Wednesday, September 06, 2017 10:15 PM ET
Insider Selling at Tyler Technologies (TYL) Continues with Significant Sale
There was a substantial sale of shares of Tyler Technologies by an insider today, as revealed in a form 4 document filed with the SEC. One insider — Larry D Leinweber, Director — sold 36,000 shares in the company having a market value of approximately $6,164,163. There have been 2 insiders with buy/sell transactions in the past 90 days prior to this filing. All of these trades have been sales resulting in the sale of 102,483 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 138,483 shares and have averaged 46,161 shares per transaction over this time period.
Over the last 90 days, the number of insider buy/sell trades at Tyler Technologies is greater than its 91-company peer group average. The Software peer group saw 163 buy/sell trades during this period for an average of 1.8 transactions per company. However, the number of shares traded per transaction by Tyler Technologies insiders is lower than its peers. Within the peer group there were 862,347 shares purchased and 10,119,015 shares sold with company insiders selling 56,789 shares on average over this time period.
The data sourced in creating and writing in this story eliminates all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers.
Using proprietary artificial intelligence methods, UpTick evaluates corporate insider filings reported to the SEC and creates real-time news and analysis to report the most significant insider transactions based on transaction type, size and historical trends.
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