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Tyler Technologies (TYL) Competitors

Tyler Technologies logo
$599.39 -1.80 (-0.30%)
(As of 11/19/2024 ET)

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

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

Tyler Technologies vs.

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

Synopsys has a net margin of 24.06% compared to Tyler Technologies' net margin of 11.39%. Synopsys' return on equity of 22.09% beat Tyler Technologies' return on equity.

Company Net Margins Return on Equity Return on Assets
Synopsys24.06% 22.09% 14.05%
Tyler Technologies 11.39%9.79%6.34%

Synopsys has a beta of 1.08, meaning that its stock price is 8% more volatile than the S&P 500. Comparatively, Tyler Technologies has a beta of 0.77, meaning that its stock price is 23% less volatile than the S&P 500.

Synopsys currently has a consensus target price of $649.82, suggesting a potential upside of 21.68%. Tyler Technologies has a consensus target price of $642.62, suggesting a potential upside of 7.21%. Given Synopsys' stronger consensus rating and higher possible upside, equities analysts plainly believe Synopsys is more favorable than Tyler Technologies.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Synopsys
0 Sell rating(s)
0 Hold rating(s)
11 Buy rating(s)
0 Strong Buy rating(s)
3.00
Tyler Technologies
0 Sell rating(s)
2 Hold rating(s)
12 Buy rating(s)
0 Strong Buy rating(s)
2.86

Synopsys received 177 more outperform votes than Tyler Technologies when rated by MarketBeat users. However, 74.89% of users gave Tyler Technologies an outperform vote while only 72.55% of users gave Synopsys an outperform vote.

CompanyUnderperformOutperform
SynopsysOutperform Votes
830
72.55%
Underperform Votes
314
27.45%
Tyler TechnologiesOutperform Votes
653
74.89%
Underperform Votes
219
25.11%

85.5% of Synopsys shares are held by institutional investors. Comparatively, 93.3% of Tyler Technologies shares are held by institutional investors. 0.7% of Synopsys shares are held by insiders. Comparatively, 1.5% of Tyler Technologies shares are held by insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a stock will outperform the market over the long term.

Synopsys has higher revenue and earnings than Tyler Technologies. Synopsys 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
Synopsys$5.84B14.04$1.23B$9.6455.40
Tyler Technologies$2.08B12.35$165.92M$5.48109.38

In the previous week, Synopsys had 7 more articles in the media than Tyler Technologies. MarketBeat recorded 25 mentions for Synopsys and 18 mentions for Tyler Technologies. Synopsys' average media sentiment score of 1.28 beat Tyler Technologies' score of 1.17 indicating that Synopsys is being referred to more favorably in the media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Synopsys
21 Very Positive mention(s)
0 Positive mention(s)
4 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive
Tyler Technologies
11 Very Positive mention(s)
1 Positive mention(s)
6 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive

Summary

Synopsys beats Tyler Technologies on 13 of the 18 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$25.73B$24.98B$23.78B$19.86B
Dividend YieldN/A2.32%2.79%3.54%
P/E Ratio109.3891.34267.0842.32
Price / Sales12.357.973,359.8318.58
Price / Cash60.0588.0132.6117.94
Price / Book8.5910.957.345.65
Net Income$165.92M$443.05M$661.70M$983.42M
7 Day Performance-2.78%-2.31%-1.35%-0.26%
1 Month Performance1.86%2.57%-0.24%0.04%
1 Year Performance45.49%19.87%16.51%23.52%

Tyler Technologies Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
TYL
Tyler Technologies
4.692 of 5 stars
$599.39
-0.3%
$642.62
+7.2%
+45.7%$25.73B$2.08B109.387,300Positive News
SNPS
Synopsys
4.8918 of 5 stars
$557.96
+0.8%
N/A-0.1%$85.71B$5.84B57.8820,300Positive News
CDNS
Cadence Design Systems
4.6067 of 5 stars
$306.47
+2.9%
N/A+11.7%$84.05B$4.09B80.4411,200Positive News
WDAY
Workday
4.8865 of 5 stars
$276.51
+2.3%
N/A+12.2%$73.28B$7.26B48.1718,800Upcoming Earnings
Analyst Forecast
Positive News
ADSK
Autodesk
4.4005 of 5 stars
$313.14
+1.1%
N/A+40.4%$67.33B$5.50B64.0414,100Upcoming Earnings
Analyst Forecast
Positive News
MSTR
MicroStrategy
4.0855 of 5 stars
$328.38
-7.9%
N/A+785.5%$66.54B$496.26M-155.851,934Analyst Forecast
High Trading Volume
FICO
Fair Isaac
4.5935 of 5 stars
$2,348.45
+0.0%
N/A+119.2%$57.18B$1.72B114.843,586Positive News
ANSS
ANSYS
3.8332 of 5 stars
$344.10
-0.1%
N/A+13.4%$30.09B$2.27B53.106,200Short Interest ↑
News Coverage
Positive News
FDS
FactSet Research Systems
4.4721 of 5 stars
$490.66
+1.3%
N/A+5.3%$18.64B$2.20B35.3012,398
SSNC
SS&C Technologies
4.5548 of 5 stars
$74.85
+0.7%
N/A+32.5%$18.54B$5.50B26.8326,000Positive News
MANH
Manhattan Associates
3.8908 of 5 stars
$287.39
+1.1%
N/A+22.0%$17.55B$928.72M81.654,580Positive News

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This page (NYSE:TYL) was last updated on 11/20/2024 by MarketBeat.com Staff
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