Tyler Technologies executive chair sells $2.79 million in stock

John S. Marr Jr., Executive Chair of the Board at Tyler Technologies Inc . (NYSE:TYL), recently executed a series of stock transactions, according to a filing with the Securities and Exchange Commission. On May 9, Marr sold shares of the company totaling approximately $2.79 million. The sales occurred at prices ranging from $551.68 to $560.89 per share. The stock, currently trading at $565.86, appears overvalued according to InvestingPro analysis, though analysts maintain price targets ranging from $570 to $775.

In addition to these sales, Marr exercised options to acquire 5,000 shares at a price of $231.68 per share, valued at approximately $1.16 million. After these transactions, Marr holds 6,983 shares directly. Additionally, he has indirect ownership of 16,888 shares through various trusts and partnerships, as noted in the filing. With a market capitalization of $24.39 billion and a "GOOD" financial health rating from InvestingPro, Tyler Technologies continues to show strong performance, maintaining ~10% revenue growth in the last twelve months.

In other recent news, Tyler Technologies reported better-than-expected earnings for the first quarter of 2025, with an earnings per share (EPS) of $2.78, surpassing the forecast of $2.55. Revenue also exceeded expectations, reaching $565.2 million compared to the projected $556.82 million. The company’s management has revised their revenue guidance upward, projecting a year-over-year growth of 8%-10% in total revenue, reaching between $2.31 billion to $2.35 billion. Additionally, Tyler Technologies anticipates a 16%-19% increase in Non-GAAP EPS, with expectations set between $11.05 and $11.35.

DA Davidson maintained a Neutral rating on Tyler Technologies, highlighting the company’s first-quarter results that showed revenues slightly surpassing projections and earnings significantly above expectations. Meanwhile, Needham upheld their Buy rating for Tyler Technologies, setting a steady price target of $750.00. They expressed confidence in the company’s market position and anticipated several substantial contract wins in the second half of 2025.

The company continues to focus on expanding its cloud and AI initiatives, contributing to strong SaaS and subscription growth. Tyler Technologies also highlighted organizational changes aimed at enhancing service delivery, including the appointment of Andrew Kahl as Chief Client Officer. These developments are part of the company’s strategic direction and efforts to support its growth trajectory.

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