Azzad Asset Management Inc. ADV Has $3.98 Million Holdings in Tyler Technologies, Inc. $TYL

Azzad Asset Management Inc. ADV lifted its stake in shares of Tyler Technologies, Inc. (NYSE:TYL) by 35.5% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 7,598 shares of the technology company’s stock after acquiring an additional 1,990 shares during the quarter. Azzad Asset Management Inc. ADV’s holdings in Tyler Technologies were worth $3,975,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in TYL. Smartleaf Asset Management LLC lifted its holdings in Tyler Technologies by 14.7% in the 3rd quarter. Smartleaf Asset Management LLC now owns 648 shares of the technology company’s stock worth $343,000 after purchasing an additional 83 shares during the last quarter. ABN AMRO Bank N.V. grew its holdings in Tyler Technologies by 9.6% during the third quarter. ABN AMRO Bank N.V. now owns 2,439 shares of the technology company’s stock valued at $1,272,000 after purchasing an additional 213 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S raised its position in shares of Tyler Technologies by 61.2% in the third quarter. BI Asset Management Fondsmaeglerselskab A S now owns 3,453 shares of the technology company’s stock valued at $1,806,000 after purchasing an additional 1,311 shares during the period. Optimize Financial Inc bought a new position in shares of Tyler Technologies in the third quarter valued at approximately $1,291,000. Finally, Machina Capital S.A.S. acquired a new stake in shares of Tyler Technologies in the third quarter worth $335,000. 93.30% of the stock is owned by institutional investors.

Tyler Technologies Stock Up 2.2%

TYL stock opened at $348.49 on Friday. Tyler Technologies, Inc. has a twelve month low of $320.23 and a twelve month high of $661.31. The company has a market cap of $15.00 billion, a PE ratio of 48.47, a price-to-earnings-growth ratio of 2.35 and a beta of 0.91. The business’s 50-day simple moving average is $436.77 and its 200 day simple moving average is $494.01.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on TYL. TD Cowen reiterated a “buy” rating on shares of Tyler Technologies in a research note on Wednesday. BTIG Research started coverage on shares of Tyler Technologies in a report on Tuesday, December 16th. They set a “buy” rating and a $560.00 price target for the company. Evercore reiterated a “positive” rating on shares of Tyler Technologies in a research note on Friday, October 31st. Weiss Ratings reissued a “hold (c)” rating on shares of Tyler Technologies in a research report on Friday, January 9th. Finally, Oppenheimer lowered their target price on Tyler Technologies from $600.00 to $510.00 and set an “outperform” rating on the stock in a report on Friday, January 23rd. Twelve research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, Tyler Technologies has a consensus rating of “Moderate Buy” and an average price target of $607.57.

Insider Activity at Tyler Technologies

In other news, CFO Brian K. Miller sold 1,000 shares of Tyler Technologies stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of $448.51, for a total transaction of $448,510.00. Following the sale, the chief financial officer owned 17,148 shares of the company’s stock, valued at approximately $7,691,049.48. This trade represents a 5.51% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 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. The trade was a 13.62% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 3,500 shares of company stock worth $1,605,605 in the last three months. 1.10% of the stock is owned by insiders.

Tyler Technologies Company 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.