Company News »

Tyler Technologies Added to S&P MidCap 400 Index

Business Wire
Share on StockTwits
Published on

Tyler Technologies, Inc. (NYSE:TYL) today announced that the company will be added to the Standard & Poor’s (S&P) MidCap 400(R) index, effective at the close of trading on Thursday, Dec. 4, 2014. Currently an S&P SmallCap 600(R) constituent, Tyler Technologies will be classified under the GICS (Global Industry Classification Standard) Application Software sub-industry index.

“Our inclusion in the S&P MidCap 400 is a significant milestone for Tyler Technologies, and we are honored to be selected to become a part of this important index,” said John S. Marr Jr., president and chief executive officer of Tyler Technologies. “This selection by S&P recognizes our strong growth and leading position in the public sector software market. Our proven ability to consistently execute at a high level drives Tyler’s strong value proposition, which has helped us develop so many lasting client relationships.”

The S&P MidCap 400 is a core component of the S&P U.S. index series. Criteria for the S&P MidCap 400 includes U.S.-based company status, unadjusted market capitalization in the range of $1.4 billion to $5.9 billion, adequate liquidity, public float of at least 50 percent of the stock, and financial viability.

About S&P Dow Jones Indices

S&P Dow Jones Indices LLC, a part of McGraw Hill Financial, is the world’s largest, global resource for index-based concepts, data and research. Home to iconic financial market indicators, such as the S&P 500(R) and the Dow Jones Industrial Average(R), S&P Dow Jones Indices LLC has over 115 years of experience constructing innovative and transparent solutions that fulfill the needs of investors. More assets are invested in products based upon our indices than any other provider in the world. With over 1,000,000 indices covering a wide range of asset classes across the globe, S&P Dow Jones Indices LLC defines the way investors measure and trade the markets. To learn more about our company, please visit www.spdji.com.

About Tyler Technologies, Inc.

Tyler Technologies (NYSE:TYL) is a leading provider of end-to-end information management solutions and services for local governments. Tyler partners with clients to empower the public sector – cities, counties, schools and other government entities – to become more efficient, more accessible and more responsive to the needs of citizens. Tyler’s client base includes more than 11,000 local government offices in all 50 states, Canada, the Caribbean, the United Kingdom and other international locations. Forbes has named Tyler one of “America’s Best Small Companies” eight times and the company has been included four times on the Barron’s 400 Index, a measure of the most promising companies in America. More information about Plano-based Tyler Technologies can be found at www.tylertech.com.

Share on StockTwits