Financial Analysis: Tyler Technologies (TYL) & Okta (OKTA)
Tyler Technologies (NYSE: TYL) and Okta (NASDAQ:OKTA) are both mid-cap computer and technology companies, but which is the superior investment? We will contrast the two companies based on the strength of their earnings, risk, profitability, valuation, dividends, institutional ownership and analyst recommendations.
This is a breakdown of current ratings and recommmendations for Tyler Technologies and Okta, as reported by MarketBeat.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
Tyler Technologies presently has a consensus price target of $191.50, indicating a potential upside of 12.93%. Okta has a consensus price target of $32.00, indicating a potential upside of 8.25%. Given Tyler Technologies’ stronger consensus rating and higher probable upside, equities research analysts plainly believe Tyler Technologies is more favorable than Okta.
Insider & Institutional Ownership
91.0% of Tyler Technologies shares are held by institutional investors. Comparatively, 15.1% of Okta shares are held by institutional investors. 10.3% of Tyler Technologies 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.
Earnings & Valuation
This table compares Tyler Technologies and Okta’s revenue, earnings per share and valuation.
|Gross Revenue||Price/Sales Ratio||EBITDA||Earnings Per Share||Price/Earnings Ratio|
|Tyler Technologies||$796.44 million||7.94||$175.52 million||$3.02||56.15|
|Okta||$205.10 million||13.49||-$92.26 million||N/A||N/A|
Tyler Technologies has higher revenue and earnings than Okta.
This table compares Tyler Technologies and Okta’s net margins, return on equity and return on assets.
|Net Margins||Return on Equity||Return on Assets|
Tyler Technologies beats Okta on 10 of the 11 factors compared between the two stocks.
About Tyler Technologies
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.
Okta, Inc. is a United States-based independent provider of identity for the enterprise. The Company’s Okta Identity Cloud connects and protects employees. It also connects enterprises to their partners, suppliers and customers. The Company offers products, such as Okta information technology (IT) Products and Okta for Developers. Its Okta IT Products include Single Sign-On, Mobility Management, Adaptive Multi-Factor Authentication, Lifecycle Management and Universal Directory. The Okta for Developers include Complete Authentication, User Management, Application Programming Interface (API) Access Management and Developer Tools. The Company offers solutions, such as access applications across multiple domains; cloud applications on mobile devices; connecting to distributor and supplier identities; employee single sign-on (SSO) to applications; employee system of record; secure customer identity management; secure infrastructure and services, and mobile device lifecycle automation.
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