In the last three months, 16 analysts have published ratings on Tyler Technologies TYL, offering a diverse range of perspectives from bullish to bearish.
The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 6 | 7 | 3 | 0 | 0 |
| Last 30D | 0 | 1 | 0 | 0 | 0 |
| 1M Ago | 1 | 0 | 0 | 0 | 0 |
| 2M Ago | 0 | 0 | 0 | 0 | 0 |
| 3M Ago | 5 | 6 | 3 | 0 | 0 |
In the assessment of 12-month price targets, analysts unveil insights for Tyler Technologies, presenting an average target of $599.44, a high estimate of $700.00, and a low estimate of $515.00. Observing a 9.59% increase, the current average has risen from the previous average price target of $547.00.
Analyzing Analyst Ratings: A Detailed Breakdown
In examining recent analyst actions, we gain insights into how financial experts perceive Tyler Technologies. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Saket Kalia | Barclays | Raises | Overweight | $700.00 | $577.00 |
| Gabriela Borges | Goldman Sachs | Maintains | Buy | $627.00 | $627.00 |
| Matt VanVliet | BTIG | Raises | Buy | $630.00 | $550.00 |
| Trevor Walsh | JMP Securities | Maintains | Market Outperform | $580.00 | $580.00 |
| Saket Kalia | Barclays | Raises | Equal-Weight | $577.00 | $515.00 |
| Peter Heckmann | DA Davidson | Raises | Neutral | $525.00 | $456.00 |
| Gabriela Borges | Goldman Sachs | Raises | Buy | $627.00 | $515.00 |
| Michael Turrin | Wells Fargo | Raises | Overweight | $600.00 | $580.00 |
| Terry Tillman | Truist Securities | Raises | Buy | $600.00 | $560.00 |
| Joshua Reilly | Needham | Maintains | Buy | $600.00 | $600.00 |
| Ken Wong | Oppenheimer | Raises | Outperform | $625.00 | $550.00 |
| Clarke Jeffries | Piper Sandler | Raises | Overweight | $625.00 | $529.00 |
| Joshua Reilly | Needham | Maintains | Buy | $600.00 | $600.00 |
| Trevor Walsh | JMP Securities | Raises | Market Outperform | $580.00 | $490.00 |
| Michael Turrin | Wells Fargo | Raises | Overweight | $580.00 | $550.00 |
| Saket Kalia | Barclays | Raises | Equal-Weight | $515.00 | $473.00 |
Key Insights:
- Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Tyler Technologies. This offers insight into analysts' perspectives on the current state of the company.
- Rating: Unveiling insights, analysts deliver qualitative insights into stock performance, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Tyler Technologies compared to the broader market.
- Price Targets: Analysts explore the dynamics of price targets, providing estimates for the future value of Tyler Technologies's stock. This examination reveals shifts in analysts' expectations over time.
Understanding these analyst evaluations alongside key financial indicators can offer valuable insights into Tyler Technologies's market standing. Stay informed and make well-considered decisions with our Ratings Table.
Stay up to date on Tyler Technologies analyst ratings.
Delving into Tyler Technologies's Background
Tyler Technologies provides a full suite of software solutions and services that address the needs of cities, counties, schools, courts and other local government entities. The company's three core products are Munis, which is the core ERP system, Odyssey, which is the court management system, or CMS, and payments. The company also provides a variety of add-on modules and offers outsourced property tax assessment services.
A Deep Dive into Tyler Technologies's Financials
Market Capitalization Analysis: Positioned below industry benchmarks, the company's market capitalization faces constraints in size. This could be influenced by factors such as growth expectations or operational capacity.
Revenue Growth: Tyler Technologies displayed positive results in 3 months. As of 30 June, 2024, the company achieved a solid revenue growth rate of approximately 7.28%. This indicates a notable increase in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Information Technology sector.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 12.52%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): Tyler Technologies's ROE is below industry standards, pointing towards difficulties in efficiently utilizing equity capital. With an ROE of 2.2%, the company may encounter challenges in delivering satisfactory returns for shareholders.
Return on Assets (ROA): Tyler Technologies's ROA lags behind industry averages, suggesting challenges in maximizing returns from its assets. With an ROA of 1.44%, the company may face hurdles in achieving optimal financial performance.
Debt Management: Tyler Technologies's debt-to-equity ratio is below the industry average at 0.21, reflecting a lower dependency on debt financing and a more conservative financial approach.
The Core of Analyst Ratings: What Every Investor Should Know
Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.
Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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