Westwind Capital Has $26.46 Million Holdings in Tyler Technologies, Inc. (NYSE:TYL)

Westwind Capital lowered its stake in Tyler Technologies, Inc. (NYSE:TYL) by 1.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 45,888 shares of the technology company’s stock after selling 473 shares during the quarter. Tyler Technologies comprises approximately 5.7% of Westwind Capital’s investment portfolio, making the stock its 6th biggest holding. Westwind Capital owned 0.11% of Tyler Technologies worth $26,461,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in TYL. Ashton Thomas Securities LLC acquired a new position in Tyler Technologies during the third quarter worth $27,000. Quarry LP acquired a new position in shares of Tyler Technologies during the 3rd quarter worth about $78,000. Tobam bought a new position in shares of Tyler Technologies in the 3rd quarter valued at about $78,000. Brooklyn Investment Group acquired a new stake in shares of Tyler Technologies in the third quarter valued at about $79,000. Finally, Mowery & Schoenfeld Wealth Management LLC bought a new stake in Tyler Technologies during the third quarter worth about $82,000. Institutional investors and hedge funds own 93.30% of the company’s stock.

Tyler Technologies Stock Performance

Tyler Technologies stock traded down $14.50 during midday trading on Tuesday, hitting $561.34. The company’s stock had a trading volume of 231,693 shares, compared to its average volume of 194,051. The company has a 50-day moving average price of $607.90 and a two-hundred day moving average price of $579.55. Tyler Technologies, Inc. has a 1-year low of $397.80 and a 1-year high of $638.56. The company has a market cap of $24.02 billion, a price-to-earnings ratio of 102.43, a PEG ratio of 5.54 and a beta of 0.78. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.21 and a quick ratio of 1.21.

Tyler Technologies (NYSE:TYL) last issued its quarterly earnings results 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. The business had revenue of $543.34 million for the quarter, compared to the consensus estimate of $547.34 million. Tyler Technologies had a return on equity of 9.79% and a net margin of 11.39%. The firm’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.66 earnings per share. As a group, sell-side analysts predict that Tyler Technologies, Inc. will post 7.36 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO H Lynn Moore, Jr. sold 6,250 shares of Tyler Technologies stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $605.82, for a total transaction of $3,786,375.00. Following the sale, the chief executive officer now directly owns 75,000 shares of the company’s stock, valued at approximately $45,436,500. The trade was a 7.69 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider John S. Marr, Jr. sold 12,000 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $613.66, for a total transaction of $7,363,920.00. Following the transaction, the insider now owns 6,983 shares of the company’s stock, valued at approximately $4,285,187.78. This represents a 63.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 42,252 shares of company stock valued at $26,096,928 over the last quarter. 2.20% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. DA Davidson boosted their price target on Tyler Technologies from $525.00 to $550.00 and gave the stock a “neutral” rating in a research report on Thursday, October 17th. Piper Sandler upped their price target on shares of Tyler Technologies from $625.00 to $701.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. Oppenheimer lifted their price objective on shares of Tyler Technologies from $625.00 to $700.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. Robert W. Baird upped their target price on shares of Tyler Technologies from $625.00 to $700.00 and gave the company an “outperform” rating in a report on Friday, October 25th. Finally, Needham & Company LLC raised their target price on shares of Tyler Technologies from $600.00 to $700.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Four equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $643.77.

Tyler Technologies Company 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.