Westwind Capital Trims Position in Tyler Technologies, Inc. (NYSE:TYL)

Westwind Capital lowered its holdings in shares of Tyler Technologies, Inc. (NYSE:TYL) by 1.0% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 45,888 shares of the technology company’s stock after selling 473 shares during the period. Tyler Technologies comprises 5.7% of Westwind Capital’s holdings, making the stock its 6th largest holding. Westwind Capital’s holdings in Tyler Technologies were worth $26,461,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. APG Asset Management N.V. boosted its stake in shares of Tyler Technologies by 1.4% in the 2nd quarter. APG Asset Management N.V. now owns 1,507,062 shares of the technology company’s stock valued at $706,994,000 after purchasing an additional 20,842 shares during the last quarter. Geode Capital Management LLC boosted its position in Tyler Technologies by 2.2% during the third quarter. Geode Capital Management LLC now owns 1,108,908 shares of the technology company’s stock valued at $645,585,000 after acquiring an additional 24,284 shares during the last quarter. Franklin Resources Inc. grew its holdings in Tyler Technologies by 2.0% during the 3rd quarter. Franklin Resources Inc. now owns 912,746 shares of the technology company’s stock worth $547,354,000 after acquiring an additional 17,943 shares during the period. Massachusetts Financial Services Co. MA raised its position in shares of Tyler Technologies by 4.2% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 904,175 shares of the technology company’s stock worth $527,785,000 after acquiring an additional 36,066 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in shares of Tyler Technologies by 148.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 461,469 shares of the technology company’s stock valued at $269,369,000 after purchasing an additional 275,511 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 2,500 shares of the business’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $624.41, for a total transaction of $1,561,025.00. Following the sale, the chief financial officer now owns 11,950 shares of the company’s stock, valued at $7,461,699.50. The trade was a 17.30 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO H Lynn Moore, Jr. sold 6,250 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $605.82, for a total value of $3,786,375.00. Following the completion of the transaction, the chief executive officer now owns 75,000 shares of the company’s stock, valued at approximately $45,436,500. This represents a 7.69 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 42,252 shares of company stock valued at $26,096,928. 2.20% of the stock is owned by insiders.

Tyler Technologies Stock Performance

NYSE:TYL traded down $14.50 during trading on Tuesday, reaching $561.34. The company’s stock had a trading volume of 231,693 shares, compared to its average volume of 194,051. Tyler Technologies, Inc. has a 12 month low of $397.80 and a 12 month high of $638.56. The firm has a market cap of $24.02 billion, a price-to-earnings ratio of 102.43, a price-to-earnings-growth ratio of 5.54 and a beta of 0.78. The firm has a 50 day moving average of $607.90 and a 200-day moving average of $579.55. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.21 and a current ratio of 1.21.

Tyler Technologies (NYSE:TYL) last posted its quarterly earnings data on Wednesday, October 23rd. The technology company reported $2.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.43 by $0.09. Tyler Technologies had a net margin of 11.39% and a return on equity of 9.79%. The business had revenue of $543.34 million during the quarter, compared to the consensus estimate of $547.34 million. During the same quarter last year, the company posted $1.66 earnings per share. The firm’s quarterly revenue was up 9.8% compared to the same quarter last year. Research analysts expect that Tyler Technologies, Inc. will post 7.36 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on TYL. Wells Fargo & Company reiterated an “equal weight” rating and issued a $615.00 target price (down from $670.00) on shares of Tyler Technologies in a report on Tuesday. DA Davidson lifted their price objective on shares of Tyler Technologies from $525.00 to $550.00 and gave the company a “neutral” rating in a research note on Thursday, October 17th. The Goldman Sachs Group reissued a “buy” rating and set a $627.00 target price on shares of Tyler Technologies in a research note on Friday, September 13th. JMP Securities lifted their price target on shares of Tyler Technologies from $580.00 to $700.00 and gave the company a “market outperform” rating in a research note on Friday, October 25th. Finally, Barclays increased their price objective on shares of Tyler Technologies from $700.00 to $705.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. Four research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $643.77.

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.