Nisa Investment Advisors LLC Trims Stock Holdings in Tyler Technologies, Inc. (NYSE:TYL)

Nisa Investment Advisors LLC reduced its stake in shares of Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 24.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor 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 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Swedbank AB acquired a new stake in shares of Tyler Technologies in the second quarter valued at approximately $251,390,000. International Assets Investment Management LLC grew its position in Tyler Technologies by 252,047.5% during the 3rd quarter. International Assets Investment Management LLC now owns 307,620 shares of the technology company's stock worth $179,564,000 after purchasing an additional 307,498 shares during the last quarter. Janus Henderson Group PLC increased its stake in 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 purchasing an additional 70,801 shares during the period. Quantum Capital Management LLC NJ raised its holdings in shares of Tyler Technologies by 179.4% in the first quarter. Quantum Capital Management LLC NJ now owns 107,760 shares of the technology company's stock valued at $45,799,000 after buying an additional 69,189 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD increased its position in Tyler Technologies by 18.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 424,982 shares of the technology company's stock valued at $180,622,000 after acquiring an additional 65,814 shares during the period. 93.30% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Tyler Technologies

In related news, CEO H Lynn Moore, Jr. sold 5,000 shares of the stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $576.62, for a total value of $2,883,100.00. Following the transaction, the chief executive officer now directly owns 75,000 shares of the company's stock, valued at approximately $43,246,500. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, Director Glenn A. Carter sold 3,350 shares of Tyler Technologies stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $582.57, for a total transaction of $1,951,609.50. Following the transaction, the director now owns 2,654 shares in the company, valued at approximately $1,546,140.78. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO H Lynn Moore, Jr. sold 5,000 shares of the company's stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $576.62, for a total value of $2,883,100.00. Following the completion of the sale, the chief executive officer now directly owns 75,000 shares of the company's stock, valued at $43,246,500. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 29,100 shares of company stock worth $16,890,717. 2.20% of the stock is owned by company insiders.

Tyler Technologies Price Performance

Shares of TYL traded down $9.17 during mid-day trading on Thursday, reaching $605.63. 250,674 shares of the company's stock were exchanged, compared to its average volume of 228,605. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.18. Tyler Technologies, Inc. has a 52-week low of $362.50 and a 52-week high of $631.43. The company has a market cap of $25.92 billion, a price-to-earnings ratio of 111.40, a PEG ratio of 5.53 and a beta of 0.78. The company has a 50-day simple moving average of $586.82 and a two-hundred day simple moving average of $531.57.

Tyler Technologies (NYSE:TYL - Get Free Report) last announced its earnings results on Wednesday, October 23rd. The technology company reported $2.52 EPS for the quarter, beating analysts' consensus estimates of $2.43 by $0.09. Tyler Technologies had a return on equity of 9.79% and a net margin of 11.39%. The firm had revenue of $543.34 million for the quarter, compared to analysts' expectations of $547.34 million. During the same quarter in the prior year, the firm earned $1.66 EPS. Tyler Technologies's quarterly revenue was up 9.8% on a year-over-year basis. On average, sell-side analysts predict that Tyler Technologies, Inc. will post 7.3 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have weighed in on TYL. Piper Sandler lifted their target price on Tyler Technologies from $625.00 to $701.00 and gave the company an "overweight" rating in a research note on Friday, October 25th. StockNews.com upgraded shares of Tyler Technologies from a "hold" rating to a "buy" rating in a research report on Friday, October 25th. BTIG Research raised their target price on shares of Tyler Technologies from $550.00 to $630.00 and gave the stock a "buy" rating in a research note on Friday, July 26th. The Goldman Sachs Group reaffirmed a "buy" rating and issued a $627.00 target price on shares of Tyler Technologies in a report on Friday, September 13th. Finally, Needham & Company LLC increased their price target on shares of Tyler Technologies from $600.00 to $700.00 and gave the stock a "buy" rating in a report on Tuesday, October 22nd. Two research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $642.62.

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.