What Did This CEO Just Do with Personal Shares of Tyler Technologies (NYSE: TYL)?

By Carrie Williams

Today, the CEO & COB of Tyler Technologies (NYSE: TYL), John Marr, sold shares of TYL for $3.14M.

Following John Marr’s last TYL Sell transaction on November 22, 2017, the stock climbed by 7.1%. In addition to John Marr, 7 other TYL executives reported Sell trades in the last month.

Based on Tyler Technologies’ latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $214 million and quarterly net profit of $38.26 million. In comparison, last year the company earned revenue of $194 million and had a net profit of $22.26 million. The company has a one-year high of $188.22 and a one-year low of $139.61. TYL’s market cap is $6.9B and the company has a P/E ratio of 53.87.

Based on 7 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $194.33, reflecting a -5.9% downside.

In the last 30 days, insiders have sold $31.4M worth of TYL shares and purchased $1.41M worth of TYL shares. The insider sentiment on Tyler Technologies has been negative according to 114 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

John Marr’s trades have generated a -14.2% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.

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Tyler Technologies, Inc. provides integrated technology and management services for the public sector with a focus on local governments. It develops and markets a broad line of software products and services to address the information technology (IT) needs of cities, counties, schools, and other local government entities.