Bentley Systems, Incorporated (NASDAQ:BSY) Receives $56.73 Consensus PT from Analysts

Shares of Bentley Systems, Incorporated (NASDAQ:BSY) have received a consensus rating of “Moderate Buy” from the twelve research firms that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation, four have given a hold recommendation and seven have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $56.7273.

Several analysts recently issued reports on BSY shares. Weiss Ratings restated a “hold (c)” rating on shares of Bentley Systems in a report on Wednesday, October 8th. Rosenblatt Securities reissued a “buy” rating and issued a $58.00 price target on shares of Bentley Systems in a research note on Thursday, November 6th. JPMorgan Chase & Co. decreased their price objective on shares of Bentley Systems from $56.00 to $51.00 and set a “neutral” rating on the stock in a report on Thursday, November 6th. Barclays started coverage on shares of Bentley Systems in a report on Tuesday, October 7th. They issued an “equal weight” rating and a $57.00 target price for the company. Finally, Piper Sandler decreased their price target on Bentley Systems from $63.00 to $60.00 and set an “overweight” rating on the stock in a research note on Thursday, November 6th.

Bentley Systems Trading Down 0.6%

BSY opened at $38.92 on Tuesday. Bentley Systems has a one year low of $36.51 and a one year high of $59.25. The stock has a market capitalization of $11.37 billion, a PE ratio of 46.33, a P/E/G ratio of 3.05 and a beta of 1.23. The business’s 50 day moving average price is $44.32 and its 200 day moving average price is $50.51. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.61 and a current ratio of 0.61.

Bentley Systems (NASDAQ:BSY) last posted its earnings results on Wednesday, November 5th. The company reported $0.27 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.27. Bentley Systems had a return on equity of 28.16% and a net margin of 18.45%.The company had revenue of $375.55 million during the quarter, compared to analysts’ expectations of $369.57 million. During the same quarter last year, the firm earned $0.24 earnings per share. The firm’s quarterly revenue was up 12.0% compared to the same quarter last year. As a group, equities research analysts expect that Bentley Systems will post 0.88 EPS for the current year.

Bentley Systems Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 11th. Investors of record on Thursday, December 4th were issued a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 0.7%. The ex-dividend date was Thursday, December 4th. Bentley Systems’s payout ratio is currently 33.33%.

Institutional Trading of Bentley Systems

A number of institutional investors and hedge funds have recently bought and sold shares of BSY. Vanguard Group Inc. increased its position in shares of Bentley Systems by 10.7% in the 3rd quarter. Vanguard Group Inc. now owns 18,607,657 shares of the company’s stock valued at $957,922,000 after purchasing an additional 1,792,591 shares during the last quarter. Swedbank AB grew its stake in shares of Bentley Systems by 2.3% during the third quarter. Swedbank AB now owns 7,250,495 shares of the company’s stock worth $373,255,000 after purchasing an additional 160,594 shares in the last quarter. Geode Capital Management LLC increased its holdings in Bentley Systems by 5.0% in the second quarter. Geode Capital Management LLC now owns 3,230,547 shares of the company’s stock valued at $173,877,000 after buying an additional 155,078 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in Bentley Systems by 207.6% in the second quarter. Bank of New York Mellon Corp now owns 3,062,057 shares of the company’s stock valued at $165,259,000 after buying an additional 2,066,725 shares during the last quarter. Finally, William Blair Investment Management LLC acquired a new stake in Bentley Systems in the third quarter valued at $150,903,000. 44.16% of the stock is currently owned by hedge funds and other institutional investors.

Bentley Systems Company Profile

Bentley Systems, Inc is a global software provider specializing in infrastructure engineering applications for the design, construction, and operations of roads, bridges, rail and transit systems, water and wastewater networks, power plants and grids, industrial facilities, and communications infrastructure. Founded in 1984 by brothers Keith and Barry Bentley, the company is headquartered in Exton, Pennsylvania, and maintains offices and development centers across North America, Europe, Asia, and Australia.