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Lynn Moore Jr., the President and CEO of Tyler Technologies Inc . (NYSE:TYL), recently sold significant shares of the company. According to a recent SEC filing, Moore executed a series of transactions on February 24 and 25, 2025, selling a total of 7,900 shares. These shares were sold at prices ranging from $609.25 to $620.65 per share, resulting in a total sale value of approximately $4.9 million. The transactions occurred as Tyler Technologies, currently valued at $26.5 billion, trades near its 52-week high of $661.31. InvestingPro analysis shows the stock has delivered a robust 39.6% return over the past year.
In addition to these sales, Moore also acquired 8,000 shares through the exercise of stock options on the same dates, at a price of $205.66 per share. This acquisition totaled approximately $1.6 million. Following these transactions, Moore’s direct ownership stands at 75,000 shares. According to InvestingPro, Tyler Technologies maintains strong financial health with good profitability metrics, and 11 analysts have recently revised their earnings expectations upward. Discover more insights about TYL and access detailed valuation metrics with a comprehensive Pro Research Report, available exclusively on InvestingPro.
In other recent news, Tyler Technologies has announced significant changes to its executive team. Bret Dixon, President of Tyler’s State & Federal Group, will retire in June 2025, with Rusty Smith assuming Dixon’s responsibilities alongside his current role as President of the Justice Group. The company also received several analyst updates following its fourth-quarter earnings report. Truist Securities maintained a Buy rating with a $775 price target, noting strong software as a service (SaaS) revenue growth and a strategic acquisition. DA Davidson adjusted its price target to $595 while maintaining a Neutral rating, citing a slight dip in revenue projections due to a contract termination in Texas. Needham analysts raised their price target to $750, highlighting strong subscription revenue and a favorable margin trajectory for fiscal year 2025. Oppenheimer increased their price target to $725, emphasizing Tyler’s solid demand outlook and significant free cash flow performance. These developments reflect a positive sentiment among analysts regarding Tyler Technologies’ financial health and strategic direction.
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