Bentley Systems, Incorporated (NASDAQ:BSY) Given Consensus Recommendation of “Hold” by Analysts

Bentley Systems, Incorporated (NASDAQ:BSY) has earned a consensus rating of “Hold” from the fifteen research firms that are presently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and nine have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $45.5385.

A number of equities analysts recently commented on the company. Weiss Ratings lowered shares of Bentley Systems from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday. Bank of America started coverage on shares of Bentley Systems in a research note on Tuesday, May 12th. They set a “buy” rating and a $40.00 price target on the stock. BNP Paribas Exane started coverage on shares of Bentley Systems in a report on Thursday, June 18th. They set an “outperform” rating and a $40.00 price target on the stock. UBS Group reduced their price objective on shares of Bentley Systems from $43.00 to $40.00 and set a “neutral” rating for the company in a research note on Monday, May 4th. Finally, Barclays decreased their price objective on shares of Bentley Systems from $49.00 to $40.00 and set an “equal weight” rating for the company in a report on Friday, May 29th.

Bentley Systems Trading Down 2.3%

NASDAQ BSY opened at $32.34 on Friday. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.91. Bentley Systems has a 1-year low of $28.08 and a 1-year high of $59.25. The firm’s fifty day simple moving average is $31.72 and its 200-day simple moving average is $34.48. The company has a market capitalization of $9.45 billion, a PE ratio of 36.75, a price-to-earnings-growth ratio of 2.08 and a beta of 1.00.

Bentley Systems (NASDAQ:BSY) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.02. Bentley Systems had a return on equity of 28.65% and a net margin of 18.12%.The firm had revenue of $424.18 million during the quarter, compared to analysts’ expectations of $419.80 million. During the same quarter last year, the firm earned $0.35 earnings per share. The business’s revenue for the quarter was up 14.5% on a year-over-year basis. As a group, sell-side analysts anticipate that Bentley Systems will post 1.2 earnings per share for the current fiscal year.

Bentley Systems Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, June 11th. Stockholders of record on Tuesday, June 2nd were paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 0.9%. The ex-dividend date was Tuesday, June 2nd. Bentley Systems’s dividend payout ratio is 31.82%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the stock. Los Angeles Capital Management LLC bought a new stake in Bentley Systems during the fourth quarter worth approximately $25,000. Geneos Wealth Management Inc. raised its position in shares of Bentley Systems by 1,529.3% in the first quarter. Geneos Wealth Management Inc. now owns 668 shares of the company’s stock valued at $26,000 after purchasing an additional 627 shares during the period. Physician Wealth Advisors Inc. lifted its stake in shares of Bentley Systems by 80.2% in the first quarter. Physician Wealth Advisors Inc. now owns 791 shares of the company’s stock worth $28,000 after buying an additional 352 shares during the last quarter. CX Institutional lifted its stake in shares of Bentley Systems by 898.9% in the second quarter. CX Institutional now owns 939 shares of the company’s stock worth $28,000 after buying an additional 845 shares during the last quarter. Finally, Harbor Investment Advisory LLC bought a new stake in shares of Bentley Systems during the 2nd quarter worth $30,000. 44.16% of the stock is owned by institutional investors.

About Bentley Systems

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.