Hudson Way Capital Management LLC Boosts Position in Tyler Technologies, Inc. (NYSE:TYL)

Hudson Way Capital Management LLC raised its stake in Tyler Technologies, Inc. (NYSE:TYL) by 2.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 71,094 shares of the technology company’s stock after purchasing an additional 1,449 shares during the period. Tyler Technologies accounts for about 4.6% of Hudson Way Capital Management LLC’s holdings, making the stock its 11th biggest position. Hudson Way Capital Management LLC owned 0.17% of Tyler Technologies worth $40,996,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TYL. Barclays PLC grew its position in shares of Tyler Technologies by 2.5% in the 3rd quarter. Barclays PLC now owns 88,296 shares of the technology company’s stock valued at $51,543,000 after buying an additional 2,169 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Tyler Technologies by 148.2% during the third quarter. JPMorgan Chase & Co. now owns 461,469 shares of the technology company’s stock worth $269,369,000 after purchasing an additional 275,511 shares during the last quarter. Nordea Investment Management AB increased its position in shares of Tyler Technologies by 4.1% during the fourth quarter. Nordea Investment Management AB now owns 3,796 shares of the technology company’s stock worth $2,192,000 after purchasing an additional 148 shares in the last quarter. Diversified Trust Co purchased a new stake in shares of Tyler Technologies in the 4th quarter valued at about $596,000. Finally, Czech National Bank lifted its holdings in shares of Tyler Technologies by 6.8% in the 4th quarter. Czech National Bank now owns 9,280 shares of the technology company’s stock valued at $5,351,000 after purchasing an additional 588 shares during the last quarter. Institutional investors and hedge funds own 93.30% of the company’s stock.

Wall Street Analyst Weigh In

TYL has been the topic of several research analyst reports. The Goldman Sachs Group lifted their price target on Tyler Technologies from $660.00 to $728.00 and gave the stock a “buy” rating in a research report on Tuesday, February 18th. Robert W. Baird reduced their price target on shares of Tyler Technologies from $785.00 to $700.00 and set an “outperform” rating for the company in a research report on Friday, April 25th. Truist Financial reissued a “buy” rating and set a $775.00 price objective (up from $685.00) on shares of Tyler Technologies in a research report on Friday, February 14th. Needham & Company LLC restated a “buy” rating and issued a $750.00 price objective on shares of Tyler Technologies in a research note on Thursday, April 24th. Finally, StockNews.com upgraded shares of Tyler Technologies from a “hold” rating to a “buy” rating in a research note on Saturday. Three research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $674.67.

Tyler Technologies Trading Down 0.5 %

Shares of TYL stock opened at $560.06 on Friday. The business’s fifty day moving average price is $563.43 and its 200 day moving average price is $590.96. The firm has a market capitalization of $24.15 billion, a PE ratio of 92.42, a P/E/G ratio of 4.93 and a beta of 0.88. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.35 and a quick ratio of 1.21. Tyler Technologies, Inc. has a 1-year low of $458.50 and a 1-year high of $661.31.

Tyler Technologies (NYSE:TYL) last announced its quarterly earnings results on Wednesday, April 23rd. The technology company reported $2.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.56 by $0.22. Tyler Technologies had a net margin of 12.30% and a return on equity of 10.15%. The business had revenue of $562.43 million during the quarter, compared to the consensus estimate of $556.45 million. During the same quarter last year, the firm posted $2.20 EPS. The business’s revenue was up 10.3% compared to the same quarter last year. As a group, sell-side analysts forecast that Tyler Technologies, Inc. will post 8.52 EPS for the current fiscal year.

Insider Buying and Selling

In other Tyler Technologies news, CFO Brian K. Miller sold 1,550 shares of Tyler Technologies stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $613.58, for a total transaction of $951,049.00. Following the completion of the transaction, the chief financial officer now owns 14,026 shares in the company, valued at approximately $8,606,073.08. The trade was a 9.95 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO H Lynn Moore, Jr. sold 6,514 shares of the stock in a transaction that occurred 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 completion of the sale, the chief executive officer now owns 75,734 shares in the company, valued at $46,772,561.06. This represents a 7.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 15,462 shares of company stock valued at $9,464,626. 1.10% of the stock is owned by insiders.

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.