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

Shares of Bentley Systems, Incorporated (NASDAQ:BSY) have been assigned an average recommendation of “Moderate Buy” from the fourteen research firms that are currently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a sell rating, four have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $48.50.

Several research analysts have recently issued reports on the stock. Oppenheimer reduced their target price on shares of Bentley Systems from $53.00 to $43.00 and set an “outperform” rating on the stock in a research note on Friday, February 27th. Weiss Ratings lowered shares of Bentley Systems from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, April 15th. Mizuho reduced their target price on shares of Bentley Systems from $62.00 to $50.00 and set an “outperform” rating on the stock in a research note on Friday, February 27th. Robert W. Baird set a $55.00 target price on shares of Bentley Systems in a research note on Wednesday, January 7th. Finally, UBS Group reduced their target price on shares of Bentley Systems from $60.00 to $40.00 and set a “neutral” rating on the stock in a research note on Monday, February 23rd.

Bentley Systems Price Performance

Shares of NASDAQ:BSY opened at $33.56 on Monday. Bentley Systems has a 12 month low of $30.83 and a 12 month high of $59.25. The company’s 50-day moving average price is $35.57 and its two-hundred day moving average price is $39.22. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 1.05. The firm has a market cap of $9.79 billion, a P/E ratio of 39.02, a P/E/G ratio of 2.25 and a beta of 1.01.

Bentley Systems (NASDAQ:BSY) last issued its quarterly earnings data on Thursday, February 26th. The company reported $0.27 EPS for the quarter, hitting analysts’ consensus estimates of $0.27. The firm had revenue of $391.58 million for the quarter, compared to analyst estimates of $381.79 million. Bentley Systems had a net margin of 18.50% and a return on equity of 28.82%. The company’s revenue was up 11.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.21 EPS. As a group, research analysts forecast that Bentley Systems will post 1.23 EPS for the current fiscal year.

Bentley Systems Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 19th. Stockholders of record on Tuesday, March 10th were paid a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend was Tuesday, March 10th. Bentley Systems’s dividend payout ratio (DPR) is 32.56%.

Institutional Trading of Bentley Systems

A number of hedge funds have recently modified their holdings of BSY. Geneos Wealth Management Inc. raised its position in shares of Bentley Systems by 1,529.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 668 shares of the company’s stock valued at $26,000 after acquiring an additional 627 shares during the period. Invesco Ltd. raised its position in shares of Bentley Systems by 2.6% in the 2nd quarter. Invesco Ltd. now owns 375,054 shares of the company’s stock valued at $20,242,000 after acquiring an additional 9,557 shares during the period. First Trust Advisors LP raised its position in shares of Bentley Systems by 97.5% in the 2nd quarter. First Trust Advisors LP now owns 160,644 shares of the company’s stock valued at $8,670,000 after acquiring an additional 79,286 shares during the period. Brown Advisory Inc. acquired a new stake in shares of Bentley Systems in the 2nd quarter valued at approximately $212,000. Finally, Cresset Asset Management LLC acquired a new stake in shares of Bentley Systems in the 2nd quarter valued at approximately $248,000. 44.16% of the stock is currently owned by institutional investors and hedge funds.

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.