We’d be surprised if Tyler Technologies, Inc. (NYSE:TYL) shareholders haven’t noticed that the Independent Director, Daniel Pope, recently sold US$368k worth of stock at US$335 per share. Equally important, that sale actually reduced their holding by a full 100% which hardly makes us feel bullish about the stock.
Tyler Technologies Insider Transactions Over The Last Year
Over the last year, we can see that the biggest insider sale was by the Executive Chairman of the Board, John Marr, for US$4.7m worth of shares, at about US$256 per share. That means that even when the share price was below the current price of US$330, an insider wanted to cash in some shares. We generally consider it a negative if insiders have been selling, especially if they did so below the current price, because it implies that they considered a lower price to be reasonable. While insider selling is not a positive sign, we can’t be sure if it does mean insiders think the shares are fully valued, so it’s only a weak sign. This single sale was just 6.5% of John Marr’s stake.
In the last year Tyler Technologies insiders didn’t buy any company stock. You can see a visual depiction of insider transactions (by individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction!
I will like Tyler Technologies better if I see some big insider buys. While we wait, check out this free list of growing companies with considerable, recent, insider buying.
Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. A high insider ownership often makes company leadership more mindful of shareholder interests. It’s great to see that Tyler Technologies insiders own 1.6% of the company, worth about US$208m. This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders.
What Might The Insider Transactions At Tyler Technologies Tell Us?
Insiders haven’t bought Tyler Technologies stock in the last three months, but there was some selling. And there weren’t any purchases to give us comfort, over the last year. While insiders do own a lot of shares in the company (which is good), our analysis of their transactions doesn’t make us feel confident about the company. Therefore, you should should definitely take a look at this FREE report showing analyst forecasts for Tyler Technologies.
Of course Tyler Technologies may not be the best stock to buy. So you may wish to see this free collection of high quality companies.
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.
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