Bank Julius Baer & Co. Ltd Zurich Increases Stock Holdings in Tyler Technologies, Inc. (NYSE:TYL)

Bank Julius Baer & Co. Ltd Zurich raised its position in shares of Tyler Technologies, Inc. (NYSE:TYL) by 17.3% in the fourth quarter, Holdings Channel.com reports. The fund owned 33,930 shares of the technology company’s stock after buying an additional 4,998 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich’s holdings in Tyler Technologies were worth $19,842,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. QRG Capital Management Inc. raised its stake in Tyler Technologies by 21.1% during the third quarter. QRG Capital Management Inc. now owns 940 shares of the technology company’s stock valued at $549,000 after buying an additional 164 shares in the last quarter. Portside Wealth Group LLC acquired a new stake in Tyler Technologies during the third quarter valued at approximately $259,000. Assetmark Inc. raised its stake in Tyler Technologies by 9.4% during the third quarter. Assetmark Inc. now owns 9,910 shares of the technology company’s stock valued at $5,785,000 after buying an additional 854 shares in the last quarter. Maiden Cove Capital LLC acquired a new stake in Tyler Technologies during the third quarter valued at approximately $583,000. Finally, Ashton Thomas Securities LLC acquired a new stake in Tyler Technologies during the third quarter valued at approximately $27,000. Hedge funds and other institutional investors own 93.30% of the company’s stock.

Tyler Technologies Price Performance

TYL opened at $589.02 on Friday. The stock has a fifty day moving average of $599.93 and a 200-day moving average of $598.58. The firm has a market capitalization of $25.34 billion, a P/E ratio of 97.20, a PEG ratio of 4.93 and a beta of 0.80. Tyler Technologies, Inc. has a 12-month low of $397.80 and a 12-month high of $661.31. 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 (NYSE:TYL) last announced 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%. Equities analysts forecast that Tyler Technologies, Inc. will post 8.52 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have issued reports on TYL. The Goldman Sachs Group upped their price objective on Tyler Technologies from $660.00 to $728.00 and gave the company a “buy” rating in a research note on Tuesday, February 18th. Truist Financial reaffirmed a “buy” rating and set a $775.00 target price (up from $685.00) on shares of Tyler Technologies in a report on Friday, February 14th. StockNews.com lowered Tyler Technologies from a “buy” rating to a “hold” rating in a report on Monday, February 24th. Barclays increased their price objective on Tyler Technologies from $705.00 to $715.00 and gave the stock an “overweight” rating in a report on Friday, February 14th. Finally, Wells Fargo & Company reissued an “equal weight” rating and issued a $615.00 price objective (down from $670.00) on shares of Tyler Technologies in a report on Tuesday, January 7th. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, Tyler Technologies currently has an average rating of “Moderate Buy” and a consensus target price of $676.25.

Insiders Place Their Bets

In related news, CFO Brian K. Miller sold 1,550 shares of the stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $613.58, for a total value of $951,049.00. Following the completion of the sale, the chief financial officer now owns 14,026 shares in the company, valued at approximately $8,606,073.08. This trade represents a 9.95 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO H Lynn Moore, Jr. sold 6,514 shares of the firm’s stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $617.59, for a total transaction of $4,022,981.26. Following the transaction, the chief executive officer now owns 75,734 shares of the company’s stock, valued at approximately $46,772,561.06. This represents a 7.92 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 14,816 shares of company stock valued at $9,118,070 over the last three months. 2.20% of the stock is currently owned by insiders.

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.