.3 %

Shares of NYSE:TYL opened at $581.12 on Tuesday. The company has a quick ratio of 1.21, a current ratio of 1.35 and a debt-to-equity ratio of 0.18. Tyler Technologies, Inc. has a fifty-two week low of $397.80 and a fifty-two week high of $661.31. The stock has a market cap of $25.05 billion, a price-to-earnings ratio of 95.89, a price-to-earnings-growth ratio of 4.93 and a beta of 0.80. The firm’s 50 day moving average price is $599.99 and its 200 day moving average price is $597.70.

Tyler Technologies (NYSE:TYL) last released its quarterly earnings data on Wednesday, February 12th. The technology company reported $1.87 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.44 by ($0.57). Tyler Technologies had a return on equity of 10.15% and a net margin of 12.30%. As a group, equities research analysts predict that Tyler Technologies, Inc. will post 8.52 earnings per share for the current fiscal year.

Insider Transactions at Tyler Technologies

In other Tyler Technologies news, insider John S. Marr, Jr. sold 6,000 shares of the stock in a transaction that occurred 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 transaction, the insider now directly owns 6,983 shares in the company, valued at $4,322,477. This represents a 46.21 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Brian K. Miller sold 1,550 shares of the company’s stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $613.58, for a total transaction of $951,049.00. Following the completion of the transaction, the chief financial officer now owns 14,026 shares of the company’s stock, 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. In the last ninety days, insiders sold 14,064 shares of company stock valued at $8,688,030. 2.20% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Needham & Company LLC reiterated a “buy” rating and set a $700.00 price target on shares of Tyler Technologies in a report on Tuesday, January 21st. DA Davidson reiterated a “neutral” rating and set a $575.00 price target on shares of Tyler Technologies in a research report on Thursday, January 30th. StockNews.com downgraded shares of Tyler Technologies from a “buy” rating to a “hold” rating in a research note on Monday, February 24th. Truist Financial reiterated a “buy” rating and issued a $775.00 target price (up previously from $685.00) on shares of Tyler Technologies in a report on Friday, February 14th. Finally, Wells Fargo & Company restated an “equal weight” rating and set a $615.00 price target (down from $670.00) on shares of Tyler Technologies in a research report on Tuesday, January 7th. Four investment analysts have rated the stock with a hold rating and ten 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 a consensus price target of $676.25.

About Tyler Technologies

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.