Who Owns Tyler Technologies Company?

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Who Owns Tyler Technologies?

Understanding the ownership of Tyler Technologies, a key player in public sector technology, is vital for grasping its market influence and future direction. As of August 2025, the company boasts a market capitalization of approximately $24.78 billion.

Tyler Technologies, with revenues reaching $2.138 billion in 2024, has a history rooted in diversification before focusing on technology. Its journey began in 1966, evolving through acquisitions and rebranding to its current identity.

The ownership structure of Tyler Technologies is primarily composed of institutional investors, with Vanguard Group and BlackRock Inc. holding significant stakes. These large asset management firms collectively manage a substantial portion of the company's shares, reflecting broad market confidence. Individual investors also contribute to the ownership base, alongside insider holdings by company executives and board members.

Institutional ownership is a key indicator of stability and long-term strategy. For instance, Vanguard Group held approximately 10.5% of Tyler Technologies' outstanding shares as of early 2024. BlackRock Inc. followed with a stake of around 7.8% during the same period. These holdings are managed on behalf of numerous clients, including pension funds and mutual funds, underscoring the widespread investment in the company's public sector solutions, such as those detailed in a Tyler Technologies PESTEL Analysis.

Insider ownership, while smaller in percentage, is crucial for understanding management's commitment. As of early 2024, insiders collectively owned about 0.8% of the company's stock. This includes shares held by the CEO, CFO, and other key executives, aligning their interests with those of other shareholders.

Tyler Technologies' origins trace back to 1966 when Joseph F. McKinney founded the company as Saturn Industries, Inc. McKinney initiated the business by acquiring three government-focused entities from Ling-Temco-Vought. While precise details on the initial equity distribution among founders and early capital contributions are not extensively documented, McKinney's vision was central to the company's establishment and initial strategic direction.

Founding Visionary

Joseph F. McKinney founded the company in 1966, laying the groundwork for its future growth.

Early Acquisitions

The acquisition of Tyler Pipe in 1968 significantly influenced the company's direction and name.

Public Market Entry

Saturn Industries became a publicly traded company in 1969, opening avenues for broader investment.

Strategic Evolution

A pivotal shift occurred in 1998, marking the company's transition towards its current software focus.

Name Change Significance

The company's rebranding to Tyler Technologies in 1999 solidified its identity in the technology sector.

Early Investment Base

Initial public shareholders constituted the early financial backing for the company after its NYSE listing.

The company's trajectory involved a significant strategic redirection in 1998 towards public sector software solutions. This pivot ultimately led to the company adopting its current name, Tyler Technologies, in 1999. Understanding this evolution is key to grasping the current Tyler Technologies ownership structure and its historical development. The early ownership would have been comprised of the initial investors from its public offering, with subsequent changes influenced by market dynamics and strategic decisions, as detailed in the Competitors Landscape of Tyler Technologies.

Founders and Early Ownership

The company's foundation was laid by Joseph F. McKinney in 1966, initially as Saturn Industries, Inc. The early ownership structure was influenced by acquisitions and its subsequent public listing.

• Founded by Joseph F. McKinney in 1966 as Saturn Industries, Inc.
• Acquired Tyler Pipe in 1968, leading to a name change to Tyler Corporation in 1970.
• Completed its Initial Public Offering (IPO) on the New York Stock Exchange in 1969.
• Early ownership primarily consisted of public shareholders from the IPO.
• Underwent a strategic shift to public sector software in 1998, rebranding as Tyler Technologies in 1999.

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Tyler Technologies, Inc. transformed into a leading software provider for the public sector through a series of strategic acquisitions starting in 1998, officially adopting its current name in 1999. This period of aggressive expansion significantly reshaped its ownership structure.

The ownership evolution of Tyler Technologies has been heavily influenced by its strategic acquisitions and its transition to a publicly traded entity. As of August 2025, institutional investors are the dominant stakeholders, collectively holding between 93.30% and 94.96% of the company's shares. This significant institutional backing underscores the company's stability and its focus on long-term growth strategies, including a strong emphasis on cloud adoption, which contributed to recurring revenues making up 84.5% of total revenues in 2024. The company's journey reflects a deliberate strategy to consolidate its position in the public sector software market, a path that has attracted substantial investment from major asset management firms.

Key Stakeholders and Their Influence

Institutional investors are the primary owners of Tyler Technologies, significantly influencing its strategic direction. Their holdings reflect confidence in the company's business model and future prospects.

• Vanguard Group Inc. held approximately 5,570,120 shares as of June 30, 2025.
• BlackRock, Inc. owned around 4,279,515 shares as of June 30, 2025.
• T. Rowe Price Investment Management, Inc. increased its stake by 0.2% in Q1 2025, reaching about 1.58 million shares valued near $920 million.
• Insider ownership, though smaller, represents the direct stake held by the company's leadership.
• The company's Mission, Vision & Core Values of Tyler Technologies aligns with the long-term growth objectives favored by its major investors.

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The Board of Directors at Tyler Technologies, Inc. is instrumental in guiding the company's strategic path and ensuring robust corporate governance. Shareholders who held Tyler Technologies stock as of March 14 or 15, 2025, were eligible to vote at the company's 2025 Annual Meeting of Shareholders on May 6, 2025, a process facilitated by proxy materials.

The governance structure of Tyler Technologies is designed to balance experienced leadership with independent oversight, a common practice for publicly traded entities. The company operates on a one-share-one-vote principle, empowering shareholders to influence corporate decisions. The board's composition, as detailed in annual proxy statements, reflects a commitment to diverse expertise and a focus on aligning executive compensation with long-term shareholder value. Tyler Technologies has maintained a stable governance environment, with no significant proxy battles or activist campaigns impacting its decision-making processes in recent years, underscoring a consistent approach to its Marketing Strategy of Tyler Technologies.

Shareholder Voting Power

Shareholder voting power at Tyler Technologies is primarily determined by the number of shares owned, adhering to the one-share-one-vote standard. This ensures that larger Tyler Technologies shareholders have a proportionally greater say in company matters.

• Shareholders of record on specific dates are eligible to vote.
• Proxy materials are provided to facilitate shareholder participation.
• The board's composition aims for a balance of expertise and independence.
• Decisions are structured to drive long-term shareholder growth.

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In recent years, Tyler Technologies has maintained a strong institutional ownership base, indicating sustained investor confidence. As of April 2025, institutional investors held approximately 94.96% of the company's shares, with a slight increase in mutual fund holdings to 81.19% from 80.98% in the same period.

The company has seen some executive transitions, with Bret Dixon, President of the State & Federal Group, retiring in June 2025 after a 17-year tenure. Rusty Smith has broadened his responsibilities to include both the Justice Group and the State & Federal Group. Insider trading activity has been noted, with CFO Brian K. Miller selling shares in May and June 2025, and director Daniel M. Pope also selling shares in May 2025, often under Rule 10b5-1 trading plans.

Strategic Acquisitions Drive Growth

Tyler Technologies continues to expand its capabilities through strategic acquisitions. The acquisition of MyGov, a company specializing in permitting, licensing, and code enforcement software, was completed in January 2025, further strengthening its public sector offerings.

Shift to Cloud Solutions

A significant industry trend is the ongoing transition to cloud-based solutions. In 2024, 96% of new software contract value for Tyler Technologies originated from SaaS arrangements, highlighting the company's successful adaptation to this market shift.

Financial Outlook for 2025

The company has projected its annual revenue for 2025 to be between $2.30 billion and $2.34 billion. SaaS revenue is specifically anticipated to experience growth in the range of 21% to 24%.

Understanding Revenue Streams

The company's business model is largely driven by recurring revenue from its software solutions. To learn more about how the company generates revenue, you can review Revenue Streams & Business Model of Tyler Technologies.

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