🎈 Up Big Today: Find today's biggest gainers with our free screenerTry Stock Screener

Tyler Technologies CFO sells shares for $1.58 million

Published 12/06/2024, 06:31 PM
TYL
-

This transaction follows the exercise of options to acquire 2,748 shares at $402 per share, valued at around $1.1 million. Following these transactions, Miller retains direct ownership of 12,197.5229 shares and indirect ownership of 26,781 shares through family trusts. The $26.7 billion market cap company maintains a GOOD financial health score, with strong cash flows and moderate debt levels. For deeper insights into Tyler Technologies (NYSE:TYL)' valuation and 18 additional ProTips, visit InvestingPro. The $26.7 billion market cap company maintains a GOOD financial health score, with strong cash flows and moderate debt levels. For deeper insights into Tyler Technologies' valuation and 18 additional ProTips, visit InvestingPro. This transaction follows the exercise of options to acquire 2,748 shares at $402 per share, valued at around $1.1 million. Following these transactions, Miller retains direct ownership of 12,197.5229 shares and indirect ownership of 26,781 shares through family trusts.

In other recent news, Tyler Technologies reported significant growth in its third-quarter earnings and revenue, primarily driven by its Software-as-a-Service (SaaS) offerings. The company's total revenues rose to $543.3 million, marking a 9.8% increase year-over-year. Subscription revenue and SaaS revenues also saw substantial increases. New software bookings surged 78% to $105.6 million. Truist Securities and Loop Capital both confirmed their Buy ratings on Tyler Technologies, while Piper Sandler and Baird raised their price targets for the company, reflecting confidence in its continued growth and profitability. These adjustments were based on the company's strong Q3 performance and its commanding position in government sector markets. Tyler Technologies also 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.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.