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President and CEO of Tyler Tech Inc. (TYL) John S. Marr Jr. sold 50,000 shares

June 18, 2012 | About:
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Tyler Technologies Inc. is engaged in providing integrated information management solutions and services to the public sector. Tyler Tech Inc. has a market cap of $1.18 billion; its shares were traded at around $39.45 with a P/E ratio of 46.9 and P/S ratio of 3.8. Tyler Tech Inc. had an annual average earnings growth of 22.3% over the past 10 years.

On June 15, President and CEO of Tyler Tech Inc. (TYL) John S. Marr Jr. sold 50,000 shares at an average price of $39.12. The total transaction amount is $1,956,000.

John S. Marr Jr. has worked in the local government software industry since 1983. He joined Tyler through its 1999 acquisition of Munis and was elected to the company’s board of directors in May 2002. He was chief operating officer since July 2003 until he became the CEO and President in July 2004.

President and CEO John S. Marr Jr. has also sold 131,500 shares of TYL stock on May 3 at the average price of $39.87. Executive VP and CFO Brian K. Miller bought 302 and sold 9,000 shares of TYL stock. Other officers and directors of TYL also sold shares.

On April 25, Tyler Technologies reported their 2012 first quarter financial results. The company reported total revenues of $82.7 million and net income of $5.7 million, or $0.17 per diluted share.

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