Somewhat Favorable Media Coverage Somewhat Unlikely to Impact ANSYS (ANSS) Stock Price

News headlines about ANSYS (NASDAQ:ANSS) have been trending somewhat positive on Wednesday, Accern Sentiment Analysis reports. The research firm ranks the sentiment of news coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. ANSYS earned a media sentiment score of 0.23 on Accern’s scale. Accern also gave media headlines about the software maker an impact score of 45.867738642277 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

Here are some of the news stories that may have effected Accern’s analysis:

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

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

ANSYS announced that its Board of Directors has initiated a share buyback program on Wednesday, February 21st that allows the company to repurchase 5,000,000 shares. This repurchase authorization allows the software maker to buy shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board believes its stock is undervalued.

A number of brokerages recently commented on ANSS. BidaskClub raised ANSYS from a “buy” rating to a “strong-buy” rating in a report on Saturday. ValuEngine raised ANSYS from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Berenberg Bank raised ANSYS from a “hold” rating to a “buy” rating and set a $123.00 target price on the stock in a report on Tuesday, January 30th. Zacks Investment Research cut ANSYS from a “buy” rating to a “hold” rating in a report on Tuesday, January 2nd. Finally, Wedbush reaffirmed a “neutral” rating and issued a $136.00 target price (down from $160.00) on shares of ANSYS in a report on Friday, February 23rd. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. ANSYS currently has a consensus rating of “Hold” and a consensus price target of $132.00.

In other news, VP Richard S. Mahoney sold 1,625 shares of the firm’s stock in a transaction dated Wednesday, March 7th. The stock was sold at an average price of $161.90, for a total transaction of $263,087.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Bradford C. Morley sold 24,500 shares of the firm’s stock in a transaction dated Wednesday, March 7th. The shares were sold at an average price of $165.06, for a total value of $4,043,970.00. The disclosure for this sale can be found here. Insiders sold a total of 61,691 shares of company stock valued at $8,852,518 in the last quarter. 1.30% of the stock is currently owned by company insiders.

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ANSYS Company Profile

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.

Insider Buying and Selling by Quarter for ANSYS (NASDAQ:ANSS)

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