Tyler Technologies Inc. (NASDAQ: TYL) Chief Operating Officer Jeffrey David Puckett sold 8,500 common shares on August 24, 2026, for a total of $3.03 million at $356.435 per share, according to regulatory filings.
The transaction followed the exercise of stock options for the same number of shares at a strike price of $143.42, resulting in a total cost of $1.22 million. The options featured tiered vesting schedules, with exercise dates staggered across tranches. After these transactions, Puckett directly holds 7,783,621.9 common shares.
Tyler Technologies reported Q2 fiscal 2026 results on the same day, with revenue rising 8.2% year-over-year to $645.1 million, exceeding the consensus estimate of $642.2 million. Adjusted earnings per share came in at $3.08, slightly above the $3.07 forecast. SaaS bookings, total bookings, and free cash flow all reached record levels, with Q2 bookings up 13% to $715 million.
The company’s stock was trading at $352.65 at the time of publication, down 22% year-to-date, with a market capitalization of $14.44 billion. Analysts maintained mixed but largely positive outlooks, with price targets ranging from $435 to $500. DA Davidson reiterated a Buy rating with a $460 target, while Citizens maintained an Outperform rating at $500. Baird reduced its target from $455 to $435 but kept a positive stance, and Piper Sandler adjusted its target from $543 to $491. Truist Securities also reiterated a Buy rating with a $440 target, citing progress in AI adoption.
Tyler Technologies, which recently acquired CODY Systems, did not provide updated guidance in the filing.
