Tyler Technologies, Inc. $TYL Position Raised by Westwind Capital

Key Points

• Westwind Capital recently increased its stake in Tyler Technologies by 1.3%, making the company about 5.7% of their investment portfolio, with an ownership valued at approximately $27.7 million.
• Tyler Technologies reported $2.91 EPS for the last quarter, surpassing estimates, and experienced a 10.2% increase in revenue year-over-year.
• Analysts have mixed ratings on Tyler Technologies, with an average target price of $688.27 and a consensus rating of "Moderate Buy".

Westwind Capital raised its stake in shares of Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 1.3% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 46,795 shares of the technology company's stock after purchasing an additional 594 shares during the period. Tyler Technologies accounts for about 5.7% of Westwind Capital's investment portfolio, making the stock its 7th biggest holding. Westwind Capital owned approximately 0.11% of Tyler Technologies worth $27,741,000 as of its most recent filing with the SEC.

Several other large investors also recently bought and sold shares of TYL. Vanguard Group Inc. lifted its holdings in Tyler Technologies by 2.8% during the 1st quarter. Vanguard Group Inc. now owns 5,459,163 shares of the technology company's stock worth $3,173,903,000 after buying an additional 148,762 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in shares of Tyler Technologies by 6.3% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 998,927 shares of the technology company's stock worth $580,766,000 after purchasing an additional 59,554 shares during the last quarter. GAMMA Investing LLC raised its holdings in Tyler Technologies by 57,694.7% during the first quarter. GAMMA Investing LLC now owns 878,480 shares of the technology company's stock worth $510,739,000 after purchasing an additional 876,960 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Tyler Technologies by 3.1% during the 1st quarter. JPMorgan Chase & Co. now owns 480,085 shares of the technology company's stock valued at $279,117,000 after acquiring an additional 14,219 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its position in shares of Tyler Technologies by 17.2% during the first quarter. Goldman Sachs Group Inc. now owns 428,304 shares of the technology company's stock valued at $249,012,000 after buying an additional 62,889 shares during the last quarter. Institutional investors own 93.30% of the company's stock.

Insider Activity

In related news, CEO H Lynn Moore, Jr. sold 5,250 shares of the company's stock in a transaction on Monday, August 11th. The shares were sold at an average price of $588.89, for a total transaction of $3,091,672.50. Following the completion of the sale, the chief executive officer directly owned 81,775 shares in the company, valued at $48,156,479.75. This represents a 6.03% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Glenn A. Carter sold 750 shares of the stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $538.30, for a total transaction of $403,725.00. Following the sale, the director directly owned 3,172 shares in the company, valued at $1,707,487.60. This trade represents a 19.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 19,500 shares of company stock worth $11,148,043. Company insiders own 1.10% of the company's stock.

Analyst Ratings Changes

A number of research firms recently weighed in on TYL. Cantor Fitzgerald began coverage on shares of Tyler Technologies in a research report on Tuesday, June 3rd. They issued a "neutral" rating and a $600.00 target price for the company. Barclays lifted their target price on shares of Tyler Technologies from $695.00 to $715.00 and gave the stock an "overweight" rating in a research note on Thursday, July 31st. Finally, DA Davidson set a $585.00 target price on Tyler Technologies and gave the stock a "neutral" rating in a research report on Tuesday, August 5th. Eight research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat, Tyler Technologies has a consensus rating of "Moderate Buy" and a consensus price target of $688.27.

Tyler Technologies Trading Up 0.9%

Shares of Tyler Technologies stock traded up $4.97 during midday trading on Friday, reaching $535.02. The company had a trading volume of 995,765 shares, compared to its average volume of 309,662. Tyler Technologies, Inc. has a 1-year low of $513.52 and a 1-year high of $661.31. The company has a market capitalization of $23.14 billion, a price-to-earnings ratio of 76.43, a price-to-earnings-growth ratio of 4.10 and a beta of 0.89. The stock has a fifty day simple moving average of $563.32 and a 200 day simple moving average of $566.86.

Tyler Technologies (NYSE:TYL - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The technology company reported $2.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.78 by $0.13. The firm had revenue of $584.01 million for the quarter, compared to analyst estimates of $587.59 million. Tyler Technologies had a net margin of 13.66% and a return on equity of 10.34%. The company's revenue was up 10.2% compared to the same quarter last year. During the same period in the previous year, the business earned $2.40 EPS. Tyler Technologies has set its FY 2025 guidance at 11.200-11.500 EPS. Sell-side analysts expect that Tyler Technologies, Inc. will post 8.52 earnings per share for the current year.

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.