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John S. Marr Jr., Executive Chair of the Board at Tyler Technologies Inc . (NYSE:TYL), a $24.53 billion market cap company with strong financial health according to InvestingPro, recently executed a series of stock transactions according to a recent SEC filing. On March 6, Marr sold a total of 6,000 shares of common stock, generating approximately $3.71 million. The shares were sold at prices ranging from $616.68 to $620.0395 per share. The stock, which currently trades at $571, has shown historically low volatility and is currently trading above its InvestingPro Fair Value.
Additionally, Marr acquired 6,000 shares through the exercise of options at a price of $205.66 per share. Following these transactions, Marr holds 6,983 shares directly. Indirect holdings, which include shares in trusts and partnerships, amount to 16,888 shares. With revenue growing at 9.53% and 11 analysts revising earnings upward, discover more insights about Tyler Technologies in the comprehensive Pro Research Report, available exclusively on InvestingPro.
In other recent news, Tyler Technologies has released its fourth-quarter earnings report, revealing that subscription revenue surpassed estimates by $4 million. Despite the termination of a Texas contract impacting revenue projections, the company maintains a positive outlook on its earnings, with Non-GAAP EPS guidance for fiscal 2025 exceeding previous forecasts. DA Davidson has adjusted its price target for Tyler Technologies to $595, reflecting a slightly more favorable view, while maintaining a Neutral rating. Meanwhile, Truist Securities has reaffirmed its Buy rating with a $775 price target, citing strong SaaS revenue growth and strategic acquisitions. Needham has also increased its price target to $750, highlighting the company’s favorable margin trajectory and improved free cash flow expectations for fiscal 2025.
In executive developments, Tyler Technologies announced changes in its leadership team, with Rusty Smith assuming additional responsibilities following the planned retirement of Bret Dixon in 2025. The company emphasized Smith’s extensive experience as beneficial for expanding its solutions across government levels. These recent updates underscore Tyler Technologies’ strategic adjustments and financial performance, drawing attention from multiple analyst firms with varied projections on its market position. The company’s ongoing focus on operational efficiency and revenue mix improvement continues to influence its financial outlook positively.
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