Potential Price Increase for Tyler Technologies Inc. (TYL) After Recent Insider Activity


Tyler Technologies Inc.’s filing revealed that its Director WOMBLE DUSTIN R unloaded Company’s shares for reported $0.84 million on Aug 30. In the deal valued at $396.87 per share,2,111 shares were sold. As a result of this transaction, WOMBLE DUSTIN R now holds 12,805 shares worth roughly $ 5.08 million.

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Then, Landrieu Mary L. sold 325 shares, generating $126,244 in total proceeds. Upon selling the shares at $388.44, the Director now owns 1,786 shares.

Before that, MARR JOHN S JR sold 7,000 shares. Tyler Technologies Inc. shares valued at $2,749,452 were divested by the Executive Chairman at a price of $392.78 per share. As a result of the transaction, MARR JOHN S JR now holds 39,138 shares, worth roughly $15.52 million.

JP Morgan initiated its Tyler Technologies Inc. [TYL] rating to an Overweight in a research note published on Friday, June 21, 2023; the price target was $472. PT values the company’s stock at a premium of 15.96 to its Friday closing price.

Price Performance Review of TYL

On Friday, Tyler Technologies Inc. [NYSE:TYL] saw its stock fall -0.44% to $396.66. On the same session, the stock had its day’s lowest price of $393.79, but rose to a high of $401.00. Over the last five days, the stock has gained 4.72%. Tyler Technologies Inc. shares have risen nearly 23.03% since the year began. Nevertheless, the stocks have risen 6.77% over the past one year. While a 52-week high of $426.83 was reached on 07/19/23, a 52-week low of $281.11 was recorded on 01/19/23. SMA at 50 days reached $396.61, while 200 days put it at $359.29. A total of 0.2 million shares were traded, compared to the trading of 0.17 million shares in the previous session.

Levels Of Support And Resistance For TYL Stock

The 24-hour chart illustrates a support level at 393.30, which if violated will result in even more drops to 389.94. On the upside, there is a resistance level at 400.51. A further resistance level may holdings at 404.36. The Relative Strength Index (RSI) on the 14-day chart is 57.99, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 15.05, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 16.67%. Stochastics %K at 89.67% indicates the stock is a selling.

How much short interest is there in Tyler Technologies Inc.?

A steep rise in short interest was recorded in Tyler Technologies Inc. stocks on Aug 14, 2023, dropping by -0.23 million shares to a total of 0.73 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 0.96 million shares. There was a decline of -31.36%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 1.99% of the overall stock float, the days-to-cover ratio (short ratio) fell to 3.3.

Tyler Technologies Inc. [TYL] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 4,709,621 shares, or roughly 11.19% of the outstanding TYL shares. In other words, the investor’s shares have risen by 86,637 from its previous 13-F filing of 4622984.0. Additionally, BlackRock Fund Advisors increased 3.34% of its stake after which the total value it holdings stand at $904,982,342, while SSgA Funds Management, Inc. added 2.92% of its stake to hold $642.81 million in the firm. Over the last quarter, AllianceBernstein LP sold -128,855 shares of Tyler Technologies Inc., while APG Asset Management NV sold -907 shares. At present, Principal Global Investors LLC is holding 1,263,941 shares valued at $501.32 million. Geode Capital Management LLC owned 942,681 shares of the company at the time of its most recent 13F filing, worth $373.9 million.

According to FactSet, Tyler Technologies Inc.’s share price will average $447.44 in the next year, based on opinions of analysts polled by the firm. This is up nearly 11.69 percent from its previous closing price of $398.43. Analysts expect Tyler Technologies Inc. stock to reach the higher price of $500.00, while the lowest price estimate is $395.00. However, 18 analysts have rated TYL stock as an Overweight in their predictions for 2023.


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