Who Owns Tyler Technologies Company?

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Who Really Controls Tyler Technologies?

Ever wondered who steers the ship at Tyler Technologies? Understanding the ownership structure of a company is like having a backstage pass to its strategic decisions. From its humble beginnings to its current status as a public sector software giant, the story of Tyler Technologies SWOT Analysis is one of transformation and strategic evolution.

This deep dive into Tyler Technologies ownership will uncover the key players, from the initial founders to the current major shareholders. We'll explore how the ownership structure has shaped the company's trajectory, impacting everything from its financial performance to its strategic vision. Discover the answers to questions like: Who are the major shareholders of Tyler Technologies and how does this influence the company's future?

The story of Tyler Technologies begins in 1966, with Joseph F. McKinney, a venture capitalist, establishing Saturn Industries. This marked the initial step in what would become a significant player in the technology sector. The early years were characterized by acquisitions and strategic shifts that would ultimately shape the company's trajectory.

A pivotal moment occurred in 1968 with the acquisition of Tyler Pipe, a move that would profoundly impact the company's financial structure and future direction. This acquisition was so significant that it led to the renaming of Saturn Industries to Tyler Corporation in 1970, reflecting the importance of the pipe manufacturing business. The company's listing on the New York Stock Exchange in 1969 further solidified its presence in the market.

Under McKinney's leadership, Tyler Corporation evolved into a diversified conglomerate. The company expanded through various acquisitions, often funded by bank loans and bonds. By the mid-1980s, Tyler had grown into a diversified entity with several of its business units leading their respective industries. However, the company experienced a period of unraveling in the late 1980s and early 1990s.

Founding and Early Days

Founded in 1966 as Saturn Industries by Joseph F. McKinney.

Key Acquisition

The acquisition of Tyler Pipe in 1968 was crucial, becoming the primary revenue source.

Name Change

Renamed to Tyler Corporation in 1970, reflecting the importance of Tyler Pipe.

Conglomerate Era

Operated as a diversified conglomerate, acquiring numerous industrial businesses.

McKinney's Departure

Joseph McKinney resigned as CEO in 1997.

Strategic Shift

Louis Waters' advocacy led to the company's transformation into a software provider.

The late 1990s brought significant changes. Joseph McKinney's departure in 1997 marked the end of an era. A key turning point in the company's history was the shift towards becoming an information services provider, driven by Louis Waters, who held a 10% ownership stake. This strategic pivot, heavily influenced by Waters' early ownership, set the stage for the modern Tyler Technologies. For further insights into the company's evolution, consider reading Brief History of Tyler Technologies.

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The evolution of Tyler Technologies' ownership is marked by a pivotal shift in 1998 when it transitioned into a pure software company. This strategic move was followed by a name change in 1999, from Tyler Corporation to Tyler Technologies. Since then, the company has significantly expanded its portfolio through acquisitions, adding over 40 software companies to its holdings. This growth strategy has played a crucial role in shaping its current ownership structure and market position.

As a publicly traded entity on the New York Stock Exchange under the ticker symbol 'TYL,' Tyler Technologies ownership is primarily distributed among institutional investors, retail investors, and company insiders. The company's history of strategic acquisitions and consistent financial performance has made it a compelling investment, attracting significant institutional interest. For more insights, consider reading about the Growth Strategy of Tyler Technologies.

As of April 2025, Tyler Technologies' market capitalization reached $24.58 billion. The company's financial performance in 2024 further highlights its growth, with total revenues reaching $2.138 billion, a 9.5% increase, and recurring revenues growing by 11% to comprise 84.5% of total revenues. SaaS revenues alone rose by 22%, surpassing their 20% CAGR target through 2025. These strong financial results and the company's continued strategic acquisitions, such as MyGov in January 2025, underscore its growth trajectory and attract continued institutional investment. The institutional shareholding trend showed an increase of 1.8022% as of April 2025.

Key Takeaways on Tyler Technologies Ownership

Tyler Technologies' ownership structure is dominated by institutional investors, reflecting its strong market position and growth potential.

• The company's strategic acquisitions have significantly influenced its ownership evolution.
• Financial performance, including revenue and SaaS growth, attracts and retains institutional investors.
• The company's strong financial performance and strategic acquisitions are key drivers for its ownership structure.
• The company's market capitalization is substantial, reflecting investor confidence.

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The Board of Directors at Tyler Technologies plays a significant role in the company's governance. As of the 2025 Annual Meeting of Stockholders, scheduled for May 6, 2025, the nominees for director included John S. Marr Jr., H. Lynn Moore Jr., Glenn A. Carter, Margot L. Carter, Brenda A. Cline, Ronnie D. Hawkins Jr., Daniel M. Pope, and Andrew D. Teed. John S. Marr Jr. serves as the Executive Chairman, while H. Lynn Moore Jr. is the President and Chief Executive Officer, also serving as a director. Glenn A. Carter is the lead independent director and chairs the Nominating and Governance Committee. Andrew D. Teed, who became an independent director in 2025, serves on the Audit Committee.

The composition of the board reflects a blend of experience and fresh perspectives. The average tenure of the board members is 8.6 years, indicating a seasoned group. The company's focus on corporate governance is further highlighted by its Incentive Compensation Recovery Policy adopted in November 2023 and amendments to its bylaws in March 2024 to align with new universal proxy rules. This demonstrates a commitment to maintaining high standards of corporate governance, which is crucial for the company's marketing strategy and overall success.

The voting structure at Tyler Technologies is straightforward, based on one-share-one-vote. Shareholders of record as of March 14, 2025, were eligible to vote at the annual meeting. Directors are elected by a majority of the votes cast in uncontested elections. Proxy materials, including instructions on how to attend and vote at the virtual meeting, were available around March 27, 2025. This structure ensures that all shareholders have a proportional voice in the company's governance, impacting the interests of Tyler Technologies investors.

Understanding Tyler Technologies Ownership

The Board of Directors and the voting structure at Tyler Technologies are designed to ensure effective governance. The company's commitment to shareholder engagement is evident through its clear voting procedures and accessible proxy materials. This structure is vital for anyone looking into Tyler Technologies ownership or seeking Tyler Technologies shareholder information.

• The board includes experienced members, with an average tenure of 8.6 years.
• Shareholders vote on executive compensation annually.
• The company follows a one-share-one-vote system.
• Proxy materials were available around March 27, 2025.

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Over the past few years, the ownership profile of Tyler Technologies has shown consistent growth and strategic adjustments. In 2024, the company saw total revenues reach $2.138 billion, a 9.5% increase. Recurring revenues, a significant portion of this, grew by 11% and made up 84.5% of the total. The company's focus on Software as a Service (SaaS) is evident, with SaaS revenues increasing by 22%.

The company's financial health is also reflected in its operational efficiency. The non-GAAP operating margin improved by 150 basis points to 24.5% in 2024, and free cash flow grew substantially by 75.5%. Although no acquisitions were made in 2024, the January 2025 acquisition of MyGov expanded its reach. Leadership changes also occurred, with Bret Dixon's retirement and Rusty Smith taking on expanded responsibilities. Abby Diaz was elevated to Chief Administrative Officer, and Andrew Kahl became the first Chief Client Officer in 2024.

Ownership trends indicate increased institutional ownership of Tyler Technologies, with a 1.8022% increase as of April 2025. As of June 6, 2025, there were 1620 institutional owners and shareholders holding a total of 50,742,837 shares. Despite some executive share sales in May 2025, the company maintains a strong financial position, with substantial cash reserves of $705.7 million. The company is authorized to repurchase approximately 2.2 million additional shares of common stock as of December 31, 2024, although no shares were repurchased in 2024, except to satisfy minimum tax obligations for employee restricted stock awards. The company projects total revenue between $2.310 billion and $2.350 billion for the full year 2025, representing 9% organic growth. For more details on Tyler Technologies ownership, consider exploring the 0.

Ownership Structure

The ownership structure of Tyler Technologies is primarily comprised of institutional investors. These investors hold a significant portion of the company's shares.

Key Shareholders

Major institutional investors include a variety of firms that collectively hold a substantial percentage of Tyler Technologies stock. This indicates a high level of confidence.

Executive Compensation

Executive compensation is a key factor in understanding the Tyler Technologies executives. Data on their salaries, bonuses, and stock options is usually available in the annual reports.

Shareholder Information

Tyler Technologies investors can find detailed information about shareholders, including significant holdings, in the company's filings with the SEC.

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