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Tyler Technologies, Inc. (NYSE:TYL) has been downgraded to Hold in a report by Zacks Investment Research today.

Yesterday Tyler Technologies, Inc. (NYSE:TYL) traded -0.25% lower at $171.19. The company’s 50-day moving average is $167.67 and its 200-day moving average is $154.02. The last stock close price is up 10.87% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 2,668 shares of the stock were exchanged, down from an average trading volume of 231,061

Zacks Investment Research has downgraded Tyler Technologies, Inc. (NYSE:TYL) to Hold in a report released on 9/29/2016.

Previously on Friday July 29, 2016, Benchmark reported about Tyler Technologies, Inc. (NYSE:TYL) raised the target price from $160.00 to $190.00. At the time, this indicated a possible upside of 0.17%.

See Chart Below

Tyler Technologies, Inc. (NYSE:TYL)

Tyler Technologies, Inc. has a 52 week low of $118.16 and a 52 week high of $184.01 with a P/E ratio of 99.51 The company’s market cap is currently $0.

In addition to Zacks Investment Research reporting its target price, a total of 10 firms have reported on the stock. The consensus target price is $161.20 with 0 firms rating the stock a strong buy, 0 firms rating the stock a buy, 0 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.

About Tyler Technologies, Inc. (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 provides professional information technology (IT) services to its clients, including software and hardware installation, data conversion, training and product modifications. It operates through two segments: The Enterprise Software Solutions segment, which 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, planning regulatory and maintenance, and land and vital records management, and The Appraisal and Tax Software Solutions and Services segment, which 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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