Ansys (ANSS) Reaches New Lifetime High Today - TheStreet

Trade-Ideas LLC identified

Ansys

(

ANSS

) as a new lifetime high candidate. In addition to specific proprietary factors, Trade-Ideas identified Ansys as such a stock due to the following factors:

  • ANSS has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $31.0 million.
  • ANSS has traded 2,678 shares today.
  • ANSS is trading at a new lifetime high.

EXCLUSIVE OFFER: Get the inside scoop on opportunities in ANSS with the Ticky from Trade-Ideas. See the FREE profile for ANSS NOW at Trade-Ideas

More details on ANSS:

ANSYS, Inc. ANSS has a PE ratio of 35. Currently there are 3 analysts that rate Ansys a buy, no analysts rate it a sell, and 6 rate it a hold.

The average volume for Ansys has been 384,200 shares per day over the past 30 days. Ansys has a market cap of $8.6 billion and is part of the technology sector and computer software & services industry. The stock has a beta of 1.02 and a short float of 2.5% with 7.08 days to cover. Shares are up 16.2% year-to-date as of the close of trading on Friday.

EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.

TheStreetRatings.com

Analysis:

TheStreet Quant Ratings

rates Ansys as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, expanding profit margins, solid stock price performance and growth in earnings per share. We feel its strengths outweigh the fact that the company shows weak operating cash flow.

Highlights from the ratings report include:

  • The revenue growth came in higher than the industry average of 18.8%. Since the same quarter one year prior, revenues slightly increased by 1.3%. This growth in revenue appears to have trickled down to the company's bottom line, improving the earnings per share.
  • ANSS has no debt to speak of therefore resulting in a debt-to-equity ratio of zero, which we consider to be a relatively favorable sign. To add to this, ANSS has a quick ratio of 2.47, which demonstrates the ability of the company to cover short-term liquidity needs.
  • The stock has not only risen over the past year, it has done so at a faster pace than the S&P 500, reflecting the earnings growth and other positive factors similar to those we have cited here. Turning our attention to the future direction of the stock, it goes without saying that even the best stocks can fall in an overall down market. However, in any other environment, this stock still has good upside potential despite the fact that it has already risen in the past year.
  • The gross profit margin for ANSYS INC is currently very high, coming in at 90.18%. It has increased from the same quarter the previous year. Along with this, the net profit margin of 26.47% is above that of the industry average.
  • ANSYS INC's earnings per share improvement from the most recent quarter was slightly positive. The company has demonstrated a pattern of positive earnings per share growth over the past two years. We feel that this trend should continue. During the past fiscal year, ANSYS INC increased its bottom line by earning $2.71 versus $2.59 in the prior year. This year, the market expects an improvement in earnings ($3.43 versus $2.71).

EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.