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Tyler Technologies, Inc. (TYL) Becoming More Attractive for Investors

Tyler Technologies, Inc.’s recently made public that its Officer MARR JOHN S JR acquired Company’s shares for reported $2.87 million on Aug 09 ’24. In the deal valued at $574.34 per share,5,000 shares were bought.

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Then, MARR JOHN S JR sold 5,000 shares, generating $2,871,721 in total proceeds. Upon selling the shares at $574.34, the Executive Chair of the Board now owns 6,983 shares.

Before that, MARR JOHN S JR bought 5,000 shares. Tyler Technologies, Inc. shares valued at $2,883,265 were divested by the Officer at a price of $576.65 per share.

Needham reiterated its Tyler Technologies, Inc. [TYL] rating to a Buy in a research note published on May 21, 2024; the price target was $600. A number of analysts have revised their coverage, including Oppenheimer’s analysts, who remained covering the stock and in late April has reiterated a ‘”an Outperform”‘ rating for it. Oppenheimer started covering the stock on October 17, 2023. It rated TYL as “an Outperform”.

Price Performance Review of TYL

On Tuesday, Tyler Technologies, Inc. [NYSE:TYL] saw its stock fall -0.08% to $579.28. Over the last five days, the stock has gained 1.52%. Tyler Technologies, Inc. shares have risen nearly 38.54% since the year began. Nevertheless, the stocks have risen 49.47% over the past one year. While a 52-week high of $593.50 was reached on 07/26/24, a 52-week low of $361.16 was recorded on 04/17/24. SMA at 50 days reached $519.98, while 200 days put it at $451.25.

Levels Of Support And Resistance For TYL Stock

The 24-hour chart illustrates a support level at 576.60, which if violated will result in even more drops to 573.92. On the upside, there is a resistance level at 581.92. A further resistance level may holdings at 584.56. The Relative Strength Index (RSI) on the 14-day chart is 66.61, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.66, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 21.32%. Stochastics%K at 79.16% indicates the stock is a holding.

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

A steep rise in short interest was recorded in Tyler Technologies, Inc. stocks on , dropping by -0.22 million shares to a total of 0.77 million shares. Yahoo Finance data shows the prior-month short interest on 2024-06-28 was 0.99 million shares. There was a decline of -28.58%, which implies that there is a negative sentiment for the stock.

The most recent change occurred on June 21, 2023 when JP Morgan began covering the stock and recommended ‘”an Overweight”‘ rating along with a $472 price target.

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