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Tower Research Capital LLC Increases Holdings in Evergy, Inc., Tyler Technologies, Inc., Axon Enterprise, Inc., Graco Inc., and Franklin Electric Co., Inc.

2024-06-09 10:59:58.382000

Tower Research Capital LLC TRC increased its holdings in Evergy, Inc. (NYSE:EVRG) by 277.5% during the 4th quarter, according to its filing with the Securities and Exchange Commission (SEC). The institutional investor owned 47,639 shares of Evergy's stock after acquiring an additional 35,020 shares during the quarter. Tower Research Capital LLC TRC's holdings in Evergy were worth $2,487,000 at the end of the quarter. Other institutional investors and hedge funds have also modified their holdings of EVRG. Vanguard Group Inc. now owns 29,358,216 shares of the company's stock worth $1,488,462,000 after buying an additional 186,235 shares in the last quarter. Invesco Ltd. now owns 5,379,004 shares of the company's stock valued at $272,716,000 after purchasing an additional 261,664 shares during the period. Northern Trust Corp now owns 2,958,136 shares of the company's stock valued at $149,977,000 after purchasing an additional 40,916 shares during the period. Federated Hermes Inc. now owns 2,942,415 shares of the company's stock valued at $153,594,000 after purchasing an additional 860,433 shares during the period. American Century Companies Inc. now owns 2,670,913 shares of the company's stock valued at $135,415,000 after purchasing an additional 277,892 shares during the period. Evergy's stock has a consensus rating of 'Moderate Buy' and an average price target of $57.83. [48671ed3]

Tower Research Capital LLC TRC also increased its stake in Tyler Technologies, Inc. (NYSE:TYL) by 46.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 6,360 shares of the technology company's stock after purchasing an additional 2,026 shares during the period. Tower Research Capital LLC TRC's holdings in Tyler Technologies were worth $2,659,000 as of its most recent filing with the SEC. Several other large investors have also recently bought and sold shares of TYL. Atria Wealth Solutions Inc. boosted its position in Tyler Technologies by 16.3% during the third quarter. Atria Wealth Solutions Inc. now owns 4,515 shares of the technology company's stock valued at $1,743,000 after purchasing an additional 633 shares during the last quarter. Janney Montgomery Scott LLC lifted its position in shares of Tyler Technologies by 0.4% in the third quarter. Janney Montgomery Scott LLC now owns 10,931 shares of the technology company's stock valued at $4,221,000 after buying an additional 46 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Tyler Technologies by 1.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 365,281 shares of the technology company's stock valued at $141,050,000 after buying an additional 6,187 shares during the last quarter. Pathstone Family Office LLC lifted its position in shares of Tyler Technologies by 51.1% in the third quarter. Pathstone Family Office LLC now owns 1,209 shares of the technology company's stock valued at $467,000 after buying an additional 409 shares during the last quarter. Finally, UBS Group AG lifted its position in shares of Tyler Technologies by 7.8% in the third quarter. UBS Group AG now owns 52,779 shares of the technology company's stock valued at $20,380,000 after buying an additional 3,810 shares during the last quarter. 93.30% of the stock is owned by institutional investors and hedge funds. Tyler Technologies has a one year low of $361.16 and a one year high of $500.49. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.94 and a quick ratio of 0.94. The firm has a market cap of $20.46 billion, a PE ratio of 109.01, a price-to-earnings-growth ratio of 4.53 and a beta of 0.74. Tyler Technologies last posted its quarterly earnings data on Wednesday, April 24th. The technology company reported $1.74 EPS for the quarter, topping analysts' consensus estimates of $1.48 by $0.26. Tyler Technologies had a return on equity of 9.35% and a net margin of 9.50%. The firm had revenue of $512.36 million for the quarter, compared to analyst estimates of $507.79 million. As a group, research analysts expect that Tyler Technologies will post 7.1 EPS for the current fiscal year. Insiders have sold a total of 31,941 shares of company stock worth $14,893,296 in the last 90 days. Company insiders own 2.20% of the company's stock. A number of analysts have recently issued reports on the stock. Oppenheimer raised their price objective on Tyler Technologies from $500.00 to $550.00 and gave the company an 'outperform' rating in a research report on Wednesday, May 22nd. Robert W. Baird raised their price objective on Tyler Technologies from $500.00 to $525.00 and gave the company an 'outperform' rating in a research report on Friday, April 26th. JMP Securities reiterated a 'market outperform' rating and set a $490.00 target price on shares of Tyler Technologies in a research note on Friday, April 26th. DA Davidson increased their target price on Tyler Technologies from $412.00 to $434.00 and gave the stock a 'neutral' rating in a research note on Thursday, February 22nd. Finally, Loop Capital increased their target price on Tyler Technologies from $485.00 to $530.00 and gave the stock a 'buy' rating in a research note on Tuesday, May 21st. Three analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of 'Moderate Buy' and an average target price of $519.09. [48671ed3]

Tower Research Capital LLC TRC raised its position in Axon Enterprise, Inc. (NASDAQ:AXON) by 148.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,254 shares of the biotechnology company's stock after acquiring an additional 5,525 shares during the quarter. Axon Enterprise, Inc. develops, manufactures, and sells conducted energy devices (CEDs) under the TASER brand in the United States and internationally. The company also offers hardware and cloud-based software solutions that enable law enforcement to capture, securely store, manage, share, and analyze video and other digital evidence. The biotechnology company reported $1.15 EPS for the quarter, beating the consensus estimate of $0.95 by $0.20. The firm had revenue of $460.74 million during the quarter, compared to the consensus estimate of $441.57 million. Axon Enterprise had a net margin of 15.60% and a return on equity of 11.71%. Axon Enterprise's revenue for the quarter was up 34.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.51 EPS. Sell-side analysts expect that Axon Enterprise, Inc. will post 2.35 earnings per share for the current year. [48671ed3]

Tower Research Capital LLC TRC has increased its stake in Graco Inc. (NYSE:GGG) by 334.4% during the fourth quarter, purchasing an additional 23,494 shares. Tower Research Capital LLC TRC now owns a total of 30,520 shares of Graco Inc., valued at $2,648,000. Other large investors have also modified their holdings of GGG, including Norges Bank, TD Asset Management Inc, Vanguard Group Inc., PineStone Asset Management Inc., and Maren Capital LLC. Several brokerages have recently commented on GGG, with Robert W. Baird lowering the price target on the stock from $90.00 to $87.00 and giving it a 'neutral' rating. Graco Inc. designs, manufactures, and markets systems and equipment used to move, measure, control, dispense, and spray fluid and powder materials worldwide. [48671ed3]

Tower Research Capital LLC TRC increased its position in Franklin Electric Co., Inc. (NASDAQ:FELE) by 561.1% in the fourth quarter, purchasing an additional 21,192 shares. Other large investors have also made changes to their positions in the company. Norges Bank bought a new stake in shares of Franklin Electric in the 4th quarter valued at $48,711,000. Charles Schwab Investment Management Inc. increased its holdings in Franklin Electric by 1.8% during the 4th quarter. Franklin Electric stock opened at $96.40 on Friday. The company has a market cap of $4.44 billion and a beta of 0.97. Franklin Electric last posted its quarterly earnings data on Tuesday, April 30th. The industrial products company reported $0.70 EPS for the quarter, missing analysts' consensus estimates of $0.74 by ($0.04). Franklin Electric had a return on equity of 15.86% and a net margin of 9.25%. The company's quarterly revenue was down 4.9% on a year-over-year basis. Franklin Electric also announced a quarterly dividend, which was paid on Thursday, May 16th. Investors of record on Thursday, May 2nd were paid a $0.25 dividend. The ex-dividend date of this dividend was Wednesday, May 1st. Franklin Electric's dividend payout ratio (DPR) is currently 24.88%. FELE has been the subject of a number of research reports. Robert W. Baird increased their target price on Franklin Electric from $91.00 to $100.00 and gave the stock a 'neutral' rating in a report on Wednesday, February 14th. Franklin Electric Co, Inc, together with its subsidiaries, designs, manufactures, and distributes water and fuel pumping systems worldwide. The company operates through Water Systems, Fueling Systems, and Distribution segments. The Water Systems segment offers submersible motors, drives, pumps, electronic controls, water treatment systems, monitoring devices, and related parts and equipment. [bc72b969]

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