BNP PARIBAS ASSET MANAGEMENT Holding S.A. Lowers Stock Holdings in Tyler Technologies, Inc. (NYSE:TYL)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. reduced its holdings in Tyler Technologies, Inc. (NYSE:TYL) by 44.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,830 shares of the technology company’s stock after selling 1,443 shares during the quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A.’s holdings in Tyler Technologies were worth $920,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the business. Independence Bank of Kentucky acquired a new position in shares of Tyler Technologies during the 2nd quarter valued at about $25,000. Kapitalo Investimentos Ltda purchased a new stake in Tyler Technologies in the fourth quarter valued at approximately $26,000. Covestor Ltd increased its position in Tyler Technologies by 153.6% during the first quarter. Covestor Ltd now owns 71 shares of the technology company’s stock worth $30,000 after purchasing an additional 43 shares during the last quarter. Blue Trust Inc. raised its stake in Tyler Technologies by 329.4% during the second quarter. Blue Trust Inc. now owns 73 shares of the technology company’s stock worth $37,000 after purchasing an additional 56 shares during the period. Finally, Lynx Investment Advisory acquired a new position in shares of Tyler Technologies in the 2nd quarter valued at $38,000. 93.30% of the stock is currently owned by hedge funds and other institutional investors.

Tyler Technologies Price Performance

TYL opened at $587.87 on Tuesday. Tyler Technologies, Inc. has a twelve month low of $361.16 and a twelve month high of $593.50. The firm has a market cap of $24.96 billion, a price-to-earnings ratio of 133.00, a PEG ratio of 5.44 and a beta of 0.76. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.19. The company has a fifty day simple moving average of $548.94 and a 200 day simple moving average of $484.00.

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

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Loop Capital upped their price objective on Tyler Technologies from $485.00 to $530.00 and gave the stock a “buy” rating in a report on Tuesday, May 21st. The Goldman Sachs Group upped their price target on Tyler Technologies from $515.00 to $627.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Wells Fargo & Company raised their price objective on Tyler Technologies from $580.00 to $600.00 and gave the stock an “overweight” rating in a report on Friday, July 26th. DA Davidson boosted their target price on Tyler Technologies from $456.00 to $525.00 and gave the stock a “neutral” rating in a report on Friday, July 26th. Finally, Piper Sandler raised their price target on shares of Tyler Technologies from $529.00 to $625.00 and gave the company an “overweight” rating in a report on Friday, July 26th. Four research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $582.31.

Insiders Place Their Bets

In other news, CEO H Lynn Moore, Jr. sold 6,250 shares of the stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $576.49, for a total transaction of $3,603,062.50. Following the completion of the transaction, the chief executive officer now directly owns 75,000 shares in the company, valued at approximately $43,236,750. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, insider John S. Marr, Jr. sold 6,000 shares of the business’s stock in a transaction dated Wednesday, June 5th. The shares were sold at an average price of $481.99, for a total value of $2,891,940.00. Following the completion of the sale, the insider now owns 6,983 shares of the company’s stock, valued at approximately $3,365,736.17. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO H Lynn Moore, Jr. sold 6,250 shares of the company’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $576.49, for a total transaction of $3,603,062.50. Following the completion of the sale, the chief executive officer now owns 75,000 shares in the company, valued at approximately $43,236,750. The disclosure for this sale can be found here. Insiders have sold 20,325 shares of company stock worth $11,068,068 in the last three months. 2.20% of the stock is owned by insiders.

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.