Nisa Investment Advisors LLC Has $7.77 Million Stock Position in Tyler Technologies, Inc. $TYL

Nisa Investment Advisors LLC cut its position in Tyler Technologies, Inc. (NYSE:TYL) by 15.9% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 14,856 shares of the technology company’s stock after selling 2,801 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Tyler Technologies were worth $7,772,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. DLD Asset Management LP acquired a new position in Tyler Technologies during the 2nd quarter worth approximately $5,780,190,000. Vanguard Group Inc. increased its holdings in shares of Tyler Technologies by 2.0% during the second quarter. Vanguard Group Inc. now owns 5,570,120 shares of the technology company’s stock valued at $3,302,190,000 after acquiring an additional 110,957 shares in the last quarter. State Street Corp increased its holdings in shares of Tyler Technologies by 4.5% during the second quarter. State Street Corp now owns 1,913,672 shares of the technology company’s stock valued at $1,134,501,000 after acquiring an additional 81,679 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Tyler Technologies by 2.6% during the second 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. Finally, Norges Bank bought a new position in shares of Tyler Technologies in the 2nd quarter worth $712,276,000. 93.30% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have commented on TYL shares. Oppenheimer restated an “outperform” rating and set a $600.00 price target on shares of Tyler Technologies in a research note on Thursday, October 30th. Stifel Nicolaus began coverage on shares of Tyler Technologies in a report on Wednesday. They set a “buy” rating and a $550.00 price objective for the company. Cowen started coverage on shares of Tyler Technologies in a research report on Friday, December 12th. They set a “buy” rating for the company. UBS Group restated an “overweight” rating on shares of Tyler Technologies in a report on Wednesday, October 8th. Finally, Wells Fargo & Company dropped their price target on shares of Tyler Technologies from $525.00 to $470.00 and set an “equal weight” rating on the stock in a research report on Thursday. Thirteen analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $632.21.

Tyler Technologies Price Performance

NYSE TYL opened at $448.64 on Friday. The company has a fifty day moving average price of $459.86 and a 200-day moving average price of $517.24. The firm has a market cap of $19.30 billion, a price-to-earnings ratio of 62.40, a PEG ratio of 3.04 and a beta of 0.91. Tyler Technologies, Inc. has a 1 year low of $430.00 and a 1 year high of $661.31.

Tyler Technologies (NYSE:TYL) last released its quarterly earnings results on Wednesday, October 29th. The technology company reported $2.97 earnings per share for the quarter, beating analysts’ consensus estimates of $2.88 by $0.09. Tyler Technologies had a net margin of 13.72% and a return on equity of 10.57%. The company had revenue of $595.88 million for the quarter, compared to analyst estimates of $594.34 million. During the same period last year, the firm earned $2.52 earnings per share. The firm’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 EPS for the current fiscal year.

Insider Activity at Tyler Technologies

In other Tyler Technologies news, CFO Brian K. Miller sold 1,000 shares of the business’s stock in a transaction on Tuesday, November 25th. The stock was sold at an average price of $469.08, for a total value of $469,080.00. Following the transaction, the chief financial officer owned 12,781 shares of the company’s stock, valued at approximately $5,995,311.48. The trade was a 7.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Glenn A. Carter sold 500 shares of the company’s stock in a transaction on Friday, December 12th. The shares were sold at an average price of $458.73, for a total value of $229,365.00. Following the completion of the transaction, the director owned 3,172 shares of the company’s stock, valued at $1,455,091.56. This trade represents a 13.62% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 3,500 shares of company stock valued at $1,605,605. 1.10% of the stock is currently owned by corporate insiders.

About Tyler Technologies

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.