Westwind Capital Grows Stake in Tyler Technologies, Inc. $TYL

Westwind Capital grew its holdings in shares of Tyler Technologies, Inc. (NYSE:TYL) by 47.7% in the 4th quarter, HoldingsChannel.com reports. The firm owned 40,091 shares of the technology company’s stock after purchasing an additional 12,955 shares during the quarter. Tyler Technologies comprises approximately 3.7% of Westwind Capital’s portfolio, making the stock its 11th biggest position. Westwind Capital’s holdings in Tyler Technologies were worth $18,199,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Advisors Asset Management Inc. purchased a new stake in Tyler Technologies in the first quarter valued at about $38,000. NewEdge Advisors LLC grew its stake in shares of Tyler Technologies by 17.8% during the first quarter. NewEdge Advisors LLC now owns 251 shares of the technology company’s stock worth $146,000 after acquiring an additional 38 shares during the last quarter. Woodline Partners LP acquired a new position in shares of Tyler Technologies during the first quarter valued at about $2,102,000. Geneos Wealth Management Inc. increased 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 valued at $40,000 after acquiring an additional 40 shares in the last quarter. Finally, Swiss National Bank raised its position in shares of Tyler Technologies by 8.0% in the 2nd quarter. Swiss National Bank now owns 130,400 shares of the technology company’s stock valued at $77,306,000 after purchasing an additional 9,700 shares during the last quarter. 93.30% of the stock is currently owned by hedge funds and other institutional investors.

Tyler Technologies Stock Performance

Shares of TYL opened at $349.27 on Tuesday. The business’s 50-day moving average is $366.26 and its two-hundred day moving average is $443.68. The company has a market capitalization of $15.02 billion, a P/E ratio of 48.51, a P/E/G ratio of 2.35 and a beta of 0.90. Tyler Technologies, Inc. has a fifty-two week low of $283.71 and a fifty-two week high of $621.34.

Tyler Technologies (NYSE:TYL) last issued 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 company had revenue of $575.18 million during the quarter, compared to analyst estimates of $591.09 million. During the same period last year, the firm earned $2.43 EPS. The business’s quarterly revenue was up 6.3% compared to the same quarter last year. Analysts forecast that Tyler Technologies, Inc. will post 8.52 EPS for the current year.

Insiders Place Their Bets

In other news, insider Abigail Marshall Diaz-Pedrosa acquired 610 shares of the company’s stock in a transaction dated Friday, February 20th. The shares were acquired at an average price of $325.08 per share, with a total value of $198,298.80. Following the purchase, the insider directly owned 1,123 shares of the company’s stock, valued at $365,064.84. This trade represents a 118.91% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, COO Jeffrey David Puckett sold 5,174 shares of Tyler Technologies stock in a transaction that occurred on Thursday, March 5th. The shares were sold at an average price of $369.93, for a total transaction of $1,914,017.82. Following the transaction, the chief operating officer directly owned 7,754 shares of the company’s stock, valued at approximately $2,868,437.22. This trade represents a 40.02% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 7,298 shares of company stock worth $2,658,721. Corporate insiders own 1.10% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on TYL shares. Barclays lowered their target price on shares of Tyler Technologies from $715.00 to $410.00 and set an “overweight” rating for the company in a research note on Friday, February 13th. Stifel Nicolaus decreased their price target on shares of Tyler Technologies from $550.00 to $400.00 and set a “buy” rating for the company in a report on Friday, February 13th. Piper Sandler reissued an “overweight” rating and set a $543.00 price objective (down from $671.00) on shares of Tyler Technologies in a report on Friday, February 13th. DA Davidson restated a “buy” rating and issued a $460.00 target price on shares of Tyler Technologies in a research note on Tuesday, February 17th. Finally, Cantor Fitzgerald reiterated a “neutral” rating and set a $325.00 price target on shares of Tyler Technologies in a research note on Friday, February 13th. Twelve equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $467.54.

Tyler Technologies Company 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.