Westwind Capital Increases Stock Holdings in Tyler Technologies, Inc. $TYL

Key Points

• Westwind Capital increased its stake in Tyler Technologies by 47.7%, buying an extra 12,955 shares to hold 40,091 shares worth roughly $18.2 million, making TYL its 11th-largest holding (about 3.7% of the firm's portfolio).
• Tyler missed Q4 estimates with EPS of $2.64 (vs. $2.71 expected) and revenue of $575.18M (below consensus); the stock trades near $349, has a $15.02B market cap, and analysts maintain a "Moderate Buy" consensus with a $467.54 average target.
• Insider activity was mixed: a director purchased 1,600 shares at $309.91 while the COO sold 5,174 shares at $369.93; institutional investors own about 93.3% of the stock and insiders about 1.10%.

Westwind Capital boosted its stake in shares of Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 47.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 40,091 shares of the technology company's stock after buying an additional 12,955 shares during the period. Tyler Technologies makes up approximately 3.7% of Westwind Capital's holdings, making the stock its 11th largest holding. Westwind Capital owned approximately 0.09% of Tyler Technologies worth $18,199,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of TYL. Root Financial Partners LLC bought a new stake in shares of Tyler Technologies in the 3rd quarter worth about $28,000. Twin Peaks Wealth Advisors LLC bought a new position in Tyler Technologies during the 2nd quarter valued at about $32,000. Advisors Asset Management Inc. bought a new position in Tyler Technologies during the 1st quarter valued at about $38,000. Geneos Wealth Management Inc. raised its position in Tyler Technologies by 137.9% in the 1st quarter. Geneos Wealth Management Inc. now owns 69 shares of the technology company's stock worth $40,000 after purchasing an additional 40 shares during the period. Finally, Quent Capital LLC purchased a new stake in Tyler Technologies in the 3rd quarter worth about $49,000. 93.30% of the stock is owned by hedge funds and other institutional investors.

Tyler Technologies Trading Down 0.3%

Shares of TYL stock opened at $349.27 on Tuesday. The stock has a fifty day simple moving average of $366.26 and a two-hundred day simple moving average of $443.68. Tyler Technologies, Inc. has a twelve month low of $283.71 and a twelve month high of $621.34. The stock has a market capitalization of $15.02 billion, a price-to-earnings ratio of 48.51, a P/E/G ratio of 2.35 and a beta of 0.90.

Tyler Technologies (NYSE:TYL - Get Free Report) last issued its quarterly earnings data on Wednesday, February 11th. The technology company reported $2.64 EPS for the quarter, missing analysts' consensus estimates of $2.71 by ($0.07). The business had revenue of $575.18 million during the quarter, compared to the consensus estimate of $591.09 million. Tyler Technologies had a return on equity of 10.42% and a net margin of 13.53%.The business's quarterly revenue was up 6.3% on a year-over-year basis. During the same period last year, the firm earned $2.43 EPS. Research analysts predict that Tyler Technologies, Inc. will post 8.52 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

TYL has been the subject of several recent analyst reports. Needham & Company LLC restated a "buy" rating and set a $750.00 target price on shares of Tyler Technologies in a research report on Tuesday, February 3rd. TD Cowen cut their price objective on Tyler Technologies from $600.00 to $500.00 and set a "buy" rating on the stock in a research report on Friday, February 13th. DA Davidson reiterated a "buy" rating and issued a $460.00 target price on shares of Tyler Technologies in a research note on Tuesday, February 17th. Wells Fargo & Company lowered their target price on shares of Tyler Technologies from $420.00 to $335.00 and set an "equal weight" rating for the company in a research note on Friday, February 13th. Finally, Piper Sandler reaffirmed an "overweight" rating and issued a $543.00 price target (down from $671.00) on shares of Tyler Technologies in a research note on Friday, February 13th. Twelve investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, Tyler Technologies presently has an average rating of "Moderate Buy" and a consensus target price of $467.54.

Insider Activity

In related news, Director Andrew D. Teed acquired 1,600 shares of the firm's stock in a transaction that occurred on Monday, February 23rd. The stock was purchased at an average cost of $309.91 per share, for a total transaction of $495,856.00. Following the purchase, the director directly owned 5,118 shares of the company's stock, valued at $1,586,119.38. This trade represents a 45.48% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. Also, COO Jeffrey David Puckett sold 5,174 shares of the firm's stock in a transaction dated Thursday, March 5th. The shares were sold at an average price of $369.93, for a total value of $1,914,017.82. Following the sale, the chief operating officer directly owned 7,754 shares in the company, valued at approximately $2,868,437.22. The trade was a 40.02% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 7,298 shares of company stock worth $2,658,721 over the last ninety days. 1.10% of the stock is currently owned by corporate insiders.

About Tyler Technologies

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.

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