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Lynn Moore Jr., President and CEO of Tyler Technologies Inc . (NYSE:TYL), sold a significant portion of his holdings in the company, according to a recent SEC filing. On June 10, Moore executed a series of transactions involving the sale of 5,250 shares of common stock, amounting to approximately $3.07 million. The sales occurred at prices ranging from $580.79 to $588.21 per share. According to InvestingPro data, the stock has delivered a strong 22.81% return over the past year, trading near its 52-week high of $661.31.
In addition to the sales, Moore also exercised options to acquire 5,250 shares at a price of $205.66 per share, totaling $1,079,715. These transactions were conducted under a pre-established Rule 10b5-1 trading plan, which was adopted by Moore on March 6, 2025. For deeper insights into insider trading patterns and comprehensive financial analysis, InvestingPro subscribers can access detailed reports and real-time alerts.
Following these transactions, Moore holds 81,775 shares of Tyler Technologies directly. The company, headquartered in Plano, Texas, specializes in providing integrated software and technology services to the public sector. With a market capitalization of $25.25 billion and revenue growth of nearly 10% in the last twelve months, Tyler Technologies maintains a strong financial health rating according to InvestingPro analysis, though current valuations suggest the stock is trading above its Fair Value.
In other recent news, Tyler Technologies reported first-quarter results with revenues slightly exceeding projections and earnings significantly surpassing expectations, leading to an upward revision of their revenue guidance. Management now anticipates a year-over-year revenue growth of 8%-10%, reaching between $2.31 billion to $2.35 billion, and a 16%-19% increase in Non-GAAP EPS, set between $11.05 and $11.35. DA Davidson maintained a Neutral rating on the stock, reflecting a cautious yet stable outlook.
Meanwhile, JPMorgan reiterated their Overweight rating, maintaining a price target of $740, citing Tyler Tech’s transformation into a payment facilitator as a key strength. Piper Sandler also upheld an Overweight rating with a $708 target, highlighting the company’s cloud operations and AI monetization as significant growth drivers. Needham maintained a Buy rating with a $750 price target, expressing confidence in the company’s strategic direction and potential contract wins in 2025.
In contrast, Cantor Fitzgerald initiated coverage with a Neutral rating and a price target of $60, focusing on Tyler Tech’s valuation relative to its revenue estimates for 2026. Overall, these developments indicate a mix of optimism and caution among analysts regarding Tyler Technologies’ future performance and market opportunities.
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