Nisa Investment Advisors LLC Has $10.70 Million Position in Tyler Technologies, Inc. (NYSE:TYL)

Nisa Investment Advisors LLC reduced its holdings in Tyler Technologies, Inc. (NYSE:TYL) by 24.4% during the 3rd quarter, HoldingsChannel reports. The firm owned 18,331 shares of the technology company’s stock after selling 5,915 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Tyler Technologies were worth $10,700,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Vanguard Group Inc. grew its position in shares of Tyler Technologies by 1.1% in the first quarter. Vanguard Group Inc. now owns 5,022,053 shares of the technology company’s stock valued at $2,134,423,000 after purchasing an additional 53,005 shares during the last quarter. APG Asset Management N.V. lifted its stake in shares of Tyler Technologies by 1.4% in the second quarter. APG Asset Management N.V. now owns 1,507,062 shares of the technology company’s stock valued at $706,994,000 after buying an additional 20,842 shares during the period. Janus Henderson Group PLC lifted its stake in shares of Tyler Technologies by 15.3% in the first quarter. Janus Henderson Group PLC now owns 532,935 shares of the technology company’s stock valued at $226,501,000 after buying an additional 70,801 shares during the period. Swedbank AB bought a new stake in shares of Tyler Technologies in the second quarter valued at about $251,390,000. Finally, Blair William & Co. IL lifted its stake in shares of Tyler Technologies by 0.5% in the first quarter. Blair William & Co. IL now owns 463,612 shares of the technology company’s stock valued at $197,040,000 after buying an additional 2,134 shares during the period. 93.30% of the stock is owned by institutional investors and hedge funds.

Tyler Technologies Stock Performance

NYSE:TYL opened at $614.86 on Thursday. Tyler Technologies, Inc. has a 1 year low of $362.50 and a 1 year high of $631.43. The firm has a 50 day moving average of $586.14 and a 200-day moving average of $530.98. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of $26.32 billion, a P/E ratio of 112.20, a price-to-earnings-growth ratio of 5.53 and a beta of 0.78.

Tyler Technologies (NYSE:TYL) last posted its earnings results on Wednesday, October 23rd. The technology company reported $2.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.43 by $0.09. Tyler Technologies had a net margin of 11.39% and a return on equity of 9.79%. The company had revenue of $543.34 million during the quarter, compared to analysts’ expectations of $547.34 million. During the same quarter in the previous year, the company posted $1.66 earnings per share. Tyler Technologies’s quarterly revenue was up 9.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that Tyler Technologies, Inc. will post 7.3 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on TYL shares. Evercore ISI upgraded shares of Tyler Technologies to a “hold” rating in a research note on Friday, July 26th. Truist Financial reiterated a “buy” rating and issued a $685.00 target price (up previously from $600.00) on shares of Tyler Technologies in a research note on Friday, October 25th. The Goldman Sachs Group reiterated a “buy” rating and issued a $627.00 target price on shares of Tyler Technologies in a research note on Friday, September 13th. Needham & Company LLC raised their price target on shares of Tyler Technologies from $600.00 to $700.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. Finally, StockNews.com upgraded shares of Tyler Technologies from a “hold” rating to a “buy” rating in a research note on Friday, October 25th. Two research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $642.62.

Insider Activity at Tyler Technologies

In related news, CFO Brian K. Miller sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $567.96, for a total value of $1,135,920.00. Following the completion of the sale, the chief financial officer now owns 11,950 shares of the company’s stock, valued at $6,787,122. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, CFO Brian K. Miller sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $567.96, for a total value of $1,135,920.00. Following the completion of the sale, the chief financial officer now owns 11,950 shares of the company’s stock, valued at $6,787,122. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO H Lynn Moore, Jr. sold 6,250 shares of the firm’s stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $576.49, for a total transaction of $3,603,062.50. Following the completion of the sale, the chief executive officer now directly owns 75,000 shares of the company’s stock, valued at approximately $43,236,750. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 29,100 shares of company stock valued at $16,890,717 over the last quarter. Corporate insiders own 2.20% of the company’s stock.

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.