Nisa Investment Advisors LLC Cuts Holdings in Tyler Technologies, Inc. $TYL

Nisa Investment Advisors LLC lessened its stake in Tyler Technologies, Inc. (NYSE:TYL) by 0.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). 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 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Mowery & Schoenfeld Wealth Management LLC grew its stake in Tyler Technologies by 820.0% in the 1st quarter. Mowery & Schoenfeld Wealth Management LLC now owns 46 shares of the technology company’s stock worth $27,000 after buying an additional 41 shares in the last quarter. Generali Asset Management SPA SGR bought a new stake in shares of Tyler Technologies in the 2nd quarter worth approximately $30,000. Cornerstone Planning Group LLC lifted its holdings in shares of Tyler Technologies by 221.1% in the 1st quarter. Cornerstone Planning Group LLC now owns 61 shares of the technology company’s stock worth $35,000 after acquiring an additional 42 shares during the last quarter. Zions Bancorporation National Association UT bought a new stake in shares of Tyler Technologies in the 1st quarter worth approximately $38,000. Finally, Advisors Asset Management Inc. bought a new stake in shares of Tyler Technologies in the 1st quarter worth approximately $38,000. Hedge funds and other institutional investors own 93.30% of the company’s stock.

Tyler Technologies Stock Up 0.2%

NYSE:TYL opened at $509.64 on Tuesday. The company has a fifty day moving average of $531.48 and a 200 day moving average of $556.87. The firm has a market capitalization 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 52 week low of $483.56 and a 52 week high of $661.31.

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

Analyst Upgrades and Downgrades

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

Insider Buying and Selling at Tyler Technologies

In other Tyler Technologies news, insider John S. Marr, Jr. sold 4,250 shares of the business’s stock in a transaction on Thursday, August 28th. The shares were sold at an average price of $555.53, for a total transaction of $2,361,002.50. Following the transaction, the insider directly owned 6,983 shares of the company’s stock, valued at approximately $3,879,265.99. The trade was a 37.83% 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 750 shares of the business’s stock in a transaction on Monday, September 15th. The shares were sold at an average price of $538.30, for a total transaction of $403,725.00. Following the transaction, the director directly owned 3,172 shares in the company, valued at approximately $1,707,487.60. The trade was a 19.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 19,500 shares of company stock valued at $11,148,043. 1.10% of the stock is currently owned by company insiders.

Tyler Technologies Company 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.