Westwood Holdings Group Inc. Acquires 3,571 Shares of Tyler Technologies, Inc. $TYL

Westwood Holdings Group Inc. raised its holdings in shares of Tyler Technologies, Inc. (NYSE:TYL) by 48.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,890 shares of the technology company’s stock after acquiring an additional 3,571 shares during the quarter. Westwood Holdings Group Inc.’s holdings in Tyler Technologies were worth $6,456,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Generali Asset Management SPA SGR purchased a new position in Tyler Technologies during the second quarter valued at $30,000. Twin Peaks Wealth Advisors LLC bought a new position in shares of Tyler Technologies in the second quarter worth about $32,000. Advisors Asset Management Inc. purchased a new position in shares of Tyler Technologies during the 1st quarter valued at about $38,000. Geneos Wealth Management Inc. grew its stake in shares of Tyler Technologies by 137.9% during the 1st quarter. Geneos Wealth Management Inc. now owns 69 shares of the technology company’s stock valued at $40,000 after acquiring an additional 40 shares during the period. Finally, Johnson Financial Group Inc. grew its stake in shares of Tyler Technologies by 390.9% during the 2nd quarter. Johnson Financial Group Inc. now owns 108 shares of the technology company’s stock valued at $64,000 after acquiring an additional 86 shares during the period. 93.30% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

TYL has been the topic of a number of recent analyst reports. Robert W. Baird set a $660.00 target price on shares of Tyler Technologies in a research note on Friday, October 31st. Oppenheimer restated an “outperform” rating and set a $600.00 price objective on shares of Tyler Technologies in a research report on Thursday, October 30th. Cowen started coverage on shares of Tyler Technologies in a report on Friday. They issued a “buy” rating for the company. Evercore ISI reissued a “positive” rating on shares of Tyler Technologies in a report on Friday, October 31st. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Tyler Technologies in a research note on Tuesday, October 14th. Eleven investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $656.75.

Tyler Technologies Price Performance

NYSE:TYL opened at $447.20 on Tuesday. The company has a market cap of $19.24 billion, a price-to-earnings ratio of 62.20, a PEG ratio of 3.47 and a beta of 0.91. Tyler Technologies, Inc. has a 1 year low of $445.64 and a 1 year high of $661.31. The stock’s 50 day simple moving average is $478.48 and its two-hundred day simple moving average is $533.47.

Tyler Technologies (NYSE:TYL) last posted its 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. The firm had revenue of $595.88 million during the quarter, compared to analyst estimates of $594.34 million. Tyler Technologies had a net margin of 13.72% and a return on equity of 10.57%. Tyler Technologies’s revenue for the quarter was up 10.2% compared to the same quarter last year. During the same period last year, the firm posted $2.52 earnings per share. Tyler Technologies has set its FY 2025 guidance at 11.300-11.500 EPS. As a group, analysts anticipate that Tyler Technologies, Inc. will post 8.52 EPS for the current year.

Insider Transactions at Tyler Technologies

In other Tyler Technologies news, CFO Brian K. Miller sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 25th. The stock was sold at an average price of $469.08, for a total transaction of $469,080.00. Following the sale, the chief financial officer directly owned 12,781 shares of the company’s stock, valued at $5,995,311.48. The trade was a 7.26% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Glenn A. Carter sold 500 shares of the company’s stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $458.73, for a total value of $229,365.00. Following the sale, the director owned 3,172 shares in the company, valued at approximately $1,455,091.56. This trade represents a 13.62% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 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.