Hudson Way Capital Management LLC Buys 15,703 Shares of Tyler Technologies, Inc. $TYL

Hudson Way Capital Management LLC raised its stake in shares of Tyler Technologies, Inc. (NYSE:TYL) by 15.7% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 115,902 shares of the technology company’s stock after purchasing an additional 15,703 shares during the period. Tyler Technologies accounts for 6.2% of Hudson Way Capital Management LLC’s portfolio, making the stock its 9th largest position. Hudson Way Capital Management LLC’s holdings in Tyler Technologies were worth $68,711,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Mather Group LLC. grew its stake in shares of Tyler Technologies by 5.3% during the 2nd quarter. Mather Group LLC. now owns 379 shares of the technology company’s stock valued at $225,000 after buying an additional 19 shares during the period. Meridian Wealth Management LLC grew its position in Tyler Technologies by 2.1% during the second quarter. Meridian Wealth Management LLC now owns 942 shares of the technology company’s stock valued at $558,000 after acquiring an additional 19 shares during the period. Cerity Partners LLC grew its position in Tyler Technologies by 0.6% during the second quarter. Cerity Partners LLC now owns 2,959 shares of the technology company’s stock valued at $1,754,000 after acquiring an additional 19 shares during the period. Nordea Investment Management AB increased its stake in Tyler Technologies by 0.6% during the second quarter. Nordea Investment Management AB now owns 3,537 shares of the technology company’s stock worth $2,068,000 after acquiring an additional 20 shares during the last quarter. Finally, Wealth Alliance LLC raised its holdings in shares of Tyler Technologies by 3.9% in the 2nd quarter. Wealth Alliance LLC now owns 688 shares of the technology company’s stock worth $408,000 after purchasing an additional 26 shares during the period. Hedge funds and other institutional investors own 93.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Evercore ISI reiterated a “positive” rating on shares of Tyler Technologies in a report on Friday, October 31st. Robert W. Baird set a $660.00 price target on shares of Tyler Technologies in a research report on Friday, October 31st. UBS Group reissued an “overweight” rating on shares of Tyler Technologies in a research report on Wednesday, October 8th. Oppenheimer restated an “outperform” rating and set a $600.00 target price on shares of Tyler Technologies in a report on Thursday, October 30th. Finally, TD Cowen started coverage on Tyler Technologies in a report on Friday. They issued a “buy” rating and a $650.00 price target for the company. Eleven analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, Tyler Technologies has an average rating of “Moderate Buy” and a consensus target price of $656.75.

Tyler Technologies Trading Up 0.4%

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

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

Insider Transactions at Tyler Technologies

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

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.