ANSYS (NASDAQ:ANSS) announced its earnings results on Monday. The software maker reported $1.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.09 by $0.52, Briefing.com reports. ANSYS had a net margin of 31.73% and a return on equity of 17.08%. The company had revenue of $370.51 million for the quarter, compared to analysts’ expectations of $338.31 million. During the same quarter in the previous year, the company posted $1.35 EPS. The firm’s quarterly revenue was up 20.0% on a year-over-year basis.
Shares of ANSS stock traded up $7.20 on Tuesday, hitting $197.35. 472,773 shares of the stock traded hands, compared to its average volume of 379,367. The company’s 50-day moving average price is $206.44. The company has a quick ratio of 2.11, a current ratio of 2.11 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $16.40 billion, a PE ratio of 37.88 and a beta of 1.42. ANSYS has a twelve month low of $136.80 and a twelve month high of $215.39.
Several equities research analysts have issued reports on the stock. Wedbush lifted their target price on shares of ANSYS from $221.00 to $228.00 and gave the stock an “outperform” rating in a research note on Thursday, July 11th. They noted that the move was a valuation call. Benchmark reaffirmed a “buy” rating and set a $210.00 target price (up previously from $203.00) on shares of ANSYS in a research note on Friday, May 3rd. Citigroup initiated coverage on shares of ANSYS in a research report on Monday, July 22nd. They set a “buy” rating and a $250.00 price target on the stock. JPMorgan Chase & Co. boosted their price target on shares of ANSYS from $160.00 to $190.00 and gave the company an “underweight” rating in a research report on Tuesday. Finally, BidaskClub cut shares of ANSYS from a “buy” rating to a “hold” rating in a research report on Tuesday, July 30th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and nine have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $197.31.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Cullen Frost Bankers Inc. acquired a new position in ANSYS in the first quarter valued at about $28,000. Flagship Harbor Advisors LLC lifted its position in ANSYS by 198.4% in the first quarter. Flagship Harbor Advisors LLC now owns 182 shares of the software maker’s stock valued at $33,000 after buying an additional 121 shares during the last quarter. Ibex Wealth Advisors acquired a new position in ANSYS in the second quarter valued at about $39,000. Glassman Wealth Services lifted its position in ANSYS by 128.9% in the first quarter. Glassman Wealth Services now owns 206 shares of the software maker’s stock valued at $38,000 after buying an additional 116 shares during the last quarter. Finally, Washington Trust Bank lifted its position in ANSYS by 43.8% in the first quarter. Washington Trust Bank now owns 210 shares of the software maker’s stock valued at $39,000 after buying an additional 64 shares during the last quarter. 93.54% of the stock is currently owned by institutional investors.
ANSYS Company Profile
ANSYS, Inc develops and markets engineering simulation software and services worldwide. The company offers ANSYS Workbench, a framework upon which the company's engineering simulation technologies are built; ANSYS multiphysics software to simulate the interactions between structures, heat transfer, fluids, and electronics in a unified engineering simulation environment; and structural analysis product suite that provides simulation tools for product design and optimization.
See Also: Intrinsic Value
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