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

Nisa Investment Advisors LLC boosted its position in shares of Tyler Technologies, Inc. (NYSE:TYL) by 1.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 24,615 shares of the technology company’s stock after acquiring an additional 296 shares during the period. Nisa Investment Advisors LLC owned 0.06% of Tyler Technologies worth $10,292,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Norges Bank acquired a new stake in Tyler Technologies in the 4th quarter worth approximately $164,642,000. Alliancebernstein L.P. lifted its position in Tyler Technologies by 26.3% during the 4th quarter. Alliancebernstein L.P. now owns 1,719,257 shares of the technology company’s stock worth $554,306,000 after acquiring an additional 357,779 shares during the period. Morgan Stanley increased its holdings in shares of Tyler Technologies by 21.1% in the third quarter. Morgan Stanley now owns 1,015,713 shares of the technology company’s stock valued at $392,208,000 after purchasing an additional 177,242 shares during the period. Select Equity Group L.P. raised its stake in shares of Tyler Technologies by 101.0% in the first quarter. Select Equity Group L.P. now owns 327,305 shares of the technology company’s stock worth $116,075,000 after purchasing an additional 164,478 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Tyler Technologies by 122.1% during the first quarter. JPMorgan Chase & Co. now owns 213,701 shares of the technology company’s stock worth $75,788,000 after purchasing an additional 117,500 shares during the period. 93.30% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Tyler Technologies

In related news, CFO Brian K. Miller sold 5,000 shares of the stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $442.99, for a total transaction of $2,214,950.00. Following the completion of the transaction, the chief financial officer now owns 14,610 shares of the company’s stock, valued at approximately $6,472,083.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CFO Brian K. Miller sold 5,000 shares of the stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $442.99, for a total transaction of $2,214,950.00. Following the sale, the chief financial officer now owns 14,610 shares of the company’s stock, valued at $6,472,083.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider John S. Marr, Jr. sold 6,500 shares of Tyler Technologies stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $438.98, for a total transaction of $2,853,370.00. Following the completion of the transaction, the insider now owns 6,400 shares of the company’s stock, valued at approximately $2,809,472. The disclosure for this sale can be found here. Insiders have sold 50,608 shares of company stock valued at $21,974,819 over the last 90 days. 1.50% of the stock is owned by insiders.

Tyler Technologies Trading Up 1.2 %

TYL opened at $423.20 on Wednesday. Tyler Technologies, Inc. has a 1-year low of $345.30 and a 1-year high of $454.74. The firm has a market capitalization of $17.96 billion, a price-to-earnings ratio of 108.79, a price-to-earnings-growth ratio of 4.12 and a beta of 0.81. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.86 and a quick ratio of 0.86. The company’s 50 day simple moving average is $427.56 and its two-hundred day simple moving average is $412.88.

Tyler Technologies (NYSE:TYL) last posted its quarterly earnings results on Wednesday, February 14th. The technology company reported $1.39 earnings per share for the quarter, beating the consensus estimate of $1.33 by $0.06. The business had revenue of $480.94 million during the quarter, compared to analysts’ expectations of $483.34 million. Tyler Technologies had a net margin of 8.50% and a return on equity of 8.85%. Analysts expect that Tyler Technologies, Inc. will post 6.77 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently weighed in on TYL. Needham & Company LLC increased their price target on shares of Tyler Technologies from $475.00 to $500.00 and gave the stock a “buy” rating in a report on Thursday, February 15th. JPMorgan Chase & Co. raised their target price on shares of Tyler Technologies from $500.00 to $526.00 and gave the stock an “overweight” rating in a report on Thursday, February 15th. DA Davidson lifted their price objective on Tyler Technologies from $412.00 to $434.00 and gave the company a “neutral” rating in a research note on Thursday, February 22nd. Piper Sandler boosted their price objective on Tyler Technologies from $480.00 to $520.00 and gave the company an “overweight” rating in a report on Friday, February 16th. Finally, JMP Securities reiterated a “market outperform” rating and set a $490.00 price target on shares of Tyler Technologies in a research report on Friday, February 16th. Three analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, Tyler Technologies currently has an average rating of “Moderate Buy” and a consensus price target of $457.86.

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.