Hudson Way Capital Management LLC Has $52.97 Million Stock Holdings in Tyler Technologies, Inc. $TYL

Hudson Way Capital Management LLC trimmed its holdings in shares of Tyler Technologies, Inc. (NYSE:TYL) by 12.6% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 101,252 shares of the technology company’s stock after selling 14,650 shares during the quarter. Tyler Technologies accounts for 4.5% of Hudson Way Capital Management LLC’s holdings, making the stock its 12th biggest position. Hudson Way Capital Management LLC’s holdings in Tyler Technologies were worth $52,971,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Root Financial Partners LLC bought a new position in Tyler Technologies in the third quarter valued at approximately $28,000. Twin Peaks Wealth Advisors LLC bought a new stake in shares of Tyler Technologies during the second quarter worth $32,000. Advisors Asset Management Inc. acquired a new stake in shares of Tyler Technologies during the first quarter worth $38,000. Geneos Wealth Management Inc. raised its holdings in shares of Tyler Technologies by 137.9% during the first quarter. Geneos Wealth Management Inc. now owns 69 shares of the technology company’s stock worth $40,000 after acquiring an additional 40 shares during the period. Finally, Quent Capital LLC bought a new stake in Tyler Technologies in the 3rd quarter valued at $49,000. 93.30% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Tyler Technologies

In other news, COO Jeffrey David Puckett sold 5,174 shares of the company’s stock in a transaction that occurred on Thursday, March 5th. The stock was sold at an average price of $369.93, for a total value of $1,914,017.82. Following the transaction, the chief operating officer owned 7,754 shares of the company’s stock, valued at approximately $2,868,437.22. This represents a 40.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Abigail Marshall Diaz-Pedrosa purchased 610 shares of the company’s stock in a transaction that occurred on Friday, February 20th. The shares were purchased at an average cost of $325.08 per share, with a total value of $198,298.80. Following the completion of the acquisition, the insider owned 1,123 shares in the company, valued at $365,064.84. The trade was a 118.91% increase in their position. The SEC filing for this purchase provides additional information. 1.10% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research firms have issued reports on TYL. TD Cowen lowered their target price on Tyler Technologies from $600.00 to $500.00 and set a “buy” rating for the company in a report on Friday, February 13th. The Goldman Sachs Group set a $420.00 target price on Tyler Technologies in a research report on Friday, February 13th. DA Davidson reaffirmed a “buy” rating and set a $460.00 price target on shares of Tyler Technologies in a research report on Tuesday, February 17th. Needham & Company LLC reiterated a “buy” rating and issued a $750.00 price objective on shares of Tyler Technologies in a report on Tuesday, February 3rd. Finally, BTIG Research decreased their target price on shares of Tyler Technologies from $560.00 to $470.00 and set a “buy” rating for the company in a research report on Monday, February 9th. Twelve analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $467.54.

Tyler Technologies Stock Performance

Shares of NYSE:TYL opened at $350.41 on Monday. Tyler Technologies, Inc. has a 52-week low of $283.71 and a 52-week high of $621.34. The company has a market capitalization of $15.06 billion, a P/E ratio of 48.67, a price-to-earnings-growth ratio of 2.35 and a beta of 0.90. The company has a 50-day simple moving average of $378.04 and a 200 day simple moving average of $452.47.

Tyler Technologies (NYSE:TYL) last released its quarterly earnings data on Wednesday, February 11th. The technology company reported $2.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.71 by ($0.07). Tyler Technologies had a net margin of 13.53% and a return on equity of 10.42%. The business had revenue of $575.18 million during the quarter, compared to the consensus estimate of $591.09 million. During the same quarter in the prior year, the company earned $2.43 EPS. Tyler Technologies’s quarterly revenue was up 6.3% on a year-over-year basis. As a group, equities analysts forecast that Tyler Technologies, Inc. will post 8.52 earnings per share for the current year.

Tyler Technologies Profile

Tyler Technologies, Inc is a provider of software and technology services for the public sector, delivering integrated systems that help government and public agencies manage operations, finances and citizen services. Headquartered in Plano, Texas, the company focuses on developing and implementing solutions for local and state governments, school districts, courts and public safety organizations. Its offerings are aimed at modernizing administrative workflows, improving transparency and enabling digital interactions between governments and the communities they serve.

Tyler’s product portfolio spans enterprise resource planning and financial management, tax and billing systems, court case and records management, public safety solutions (including computer-aided dispatch and records management), land and property management, permitting and licensing, and enterprise asset management.