BlackRock Amends Tyler Technologies Stake; Passive Investment Update
Ticker: TYL · Form: SC 13G/A · Filed: Jan 26, 2024 · CIK: 860731
| Field | Detail |
|---|---|
| Company | Tyler Technologies Inc (TYL) |
| Form Type | SC 13G/A |
| Filed Date | Jan 26, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**BlackRock updated its passive stake in Tyler Technologies, showing its latest institutional ownership.**
AI Summary
BlackRock Inc. filed an amended Schedule 13G/A on January 26, 2024, indicating a change in its ownership of Tyler Technologies Inc. common stock as of December 31, 2023. This amendment, number 16, shows BlackRock's updated passive investment position in Tyler Technologies. This matters to investors because BlackRock is a major institutional investor, and changes in its holdings can signal shifts in its confidence or strategy regarding the stock, potentially influencing other investors.
Why It Matters
This filing updates BlackRock's passive ownership stake in Tyler Technologies, providing transparency on a major institutional investor's position. It helps investors understand the current institutional sentiment towards the company.
Risk Assessment
Risk Level: low — This is a routine update from a passive institutional investor and does not indicate any immediate significant risk or opportunity.
Analyst Insight
Investors should note BlackRock's continued passive interest in Tyler Technologies, but this filing alone doesn't suggest a need for immediate action. It's a routine disclosure of an institutional holding.
Key Players & Entities
- BlackRock Inc. (company) — the institutional investor filing the SC 13G/A
- Tyler Technologies Inc. (company) — the subject company whose stock is being reported
- January 26, 2024 (date) — the filing date of the SC 13G/A
- December 31, 2023 (date) — the date of the event requiring the filing
- Amendment No: 16 (number) — the specific amendment number for this filing
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G, as stated in the 'FORM TYPE: SC 13G/A' and 'SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No: 16)' sections.
Who is the reporting person in this filing?
The reporting person is BlackRock Inc., as indicated under the 'FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc.' section.
What is the subject company of this filing?
The subject company is TYLER TECHNOLOGIES INC, as stated under 'SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: TYLER TECHNOLOGIES INC'.
What was the date of the event that required this filing?
The date of the event which required this filing was December 31, 2023, as specified under '(Date of Event Which Requires Filing of this Statement)'.
What is the CUSIP number for the class of securities reported?
The CUSIP number for the Common Stock of Tyler Technologies Inc. is 902252105, as listed under '(CUSIP Number)'.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 26, 2024 regarding TYLER TECHNOLOGIES INC (TYL).