Head-To-Head Review: Tyler Technologies (TYL) versus Its Competitors

Tyler Technologies (NYSE: TYL) is one of 121 public companies in the “Software” industry, but how does it weigh in compared to its rivals? We will compare Tyler Technologies to similar businesses based on the strength of its risk, earnings, analyst recommendations, dividends, institutional ownership, valuation and profitability.

Insider & Institutional Ownership

90.5% of Tyler Technologies shares are held by institutional investors. Comparatively, 57.8% of shares of all “Software” companies are held by institutional investors. 10.3% of Tyler Technologies shares are held by company insiders. Comparatively, 19.3% of shares of all “Software” companies are held by company insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a stock is poised for long-term growth.

Volatility and Risk

Tyler Technologies has a beta of 0.99, meaning that its share price is 1% less volatile than the S&P 500. Comparatively, Tyler Technologies’ rivals have a beta of 1.01, meaning that their average share price is 1% more volatile than the S&P 500.

Profitability

This table compares Tyler Technologies and its rivals’ net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets
Tyler Technologies 16.34% 12.81% 9.03%
Tyler Technologies Competitors -44.27% -25.70% -9.51%

Analyst Ratings

This is a breakdown of recent recommendations for Tyler Technologies and its rivals, as provided by MarketBeat.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Tyler Technologies 0 1 6 0 2.86
Tyler Technologies Competitors 277 2080 4392 86 2.63

Tyler Technologies currently has a consensus price target of $192.29, suggesting a potential upside of 8.46%. As a group, “Software” companies have a potential upside of 1.52%. Given Tyler Technologies’ stronger consensus rating and higher possible upside, research analysts clearly believe Tyler Technologies is more favorable than its rivals.

Valuation & Earnings

This table compares Tyler Technologies and its rivals gross revenue, earnings per share (EPS) and valuation.

Gross Revenue EBITDA Price/Earnings Ratio
Tyler Technologies $796.44 million $175.52 million 51.99
Tyler Technologies Competitors $1.52 billion $446.84 million 12.26

Tyler Technologies’ rivals have higher revenue and earnings than Tyler Technologies. Tyler Technologies is trading at a higher price-to-earnings ratio than its rivals, indicating that it is currently more expensive than other companies in its industry.

Summary

Tyler Technologies beats its rivals on 8 of the 13 factors compared.

Tyler Technologies Company Profile

Tyler Technologies, Inc. is a provider of information management solutions and services for the public sector, with a focus on local governments. The Company operates through two segments: Enterprise Software (ES) segment and The Appraisal and Tax (A&T) segment. ES segment provides municipal and county governments and schools with software systems and services for information technology and automation needs that includes back-office functions, such as financial management, courts and justice processes, public safety, planning regulatory and maintenance, and land and vital records management. A&T segment provides systems and software that automate the appraisal and assessment of real and personal property, as well as property appraisal outsourcing services for local governments and taxing authorities.

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