New Age Alpha Advisors LLC Decreases Stock Holdings in Tyler Technologies, Inc. $TYL

Key Points

• New Age Alpha Advisors cut its Tyler Technologies stake by 69.8% in the fourth quarter, leaving it with 2,206 shares worth about $1.0 million.
• Other institutional investors remain heavily invested in Tyler, with 93.30% of shares owned by hedge funds and other institutions; Vanguard, State Street, and others increased positions during the period.
• Tyler Technologies reported better-than-expected quarterly results, with EPS of $3.09 vs. $3.01 expected and revenue up 8.5% year over year, while analysts currently hold a Moderate Buy consensus with an average price target of $468.53.

New Age Alpha Advisors LLC trimmed its position in shares of Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 69.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,206 shares of the technology company's stock after selling 5,105 shares during the period. New Age Alpha Advisors LLC's holdings in Tyler Technologies were worth $1,001,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. Vanguard Group Inc. increased its position in shares of Tyler Technologies by 4.2% during the 3rd quarter. Vanguard Group Inc. now owns 5,805,036 shares of the technology company's stock valued at $3,036,963,000 after purchasing an additional 234,916 shares during the last quarter. State Street Corp lifted its holdings in shares of Tyler Technologies by 1.8% in the 3rd quarter. State Street Corp now owns 1,947,850 shares of the technology company's stock worth $1,019,037,000 after buying an additional 34,178 shares during the period. Principal Financial Group Inc. lifted its position in shares of Tyler Technologies by 3.1% in the 4th quarter. Principal Financial Group Inc. now owns 1,454,061 shares of the technology company's stock worth $660,089,000 after purchasing an additional 43,421 shares during the period. Van ECK Associates Corp raised its stake in Tyler Technologies by 55.1% in the third quarter. Van ECK Associates Corp now owns 850,103 shares of the technology company's stock worth $444,740,000 after buying an additional 301,885 shares in the last quarter. Finally, Wellington Management Group LLP boosted its position in Tyler Technologies by 72.5% during the third quarter. Wellington Management Group LLP now owns 600,776 shares of the technology company's stock valued at $314,302,000 after purchasing an additional 252,488 shares in the last quarter. 93.30% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Tyler Technologies

In other Tyler Technologies news, Director Glenn A. Carter sold 1,624 shares of Tyler Technologies stock in a transaction on Thursday, March 12th. The stock was sold at an average price of $349.14, for a total value of $567,003.36. Following the sale, the director owned 5,298 shares in the company, valued at $1,849,743.72. The trade was a 23.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Jeffrey David Puckett sold 5,174 shares of Tyler Technologies stock in a transaction on Thursday, March 5th. The shares were sold at an average price of $369.93, for a total value of $1,914,017.82. Following the completion of the sale, the chief operating officer owned 7,754 shares in the company, valued at $2,868,437.22. This represents a 40.02% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 7,298 shares of company stock worth $2,658,721 over the last quarter. 1.10% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. DA Davidson reaffirmed a "buy" rating and issued a $460.00 price objective on shares of Tyler Technologies in a research report on Wednesday, May 13th. Truist Financial set a $440.00 price objective on Tyler Technologies in a research note on Friday, May 1st. Weiss Ratings lowered Tyler Technologies from a "hold (c-)" rating to a "sell (d+)" rating in a report on Friday, April 24th. Robert W. Baird set a $455.00 price objective on Tyler Technologies in a report on Friday, May 1st. Finally, Piper Sandler reissued an "overweight" rating and issued a $543.00 price objective (down from $671.00) on shares of Tyler Technologies in a report on Friday, February 13th. Twelve analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $468.53.

Tyler Technologies Stock Performance

Shares of Tyler Technologies stock opened at $302.50 on Thursday. Tyler Technologies, Inc. has a one year low of $283.71 and a one year high of $621.34. The company has a market cap of $12.76 billion, a price-to-earnings ratio of 41.78, a PEG ratio of 2.07 and a beta of 0.86. The business's 50 day moving average price is $330.30 and its 200 day moving average price is $384.93.

Tyler Technologies (NYSE:TYL - Get Free Report) last announced its quarterly earnings data on Wednesday, April 29th. The technology company reported $3.09 EPS for the quarter, topping analysts' consensus estimates of $3.01 by $0.08. Tyler Technologies had a return on equity of 10.74% and a net margin of 13.26%.The firm had revenue of $613.50 million for the quarter, compared to the consensus estimate of $608.66 million. During the same quarter last year, the business posted $2.78 earnings per share. The firm's revenue was up 8.5% compared to the same quarter last year. Tyler Technologies has set its FY 2026 guidance at 12.500-12.750 EPS. On average, analysts predict that Tyler Technologies, Inc. will post 9.89 EPS for the current fiscal year.

About Tyler Technologies

Tyler Technologies, Inc is a provider of software and technology services for the public sector, delivering integrated systems that help government and public agencies manage operations, finances and citizen services. Headquartered in Plano, Texas, the company focuses on developing and implementing solutions for local and state governments, school districts, courts and public safety organizations. Its offerings are aimed at modernizing administrative workflows, improving transparency and enabling digital interactions between governments and the communities they serve.

Tyler's product portfolio spans enterprise resource planning and financial management, tax and billing systems, court case and records management, public safety solutions (including computer-aided dispatch and records management), land and property management, permitting and licensing, and enterprise asset management.

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