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KeyBanc downgraded Tyler Tech (NYSE:TYL) from Overweight to Sector Weight in a report released today.

Yesterday Tyler Tech (NYSE:TYL) traded -2.95% lower at $179.58. The company’s 50-day moving average is $172.69 and its 200-day moving average is $169.37. The last closing price is up 2.90% from the 200-day moving average, compared to the S&P 500 which has increased 0.03% over the same time period. 61,854 shares of the stock traded hands, down from an average trading volume of 168,530

KeyBanc has downgraded Tyler Tech (NYSE:TYL) from Overweight to Sector Weight in a report released on Tuesday October 17, 2017.

Previously on 09/22/2017, Citigroup reported on Tyler Tech (NYSE:TYL) increased the target price from $0.00 to $200.00. At the time, this indicated a possible upside of 0.17%.

See Chart Below

Tyler Tech (NYSE:TYL)

Tyler Tech has a 52 week low of $139.61 and a 52 week high of $182.49 with a P/E ratio of 52.21 The company’s market cap is currently $0.

In addition to KeyBanc reporting its stock price target, a total of 10 brokers have issued a research note on the company. The average stock price target is $161.20 with 0 brokers rating the stock a strong buy, 0 brokers rating the stock a buy, 0 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.

General Information About Tyler Tech (NYSE:TYL)

Tyler Technologies, Inc. is a provider of information management solutions and services for the public sector, with a focus on local governments. The Company operates through two segments: Enterprise Software (ES) segment and The Appraisal and Tax (A&T) segment. ES segment provides municipal and county governments and schools with software systems and services for information technology and automation needs that includes back-office functions, such as financial management, courts and justice processes, public safety, planning regulatory and maintenance, and land and vital records management. A&T segment provides systems and software that automate the appraisal and assessment of real and personal property, as well as property appraisal outsourcing services for local governments and taxing authorities.

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