Bank Julius Baer & Co. Ltd Zurich Sells 3,096 Shares of Tyler Technologies, Inc. $TYL

Bank Julius Baer & Co. Ltd Zurich reduced its holdings in Tyler Technologies, Inc. (NYSE:TYL) by 19.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 12,702 shares of the technology company’s stock after selling 3,096 shares during the period. Bank Julius Baer & Co. Ltd Zurich’s holdings in Tyler Technologies were worth $7,782,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of TYL. Vanguard Group Inc. increased its position in Tyler Technologies by 2.0% during the second quarter. Vanguard Group Inc. now owns 5,570,120 shares of the technology company’s stock worth $3,302,190,000 after acquiring an additional 110,957 shares during the period. Geode Capital Management LLC increased its holdings in shares of Tyler Technologies by 2.6% during the 2nd quarter. Geode Capital Management LLC now owns 1,206,406 shares of the technology company’s stock worth $713,144,000 after purchasing an additional 30,686 shares during the period. Massachusetts Financial Services Co. MA raised its position in shares of Tyler Technologies by 4.0% during the second quarter. Massachusetts Financial Services Co. MA now owns 1,038,481 shares of the technology company’s stock valued at $615,653,000 after buying an additional 39,554 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of Tyler Technologies by 3.1% during the first quarter. JPMorgan Chase & Co. now owns 480,085 shares of the technology company’s stock valued at $279,117,000 after buying an additional 14,219 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its stake in shares of Tyler Technologies by 17.2% in the first quarter. Goldman Sachs Group Inc. now owns 428,304 shares of the technology company’s stock valued at $249,012,000 after buying an additional 62,889 shares during the period. 93.30% of the stock is currently owned by institutional investors and hedge funds.

Tyler Technologies Price Performance

Shares of TYL stock opened at $472.50 on Friday. The stock’s fifty day simple moving average is $498.32 and its 200 day simple moving average is $545.82. Tyler Technologies, Inc. has a one year low of $450.00 and a one year high of $661.31. The firm has a market cap of $20.33 billion, a price-to-earnings ratio of 65.72, a P/E/G ratio of 3.67 and a beta of 0.93.

Tyler Technologies (NYSE:TYL) last issued its quarterly earnings data on Wednesday, October 29th. The technology company reported $2.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.88 by $0.09. Tyler Technologies had a return on equity of 10.64% and a net margin of 13.72%.The company had revenue of $595.88 million during the quarter, compared to analysts’ expectations of $594.34 million. During the same period last year, the business earned $2.52 earnings per share. The business’s revenue was up 10.2% on a year-over-year basis. Tyler Technologies has set its FY 2025 guidance at 11.300-11.500 EPS. On average, research analysts anticipate that Tyler Technologies, Inc. will post 8.52 earnings per share for the current year.

Wall Street Analysts Forecast Growth

TYL has been the topic of several research reports. UBS Group restated an “overweight” rating on shares of Tyler Technologies in a research note on Wednesday, October 8th. DA Davidson lowered their price objective on Tyler Technologies from $560.00 to $540.00 and set a “neutral” rating on the stock in a research report on Friday, October 31st. Oppenheimer reaffirmed an “outperform” rating and issued a $600.00 target price on shares of Tyler Technologies in a research report on Thursday, October 30th. Evercore ISI reiterated a “positive” rating on shares of Tyler Technologies in a research note on Friday, October 31st. Finally, Robert W. Baird set a $660.00 price objective on shares of Tyler Technologies in a research note on Friday, October 31st. Nine investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $660.09.

Insider Transactions at Tyler Technologies

In other news, Director Glenn A. Carter sold 750 shares of Tyler Technologies stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $538.30, for a total value of $403,725.00. Following the completion of the transaction, the director owned 3,172 shares in the company, valued at approximately $1,707,487.60. The trade was a 19.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider John S. Marr, Jr. sold 4,250 shares of the stock in a transaction that occurred on Thursday, August 28th. The stock was sold at an average price of $555.53, for a total value of $2,361,002.50. Following the sale, the insider owned 6,983 shares in the company, valued at approximately $3,879,265.99. This trade represents a 37.83% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 9,000 shares of company stock worth $5,007,328. Company insiders own 1.10% of the company’s stock.

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.