Tyler Technologies Bundle
Who Owns Tyler Technologies?
Understanding a company's ownership is key to its strategic direction and accountability. Tyler Technologies' pivot to government software in 1998 marked a significant transformation, emphasizing the importance of knowing who influences its path.
Tyler Technologies, founded in 1966, has evolved from a diversified industrial company to a specialized government software provider. Its current market capitalization stands at approximately $25.20 billion as of August 2025, with 2024 revenues of $2.138 billion.
Tyler Technologies' ownership is predominantly public. Institutional investors hold a significant portion of its shares, reflecting broad market confidence in its specialized government technology solutions. The company's journey from its founding to its current status as a major public sector software provider highlights the impact of ownership dynamics.
The company offers a suite of solutions, including those analyzed in the Tyler Technologies BCG Matrix, which are vital for public sector operations.
Who Founded Tyler Technologies?
Tyler Technologies' origins trace back to 1966 when Joseph F. McKinney founded the company as Saturn Industries. Initially, McKinney pursued a strategy of acquiring various industrial businesses. The acquisition of Tyler Pipe in 1968 proved pivotal, becoming a significant revenue generator and leading to the company's rebranding as Tyler Corporation in 1970.
Founding and Early Structure
Joseph F. McKinney established Saturn Industries in 1966, later becoming Tyler Corporation. Specifics on early equity distribution and initial investors are not widely publicized.
Acquisition Strategy
McKinney employed a conglomerate model, acquiring diverse industrial operations. The purchase of Tyler Pipe in 1968 was a key acquisition, significantly impacting the company's direction.
Public Listing
Saturn Industries, the precursor to Tyler Technologies, was listed on the New York Stock Exchange in 1969. This marked an early step towards public ownership.
Peak Revenues and Shareholder Returns
By 1987, the company achieved peak revenues of $1 billion. In the mid-1990s, McKinney initiated divestitures, returning over $400 million to shareholders.
Strategic Pivot to Software
A significant strategic shift occurred in 1998 with the company's entry into the government software market. This move laid the groundwork for its future technological focus.
Rebranding to Tyler Technologies
The company officially changed its name to Tyler Technologies in 1999, reflecting its new identity as a technology provider for the public sector.
The early ownership structure of Tyler Technologies, then Tyler Corporation, was largely shaped by its founder, Joseph F. McKinney, and its M&A-driven growth strategy. While precise details on initial equity splits or early angel investments are not extensively documented, McKinney utilized the publicly traded entity as a platform for expansion. The company's transition into the government software sector in 1998, and subsequent rebranding to Tyler Technologies in 1999, marked a significant departure from its industrial conglomerate past, setting the stage for its current focus and investor base, which includes a substantial number of institutional investors.
Tyler Technologies Ownership Overview
Tyler Technologies is a publicly traded company, meaning its ownership is distributed among its shareholders. As of recent filings, institutional investors hold a significant portion of Tyler Technologies stock, reflecting confidence in its market position and growth prospects. Understanding the Target Market of Tyler Technologies is key to appreciating its investor appeal.
- Tyler Technologies is listed on the New York Stock Exchange.
- Institutional investors are major holders of Tyler Technologies stock.
- The company's strategic shift towards government software has influenced its ownership profile.
- Individual investors also participate in Tyler Technologies ownership.
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How Has Tyler Technologies’s Ownership Changed Over Time?
Tyler Technologies, Inc. (NYSE: TYL) transitioned to a publicly traded entity in 1969, initially as Saturn Industries. A pivotal shift occurred in 1998, marking a strategic pivot towards acquiring government software entities, which fundamentally reshaped its business model and ownership landscape.
| Institutional Owner | Shares Held (as of March 31, 2025) | Percentage of Shares Outstanding (approx.) |
|---|---|---|
| Vanguard Group Inc. | 5,459,163 | ~3.34% |
| BlackRock, Inc. | 4,183,694 | ~2.56% |
| State Street Corp | 1,831,993 | ~1.12% |
The ownership of Tyler Technologies is largely concentrated among institutional investors, reflecting its status as a major public company. As of March 31, 2025, a significant number of institutional owners, totaling 1632, had filed with the SEC, collectively holding approximately 49,722,181 shares. Beyond the top three holders, other key institutional investors include T. Rowe Price Investment Management, Inc., Principal Financial Group Inc, Morgan Stanley, Geode Capital Management, Llc, and Invesco Ltd. This widespread institutional backing is a common characteristic for companies of Tyler Technologies' scale. The company's market capitalization stood at around $25.20 billion as of August 2025, underscoring its substantial presence in the market. Further insights into Tyler Technologies ownership breakdown can be found in their 2024 annual report and 2025 proxy statement.
Key Ownership Trends and Strategic Influence
Tyler Technologies' strategic shift towards a cloud-first approach, notably its partnership with Amazon Web Services initiated in October 2019, has significantly influenced its growth trajectory and investor confidence. This strategic direction, with SaaS arrangements accounting for 96% of new software contract value in 2024, is projected to enhance financial performance.
- The company's market capitalization reached approximately $25.20 billion by August 2025.
- Institutional investors hold a substantial portion of Tyler Technologies stock.
- Key institutional shareholders include Vanguard Group Inc. and BlackRock, Inc.
- The cloud-first strategy is expected to drive future growth and profitability.
- The company aims for $1 billion in annual free cash flows by 2030.
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Who Sits on Tyler Technologies’s Board?
The Board of Directors at Tyler Technologies is integral to the company's strategic direction and corporate governance. As of the 2025 Annual Meeting, the board comprises a blend of executive leadership and independent directors, ensuring a balance of internal knowledge and external oversight. John S. Marr Jr. holds the position of Executive Chairman of the Board, a role he has fulfilled since May 2018, having been a director since May 2002.
| Director Name | Role | Tenure Start |
|---|---|---|
| John S. Marr Jr. | Executive Chairman of the Board | May 2002 |
| H. Lynn Moore Jr. | President and CEO | N/A |
| Glenn A. Carter | Independent Director, Lead Independent Director, Chair of Nominating and Governance Committee | 2014 |
| Daniel M. Pope | Independent Director, Chair of Compensation Committee | 2016 |
| Andrew D. Teed | Independent Director, Audit Committee Member | 2024 (Director), 2025 (Independent Director) |
The company's governance structure is designed to uphold shareholder interests, with a one-share-one-vote principle governing voting power, typical for publicly traded entities on the NYSE. Tyler Technologies' 2025 Proxy Statement provides detailed information on beneficial ownership of common stock as of March 15, 2024, including holdings by major shareholders, directors, nominees, and named executive officers. The company's guidelines permit the Board Chair and CEO roles to be held by the same individual, a transition planned for H. Lynn Moore Jr. at the 2026 Annual Meeting, following unanimous agreement from independent directors.
Understanding Tyler Technologies' Shareholder Structure
Tyler Technologies operates under a standard corporate governance model. Key aspects of its ownership and voting power are detailed in its annual financial reports and proxy statements.
- Voting power is based on a one-share-one-vote system.
- Major shareholders are identified in the company's proxy statements.
- The board composition includes both executive and independent directors.
- The company's structure does not indicate dual-class shares or special voting rights.
- Understanding Competitors Landscape of Tyler Technologies can provide context for its market position.
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What Recent Changes Have Shaped Tyler Technologies’s Ownership Landscape?
Over the last three to five years, Tyler Technologies has seen consistent financial growth and strategic shifts impacting its ownership landscape. The company achieved total revenues of $2.138 billion in 2024, marking a 9.5% increase, with recurring revenues up 11% and constituting 84.5% of the total. This period highlights a significant move towards cloud-based solutions, with SaaS revenues climbing 22% in 2024.
| Key Financial Metric | 2024 Value | Growth Rate (YoY) |
|---|---|---|
| Total Revenues | $2.138 billion | 9.5% |
| Recurring Revenues | N/A (84.5% of Total) | 11% |
| SaaS Revenues | N/A | 22% |
Tyler Technologies has actively pursued a growth strategy through mergers and acquisitions, completing approximately 30 acquisitions with an average deal size of $241 million as of April 2025. Recent additions include MyGov in January 2025, enhancing its cloud-based permitting and licensing software offerings, and ARInspect and ResourceX in 2023. These strategic moves are geared towards expanding its product portfolio and integrating AI-powered solutions, aligning with its broader business objectives and Mission, Vision & Core Values of Tyler Technologies.
Strategic Acquisitions
The company has completed around 30 acquisitions since 2020, averaging $241 million per deal. Recent acquisitions like MyGov in January 2025 bolster its cloud software capabilities.
Cloud Transition Focus
Tyler Technologies is actively transitioning customers to its cloud platform, aiming for 75%-85% of on-premise clients to move to the cloud by 2030.
Leadership Succession Planning
Executive Chair John S. Marr Jr. is slated to step down after the 2026 annual meeting. CEO H. Lynn Moore Jr. is nominated to become the next Board Chair.
Institutional Ownership Trends
As of March 31, 2025, institutional investors hold a substantial majority of Tyler Technologies' outstanding shares, indicating a stable, institutionally-backed ownership structure.
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