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PLANO, TX – Tyler Technologies, Inc. (NYSE:TYL), a major provider of software services with a market capitalization of $24.35 billion and strong financial health according to InvestingPro metrics, announced that its President and CEO, H. Lynn Moore, Jr., has established a prearranged stock trading plan to sell up to 42,000 shares of company stock. The shares are to be acquired upon the exercise of vested stock options, part of a 2018 grant, with 85,000 option shares remaining. This plan is in accordance with the company’s insider trading policy and the Securities Exchange Act’s Rule 10b5-1.
Trading under this plan is set to commence on June 10, 2025, and will be executed through a volume weighted average price algorithm over eight designated monthly trading periods. Each period will see a maximum of 5,250 shares sold, beginning on June 10, 2025, and ending no later than February 9, 2026. The stock, which has demonstrated relatively low price volatility according to InvestingPro analysis, has seen a 33% return over the past year, with analyst price targets ranging from $595 to $785. The brokerage firm handling the sales is instructed not to sell shares below a threshold price of $575.00 per share. Unsold shares will carry over to subsequent months until the plan’s expiration.
The transactions are part of Mr. Moore’s long-term asset diversification, tax, and financial planning strategy. The plan allows for the sale of shares in a manner that is compliant with federal securities laws, even if Mr. Moore later becomes privy to material, nonpublic information.
Mr. Moore’s trading plan is structured to ensure that he will maintain compliance with Tyler’s stock ownership guidelines, which require him to hold company stock valued at a minimum of six times his base salary. Following each monthly sale, Mr. Moore is expected to continue meeting these ownership requirements.
The company has disclosed that any transactions made under this plan will be publicly reported through Form 4 filings with the Securities and Exchange Commission. This move ensures transparency and allows shareholders and the public to monitor the sales made under the plan.
This announcement, based on a recent SEC filing, highlights the ongoing financial planning activities of Tyler Technologies’ executive leadership and their adherence to regulatory requirements and company policies. The company maintains strong financial metrics, with a gross profit margin of 44% and moderate debt levels. InvestingPro analysis reveals 13 additional key insights about Tyler Technologies’ financial position and growth prospects, available through their comprehensive Pro Research Report, which transforms complex financial data into actionable intelligence for investors.
In other recent news, Tyler Technologies reported strong fourth-quarter results, with Subscription revenue exceeding estimates by $4 million. Analysts from Needham raised the company’s price target to $750 from $700, maintaining a Buy rating due to the favorable financial outlook. Truist Securities also reiterated a Buy rating with a $775 price target, citing successful commoditized payments deals and a strategic acquisition as positive factors. Despite a slight revenue forecast adjustment due to the loss of a Texas contract, DA Davidson increased its price target to $595, while maintaining a Neutral stance. The company’s fiscal 2025 guidance suggests a positive margin trajectory, with Non-GAAP EPS guidance slightly exceeding previous forecasts. Tyler Technologies announced executive team changes, with Rusty Smith expanding his role following Bret Dixon’s planned retirement. These developments reflect the company’s ongoing efforts to enhance its product offerings and operational efficiency. The revised financial outlook and analyst ratings indicate a cautiously optimistic view of Tyler Technologies’ future performance.
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