In addition to the sale, Miller exercised options to acquire 6,752 shares of common stock at prices ranging from $402 to $432.12 per share. Following these transactions, Miller holds 11,917 shares directly.The transactions were part of a series of moves by Miller, including transfers of shares for charitable purposes earlier in December, which did not involve any monetary exchange. Tyler Technologies (NYSE:TYL) has demonstrated strong momentum, with a 30% price increase over the past six months. For detailed insights and additional analysis, including 16 key ProTips, check out the comprehensive research report available on InvestingPro. Tyler Technologies has demonstrated strong momentum, with a 30% price increase over the past six months. For detailed insights and additional analysis, including 16 key ProTips, check out the comprehensive research report available on InvestingPro.
In addition to the sale, Miller exercised options to acquire 6,752 shares of common stock at prices ranging from $402 to $432.12 per share. Following these transactions, Miller holds 11,917 shares directly.
The transactions were part of a series of moves by Miller, including transfers of shares for charitable purposes earlier in December, which did not involve any monetary exchange.
In other recent news, Tyler Technologies has demonstrated robust financial performance in its third-quarter earnings and revenue results. Total (EPA:TTEF) revenues increased by 9.8% year-over-year to $543.3 million, with subscription and Software (ETR:SOWGn) as a Service (SaaS) revenues seeing significant increases of 17.6% and 20.3% respectively. New software bookings also surged 78% to $105.6 million.
The company has secured a significant $35 million contract with the Kentucky Court of Justice and updated its 2024 guidance, projecting total revenues between $2.125 billion and $2.145 billion, GAAP diluted EPS to range from $6.13 to $6.28, and a free cash flow margin between 21% and 23%.
Analysts from Truist Securities, Loop Capital, Piper Sandler, and Baird have maintained their positive outlook on Tyler Technologies. These firms have either confirmed or upgraded their ratings on the company's shares, with Truist Securities maintaining a Buy rating and a price target of $685.00, Loop Capital increasing the price target to $680, Piper Sandler to $701, and Baird to $700. These adjustments reflect the firms' confidence in Tyler Technologies' continued growth and profitability.
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