Tyler Technologies, Inc. (NYSE:TYL) Shares Bought by Hudson Way Capital Management LLC

Hudson Way Capital Management LLC lifted its position in shares of Tyler Technologies, Inc. (NYSE:TYL) by 2.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 71,094 shares of the technology company’s stock after buying an additional 1,449 shares during the quarter. Tyler Technologies makes up 4.6% of Hudson Way Capital Management LLC’s investment portfolio, making the stock its 11th largest position. Hudson Way Capital Management LLC’s holdings in Tyler Technologies were worth $40,996,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of TYL. Graham Capital Management L.P. grew its stake in Tyler Technologies by 150.8% in the 4th quarter. Graham Capital Management L.P. now owns 7,213 shares of the technology company’s stock worth $4,159,000 after acquiring an additional 4,337 shares during the period. Focus Partners Wealth lifted its position in Tyler Technologies by 56.7% during the fourth quarter. Focus Partners Wealth now owns 1,473 shares of the technology company’s stock worth $849,000 after buying an additional 533 shares during the period. Ensign Peak Advisors Inc boosted its stake in Tyler Technologies by 9.6% in the 4th quarter. Ensign Peak Advisors Inc now owns 19,410 shares of the technology company’s stock worth $11,193,000 after buying an additional 1,700 shares during the last quarter. Ethic Inc. grew its holdings in Tyler Technologies by 1.3% in the 4th quarter. Ethic Inc. now owns 4,234 shares of the technology company’s stock valued at $2,441,000 after buying an additional 54 shares during the period. Finally, D. E. Shaw & Co. Inc. increased its stake in shares of Tyler Technologies by 59.5% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 32,555 shares of the technology company’s stock valued at $18,773,000 after acquiring an additional 12,138 shares during the last quarter. Institutional investors and hedge funds own 93.30% of the company’s stock.

Tyler Technologies Price Performance

TYL opened at $560.06 on Friday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.21 and a current ratio of 1.35. Tyler Technologies, Inc. has a 1-year low of $458.50 and a 1-year high of $661.31. The company has a 50-day moving average of $563.43 and a 200-day moving average of $590.96. The company has a market capitalization of $24.15 billion, a P/E ratio of 92.42, a PEG ratio of 4.93 and a beta of 0.88.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. DA Davidson lowered their target price on shares of Tyler Technologies from $595.00 to $570.00 and set a “neutral” rating for the company in a report on Friday, April 25th. Barclays lowered their price objective on shares of Tyler Technologies from $700.00 to $695.00 and set an “overweight” rating for the company in a research note on Friday, April 25th. StockNews.com upgraded Tyler Technologies from a “hold” rating to a “buy” rating in a research note on Saturday. Piper Sandler decreased their price objective on shares of Tyler Technologies from $747.00 to $708.00 and set an “overweight” rating for the company in a research note on Friday, April 25th. Finally, Truist Financial reiterated a “buy” rating and issued a $775.00 target price (up previously from $685.00) on shares of Tyler Technologies in a research note on Friday, February 14th. Three equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, Tyler Technologies has an average rating of “Moderate Buy” and a consensus price target of $674.67.

Insider Activity at Tyler Technologies

In related news, CFO Brian K. Miller sold 1,550 shares of the business’s 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 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider John S. Marr, Jr. sold 6,000 shares of the stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $619.00, for a total transaction of $3,714,000.00. Following the sale, the insider now owns 6,983 shares in the company, valued at approximately $4,322,477. This trade represents a 46.21 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 15,462 shares of company stock valued at $9,464,626. Corporate insiders own 1.10% of the company’s stock.

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.