Bank CEOs meet with Trump to discuss Fannie Mae and Freddie Mac - Bloomberg
Jeffrey David Puckett, the Chief Operating Officer of Tyler Technologies Inc . (NYSE:TYL), recently executed a series of stock transactions involving the company’s common stock. On February 27 and 28, Puckett sold shares totaling approximately $5.17 million. The sale prices ranged from $602.15 to $615.60 per share, close to the current trading price of $605.51. According to InvestingPro analysis, the stock appears to be trading above its Fair Value, with analysts setting price targets between $595 and $785.
In addition to these sales, Puckett acquired shares through the exercise of stock options. On February 27, he acquired 5,034 shares at a price of $154.85 each, and on February 28, he acquired an additional 3,466 shares at the same price. The total value of the acquired shares amounted to approximately $1.32 million.
Following these transactions, Puckett’s direct ownership of Tyler Technologies shares stands at 4,691.39 shares.
In other recent news, Tyler Technologies has reported notable developments, beginning with its fourth-quarter earnings results for 2024. The company exceeded revenue expectations, with Subscription revenue surpassing estimates by $4 million. However, the revenue guidance for fiscal 2025 is slightly below consensus, primarily due to the termination of a low-margin payments contract in Texas. Despite this, Tyler Technologies has projected a positive earnings outlook, with Non-GAAP EPS guidance for fiscal 2025 exceeding both DA Davidson’s and the consensus forecasts. Analyst firms have responded to these results with varying adjustments to their price targets and ratings. Needham raised its price target to $750 while maintaining a Buy rating, highlighting the company’s favorable margin trajectory and strong cash flow projections. Oppenheimer increased its price target to $725, citing Tyler’s strong demand outlook and successful execution of cloud transitions. Meanwhile, DA Davidson adjusted its price target to $595, maintaining a Neutral stance, noting the slight revenue dip but acknowledging improved earnings guidance. Truist Securities reaffirmed its Buy rating with a $775 price target, emphasizing Tyler’s robust SaaS revenue growth and strategic acquisitions. Additionally, Tyler Technologies announced executive changes, with Rusty Smith expanding his leadership role, which is expected to support the company’s growth and strategic initiatives.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.