Across the recent three months, 15 analysts have shared their insights on Tyler Technologies TYL, expressing a variety of opinions spanning from bullish to bearish.
The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 6 | 6 | 3 | 0 | 0 |
| Last 30D | 1 | 0 | 0 | 0 | 0 |
| 1M Ago | 0 | 0 | 0 | 0 | 0 |
| 2M Ago | 5 | 6 | 2 | 0 | 0 |
| 3M Ago | 0 | 0 | 1 | 0 | 0 |
Insights from analysts' 12-month price targets are revealed, presenting an average target of $592.73, a high estimate of $630.00, and a low estimate of $515.00. This current average has increased by 8.76% from the previous average price target of $545.00.
Exploring Analyst Ratings: An In-Depth Overview
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 |
|---|---|---|---|---|---|
| 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: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Tyler Technologies. This information offers a snapshot of how analysts perceive 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.
To gain a panoramic view of Tyler Technologies's market performance, explore these analyst evaluations alongside essential financial indicators. Stay informed and make judicious decisions using our Ratings Table.
Stay up to date on Tyler Technologies analyst ratings.
Unveiling the Story Behind Tyler Technologies
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.
Financial Insights: Tyler Technologies
Market Capitalization: With restricted market capitalization, the company is positioned below industry averages. This reflects a smaller scale relative to peers.
Revenue Growth: Tyler Technologies's revenue growth over a period of 3 months has been noteworthy. As of 30 June, 2024, the company achieved a revenue growth rate of approximately 7.28%. This indicates a substantial increase in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Information Technology sector.
Net Margin: Tyler Technologies's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 12.52% net margin, the company effectively manages costs and achieves strong profitability.
Return on Equity (ROE): Tyler Technologies's ROE lags behind industry averages, suggesting challenges in maximizing returns on equity capital. With an ROE of 2.2%, the company may face hurdles in achieving optimal financial performance.
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.
How Are Analyst Ratings Determined?
Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in Benzinga Pro.
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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