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.