Bentley Systems, Incorporated (NASDAQ:BSY) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Bentley Systems, Incorporated (NASDAQ:BSY) have earned an average rating of “Moderate Buy” from the seven analysts that are covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $57.00.

A number of analysts have recently issued reports on BSY shares. JPMorgan Chase & Co. assumed coverage on shares of Bentley Systems in a report on Monday, December 9th. They set a “neutral” rating and a $52.00 price target for the company. Rosenblatt Securities reiterated a “buy” rating and issued a $62.00 price objective on shares of Bentley Systems in a research report on Friday, November 8th. Finally, Piper Sandler reduced their target price on Bentley Systems from $65.00 to $57.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 8th.

Bentley Systems Stock Down 2.1 %

Shares of BSY opened at $45.77 on Friday. Bentley Systems has a 52-week low of $43.82 and a 52-week high of $57.19. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 1.37. The stock has a fifty day simple moving average of $47.24 and a two-hundred day simple moving average of $48.51. The company has a market capitalization of $13.31 billion, a PE ratio of 41.23, a price-to-earnings-growth ratio of 3.48 and a beta of 1.03.

Bentley Systems (NASDAQ:BSY) last released its quarterly earnings data on Thursday, November 7th. The company reported $0.24 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.24. The firm had revenue of $335.17 million during the quarter, compared to analysts’ expectations of $340.36 million. Bentley Systems had a net margin of 27.73% and a return on equity of 29.50%. Bentley Systems’s revenue was up 9.3% compared to the same quarter last year. During the same period last year, the business earned $0.18 earnings per share. As a group, equities analysts forecast that Bentley Systems will post 0.88 EPS for the current year.

Bentley Systems Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Tuesday, December 3rd were paid a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.52%. The ex-dividend date was Tuesday, December 3rd. Bentley Systems’s dividend payout ratio (DPR) is 21.62%.

Insider Transactions at Bentley Systems

In other news, Director Keith A. Bentley sold 1,152 shares of the firm’s stock in a transaction that occurred on Friday, January 24th. The shares were sold at an average price of $46.33, for a total value of $53,372.16. Following the completion of the transaction, the director now owns 16,703,876 shares of the company’s stock, valued at approximately $773,890,575.08. This trade represents a 0.01 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 21.12% of the company’s stock.

Institutional Investors Weigh In On Bentley Systems

A number of hedge funds have recently added to or reduced their stakes in the business. Cetera Investment Advisers increased its position in shares of Bentley Systems by 1.1% during the second quarter. Cetera Investment Advisers now owns 31,449 shares of the company’s stock worth $1,552,000 after acquiring an additional 352 shares during the period. Sanctuary Advisors LLC purchased a new position in Bentley Systems in the second quarter valued at $3,976,000. Central Pacific Bank Trust Division grew its stake in Bentley Systems by 57.1% during the 3rd quarter. Central Pacific Bank Trust Division now owns 759 shares of the company’s stock worth $39,000 after purchasing an additional 276 shares in the last quarter. SG Americas Securities LLC increased its holdings in Bentley Systems by 933.6% during the 3rd quarter. SG Americas Securities LLC now owns 28,279 shares of the company’s stock worth $1,437,000 after purchasing an additional 25,543 shares during the period. Finally, Handelsbanken Fonder AB raised its position in Bentley Systems by 41.8% in the 3rd quarter. Handelsbanken Fonder AB now owns 1,323,000 shares of the company’s stock valued at $67,222,000 after purchasing an additional 390,000 shares in the last quarter. 44.16% of the stock is currently owned by institutional investors and hedge funds.

About Bentley Systems

Bentley Systems, Incorporated, together with its subsidiaries, provides infrastructure engineering software solutions in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. The company offers open modeling engineering applications, such as MicroStation, OpenBridge, OpenBuildings, OpenCities, OpenComms, OpenFlows, OpenPlant, OpenRail, OpenRoads, OpenSite, OpenTower, OpenTunnel, OpenUtilities, and OpenWindowPower; and open simulation engineering applications, including ADINA, AutoPIPE, CUBE, DYNAMEQ, EMME, LEGION, Power Line Systems, RAM, SACS, SPIDA, and STAAD; and geoprofessional applications for modeling and simulation of near and deep subsurface conditions, including AGS, Central, GeoStudio, Imago, Leapfrog, MX Deposit, Oasis montaj, OpenGround, and PLAXIS.