Nisa Investment Advisors LLC Sells 26 Shares of Tyler Technologies, Inc. $TYL

Nisa Investment Advisors LLC trimmed its holdings in Tyler Technologies, Inc. (NYSE:TYL) by 0.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 17,657 shares of the technology company’s stock after selling 26 shares during the period. Nisa Investment Advisors LLC’s holdings in Tyler Technologies were worth $10,468,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. HighPoint Advisor Group LLC lifted its position in shares of Tyler Technologies by 10.9% during the first quarter. HighPoint Advisor Group LLC now owns 711 shares of the technology company’s stock valued at $380,000 after purchasing an additional 70 shares in the last quarter. Lazard Freres Gestion S.A.S. bought a new position in shares of Tyler Technologies during the second quarter valued at about $1,185,000. Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in shares of Tyler Technologies by 61.2% during the second quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 9,747 shares of the technology company’s stock valued at $5,778,000 after purchasing an additional 3,699 shares in the last quarter. Callan Family Office LLC bought a new position in shares of Tyler Technologies during the second quarter valued at about $682,000. Finally, William Blair Investment Management LLC lifted its position in shares of Tyler Technologies by 16.2% during the second quarter. William Blair Investment Management LLC now owns 358,474 shares of the technology company’s stock valued at $212,518,000 after purchasing an additional 49,915 shares in the last quarter. 93.30% of the stock is owned by institutional investors.

Tyler Technologies Trading Up 0.2%

Shares of NYSE:TYL opened at $509.64 on Tuesday. The company has a 50 day moving average of $531.48 and a 200 day moving average of $556.87. The stock has a market cap of $22.05 billion, a P/E ratio of 72.81, a P/E/G ratio of 3.90 and a beta of 0.89. Tyler Technologies, Inc. has a 12 month low of $483.56 and a 12 month high of $661.31.

Tyler Technologies (NYSE:TYL) last issued its quarterly earnings data on Wednesday, July 30th. The technology company reported $2.91 EPS for the quarter, beating the consensus estimate of $2.78 by $0.13. The company had revenue of $584.01 million during the quarter, compared to analysts’ expectations of $587.59 million. Tyler Technologies had a net margin of 13.66% and a return on equity of 10.34%. Tyler Technologies’s revenue for the quarter was up 10.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.40 earnings per share. Tyler Technologies has set its FY 2025 guidance at 11.200-11.500 EPS. On average, equities analysts forecast that Tyler Technologies, Inc. will post 8.52 earnings per share for the current fiscal year.

Insider Activity at Tyler Technologies

In related news, CEO H Lynn Moore, Jr. sold 5,250 shares of the business’s stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $588.89, for a total transaction of $3,091,672.50. Following the completion of the transaction, the chief executive officer owned 81,775 shares of the company’s stock, valued at approximately $48,156,479.75. The trade was a 6.03% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Glenn A. Carter sold 750 shares of the business’s stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $538.30, for a total transaction of $403,725.00. Following the completion of the transaction, the director directly owned 3,172 shares of the company’s stock, valued at approximately $1,707,487.60. This represents a 19.12% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 19,500 shares of company stock valued at $11,148,043. Corporate insiders own 1.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. UBS Group reissued an “overweight” rating on shares of Tyler Technologies in a research report on Wednesday, October 8th. Barclays raised their price target on shares of Tyler Technologies from $695.00 to $715.00 and gave the company an “overweight” rating in a research report on Thursday, July 31st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Tyler Technologies in a research report on Tuesday, October 14th. Finally, DA Davidson lowered their price objective on shares of Tyler Technologies from $585.00 to $560.00 and set a “neutral” rating on the stock in a research report on Friday, October 10th. Seven research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $682.89.

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.