Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Tyler Technologies, Inc shares valued at $4,144,030 were sold by MILLER BRIAN K on Dec 13 ’24. At $613.75 per share, MILLER BRIAN K sold 6,752 shares. The insider’s holdings dropped to 11,918 shares worth approximately $6.86 million following the completion of this transaction.
Also, MILLER BRIAN K purchased 6,752 shares, netting a total of over 4,144,031 in proceeds.
Before that, MARR JOHN S JR had added 3,500 shares to its account. In a trade valued at $2,187,570, the Spouse of Affiliate bought Tyler Technologies, Inc shares for $625.02 each.
As published in a research note from Wells Fargo on January 07, 2025, Tyler Technologies, Inc [TYL] has been rated down from an Overweight to an Equal weight and the price target has been revised to $615 from $670. Analysts at Barclays upgraded the stock from ‘”an Equal weight”‘ to ‘”an Overweight”‘ outlook in a report released in early October. As of May 21, 2024, Needham has reiterated its “Buy” rating for TYL. Earlier on April 26, 2024, Oppenheimer resumed its rating. Their recommendation was “an Outperform” for TYL stock.
Analyzing TYL Stock Performance
During the last five days, there has been a drop of approximately -0.25%. Over the course of the year, Tyler Technologies, Inc shares have dropped approximately -0.25%. Shares of the company reached a 52-week high of $585.25 on 01/03/25 and a 52-week low of $560.97 on 01/07/25. A 50-day SMA is recorded $606.72, while a 200-day SMA reached $541.48. Nevertheless, trading volume fell to 0.2 million shares from 0.35 million shares the previous day.
Support And Resistance Levels for Tyler Technologies, Inc (TYL)
According to the 24-hour chart, there is a support level at 567.65, which, if violated, would cause prices to drop to 560.08. In the upper region, resistance lies at 579.14. The next price resistance is at 583.06. RSI (Relative Strength Index) is 40.16 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -13.68, which suggests the price will decrease in the coming days. Percent R is at 70.43%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
