Tyler Technologies, Inc. $TYL Stake Increased by Hudson Way Capital Management LLC

Hudson Way Capital Management LLC boosted its holdings in Tyler Technologies, Inc. (NYSE:TYL) by 15.7% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 115,902 shares of the technology company’s stock after acquiring an additional 15,703 shares during the quarter. Tyler Technologies comprises approximately 6.2% of Hudson Way Capital Management LLC’s portfolio, making the stock its 9th biggest holding. Hudson Way Capital Management LLC owned about 0.27% of Tyler Technologies worth $68,711,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Nuveen LLC purchased a new position in shares of Tyler Technologies in the 1st quarter valued at about $57,108,000. Public Sector Pension Investment Board grew its position in Tyler Technologies by 6.5% during the first quarter. Public Sector Pension Investment Board now owns 6,620 shares of the technology company’s stock worth $3,849,000 after buying an additional 404 shares during the period. Westpac Banking Corp grew its position in Tyler Technologies by 19.3% during the first quarter. Westpac Banking Corp now owns 229 shares of the technology company’s stock worth $133,000 after buying an additional 37 shares during the period. Prudential PLC increased its holdings in Tyler Technologies by 2.3% in the first quarter. Prudential PLC now owns 1,189 shares of the technology company’s stock valued at $691,000 after buying an additional 27 shares in the last quarter. Finally, National Pension Service lifted its position in shares of Tyler Technologies by 8.5% during the 1st quarter. National Pension Service now owns 67,632 shares of the technology company’s stock valued at $39,321,000 after acquiring an additional 5,327 shares during the period. Institutional investors and hedge funds own 93.30% of the company’s stock.

Insider Buying and Selling

In other Tyler Technologies news, CFO Brian K. Miller sold 1,000 shares of Tyler Technologies stock in a transaction that occurred on Tuesday, November 25th. The shares were sold at an average price of $469.08, for a total value of $469,080.00. Following the completion of the sale, the chief financial officer directly owned 12,781 shares of the company’s stock, valued at approximately $5,995,311.48. The trade was a 7.26% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Glenn A. Carter sold 750 shares of the business’s stock in a transaction on Monday, September 15th. The shares were sold at an average price of $538.30, for a total value of $403,725.00. Following the completion of the transaction, the director owned 3,172 shares of the company’s stock, valued at $1,707,487.60. This trade represents a 19.12% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 1.10% of the company’s stock.

Tyler Technologies Stock Up 0.4%

Shares of NYSE:TYL opened at $455.48 on Friday. The company has a market capitalization of $19.60 billion, a P/E ratio of 63.35, a P/E/G ratio of 3.45 and a beta of 0.91. Tyler Technologies, Inc. has a 52-week low of $450.00 and a 52-week high of $661.31. The stock’s fifty day simple moving average is $479.47 and its 200-day simple moving average is $534.91.

Tyler Technologies (NYSE:TYL) last posted its quarterly earnings data on Wednesday, October 29th. The technology company reported $2.97 EPS for the quarter, topping analysts’ consensus estimates of $2.88 by $0.09. The firm had revenue of $595.88 million during the quarter, compared to analysts’ expectations of $594.34 million. Tyler Technologies had a return on equity of 10.57% and a net margin of 13.72%.The firm’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same quarter last year, the business posted $2.52 EPS. Tyler Technologies has set its FY 2025 guidance at 11.300-11.500 EPS. On average, sell-side analysts anticipate that Tyler Technologies, Inc. will post 8.52 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. UBS Group reaffirmed an “overweight” rating on shares of Tyler Technologies in a research note on Wednesday, October 8th. Robert W. Baird set a $660.00 target price on Tyler Technologies in a report on Friday, October 31st. Evercore ISI reaffirmed a “positive” rating on shares of Tyler Technologies in a research note on Friday, October 31st. TD Cowen assumed coverage on shares of Tyler Technologies in a research report on Friday. They issued a “buy” rating and a $650.00 price objective on the stock. Finally, DA Davidson dropped their target price on shares of Tyler Technologies from $540.00 to $510.00 and set a “neutral” rating for the company in a report on Tuesday. Eleven research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $656.75.

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.