Hudson Way Capital Management LLC Acquires 1,449 Shares of Tyler Technologies, Inc. (NYSE:TYL)

Hudson Way Capital Management LLC boosted its holdings in shares of Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 2.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 71,094 shares of the technology company's stock after buying an additional 1,449 shares during the quarter. Tyler Technologies comprises 4.6% of Hudson Way Capital Management LLC's portfolio, making the stock its 11th biggest holding. Hudson Way Capital Management LLC owned 0.17% of Tyler Technologies worth $40,996,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of TYL. Norges Bank bought a new position in shares of Tyler Technologies in the 4th quarter valued at approximately $528,465,000. Van ECK Associates Corp grew its stake in Tyler Technologies by 1,991.8% in the 4th quarter. Van ECK Associates Corp now owns 550,580 shares of the technology company's stock valued at $317,486,000 after buying an additional 524,259 shares during the last quarter. Raymond James Financial Inc. bought a new position in Tyler Technologies in the 4th quarter worth $159,947,000. JPMorgan Chase & Co. lifted its position in Tyler Technologies by 148.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 461,469 shares of the technology company's stock worth $269,369,000 after acquiring an additional 275,511 shares during the last quarter. Finally, Seilern Investment Management Ltd bought a new stake in Tyler Technologies during the fourth quarter valued at about $105,549,000. 93.30% of the stock is currently owned by institutional investors.

Tyler Technologies Price Performance

TYL stock traded up $2.92 during midday trading on Friday, reaching $575.65. 82,051 shares of the company's stock traded hands, compared to its average volume of 259,409. The company has a 50-day simple moving average of $560.99 and a two-hundred day simple moving average of $589.97. 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 $458.50 and a 1-year high of $661.31. The company has a market cap of $24.82 billion, a price-to-earnings ratio of 95.02, a PEG ratio of 4.93 and a beta of 0.88.

Tyler Technologies (NYSE:TYL - Get Free Report) last released 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 return on equity of 10.15% and a net margin of 12.30%. The business had revenue of $562.43 million during the quarter, compared to analysts' expectations of $556.45 million. During the same period in the previous year, the business posted $2.20 earnings per share. The firm's revenue for the quarter was up 10.3% compared to the same quarter last year. On average, analysts anticipate that Tyler Technologies, Inc. will post 8.52 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on TYL. Piper Sandler cut their price objective on Tyler Technologies from $747.00 to $708.00 and set an "overweight" rating for the company in a research report on Friday, April 25th. Wells Fargo & Company reduced their price objective on Tyler Technologies from $640.00 to $610.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 22nd. The Goldman Sachs Group boosted 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. 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 report on Friday, April 25th. Finally, Truist Financial restated a "buy" rating and issued a $775.00 price target (up from $685.00) on shares of Tyler Technologies in a research report on Friday, February 14th. Three investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $674.67.

Insider Transactions at Tyler Technologies

In other Tyler Technologies news, insider John S. Marr, Jr. sold 6,000 shares of Tyler Technologies stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $619.00, for a total transaction of $3,714,000.00. Following the completion of the sale, the insider now owns 6,983 shares of the company's stock, valued at approximately $4,322,477. The trade was a 46.21% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Daniel M. Pope sold 365 shares of the stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $550.00, for a total value of $200,750.00. Following the completion of the transaction, the director now directly owns 2,853 shares in the company, valued at approximately $1,569,150. This trade represents a 11.34% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 20,462 shares of company stock worth $12,258,926. Corporate insiders own 1.10% of the company's stock.

Tyler Technologies 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.