Bentley Systems, Incorporated (NASDAQ:BSY) Stock Has Consensus Price Target of $44.77 According to Brokerages

Shares of Bentley Systems, Incorporated (NASDAQ:BSY) have earned an average recommendation of “Moderate Buy” from the fifteen brokerages that are covering the firm, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $44.77.

BSY has been the subject of a number of research analyst reports. Piper Sandler reissued an “overweight” rating and issued a $45.00 price target on shares of Bentley Systems in a report on Friday, August 7th. Weiss Ratings upgraded Bentley Systems from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday. Rosenblatt Securities reiterated a “buy” rating and issued a $50.00 target price on shares of Bentley Systems in a report on Monday, August 10th. Cantor Fitzgerald upped their price target on shares of Bentley Systems from $37.00 to $42.00 and gave the company an “overweight” rating in a research report on Friday, October 16th. Finally, BMO Capital Markets boosted their target price on shares of Bentley Systems from $41.00 to $43.00 and gave the company an “outperform” rating in a research note on Friday, August 7th.

Bentley Systems Trading Up 2.7%

NASDAQ BSY opened at $39.41 on Tuesday. The company’s fifty day moving average price is $34.44 and its two-hundred day moving average price is $33.34. The company has a market capitalization of $11.45 billion, a price-to-earnings ratio of 43.31, a price-to-earnings-growth ratio of 2.39 and a beta of 0.99. Bentley Systems has a 12 month low of $28.08 and a 12 month high of $52.39. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.59 and a quick ratio of 0.59.

Bentley Systems (NASDAQ:BSY) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.03. The firm had revenue of $410.73 million for the quarter, compared to analysts’ expectations of $412.12 million. Bentley Systems had a return on equity of 28.43% and a net margin of 18.10%. The firm’s revenue for the quarter was up 12.8% on a year-over-year basis. During the same period last year, the business posted $0.32 earnings per share. As a group, research analysts predict that Bentley Systems will post 1.21 earnings per share for the current fiscal year.

Bentley Systems Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 29th. Investors of record on Tuesday, September 22nd were given a dividend of $0.07 per share. The ex-dividend date of this dividend was Tuesday, September 22nd. This represents a $0.28 dividend on an annualized basis and a yield of 0.7%. Bentley Systems’s payout ratio is presently 30.77%.

Institutional Investors Weigh In On Bentley Systems

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Yousif Capital Management LLC raised its holdings in shares of Bentley Systems by 0.7% during the 3rd quarter. Yousif Capital Management LLC now owns 41,229 shares of the company’s stock valued at $1,317,000 after purchasing an additional 298 shares in the last quarter. Vest Financial LLC raised its position in shares of Bentley Systems by 10.2% in the third quarter. Vest Financial LLC now owns 20,988 shares of the company’s stock valued at $671,000 after purchasing an additional 1,937 shares during the period. Diversify Advisory Services LLC lifted its stake in shares of Bentley Systems by 1.6% in the third quarter. Diversify Advisory Services LLC now owns 20,930 shares of the company’s stock worth $669,000 after buying an additional 327 shares during the last quarter. State of Alaska Department of Revenue boosted its holdings in shares of Bentley Systems by 0.8% during the 3rd quarter. State of Alaska Department of Revenue now owns 67,528 shares of the company’s stock worth $2,156,000 after buying an additional 534 shares during the period. Finally, Copeland Capital Management LLC lifted its position in Bentley Systems by 40.2% during the 3rd quarter. Copeland Capital Management LLC now owns 765,975 shares of the company’s stock worth $24,473,000 after acquiring an additional 219,754 shares during the last quarter. 44.16% of the stock is owned by hedge funds and other institutional investors.

Bentley Systems Company Profile

Bentley Systems, Incorporated is a software company that develops solutions for the design, construction, and operation of infrastructure. Its customers include engineers, architects, geospatial professionals, construction firms, and infrastructure owner-operators in sectors such as transportation, water, utilities, industrial facilities, and buildings.

The company’s product portfolio includes MicroStation for infrastructure design, ProjectWise for project collaboration, AssetWise for asset performance and operations, and SYNCHRO for construction management.