TYLER TECH INC (TYL) Downgraded by Zacks to UNDERPERFORM

Zacks Zacks Investment Research downgraded shares of TYLER TECH INC (TYL) from NEUTRAL to UNDERPERFORM on March 14, 2013, with a target price of $56.40.

Tyler Technologies, Inc. is engaged in providing integrated information management solutions and services to the public sector. It provides software products and services professional IT services subscription-based services property appraisal outsourcing services. Its products generally automate three major functional areas (1) financial management and education, (2) courts and justice and (3) property appraisal and tax. Tyler operates in two reportable segments: Enterprise Software Solutions (ESS) and Appraisal and Tax Software Solutions and Services. The Enterprise Software Solutions (ESS) segment provides software systems to municipal and county governments and schools. The Appraisal and Tax Software Solutions and Services 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. Tyler Technologies, Inc. is headquartered in Dallas,

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