Tyler Technologies, Inc. (NYSE:TYL) Stock Holdings Cut by Westwood Management Corp IL

Westwood Management Corp IL lessened its holdings in shares of Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 51.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,760 shares of the technology company's stock after selling 31,060 shares during the quarter. Tyler Technologies accounts for approximately 4.5% of Westwood Management Corp IL's portfolio, making the stock its 10th largest position. Westwood Management Corp IL owned about 0.07% of Tyler Technologies worth $12,025,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of TYL. Norges Bank bought a new stake in Tyler Technologies during the 4th quarter valued at $164,642,000. Alliancebernstein L.P. boosted its holdings in shares of Tyler Technologies by 26.3% in the 4th quarter. Alliancebernstein L.P. now owns 1,719,257 shares of the technology company's stock worth $554,306,000 after buying an additional 357,779 shares during the last quarter. Morgan Stanley boosted its holdings in shares of Tyler Technologies by 21.1% in the 3rd quarter. Morgan Stanley now owns 1,015,713 shares of the technology company's stock worth $392,208,000 after buying an additional 177,242 shares during the last quarter. Select Equity Group L.P. boosted its holdings in shares of Tyler Technologies by 101.0% in the 1st quarter. Select Equity Group L.P. now owns 327,305 shares of the technology company's stock worth $116,075,000 after buying an additional 164,478 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Tyler Technologies by 122.1% in the 1st quarter. JPMorgan Chase & Co. now owns 213,701 shares of the technology company's stock worth $75,788,000 after buying an additional 117,500 shares during the last quarter. Institutional investors own 93.30% of the company's stock.

Insider Buying and Selling

In related news, insider John S. Marr, Jr. sold 6,500 shares of the company's stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $437.49, for a total value of $2,843,685.00. Following the transaction, the insider now directly owns 6,400 shares in the company, valued at $2,799,936. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, insider John S. Marr, Jr. sold 6,500 shares of the company's stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $437.49, for a total value of $2,843,685.00. Following the transaction, the insider now directly owns 6,400 shares in the company, valued at $2,799,936. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Glenn A. Carter sold 1,650 shares of the company's stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $437.84, for a total transaction of $722,436.00. Following the completion of the transaction, the director now owns 2,011 shares in the company, valued at $880,496.24. The disclosure for this sale can be found here. Over the last three months, insiders have sold 50,608 shares of company stock worth $21,974,819. Insiders own 2.20% of the company's stock.

Tyler Technologies Price Performance

Shares of TYL traded up $0.50 during midday trading on Friday, hitting $413.36. 293,009 shares of the company traded hands, compared to its average volume of 204,218. The stock has a 50-day moving average of $426.66 and a 200-day moving average of $413.04. Tyler Technologies, Inc. has a one year low of $358.06 and a one year high of $454.74. The firm has a market cap of $17.54 billion, a P/E ratio of 106.26, a PEG ratio of 4.05 and a beta of 0.81. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.86 and a quick ratio of 0.86.

Tyler Technologies (NYSE:TYL - Get Free Report) last posted its quarterly earnings data on Wednesday, February 14th. The technology company reported $1.39 earnings per share for the quarter, topping the consensus estimate of $1.33 by $0.06. The company had revenue of $480.94 million for the quarter, compared to analysts' expectations of $483.34 million. Tyler Technologies had a net margin of 8.50% and a return on equity of 8.85%. As a group, sell-side analysts predict that Tyler Technologies, Inc. will post 6.77 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on TYL shares. DA Davidson boosted their price target on shares of Tyler Technologies from $412.00 to $434.00 and gave the stock a "neutral" rating in a report on Thursday, February 22nd. Piper Sandler boosted their price target on shares of Tyler Technologies from $480.00 to $520.00 and gave the stock an "overweight" rating in a report on Friday, February 16th. Needham & Company LLC boosted their price target on shares of Tyler Technologies from $475.00 to $500.00 and gave the stock a "buy" rating in a report on Thursday, February 15th. JMP Securities reaffirmed a "market outperform" rating and set a $490.00 price objective on shares of Tyler Technologies in a report on Friday, February 16th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Tyler Technologies from $500.00 to $526.00 and gave the company an "overweight" rating in a report on Thursday, February 15th. Three investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $457.86.

About Tyler Technologies

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.