Nisa Investment Advisors LLC Has $10.28 Million Stock Position in Tyler Technologies, Inc. (NYSE:TYL)

Nisa Investment Advisors LLC lowered its holdings in Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 3.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,683 shares of the technology company's stock after selling 704 shares during the period. Nisa Investment Advisors LLC's holdings in Tyler Technologies were worth $10,281,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the business. Vanguard Group Inc. grew its holdings in Tyler Technologies by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 5,310,401 shares of the technology company's stock valued at $3,062,190,000 after purchasing an additional 62,420 shares in the last quarter. Geode Capital Management LLC grew its holdings in Tyler Technologies by 2.5% during the 4th quarter. Geode Capital Management LLC now owns 1,136,734 shares of the technology company's stock worth $654,406,000 after acquiring an additional 27,826 shares in the last quarter. Franklin Resources Inc. grew its holdings in Tyler Technologies by 7.9% during the 4th quarter. Franklin Resources Inc. now owns 984,615 shares of the technology company's stock worth $567,768,000 after acquiring an additional 71,869 shares in the last quarter. Massachusetts Financial Services Co. MA grew its holdings in Tyler Technologies by 3.9% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 939,373 shares of the technology company's stock worth $541,680,000 after acquiring an additional 35,198 shares in the last quarter. Finally, Norges Bank acquired a new position in Tyler Technologies during the 4th quarter worth $528,465,000. Institutional investors and hedge funds own 93.30% of the company's stock.

Tyler Technologies Stock Performance

Shares of TYL stock traded down $8.35 during midday trading on Friday, reaching $551.56. 243,002 shares of the company were exchanged, compared to its average volume of 266,271. Tyler Technologies, Inc. has a 12 month low of $513.52 and a 12 month high of $661.31. The company has a market cap of $23.78 billion, a P/E ratio of 83.07, a PEG ratio of 4.37 and a beta of 0.84. The company's 50 day moving average price is $574.81 and its two-hundred day moving average price is $579.87.

Tyler Technologies (NYSE:TYL - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The technology company reported $2.78 EPS for the quarter, topping analysts' consensus estimates of $2.56 by $0.22. The company had revenue of $562.43 million for the quarter, compared to the consensus estimate of $556.45 million. Tyler Technologies had a net margin of 13.23% and a return on equity of 10.29%. Tyler Technologies's revenue was up 10.3% on a year-over-year basis. During the same period in the previous year, the firm earned $2.20 EPS. As a group, sell-side analysts predict that Tyler Technologies, Inc. will post 8.52 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have weighed in on TYL shares. Robert W. Baird decreased their price objective on shares of Tyler Technologies from $785.00 to $700.00 and set an "outperform" rating for the company in a report on Friday, April 25th. Wells Fargo & Company reduced their price target on shares of Tyler Technologies from $640.00 to $610.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 22nd. DA Davidson reduced their price target on shares of Tyler Technologies from $595.00 to $570.00 and set a "neutral" rating on the stock in a research report on Friday, April 25th. Cantor Fitzgerald started coverage on shares of Tyler Technologies in a research report on Tuesday, June 3rd. They issued a "neutral" rating and a $600.00 price target on the stock. Finally, Wall Street Zen downgraded shares of Tyler Technologies from a "buy" rating to a "hold" rating in a research report on Wednesday, May 21st. Five investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, Tyler Technologies has an average rating of "Moderate Buy" and an average target price of $680.50.

Insider Buying and Selling at Tyler Technologies

In other news, CFO Brian K. Miller sold 3,333 shares of Tyler Technologies stock in a transaction that occurred on Friday, May 23rd. The shares were sold at an average price of $568.46, for a total value of $1,894,677.18. Following the transaction, the chief financial officer directly owned 11,231 shares of the company's stock, valued at $6,384,374.26. This trade represents a 22.89% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider John S. Marr, Jr. sold 5,000 shares of Tyler Technologies stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $558.86, for a total transaction of $2,794,300.00. Following the completion of the transaction, the insider directly owned 6,983 shares in the company, valued at approximately $3,902,519.38. This trade represents a 41.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 26,500 shares of company stock worth $15,177,230. 1.10% of the stock is currently owned by company insiders.

About Tyler Technologies

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.