Tyler Technologies executive VP and CFO sells $693,187 in stock

Brian K. Miller, Executive Vice President and Chief Financial Officer of Tyler Technologies Inc . (NYSE:TYL), a $25.25 billion market cap company trading near $584 per share, recently sold 1,200 shares of the company’s common stock. According to InvestingPro analysis, Tyler Technologies is currently trading above its Fair Value. The shares were sold at an average price of $577.656 each, amounting to a total transaction value of approximately $693,187. Following this transaction, Miller holds 17,216.2913 shares directly.

Additionally, Miller transferred 259 shares as part of a charitable gift. This transfer, recorded with zero dollar value, was made to fund a charitable cause. After these transactions, Miller’s direct shareholding stands at 17,216.2913 shares. The company maintains a strong financial position with a GOOD overall health score and revenue growth of approximately 10% over the last twelve months.

Miller also holds shares indirectly through family trusts. These include 10,011 shares in a trust for which his spouse is the beneficiary and trustee, and 9,326 shares in trusts for which his children are beneficiaries, with Miller serving as the trustee. For deeper insights into Tyler Technologies’ valuation and 11 additional ProTips, check out the comprehensive Pro Research Report available on InvestingPro.

In other recent news, Tyler Technologies reported first-quarter results with revenues slightly surpassing projections and earnings significantly exceeding expectations, prompting an upward revision of their revenue guidance. The company now anticipates a year-over-year growth of 8%-10% in total revenue, reaching between $2.31 billion to $2.35 billion, and a 16%-19% increase in Non-GAAP EPS, with expectations set between $11.05 and $11.35. In terms of analyst ratings, JPMorgan reiterated an Overweight rating with a price target of $740, expressing confidence in Tyler Tech’s growth prospects. Piper Sandler also maintained an Overweight rating with a $708 target, emphasizing the company’s transition to cloud-based operations and potential in AI monetization. Needham upheld a Buy rating with a $750 price target, highlighting positive budgetary conditions for Tyler’s clients and expected contract wins in 2025. Meanwhile, Cantor Fitzgerald initiated coverage with a Neutral rating and a $60 price target, citing the company’s strong market position and growth opportunities through cloud migrations. DA Davidson also maintained a Neutral rating with a price target of $595, noting the company’s robust financial results and revised guidance. These developments reflect a mix of optimism and caution among analysts regarding Tyler Technologies’ future performance.

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