Tyler Technologies CEO lowers stake to 1.8%, Barron's reports

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John Marr, president and CEO of Tyler Technologies (TYL), sold 120,000 shares of Tyler stock November 16 at an average price of $46.08 per share, though this sale is not seen as raising red flags with analysts, according to a report from Barron's. The report cites InsiderScore analyst Sean MacNeal, who said that Marr's previous sales haven't "shadowed any weakness" in the company, and although Tyler provided Q4 guidance that came in below consensus estimates, MacNeal says Marr's sale "is of little concern to us right now." Shares of Tyler traded higher during today's session, settling up $1.12, or 2.43%, to $47.14.

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