Bank Julius Baer & Co. Ltd Zurich Sells 2,120 Shares of Tyler Technologies, Inc. $TYL

Bank Julius Baer & Co. Ltd Zurich lessened its holdings in shares of Tyler Technologies, Inc. (NYSE:TYL) by 34.0% in the fourth quarter, Holdings Channel.com reports. The fund owned 4,123 shares of the technology company’s stock after selling 2,120 shares during the period. Bank Julius Baer & Co. Ltd Zurich’s holdings in Tyler Technologies were worth $1,886,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Cerity Partners LLC grew its stake in Tyler Technologies by 0.6% in the second quarter. Cerity Partners LLC now owns 2,959 shares of the technology company’s stock worth $1,754,000 after purchasing an additional 19 shares during the period. Coldstream Capital Management Inc. grew its stake in Tyler Technologies by 2.0% in the third quarter. Coldstream Capital Management Inc. now owns 1,167 shares of the technology company’s stock worth $611,000 after purchasing an additional 23 shares during the period. Citizens Financial Group Inc. RI grew its stake in Tyler Technologies by 5.8% in the third quarter. Citizens Financial Group Inc. RI now owns 435 shares of the technology company’s stock worth $228,000 after purchasing an additional 24 shares during the period. Mesirow Financial Investment Management Inc. grew its stake in Tyler Technologies by 0.8% in the third quarter. Mesirow Financial Investment Management Inc. now owns 3,008 shares of the technology company’s stock worth $1,573,000 after purchasing an additional 25 shares during the period. Finally, Signaturefd LLC grew its stake in Tyler Technologies by 4.4% in the fourth quarter. Signaturefd LLC now owns 640 shares of the technology company’s stock worth $291,000 after purchasing an additional 27 shares during the period. Institutional investors own 93.30% of the company’s stock.

Insider Transactions at Tyler Technologies

In related news, Director Andrew D. Teed bought 1,600 shares of the business’s stock in a transaction dated Monday, February 23rd. The shares were purchased at an average cost of $309.91 per share, with a total value of $495,856.00. Following the completion of the purchase, the director owned 5,118 shares in the company, valued at approximately $1,586,119.38. The trade was a 45.48% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Glenn A. Carter sold 1,624 shares of the stock in a transaction on Thursday, March 12th. The stock was sold at an average price of $349.14, for a total value of $567,003.36. Following the completion of the sale, the director directly owned 5,298 shares in the company, valued at approximately $1,849,743.72. This represents a 23.46% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 7,298 shares of company stock valued at $2,658,721. 1.10% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Truist Financial set a $440.00 price target on Tyler Technologies in a research note on Friday, May 1st. Cantor Fitzgerald upped their price target on Tyler Technologies from $325.00 to $360.00 and gave the stock a “neutral” rating in a research note on Friday, May 1st. Needham & Company LLC reaffirmed a “buy” rating and issued a $750.00 price target on shares of Tyler Technologies in a research note on Tuesday, February 3rd. BTIG Research reduced their price target on Tyler Technologies from $470.00 to $420.00 and set a “buy” rating on the stock in a research note on Friday, April 10th. Finally, Robert W. Baird set a $455.00 price target on Tyler Technologies in a research report on Friday, May 1st. Twelve research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $468.53.

Tyler Technologies Trading Up 4.2%

NYSE TYL opened at $311.76 on Friday. Tyler Technologies, Inc. has a 12 month low of $283.71 and a 12 month high of $621.34. The stock has a market cap of $13.15 billion, a P/E ratio of 43.06, a P/E/G ratio of 2.02 and a beta of 0.86. The stock’s fifty day moving average price is $337.29 and its 200-day moving average price is $394.89.

Tyler Technologies (NYSE:TYL) last released its earnings results on Wednesday, April 29th. The technology company reported $3.09 EPS for the quarter, topping analysts’ consensus estimates of $3.01 by $0.08. Tyler Technologies had a return on equity of 10.74% and a net margin of 13.26%.The firm had revenue of $613.50 million for the quarter, compared to analysts’ expectations of $608.66 million. During the same period in the prior year, the firm posted $2.78 earnings per share. The company’s quarterly revenue was up 8.5% on a year-over-year basis. Tyler Technologies has set its FY 2026 guidance at 12.500-12.750 EPS. As a group, analysts forecast that Tyler Technologies, Inc. will post 9.89 earnings per share for the current fiscal year.

Tyler Technologies Profile

Tyler Technologies, Inc is a provider of software and technology services for the public sector, delivering integrated systems that help government and public agencies manage operations, finances and citizen services. Headquartered in Plano, Texas, the company focuses on developing and implementing solutions for local and state governments, school districts, courts and public safety organizations. Its offerings are aimed at modernizing administrative workflows, improving transparency and enabling digital interactions between governments and the communities they serve.

Tyler’s product portfolio spans enterprise resource planning and financial management, tax and billing systems, court case and records management, public safety solutions (including computer-aided dispatch and records management), land and property management, permitting and licensing, and enterprise asset management.