Tyler Technologies, Inc. (TYL)’s CEO Sells 50,000 Shares


John Marr, President and Chief Executive Officer at Tyler Technologies, Inc. (NYSE:TYL), completed a disposition of 50,000 shares yesterday. The Common Stock was sold in a three day transaction that commenced on Tuesday by selling 30,000 shares for $90.69 per share and continued on Wednesday with the sale of 10,000 shares for $90.49 per share. The remaining 10,000 shares of Common Stock were unloaded yesterday for a price of $90.56 per share. In addition to this, the insider also exercised his use of stock options. Following Marr’s first stock disposition of the fiscal year he now owns a total of 475,186 company shares.

Furthermore, on Monday, Tyler Technologies’ Executive Vice President and General Counsel, Lynn Moore, unloaded 10,000 shares of Common Stock, directly, for $90.00 per share. The sale fell in line with the insider’s recent disposition trend recorded over the past quarter and she now holds a total of 64,295 company shares.

Also, last quarter showed hedge funds increase their stakes in the firm, such as Jim Simons’ Renaissance Technologies, which added another 6% of holdings to its portfolio and now owns 728,490 shares, worth $60.9 million.

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