The Latest Analyst Ratings For Tyler Technologies
Analysts' ratings for Tyler Technologies (NYSE:TYL) over the last quarter vary from bullish to bearish, as provided by 10 analysts.
The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 3 | 6 | 1 | 0 | 0 |
| Last 30D | 1 | 0 | 0 | 0 | 0 |
| 1M Ago | 0 | 1 | 0 | 0 | 0 |
| 2M Ago | 0 | 1 | 0 | 0 | 0 |
| 3M Ago | 2 | 4 | 1 | 0 | 0 |
Insights from analysts' 12-month price targets are revealed, presenting an average target of $497.0, a high estimate of $526.00, and a low estimate of $434.00. This upward trend is evident, with the current average reflecting a 4.11% increase from the previous average price target of $477.40.
Investigating Analyst Ratings: An Elaborate Study
The analysis of recent analyst actions sheds light on the perception of Tyler Technologies by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Joshua Reilly | Needham | Maintains | Buy | $500.00 | - |
| Clarke Jeffries | Piper Sandler | Maintains | Overweight | $520.00 | $520.00 |
| Trevor Walsh | JMP Securities | Maintains | Market Outperform | $490.00 | - |
| Peter Heckmann | DA Davidson | Raises | Neutral | $434.00 | $412.00 |
| Trevor Walsh | JMP Securities | Maintains | Market Outperform | $490.00 | - |
| Clarke Jeffries | Piper Sandler | Raises | Overweight | $520.00 | $480.00 |
| Joshua Reilly | Needham | Maintains | Buy | $500.00 | - |
| Alexei Gogolev | JP Morgan | Raises | Overweight | $526.00 | $500.00 |
| Joshua Reilly | Needham | Raises | Buy | $500.00 | $475.00 |
| Trevor Walsh | JMP Securities | Maintains | Market Outperform | $490.00 | - |
Key Insights:
- Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Tyler Technologies. This insight gives a snapshot of analysts' perspectives on the current state of the company.
- Rating: Offering a comprehensive view, analysts assess stocks qualitatively, spanning from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Tyler Technologies compared to the broader market.
- Price Targets: Understanding forecasts, analysts offer estimates for Tyler Technologies's future value. Examining the current and prior targets provides insight into analysts' changing expectations.
Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of Tyler Technologies's market position. Stay informed and make data-driven decisions with the assistance of 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.
Unraveling the Financial Story of Tyler Technologies
Market Capitalization Analysis: Falling below industry benchmarks, the company's market capitalization reflects a reduced size compared to peers. This positioning may be influenced by factors such as growth expectations or operational capacity.
Revenue Growth: Tyler Technologies's revenue growth over a period of 3 months has been noteworthy. As of 31 December, 2023, the company achieved a revenue growth rate of approximately 6.35%. This indicates a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Information Technology sector.
Net Margin: Tyler Technologies's net margin lags behind industry averages, suggesting challenges in maintaining strong profitability. With a net margin of 8.09%, the company may face hurdles in effective cost management.
Return on Equity (ROE): Tyler Technologies's ROE is below industry standards, pointing towards difficulties in efficiently utilizing equity capital. With an ROE of 1.34%, 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 0.84%, the company may face hurdles in achieving optimal financial performance.
Debt Management: With a below-average debt-to-equity ratio of 0.24, Tyler Technologies adopts a prudent financial strategy, indicating a balanced approach to debt management.
What Are Analyst Ratings?
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.
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
