ANSYS (NASDAQ:ANSS) Earning Somewhat Favorable Press Coverage, Analysis Finds

News stories about ANSYS (NASDAQ:ANSS) have trended somewhat positive on Wednesday, Accern Sentiment Analysis reports. The research firm identifies positive and negative media coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. ANSYS earned a media sentiment score of 0.23 on Accern’s scale. Accern also assigned headlines about the software maker an impact score of 45.867738642277 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

These are some of the headlines that may have impacted Accern Sentiment Analysis’s scoring:

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ANSYS (NASDAQ:ANSS) opened at $167.75 on Wednesday. The company has a market capitalization of $14,253.10, a price-to-earnings ratio of 56.10 and a beta of 1.04. ANSYS has a 12-month low of $104.55 and a 12-month high of $171.92.

ANSYS (NASDAQ:ANSS) last issued its earnings results on Wednesday, February 21st. The software maker reported $1.07 EPS for the quarter, topping the consensus estimate of $1.03 by $0.04. The firm had revenue of $302.34 million during the quarter, compared to analysts’ expectations of $290.66 million. ANSYS had a return on equity of 13.77% and a net margin of 23.67%. ANSYS’s quarterly revenue was up 11.7% compared to the same quarter last year. During the same period last year, the business earned $0.98 earnings per share. equities analysts predict that ANSYS will post 4.41 EPS for the current fiscal year.

ANSYS declared that its Board of Directors has initiated a share buyback plan on Wednesday, February 21st that authorizes the company to buyback 5,000,000 shares. This buyback authorization authorizes the software maker to repurchase shares of its stock through open market purchases. Shares buyback plans are typically an indication that the company’s board believes its shares are undervalued.

Several equities research analysts have recently issued reports on the stock. BidaskClub upgraded shares of ANSYS from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Berenberg Bank upgraded shares of ANSYS from a “hold” rating to a “buy” rating and set a $123.00 price objective on the stock in a research note on Tuesday, January 30th. Zacks Investment Research upgraded shares of ANSYS from a “hold” rating to a “buy” rating and set a $181.00 price objective on the stock in a research note on Wednesday, February 28th. Wedbush restated a “neutral” rating and issued a $136.00 price objective (down previously from $160.00) on shares of ANSYS in a research note on Friday, February 23rd. Finally, ValuEngine raised ANSYS from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $132.00.

In other ANSYS news, CFO Maria T. Shields sold 25,000 shares of ANSYS stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $162.52, for a total transaction of $4,063,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Richard S. Mahoney sold 1,625 shares of ANSYS stock in a transaction on Wednesday, March 7th. The shares were sold at an average price of $161.90, for a total value of $263,087.50. The disclosure for this sale can be found here. Over the last three months, insiders have sold 61,691 shares of company stock valued at $8,852,518. Company insiders own 1.30% of the company’s stock.

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About ANSYS

ANSYS, Inc (ANSYS) develops and markets engineering simulation software and services used by engineers, designers, researchers and students across a range of industries and academia, including aerospace and defense, automotive, industrial equipment, electronics, biomedical, energy, materials and chemical processing, and semiconductors.

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