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

Bank Julius Baer & Co. Ltd Zurich decreased its holdings in Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 53.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,798 shares of the technology company's stock after selling 18,132 shares during the period. Bank Julius Baer & Co. Ltd Zurich's holdings in Tyler Technologies were worth $9,321,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Integrated Wealth Concepts LLC grew its stake in Tyler Technologies by 2.3% during the fourth quarter. Integrated Wealth Concepts LLC now owns 786 shares of the technology company's stock valued at $453,000 after acquiring an additional 18 shares in the last quarter. AdvisorNet Financial Inc grew its stake in Tyler Technologies by 7.0% during the first quarter. AdvisorNet Financial Inc now owns 291 shares of the technology company's stock valued at $169,000 after acquiring an additional 19 shares in the last quarter. Leelyn Smith LLC grew its stake in Tyler Technologies by 0.9% during the first quarter. Leelyn Smith LLC now owns 2,122 shares of the technology company's stock valued at $1,234,000 after acquiring an additional 19 shares in the last quarter. Benjamin Edwards Inc. grew its stake in Tyler Technologies by 1.5% during the fourth quarter. Benjamin Edwards Inc. now owns 1,526 shares of the technology company's stock valued at $880,000 after acquiring an additional 22 shares in the last quarter. Finally, MV Capital Management Inc. grew its stake in Tyler Technologies by 42.9% during the first quarter. MV Capital Management Inc. now owns 80 shares of the technology company's stock valued at $47,000 after acquiring an additional 24 shares in the last quarter. Hedge funds and other institutional investors own 93.30% of the company's stock.

Tyler Technologies Trading Down 0.8%

Shares of TYL traded down $4.40 during mid-day trading on Friday, reaching $555.52. The company's stock had a trading volume of 424,851 shares, compared to its average volume of 270,467. The stock has a market cap of $23.95 billion, a PE ratio of 83.66, a P/E/G ratio of 4.35 and a beta of 0.84. Tyler Technologies, Inc. has a 52 week low of $513.52 and a 52 week high of $661.31. The company's fifty day moving average price is $574.26 and its two-hundred day moving average price is $578.49.

Tyler Technologies (NYSE:TYL - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The technology company reported $2.78 earnings per share for the quarter, topping analysts' consensus estimates of $2.56 by $0.22. The firm had revenue of $562.43 million during the quarter, compared to analyst estimates of $556.45 million. Tyler Technologies had a net margin of 13.23% and a return on equity of 10.29%. The business's quarterly revenue was up 10.3% on a year-over-year basis. During the same period in the previous year, the business posted $2.20 EPS. Research analysts anticipate that Tyler Technologies, Inc. will post 8.52 EPS for the current year.

Insider Transactions at Tyler Technologies

In related news, insider John S. Marr, Jr. sold 4,000 shares of Tyler Technologies stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $568.66, for a total value of $2,274,640.00. Following the transaction, the insider directly owned 6,983 shares of the company's stock, valued at $3,970,952.78. The trade was a 36.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO H Lynn Moore, Jr. sold 5,250 shares of Tyler Technologies stock in a transaction on Tuesday, June 10th. The stock was sold at an average price of $585.18, for a total transaction of $3,072,195.00. Following the completion of the transaction, the chief executive officer directly owned 81,775 shares in the company, valued at approximately $47,853,094.50. The trade was a 6.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 26,500 shares of company stock worth $15,177,230. Corporate insiders own 1.10% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Needham & Company LLC reaffirmed a "buy" rating and set a $750.00 price objective on shares of Tyler Technologies in a research note on Tuesday, May 13th. Piper Sandler reduced their price objective on shares of Tyler Technologies from $747.00 to $708.00 and set an "overweight" rating for the company in a research note on Friday, April 25th. Barclays reduced their price objective on shares of Tyler Technologies from $700.00 to $695.00 and set an "overweight" rating for the company in a research note on Friday, April 25th. Wall Street Zen lowered shares of Tyler Technologies from a "buy" rating to a "hold" rating in a research report on Wednesday, May 21st. Finally, Cantor Fitzgerald assumed coverage on shares of Tyler Technologies in a research report on Tuesday, June 3rd. They set a "neutral" rating and a $600.00 target price for the company. Five research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $680.50.

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.