TYL vs. CDNS, WDAY, ADSK, FICO, MSTR, ANSS, FDS, SSNC, MANH, and AZPN
Should you be buying Tyler Technologies stock or one of its competitors? The main competitors of Tyler Technologies include Cadence Design Systems (CDNS), Workday (WDAY), Autodesk (ADSK), Fair Isaac (FICO), MicroStrategy (MSTR), ANSYS (ANSS), FactSet Research Systems (FDS), SS&C Technologies (SSNC), Manhattan Associates (MANH), and Aspen Technology (AZPN). These companies are all part of the "application software" industry.
Tyler Technologies (NYSE:TYL) and Cadence Design Systems (NASDAQ:CDNS) are both large-cap computer and technology companies, but which is the better investment? We will contrast the two businesses based on the strength of their valuation, profitability, risk, analyst recommendations, media sentiment, institutional ownership, community ranking, dividends and earnings.
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.
Cadence Design Systems has a net margin of 25.68% compared to Tyler Technologies' net margin of 9.50%. Cadence Design Systems' return on equity of 32.44% beat Tyler Technologies' return on equity.
93.3% of Tyler Technologies shares are owned by institutional investors. Comparatively, 84.8% of Cadence Design Systems shares are owned by institutional investors. 2.2% of Tyler Technologies shares are owned by insiders. Comparatively, 2.0% of Cadence Design Systems shares are owned by insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a stock will outperform the market over the long term.
Tyler Technologies currently has a consensus target price of $519.09, suggesting a potential upside of 8.06%. Cadence Design Systems has a consensus target price of $331.11, suggesting a potential upside of 15.65%. Given Cadence Design Systems' higher possible upside, analysts plainly believe Cadence Design Systems is more favorable than Tyler Technologies.
Tyler Technologies has a beta of 0.76, indicating that its share price is 24% less volatile than the S&P 500. Comparatively, Cadence Design Systems has a beta of 1.06, indicating that its share price is 6% more volatile than the S&P 500.
Tyler Technologies received 64 more outperform votes than Cadence Design Systems when rated by MarketBeat users. Likewise, 74.82% of users gave Tyler Technologies an outperform vote while only 71.21% of users gave Cadence Design Systems an outperform vote.
In the previous week, Cadence Design Systems had 7 more articles in the media than Tyler Technologies. MarketBeat recorded 15 mentions for Cadence Design Systems and 8 mentions for Tyler Technologies. Tyler Technologies' average media sentiment score of 1.10 beat Cadence Design Systems' score of 0.82 indicating that Tyler Technologies is being referred to more favorably in the media.
Summary
Tyler Technologies and Cadence Design Systems tied by winning 9 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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