New Buyback Strategy to Enhance Shareholder Value

In a move aimed at enhancing shareholder value and further reducing leverage, Tyler Technologies has announced an accelerated share repurchase (ASR) program. Under the terms of the 10b5-1 plan, the company will repurchase up to $200 million worth of its outstanding shares over an unspecified period. The ASR plan is designed to accelerate the return of capital to shareholders by reducing the outstanding shares and increasing the company’s earnings per share. By purchasing a significant portion of its outstanding shares, Tyler Technologies aims to demonstrate its commitment to generating strong cash flows and returning value to investors. The company’s board of directors has authorized the ASR program, which is expected to be completed within 24 months. The repurchase of shares under this plan is intended to enhance shareholder value and support the company’s long-term strategic objectives. Tyler Technologies’ management believes that the ASR plan will help to drive growth and improve profitability in the future. The company remains focused on delivering strong performance and creating long-term value for its shareholders. As part of its overall capital allocation strategy, Tyler Technologies will prioritize share repurchases over dividends, subject to certain conditions and financing options. The company’s shares are expected to be subject to a lock-up period following the completion of the ASR program, as per regulatory requirements. The announcement of the 10b5-1 plan has generated positive market reaction, with investors expressing optimism about Tyler Technologies’ prospects for future growth and profitability. With this new share repurchase strategy in place, the company is well-positioned to generate significant value for its shareholders in the months and years ahead.