J. Safra Sarasin Holding AG Makes New $2.29 Million Investment in Tyler Technologies, Inc. (NYSE:TYL)

Key Points

• J. Safra Sarasin Holding AG has acquired a new stake in Tyler Technologies, Inc., purchasing 3,941 shares valued at approximately $2.29 million.
• Several large institutional investors, including LPL Financial LLC and Prudential PLC, have significantly increased their holdings in Tyler Technologies during the fourth quarter.
• Wall Street analysts have mixed opinions on Tyler Technologies, with price targets ranging from $610 to $750, reflecting a general consensus rating of "Moderate Buy."

J. Safra Sarasin Holding AG purchased a new stake in Tyler Technologies, Inc. (NYSE:TYL - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 3,941 shares of the technology company's stock, valued at approximately $2,291,000.

Other institutional investors have also bought and sold shares of the company. HighPoint Advisor Group LLC boosted its stake in Tyler Technologies by 10.9% in the 1st quarter. HighPoint Advisor Group LLC now owns 711 shares of the technology company's stock valued at $380,000 after buying an additional 70 shares in the last quarter. Exchange Traded Concepts LLC boosted its stake in Tyler Technologies by 12.6% in the first quarter. Exchange Traded Concepts LLC now owns 501 shares of the technology company's stock worth $291,000 after purchasing an additional 56 shares in the last quarter. Adage Capital Partners GP L.L.C. boosted its stake in Tyler Technologies by 20.7% in the fourth quarter. Adage Capital Partners GP L.L.C. now owns 42,500 shares of the technology company's stock worth $24,507,000 after purchasing an additional 7,300 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its stake in Tyler Technologies by 0.6% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 5,133 shares of the technology company's stock worth $2,984,000 after purchasing an additional 31 shares in the last quarter. Finally, CX Institutional acquired a new position in Tyler Technologies in the first quarter worth $176,000. Institutional investors and hedge funds own 93.30% of the company's stock.

Insiders Place Their Bets

In other news, 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 value of $3,072,195.00. Following the transaction, the chief executive officer owned 81,775 shares in the company, valued at approximately $47,853,094.50. This trade represents a 6.03% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Brenda A. Cline sold 2,500 shares of the firm's stock in a transaction on Friday, May 16th. The shares were sold at an average price of $577.41, for a total value of $1,443,525.00. Following the sale, the director directly owned 2,519 shares in the company, valued at approximately $1,454,495.79. This trade represents a 49.81% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 31,385 shares of company stock worth $18,025,522. 1.10% of the stock is currently owned by company insiders.

Tyler Technologies Stock Performance

Shares of NYSE TYL traded down $1.46 during trading hours on Tuesday, reaching $601.54. 42,101 shares of the stock were exchanged, compared to its average volume of 289,928. The firm has a market capitalization of $26.02 billion, a price-to-earnings ratio of 85.89, a P/E/G ratio of 4.50 and a beta of 0.85. Tyler Technologies, Inc. has a 52 week low of $513.52 and a 52 week high of $661.31. The stock's fifty day simple moving average is $574.54 and its 200 day simple moving average is $578.69.

Tyler Technologies (NYSE:TYL - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The technology company reported $2.91 EPS for the quarter, topping analysts' consensus estimates of $2.78 by $0.13. Tyler Technologies had a return on equity of 10.34% and a net margin of 13.66%. The firm had revenue of $584.01 million for the quarter, compared to analyst estimates of $587.59 million. During the same quarter last year, the company earned $2.40 EPS. The company's revenue was up 10.2% on a year-over-year basis. Research analysts predict that Tyler Technologies, Inc. will post 8.52 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have commented on TYL shares. Wall Street Zen lowered Tyler Technologies from a "buy" rating to a "hold" rating in a research note on Wednesday, May 21st. Robert W. Baird dropped their price objective on Tyler Technologies from $785.00 to $700.00 and set an "outperform" rating for the company in a report on Friday, April 25th. Needham & Company LLC reiterated a "buy" rating and issued a $750.00 price objective on shares of Tyler Technologies in a report on Tuesday, May 13th. Barclays increased their price target on Tyler Technologies from $695.00 to $715.00 and gave the stock an "overweight" rating in a report on Thursday, July 31st. Finally, Piper Sandler reduced their price objective on Tyler Technologies from $747.00 to $708.00 and set an "overweight" rating for the company in a research report on Friday, April 25th. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $686.91.

Tyler Technologies 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.