TYL vs. SNPS, CDNS, WDAY, ADSK, FICO, MSTR, ANSS, SSNC, FDS, 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), Fair Isaac (FICO), MicroStrategy (MSTR), 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 (NYSE:TYL) and Synopsys (NASDAQ:SNPS) are both large-cap computer and technology companies, but which is the better business? We will contrast the two businesses based on the strength of their institutional ownership, valuation, analyst recommendations, profitability, media sentiment, community ranking, dividends, earnings and risk.
Synopsys has a net margin of 23.05% compared to Tyler Technologies' net margin of 10.24%. Synopsys' return on equity of 22.66% beat Tyler Technologies' return on equity.
Tyler Technologies has a beta of 0.76, suggesting that its share price is 24% less volatile than the S&P 500. Comparatively, Synopsys has a beta of 1.07, suggesting that its share price is 7% more volatile than the S&P 500.
93.3% of Tyler Technologies shares are held by institutional investors. Comparatively, 85.5% of Synopsys shares are held by institutional investors. 2.2% of Tyler Technologies shares are held by insiders. Comparatively, 0.7% of Synopsys shares are held by insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a company is poised for long-term growth.
In the previous week, Tyler Technologies had 35 more articles in the media than Synopsys. MarketBeat recorded 50 mentions for Tyler Technologies and 15 mentions for Synopsys. Tyler Technologies' average media sentiment score of 0.68 beat Synopsys' score of 0.63 indicating that Tyler Technologies is being referred to more favorably in the media.
Tyler Technologies currently has a consensus target price of $582.31, indicating a potential downside of 1.41%. Synopsys has a consensus target price of $627.18, indicating a potential upside of 14.79%. Given Synopsys' stronger consensus rating and higher possible upside, analysts plainly believe Synopsys is more favorable than Tyler Technologies.
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.
Synopsys received 177 more outperform votes than Tyler Technologies when rated by MarketBeat users. However, 74.83% of users gave Tyler Technologies an outperform vote while only 72.29% of users gave Synopsys an outperform vote.
Summary
Synopsys beats Tyler Technologies on 11 of the 18 factors compared between the two stocks.
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This chart shows the number of new MarketBeat users adding TYL and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
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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