Westwind Capital Sells 19,659 Shares of Tyler Technologies, Inc. $TYL

Westwind Capital reduced its position in Tyler Technologies, Inc. (NYSE:TYL) by 42.0% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 27,136 shares of the technology company’s stock after selling 19,659 shares during the quarter. Tyler Technologies makes up about 3.0% of Westwind Capital’s portfolio, making the stock its 15th largest position. Westwind Capital’s holdings in Tyler Technologies were worth $14,196,000 at the end of the most recent reporting period.

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

Tyler Technologies Trading Up 1.6%

TYL opened at $465.33 on Tuesday. The company has a market cap of $20.02 billion, a price-to-earnings ratio of 64.72, a PEG ratio of 3.49 and a beta of 0.91. The company’s fifty day moving average price is $473.65 and its two-hundred day moving average price is $529.34. Tyler Technologies, Inc. has a 1-year low of $445.64 and a 1-year high of $661.31.

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, topping analysts’ consensus estimates of $2.88 by $0.09. The company had revenue of $595.88 million for 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%. The firm’s revenue was up 10.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.52 EPS. Tyler Technologies has set its FY 2025 guidance at 11.300-11.500 EPS. As a group, equities analysts forecast that Tyler Technologies, Inc. will post 8.52 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. BTIG Research assumed coverage on shares of Tyler Technologies in a research note on Tuesday, December 16th. They issued a “buy” rating and a $560.00 price objective for the company. DA Davidson reduced their price target on shares of Tyler Technologies from $540.00 to $510.00 and set a “neutral” rating for the company in a report on Tuesday, December 9th. UBS Group reaffirmed an “overweight” rating on shares of Tyler Technologies in a research note on Wednesday, October 8th. TD Cowen assumed coverage on shares of Tyler Technologies in a research report on Friday, December 12th. They set a “buy” rating and a $650.00 price objective on the stock. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Tyler Technologies in a research note on Tuesday, October 14th. Twelve equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $649.31.

Insider Buying and Selling

In other Tyler Technologies news, Director Glenn A. Carter sold 500 shares of the firm’s stock in a transaction on Friday, December 12th. The stock was sold at an average price of $458.73, for a total transaction of $229,365.00. Following the transaction, the director directly owned 3,172 shares in the company, valued at approximately $1,455,091.56. This trade represents a 13.62% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Brian K. Miller sold 1,000 shares of Tyler Technologies stock in a transaction 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 transaction, the chief financial officer directly owned 12,781 shares in the company, valued at $5,995,311.48. This represents a 7.26% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 3,500 shares of company stock worth $1,605,605 in the last 90 days. Corporate insiders own 1.10% of the company’s stock.

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.