Bentley Systems, Incorporated (NASDAQ:BSY) Receives $48.50 Consensus PT from Analysts

Bentley Systems, Incorporated (NASDAQ:BSY) has been given a consensus recommendation of “Hold” by the thirteen ratings firms that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $48.50.

Several research firms have weighed in on BSY. UBS Group dropped their price target on Bentley Systems from $60.00 to $40.00 and set a “neutral” rating for the company in a research report on Monday, February 23rd. BMO Capital Markets reissued an “outperform” rating on shares of Bentley Systems in a research report on Monday, March 2nd. Mizuho dropped their price target on Bentley Systems from $62.00 to $50.00 and set an “outperform” rating for the company in a research report on Friday, February 27th. Rosenblatt Securities dropped their price target on Bentley Systems from $58.00 to $50.00 and set a “buy” rating for the company in a research report on Tuesday, February 24th. Finally, Oppenheimer dropped their price target on Bentley Systems from $53.00 to $43.00 and set an “outperform” rating for the company in a research report on Friday, February 27th.

Bentley Systems Stock Performance

NASDAQ:BSY opened at $35.03 on Thursday. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 1.05. The firm has a 50-day moving average price of $35.66 and a two-hundred day moving average price of $41.42. Bentley Systems has a twelve month low of $30.97 and a twelve month high of $59.25. The company has a market capitalization of $10.21 billion, a P/E ratio of 40.73, a price-to-earnings-growth ratio of 2.36 and a beta of 1.16.

Bentley Systems (NASDAQ:BSY) last posted its earnings results on Thursday, February 26th. The company reported $0.27 earnings per share for the quarter, meeting the consensus estimate of $0.27. Bentley Systems had a net margin of 18.50% and a return on equity of 28.82%. The firm had revenue of $391.58 million during the quarter, compared to the consensus estimate of $381.79 million. During the same period last year, the firm posted $0.21 EPS. The firm’s revenue for the quarter was up 11.9% on a year-over-year basis. As a group, research analysts expect that Bentley Systems will post 0.88 earnings per share for the current fiscal year.

Bentley Systems Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 19th. Stockholders of record on Tuesday, March 10th were issued a dividend of $0.07 per share. The ex-dividend date was Tuesday, March 10th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.8%. Bentley Systems’s payout ratio is 32.56%.

Institutional Investors Weigh In On Bentley Systems

A number of hedge funds and other institutional investors have recently modified their holdings of BSY. William Blair Investment Management LLC purchased a new stake in shares of Bentley Systems during the third quarter worth about $150,903,000. Manning & Napier Advisors LLC purchased a new stake in shares of Bentley Systems in the third quarter valued at $122,028,000. Norges Bank purchased a new stake in shares of Bentley Systems in the fourth quarter valued at $68,766,000. Vanguard Group Inc. grew its position in shares of Bentley Systems by 10.7% in the third 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 period. Finally, Swedbank AB grew its position in shares of Bentley Systems by 18.5% in the fourth quarter. Swedbank AB now owns 8,589,201 shares of the company’s stock valued at $327,807,000 after purchasing an additional 1,338,706 shares during the period. 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.