TYLER TECHNOLOGIES INC

TYL · Services-Prepackaged Software · 42.2M shares · +2%/yr ↑ shares · EDGAR filings ↗

Reference price $349.14 · est. market cap ~$14.7B — last insider sale, 2026-03-12 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)

Grade

B76

Sticky government-software franchise with strong free cash flow, recurring revenue, and low leverage.

Strengths

Strong free cash flow — FCF $637.5M (79th), FCF margin 27.3%
Profitable, growing — operating margin 15.3% (75th), revenue +9.1%, net income +20.0%
Low leverage — D/E 0.16 (29th)

Risks

Tight liquidity — current ratio 1.05 (22nd)
Lower gross margin than pure SaaS — 46.5% (9th) given services mix
Government-budget and implementation-cycle dependence — qualitative (per 10-K)

Notable findings

High convictionHigh conviction — notable institutional holders, insider buying, and a strong balance sheet
Fund exitedNotable fund(s) exited this quarter: VANGUARD GROUP INC, Bridgewater Associates, LP
Strong balance sheetStrong balance sheet — $1.2B cash & investments
Insider buyingInsider buying — 2 open-market buy(s) by 2 insider(s) (cluster of 2 insiders, ~$694,152, last 6mo) Form 4 ↗
Notable holderHeld by 5 notable fund(s): STATE STREET CORP, CITADEL ADVISORS LLC, GOLDMAN SACHS GROUP INC +2 more (as of 2026-03-31)
Insider sellingInsider selling — 7 open-market sale(s) by 3 insider(s) (cluster of 3 insiders, ~$3M, last 6mo) Form 4 ↗

Quarterly revenue

2025-06-30 · $596M2025-09-30 · $596M2025-12-31 · $575M2026-03-31 · $614M

Last 4 quarters · from SEC filings.

Key metrics

Gross margin

46.5%

Operating margin

15.3%

Net margin

13.5%

Return on equity

8.5%

Return on assets

5.6%

ROIC

6.6%

Revenue growth (QoQ)

6.7%

Net-income growth

20.0%

Debt / equity

0.2×

Net debt / EBITDA

-1.1×

Current ratio

1.1×

Free cash flow

$638M

EBITDA

$496M

Tangible book value

$332M

Cash & investments

$1.2B

Stock comp / revenue

6.5%

Insider transactions · last 18 months

Date	Insider	Type	Shares	Price
2026-06-15	MILLER BRIAN K	Gift	90	—
2026-05-06	Hawkins Ronnie D. Jr.	Option exercise	452	—
2026-05-06	Teed Andrew D.	Option exercise	452	—
2026-05-06	Cline Brenda A	Option exercise	452	—
2026-05-06	Carter Margot Lebenberg	Option exercise	452	—
2026-05-06	Carter Glenn A	Option exercise	452	—
2026-05-06	Pope Daniel M	Option exercise	452	—
2026-03-31	Puckett Jeffrey David	Grant	15	$291.02
2026-03-31	MILLER BRIAN K	Grant	57	$291.02
2026-03-12	Carter Glenn A	Option exercise	1.6K	$146.92
2026-03-12	Carter Glenn A	Option exercise	2.1K	$146.92
2026-03-12	Carter Glenn A	Sell	1.6K	$349.14
2026-03-05	Puckett Jeffrey David	Sell	280	$371.93
2026-03-05	Puckett Jeffrey David	Sell	720	$367.60
2026-03-05	Puckett Jeffrey David	Sell	1.1K	$368.82
2026-03-05	Puckett Jeffrey David	Sell	1.4K	$370.16
2026-03-05	Puckett Jeffrey David	Sell	1.7K	$371.17
2026-03-02	Pope Daniel M	Sell	500	$355.40
2026-03-01	Puckett Jeffrey David	Tax withheld	285	$354.69
2026-03-01	Puckett Jeffrey David	Option exercise	261	—
2026-03-01	Puckett Jeffrey David	Tax withheld	103	$354.69
2026-03-01	Puckett Jeffrey David	Option exercise	189	—
2026-03-01	Puckett Jeffrey David	Tax withheld	74	$354.69
2026-03-01	Puckett Jeffrey David	Option exercise	136	—
2026-03-01	Puckett Jeffrey David	Tax withheld	54	$354.69
2026-03-01	MILLER BRIAN K	Option exercise	4.8K	—
2026-03-01	MILLER BRIAN K	Tax withheld	1.9K	$354.69
2026-03-01	MILLER BRIAN K	Option exercise	7.2K	—
2026-03-01	MILLER BRIAN K	Tax withheld	2.6K	$354.69
2026-03-01	MILLER BRIAN K	Option exercise	1.4K	—
2026-03-01	MILLER BRIAN K	Tax withheld	364	$354.69
2026-03-01	MILLER BRIAN K	Tax withheld	183	$354.69
2026-03-01	MILLER BRIAN K	Option exercise	378	—
2026-03-01	MILLER BRIAN K	Tax withheld	149	$354.69
2026-03-01	MILLER BRIAN K	Option exercise	273	—
2026-03-01	MILLER BRIAN K	Tax withheld	107	$354.69
2026-03-01	MARR JOHN S JR	Option exercise	1.4K	—
2026-03-01	MARR JOHN S JR	Tax withheld	516	$354.69
2026-03-01	MARR JOHN S JR	Option exercise	2.1K	—
2026-03-01	MARR JOHN S JR	Tax withheld	637	$354.69
2026-03-01	MOORE H LYNN JR	Option exercise	10K	—
2026-03-01	MOORE H LYNN JR	Tax withheld	4.0K	$354.69
2026-03-01	MOORE H LYNN JR	Option exercise	15K	—
2026-03-01	MOORE H LYNN JR	Tax withheld	5.9K	$354.69
2026-03-01	MOORE H LYNN JR	Option exercise	2.3K	—
2026-03-01	MOORE H LYNN JR	Tax withheld	563	$354.69
2026-03-01	MOORE H LYNN JR	Option exercise	1.0K	—
2026-03-01	MOORE H LYNN JR	Tax withheld	410	$354.69
2026-03-01	MOORE H LYNN JR	Option exercise	756	—
2026-03-01	MOORE H LYNN JR	Tax withheld	297	$354.69
2026-03-01	MOORE H LYNN JR	Option exercise	547	—
2026-03-01	MOORE H LYNN JR	Tax withheld	215	$354.69
2026-03-01	MILLER BRIAN K	Option exercise	464	—
2026-03-01	Diaz-Pedrosa Abigail Marshall	Option exercise	1.8K	—
2026-03-01	Diaz-Pedrosa Abigail Marshall	Tax withheld	776	$354.69
2026-03-01	Diaz-Pedrosa Abigail Marshall	Option exercise	2.6K	—
2026-03-01	Diaz-Pedrosa Abigail Marshall	Tax withheld	850	$354.69
2026-03-01	Diaz-Pedrosa Abigail Marshall	Option exercise	723	—
2026-03-01	Diaz-Pedrosa Abigail Marshall	Tax withheld	231	$354.69
2026-03-01	Diaz-Pedrosa Abigail Marshall	Option exercise	67	—
2026-03-01	Diaz-Pedrosa Abigail Marshall	Tax withheld	30	$354.69
2026-03-01	Diaz-Pedrosa Abigail Marshall	Option exercise	38	—
2026-03-01	Diaz-Pedrosa Abigail Marshall	Tax withheld	17	$354.69
2026-03-01	Diaz-Pedrosa Abigail Marshall	Option exercise	27	—
2026-03-01	Diaz-Pedrosa Abigail Marshall	Tax withheld	12	$354.69
2026-03-01	Puckett Jeffrey David	Option exercise	3.0K	—
2026-03-01	Puckett Jeffrey David	Tax withheld	1.2K	$354.69
2026-03-01	Puckett Jeffrey David	Option exercise	4.5K	—
2026-03-01	Puckett Jeffrey David	Tax withheld	1.5K	$354.69
2026-03-01	Puckett Jeffrey David	Option exercise	1.1K	—
2026-02-23	Teed Andrew D.	Buy	1.6K	$309.91
2026-02-20	Diaz-Pedrosa Abigail Marshall	Buy	610	$325.08
2025-12-31	Puckett Jeffrey David	Grant	10	$385.86
2025-12-15	MILLER BRIAN K	Sell	1.0K	$448.51
2025-12-12	Carter Glenn A	Option exercise	500	$146.92
2025-12-12	Carter Glenn A	Sell	500	$458.73
2025-12-12	MILLER BRIAN K	Sell	1.0K	$458.65
2025-12-09	MILLER BRIAN K	Gift	275	—
2025-11-25	MILLER BRIAN K	Sell	1.0K	$469.08
2025-09-30	Puckett Jeffrey David	Grant	10	$444.69
2025-09-15	Carter Glenn A	Option exercise	750	$146.92
2025-09-15	Carter Glenn A	Sell	750	$538.30
2025-09-09	MARR JOHN S JR	Sell	2.4K	$559.32
2025-09-09	MARR JOHN S JR	Option exercise	4.0K	$290.17
2025-09-09	MARR JOHN S JR	Sell	103	$560.30
2025-09-09	MARR JOHN S JR	Sell	37	$562.04
2025-09-09	MARR JOHN S JR	Sell	1.5K	$562.83
2025-08-28	MARR JOHN S JR	Option exercise	2.2K	$231.68
2025-08-28	MARR JOHN S JR	Option exercise	2.0K	$290.17
2025-08-28	MARR JOHN S JR	Sell	925	$552.25
2025-08-28	MARR JOHN S JR	Sell	437	$553.72
2025-08-28	MARR JOHN S JR	Sell	822	$554.69
2025-08-28	MARR JOHN S JR	Sell	170	$555.57
2025-08-28	MARR JOHN S JR	Sell	539	$556.47
2025-08-28	MARR JOHN S JR	Sell	705	$558.01
2025-08-28	MARR JOHN S JR	Sell	652	$558.98
2025-08-11	MOORE H LYNN JR	Sell	700	$594.42
2025-08-11	MOORE H LYNN JR	Option exercise	5.2K	$205.66
2025-08-11	MOORE H LYNN JR	Sell	469	$583.11
2025-08-11	MOORE H LYNN JR	Sell	1.2K	$584.71
2025-08-11	MOORE H LYNN JR	Sell	532	$585.41
2025-08-11	MOORE H LYNN JR	Sell	273	$586.32
2025-08-11	MOORE H LYNN JR	Sell	400	$587.90
2025-08-11	MOORE H LYNN JR	Sell	200	$589.67
2025-08-11	MOORE H LYNN JR	Sell	400	$591.29
2025-08-11	MOORE H LYNN JR	Sell	352	$592.07
2025-08-11	MOORE H LYNN JR	Sell	100	$593.22
2025-08-11	MOORE H LYNN JR	Sell	500	$595.58
2025-08-11	MOORE H LYNN JR	Sell	100	$597.82
2025-08-06	Cline Brenda A	Option exercise	2.5K	$167.14
2025-08-06	Cline Brenda A	Sell	2.5K	$616.65
2025-07-31	MOORE H LYNN JR	Option exercise	5.2K	$205.66
2025-07-31	MOORE H LYNN JR	Sell	915	$575.34
2025-07-31	MOORE H LYNN JR	Sell	392	$576.47
2025-07-31	MOORE H LYNN JR	Sell	226	$577.83
2025-07-31	MOORE H LYNN JR	Sell	269	$578.75
2025-07-31	MOORE H LYNN JR	Sell	197	$580.62
2025-07-31	MOORE H LYNN JR	Sell	1.3K	$581.87
2025-07-31	MOORE H LYNN JR	Sell	649	$582.84
2025-07-31	MOORE H LYNN JR	Sell	980	$584.19
2025-07-31	MOORE H LYNN JR	Sell	206	$585.44
2025-07-31	MOORE H LYNN JR	Sell	78	$586.24
2025-07-31	MOORE H LYNN JR	Sell	47	$589.39
2025-06-30	Puckett Jeffrey David	Grant	7	$503.91
2025-06-30	MILLER BRIAN K	Grant	9	$503.91
2025-06-13	MILLER BRIAN K	Sell	477	$580.20
2025-06-13	MILLER BRIAN K	Sell	723	$581.07
2025-06-12	MILLER BRIAN K	Sell	1.0K	$587.20
2025-06-10	MOORE H LYNN JR	Sell	500	$584.18
2025-06-10	MOORE H LYNN JR	Option exercise	5.2K	$205.66
2025-06-10	MOORE H LYNN JR	Sell	500	$580.79
2025-06-10	MOORE H LYNN JR	Sell	200	$582.00
2025-06-10	MOORE H LYNN JR	Sell	1.8K	$585.11
2025-06-10	MOORE H LYNN JR	Sell	1.5K	$586.15
2025-06-10	MOORE H LYNN JR	Sell	688	$587.64
2025-06-10	MOORE H LYNN JR	Sell	90	$588.21
2025-06-10	MILLER BRIAN K	Sell	1.1K	$585.88
2025-06-10	MILLER BRIAN K	Sell	60	$586.70
2025-06-09	MARR JOHN S JR	Sell	498	$573.41
2025-06-09	MARR JOHN S JR	Sell	2.8K	$572.54
2025-06-09	MARR JOHN S JR	Sell	700	$571.19
2025-06-09	MARR JOHN S JR	Option exercise	4.0K	$231.68
2025-06-06	MILLER BRIAN K	Sell	1.2K	$577.66
2025-06-06	MILLER BRIAN K	Gift	259	—
2025-06-05	Diaz-Pedrosa Abigail Marshall	Option exercise	266	$375.85
2025-06-05	Diaz-Pedrosa Abigail Marshall	Sell	375	$573.60
2025-05-30	MARR JOHN S JR	Sell	1.7K	$571.86
2025-05-30	MARR JOHN S JR	Option exercise	2.9K	$213.35
2025-05-30	MARR JOHN S JR	Sell	528	$574.42
2025-05-30	MARR JOHN S JR	Sell	612	$572.69
2025-05-23	MILLER BRIAN K	Sell	102	$566.84
2025-05-23	MILLER BRIAN K	Option exercise	3.3K	$345.87
2025-05-23	MILLER BRIAN K	Sell	1.4K	$567.67
2025-05-23	MILLER BRIAN K	Sell	1.3K	$568.92
2025-05-23	MILLER BRIAN K	Sell	500	$569.79
2025-05-22	MARR JOHN S JR	Sell	446	$570.58
2025-05-22	MARR JOHN S JR	Option exercise	4.0K	$231.35
2025-05-22	MARR JOHN S JR	Sell	57	$563.81
2025-05-22	MARR JOHN S JR	Sell	63	$565.07
2025-05-22	MARR JOHN S JR	Sell	543	$566.76
2025-05-22	MARR JOHN S JR	Sell	759	$567.59
2025-05-22	MARR JOHN S JR	Sell	926	$568.68
2025-05-22	MARR JOHN S JR	Sell	1.2K	$569.89
2025-05-22	MARR JOHN S JR	Option exercise	4.0K	$213.35
2025-05-16	MILLER BRIAN K	Sell	631	$577.60
2025-05-16	MILLER BRIAN K	Sell	56	$573.26
2025-05-16	MILLER BRIAN K	Sell	47	$574.26
2025-05-16	MILLER BRIAN K	Sell	235	$575.53
2025-05-16	MILLER BRIAN K	Sell	750	$576.41
2025-05-16	MILLER BRIAN K	Sell	69	$578.28
2025-05-16	MILLER BRIAN K	Sell	9	$579.29
2025-05-16	Cline Brenda A	Option exercise	2.5K	$167.14
2025-05-16	Cline Brenda A	Sell	2.5K	$577.41
2025-05-09	MARR JOHN S JR	Option exercise	5.0K	$231.68
2025-05-09	MARR JOHN S JR	Sell	140	$551.68
2025-05-09	MARR JOHN S JR	Sell	29	$553.12
2025-05-09	MARR JOHN S JR	Sell	70	$554.46
2025-05-09	MARR JOHN S JR	Sell	291	$555.32
2025-05-09	MARR JOHN S JR	Sell	190	$556.27
2025-05-09	MARR JOHN S JR	Sell	774	$557.82
2025-05-09	MARR JOHN S JR	Sell	211	$558.51
2025-05-09	MARR JOHN S JR	Sell	2.7K	$559.86
2025-05-09	MARR JOHN S JR	Sell	580	$560.89
2025-05-09	Cline Brenda A	Option exercise	518	—
2025-05-09	Teed Andrew D.	Option exercise	518	—
2025-05-09	Pope Daniel M	Option exercise	518	—
2025-05-09	Hawkins Ronnie D. Jr.	Option exercise	518	—
2025-05-09	Carter Margot Lebenberg	Option exercise	518	—
2025-05-09	Carter Glenn A	Option exercise	518	—
2025-05-07	MILLER BRIAN K	Sell	1.0K	$557.45
2025-05-02	Pope Daniel M	Sell	365	$550.00
2025-03-31	Puckett Jeffrey David	Grant	9	$494.18
2025-03-31	MILLER BRIAN K	Grant	35	$494.18
2025-03-06	MARR JOHN S JR	Option exercise	6.0K	$205.66
2025-03-06	MARR JOHN S JR	Sell	1.2K	$616.68
2025-03-06	MARR JOHN S JR	Sell	1.3K	$618.18
2025-03-06	MARR JOHN S JR	Sell	3.0K	$620.04
2025-03-06	MARR JOHN S JR	Sell	594	$620.04
2025-03-04	MILLER BRIAN K	Sell	1.5K	$613.58
2025-03-01	MOORE H LYNN JR	Option exercise	6.5K	—
2025-03-01	MILLER BRIAN K	Option exercise	3.8K	—
2025-03-01	MILLER BRIAN K	Tax withheld	1.4K	$608.43
2025-03-01	MILLER BRIAN K	Option exercise	1.0K	—
2025-03-01	MILLER BRIAN K	Tax withheld	262	$608.43
2025-03-01	MILLER BRIAN K	Option exercise	463	—
2025-03-01	MILLER BRIAN K	Tax withheld	182	$608.43
2025-03-01	MILLER BRIAN K	Option exercise	378	—
2025-03-01	MILLER BRIAN K	Tax withheld	149	$608.43
2025-03-01	Puckett Jeffrey David	Option exercise	2.5K	—
2025-03-01	Puckett Jeffrey David	Tax withheld	984	$608.43
2025-03-01	Puckett Jeffrey David	Option exercise	801	—
2025-03-01	Puckett Jeffrey David	Tax withheld	315	$608.43
2025-03-01	Puckett Jeffrey David	Option exercise	260	—
2025-03-01	Puckett Jeffrey David	Tax withheld	102	$608.43
2025-03-01	Puckett Jeffrey David	Option exercise	189	—
2025-03-01	Puckett Jeffrey David	Tax withheld	74	$608.43
2025-03-01	MOORE H LYNN JR	Tax withheld	2.6K	$608.43
2025-03-01	MOORE H LYNN JR	Option exercise	1.7K	—
2025-03-01	MOORE H LYNN JR	Tax withheld	655	$608.43
2025-03-01	MOORE H LYNN JR	Option exercise	1.0K	—
2025-03-01	MOORE H LYNN JR	Tax withheld	410	$608.43
2025-03-01	MOORE H LYNN JR	Option exercise	756	—
2025-03-01	MOORE H LYNN JR	Tax withheld	297	$608.43
2025-02-28	Puckett Jeffrey David	Sell	956	$602.15
2025-02-28	Puckett Jeffrey David	Sell	267	$603.10
2025-02-28	Puckett Jeffrey David	Sell	850	$604.15
2025-02-28	Puckett Jeffrey David	Sell	969	$606.32
2025-02-28	Puckett Jeffrey David	Sell	210	$607.42
2025-02-28	Puckett Jeffrey David	Sell	214	$608.19
2025-02-28	Puckett Jeffrey David	Option exercise	3.5K	$154.85
2025-02-27	Puckett Jeffrey David	Option exercise	5.0K	$154.85
2025-02-27	Puckett Jeffrey David	Sell	397	$611.60
2025-02-27	Puckett Jeffrey David	Sell	200	$613.83
2025-02-27	Puckett Jeffrey David	Sell	800	$614.50
2025-02-27	Puckett Jeffrey David	Sell	42	$615.60
2025-02-27	Puckett Jeffrey David	Sell	3.6K	$610.31
2025-02-26	MOORE H LYNN JR	Sell	813	$619.18
2025-02-26	MOORE H LYNN JR	Option exercise	7.0K	$205.66
2025-02-26	MOORE H LYNN JR	Option exercise	248	$402.00
2025-02-26	MOORE H LYNN JR	Sell	300	$613.89
2025-02-26	MOORE H LYNN JR	Sell	1.2K	$616.04
2025-02-26	MOORE H LYNN JR	Sell	1.9K	$617.12
2025-02-26	MOORE H LYNN JR	Sell	2.2K	$618.65
2025-02-26	MOORE H LYNN JR	Sell	100	$620.10
2025-02-25	MOORE H LYNN JR	Sell	300	$613.50
2025-02-25	MOORE H LYNN JR	Sell	392	$614.41
2025-02-25	MOORE H LYNN JR	Sell	500	$615.84
2025-02-25	MOORE H LYNN JR	Sell	410	$616.70
2025-02-25	MOORE H LYNN JR	Sell	882	$618.15
2025-02-25	MOORE H LYNN JR	Sell	748	$619.70
2025-02-25	MOORE H LYNN JR	Sell	149	$620.65
2025-02-25	MOORE H LYNN JR	Option exercise	4.0K	$205.66
2025-02-25	MOORE H LYNN JR	Sell	200	$609.25
2025-02-25	MOORE H LYNN JR	Sell	419	$610.93
2025-02-24	MOORE H LYNN JR	Option exercise	4.0K	$205.66
2025-02-24	MOORE H LYNN JR	Sell	400	$610.75
2025-02-24	MOORE H LYNN JR	Sell	619	$611.39
2025-02-24	MOORE H LYNN JR	Sell	1.6K	$612.62
2025-02-24	MOORE H LYNN JR	Sell	583	$614.01
2025-02-24	MOORE H LYNN JR	Sell	731	$614.91
2025-02-24	MOORE H LYNN JR	Sell	53	$616.03
2024-12-31	Puckett Jeffrey David	Grant	8	$490.14

All non-derivative Form 4 activity (SEC), newest first.

Notable events (8-K)

Date	Items
2026-06-12	Other	filing ↗
2026-05-29	Material agreement1.02Debt obligationExhibits	filing ↗
2026-05-14	Material agreementDebt obligation3.02OtherExhibits	filing ↗
2026-05-12	OtherExhibits	filing ↗
2026-05-11	OtherExhibits	filing ↗
2026-05-05	Shareholder voteExhibits	filing ↗
2026-04-29	Results	filing ↗
2026-04-20	Reg FDExhibits	filing ↗

Recent filings

Form	Filed	Period	Accession
8-K	2026-06-12	2026-06-12	0000860731-26-000044 ↗
8-K	2026-05-29	2026-05-29	0000860731-26-000042 ↗
8-K	2026-05-14	2026-05-14	0000860731-26-000040 ↗
8-K	2026-05-12	2026-05-12	0000860731-26-000038 ↗
8-K	2026-05-11	2026-05-11	0000860731-26-000036 ↗
8-K	2026-05-05	2026-05-05	0000860731-26-000034 ↗
8-K	2026-04-29	2026-04-29	0000860731-26-000031 ↗
10-Q	2026-04-29	2026-03-31	0000860731-26-000032 ↗
8-K	2026-04-20	2026-04-20	0000860731-26-000026 ↗
8-K	2026-03-13	2026-03-13	0000860731-26-000018 ↗
10-K	2026-02-18	2025-12-31	0000860731-26-000016 ↗
8-K	2026-02-11	2026-02-11	0000860731-26-000013 ↗