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Tyler Technologies (TYL) Competitors

Tyler Technologies logo
$605.42 +11.82 (+1.99%)
(As of 12/20/2024 05:31 PM ET)

TYL vs. CDNS, MSTR, SNPS, WDAY, ADSK, FICO, ANSS, SSNC, FDS, and MANH

Should you be buying Tyler Technologies stock or one of its competitors? The main competitors of Tyler Technologies include Cadence Design Systems (CDNS), MicroStrategy (MSTR), Synopsys (SNPS), Workday (WDAY), Autodesk (ADSK), Fair Isaac (FICO), ANSYS (ANSS), SS&C Technologies (SSNC), FactSet Research Systems (FDS), and Manhattan Associates (MANH). These companies are all part of the "application software" industry.

Tyler Technologies vs.

Cadence Design Systems (NASDAQ:CDNS) and Tyler Technologies (NYSE:TYL) are both large-cap computer and technology companies, but which is the better stock? We will contrast the two companies based on the strength of their media sentiment, institutional ownership, analyst recommendations, risk, profitability, valuation, earnings, community ranking and dividends.

In the previous week, Cadence Design Systems and Cadence Design Systems both had 16 articles in the media. Tyler Technologies' average media sentiment score of 0.94 beat Cadence Design Systems' score of 0.80 indicating that Tyler Technologies is being referred to more favorably in the news media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Cadence Design Systems
10 Very Positive mention(s)
0 Positive mention(s)
3 Neutral mention(s)
1 Negative mention(s)
0 Very Negative mention(s)
Positive
Tyler Technologies
9 Very Positive mention(s)
1 Positive mention(s)
4 Neutral mention(s)
0 Negative mention(s)
1 Very Negative mention(s)
Positive

Cadence Design Systems has a beta of 1.03, suggesting that its stock price is 3% more volatile than the S&P 500. Comparatively, Tyler Technologies has a beta of 0.76, suggesting that its stock price is 24% less volatile than the S&P 500.

84.8% of Cadence Design Systems shares are held by institutional investors. Comparatively, 93.3% of Tyler Technologies shares are held by institutional investors. 2.0% of Cadence Design Systems shares are held by insiders. Comparatively, 2.2% of Tyler Technologies shares are held by insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a company will outperform the market over the long term.

Cadence Design Systems has higher revenue and earnings than Tyler Technologies. Cadence Design Systems is trading at a lower price-to-earnings ratio than Tyler Technologies, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Cadence Design Systems$4.35B18.99$1.04B$3.8179.13
Tyler Technologies$2.08B12.47$165.92M$5.48110.48

Cadence Design Systems currently has a consensus price target of $327.92, suggesting a potential upside of 8.77%. Tyler Technologies has a consensus price target of $642.62, suggesting a potential upside of 6.14%. Given Cadence Design Systems' higher probable upside, equities research analysts plainly believe Cadence Design Systems is more favorable than Tyler Technologies.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Cadence Design Systems
1 Sell rating(s)
1 Hold rating(s)
11 Buy rating(s)
0 Strong Buy rating(s)
2.77
Tyler Technologies
0 Sell rating(s)
2 Hold rating(s)
12 Buy rating(s)
0 Strong Buy rating(s)
2.86

Tyler Technologies received 73 more outperform votes than Cadence Design Systems when rated by MarketBeat users. Likewise, 74.74% of users gave Tyler Technologies an outperform vote while only 71.20% of users gave Cadence Design Systems an outperform vote.

CompanyUnderperformOutperform
Cadence Design SystemsOutperform Votes
581
71.20%
Underperform Votes
235
28.80%
Tyler TechnologiesOutperform Votes
654
74.74%
Underperform Votes
221
25.26%

Cadence Design Systems has a net margin of 23.87% compared to Tyler Technologies' net margin of 11.39%. Cadence Design Systems' return on equity of 28.49% beat Tyler Technologies' return on equity.

Company Net Margins Return on Equity Return on Assets
Cadence Design Systems23.87% 28.49% 16.20%
Tyler Technologies 11.39%9.79%6.34%

Summary

Tyler Technologies beats Cadence Design Systems on 9 of the 17 factors compared between the two stocks.

New MarketBeat Followers Over Time

This chart shows the number of new MarketBeat users adding {thisCompany.Symbol} and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
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Media Sentiment Over Time

This chart shows the average media sentiment of NYSE and its competitors over the past 90 days as caculated by MarketBeat. The averaged score is equivalent to the following: Very Negative Sentiment <= -1.5, Negative Sentiment > -1.5 and <= -0.5, Neutral Sentiment > -0.5 and < 0.5, Positive Sentiment >= 0.5 and < 1.5, and Very Positive Sentiment >= 1.5.
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TYL vs. The Competition

MetricTyler TechnologiesPrepackaged software IndustryComputer SectorNYSE Exchange
Market Cap$25.91B$25.38B$25.69B$19.18B
Dividend YieldN/A2.26%2.77%3.59%
P/E Ratio110.4897.61241.2441.28
Price / Sales12.4724.753,316.0417.59
Price / Cash61.5291.3335.6621.28
Price / Book8.6812.918.075.32
Net Income$165.92M$448.65M$678.74M$989.88M
7 Day Performance-1.02%0.42%0.45%-3.54%
1 Month Performance1.37%10.49%7.00%-3.68%
1 Year Performance46.77%26.33%23.04%12.14%

Tyler Technologies Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
TYL
Tyler Technologies
4.6422 of 5 stars
$605.42
+2.0%
$642.62
+6.1%
+48.0%$25.91B$2.08B110.487,300Insider Trade
High Trading Volume
CDNS
Cadence Design Systems
4.398 of 5 stars
$314.68
+2.6%
$327.92
+4.2%
+11.3%$86.31B$4.35B80.5111,200Insider Trade
MSTR
MicroStrategy
4.6991 of 5 stars
$424.65
+3.9%
$479.25
+12.9%
+535.1%$86.05B$467.24M-201.091,934Gap Down
SNPS
Synopsys
4.9382 of 5 stars
$518.45
+2.0%
$649.00
+25.2%
-10.8%$79.64B$6.13B35.0120,300
WDAY
Workday
4.6821 of 5 stars
$277.66
+1.5%
$290.64
+4.7%
+1.1%$73.86B$8.16B45.9818,800Analyst Forecast
Insider Trade
Analyst Revision
ADSK
Autodesk
4.3441 of 5 stars
$304.98
+0.4%
$323.05
+5.9%
+25.9%$65.57B$5.96B60.8514,100Analyst Forecast
Positive News
FICO
Fair Isaac
4.7664 of 5 stars
$2,172.13
+0.1%
$2,022.67
-6.9%
+80.7%$52.89B$1.72B106.063,586Analyst Forecast
Insider Trade
Positive News
ANSS
ANSYS
4.0271 of 5 stars
$341.56
+0.4%
$342.50
+0.3%
+14.0%$29.87B$2.47B52.516,200Positive News
SSNC
SS&C Technologies
4.4457 of 5 stars
$76.61
-0.1%
$77.75
+1.5%
+27.2%$18.98B$5.76B27.4526,000Positive News
FDS
FactSet Research Systems
4.1802 of 5 stars
$489.27
+0.1%
$451.85
-7.6%
+6.9%$18.59B$2.20B35.1612,398Earnings Report
Analyst Forecast
Analyst Revision
News Coverage
MANH
Manhattan Associates
4.3362 of 5 stars
$299.01
+0.3%
$292.89
-2.0%
+28.6%$18.26B$1.02B85.184,580Positive News

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This page (NYSE:TYL) was last updated on 12/21/2024 by MarketBeat.com Staff
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