New Age Alpha Advisors LLC Takes $2.20 Million Position in Tyler Technologies, Inc. (NYSE:TYL)

New Age Alpha Advisors LLC bought a new position in Tyler Technologies, Inc. (NYSE:TYL - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 3,806 shares of the technology company's stock, valued at approximately $2,195,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of Tyler Technologies in the fourth quarter valued at $528,465,000. Van ECK Associates Corp raised its position in Tyler Technologies by 1,991.8% in the fourth quarter. Van ECK Associates Corp now owns 550,580 shares of the technology company's stock worth $317,486,000 after acquiring an additional 524,259 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Tyler Technologies in the 4th quarter valued at about $159,947,000. JPMorgan Chase & Co. boosted its position in shares of Tyler Technologies by 148.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 461,469 shares of the technology company's stock valued at $269,369,000 after purchasing an additional 275,511 shares in the last quarter. Finally, Seilern Investment Management Ltd bought a new position in shares of Tyler Technologies during the 4th quarter valued at about $105,549,000. 93.30% of the stock is owned by institutional investors.

Insider Activity at Tyler Technologies

In other news, CEO H Lynn Moore, Jr. sold 6,514 shares of the firm's stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $617.59, for a total transaction of $4,022,981.26. Following the transaction, the chief executive officer now owns 75,734 shares in the company, valued at approximately $46,772,561.06. This trade represents a 7.92 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Brian K. Miller sold 1,550 shares of the company's stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $613.58, for a total transaction of $951,049.00. Following the completion of the sale, the chief financial officer now owns 14,026 shares of the company's stock, valued at $8,606,073.08. This represents a 9.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 14,064 shares of company stock valued at $8,688,030. 2.20% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Needham & Company LLC restated a "buy" rating and issued a $700.00 target price on shares of Tyler Technologies in a report on Tuesday, January 21st. Barclays lifted their price target on Tyler Technologies from $705.00 to $715.00 and gave the stock an "overweight" rating in a research note on Friday, February 14th. StockNews.com cut shares of Tyler Technologies from a "buy" rating to a "hold" rating in a report on Monday, February 24th. The Goldman Sachs Group lifted their target price on shares of Tyler Technologies from $660.00 to $728.00 and gave the stock a "buy" rating in a research report on Tuesday, February 18th. Finally, Wells Fargo & Company restated an "equal weight" rating and issued a $615.00 price target (down previously from $670.00) on shares of Tyler Technologies in a research report on Tuesday, January 7th. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, Tyler Technologies has a consensus rating of "Moderate Buy" and an average price target of $676.25.

Tyler Technologies Stock Down 2.5 %

Shares of NYSE:TYL traded down $14.78 during trading on Thursday, reaching $567.03. 89,215 shares of the company traded hands, compared to its average volume of 249,060. The firm has a fifty day simple moving average of $599.91 and a 200 day simple moving average of $597.61. The company has a quick ratio of 1.21, a current ratio of 1.35 and a debt-to-equity ratio of 0.18. Tyler Technologies, Inc. has a 1-year low of $397.80 and a 1-year high of $661.31. The firm has a market cap of $24.44 billion, a P/E ratio of 93.57, a price-to-earnings-growth ratio of 4.93 and a beta of 0.80.

Tyler Technologies (NYSE:TYL - Get Free Report) last released its quarterly earnings data on Wednesday, February 12th. The technology company reported $1.87 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.44 by ($0.57). Tyler Technologies had a net margin of 12.30% and a return on equity of 10.15%. Analysts anticipate that Tyler Technologies, Inc. will post 8.52 earnings per share for the current fiscal year.

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.