Bentley Systems, Incorporated (NASDAQ:BSY) Receives $47.69 Average Price Target from Brokerages

Bentley Systems, Incorporated (NASDAQ:BSY) has received a consensus recommendation of “Hold” from the fifteen analysts that are presently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and nine have given a buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $47.6923.

A number of research analysts recently weighed in on BSY shares. BMO Capital Markets reissued an “outperform” rating on shares of Bentley Systems in a research report on Monday, March 2nd. UBS Group dropped their price target on shares of Bentley Systems from $43.00 to $40.00 and set a “neutral” rating on the stock in a research report on Monday, May 4th. Weiss Ratings lowered shares of Bentley Systems from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, April 15th. Rosenblatt Securities dropped their price target on shares of Bentley Systems from $58.00 to $50.00 and set a “buy” rating on the stock in a research report on Tuesday, February 24th. Finally, Mizuho dropped their price target on shares of Bentley Systems from $50.00 to $45.00 and set an “outperform” rating on the stock in a research report on Friday, May 8th.

Bentley Systems Stock Down 1.3%

Shares of NASDAQ BSY opened at $32.74 on Friday. The stock has a market capitalization of $9.57 billion, a P/E ratio of 37.20, a P/E/G ratio of 2.08 and a beta of 1.01. The company has a 50-day moving average price of $34.17 and a 200-day moving average price of $37.17. Bentley Systems has a 1 year low of $30.52 and a 1 year high of $59.25. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.51 and a quick ratio of 0.51.

Bentley Systems (NASDAQ:BSY) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.38 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.02. Bentley Systems had a net margin of 18.12% and a return on equity of 28.65%. The company had revenue of $424.18 million for the quarter, compared to analyst estimates of $419.80 million. During the same period last year, the firm earned $0.35 earnings per share. The firm’s revenue was up 14.5% on a year-over-year basis. On average, equities research analysts forecast that Bentley Systems will post 1.23 EPS for the current fiscal year.

Bentley Systems Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 11th. Investors of record on Tuesday, June 2nd will be given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Tuesday, June 2nd. Bentley Systems’s dividend payout ratio (DPR) is presently 31.82%.

Institutional Trading of Bentley Systems

Hedge funds have recently added to or reduced their stakes in the stock. National Pension Service bought a new stake in Bentley Systems in the third quarter worth about $28,000. Baillie Gifford & Co. bought a new stake in Bentley Systems in the third quarter worth about $28,000. Los Angeles Capital Management LLC bought a new stake in Bentley Systems in the fourth quarter worth about $25,000. Geneos Wealth Management Inc. raised its position in Bentley Systems by 1,529.3% in the first quarter. Geneos Wealth Management Inc. now owns 668 shares of the company’s stock worth $26,000 after acquiring an additional 627 shares during the period. Finally, Caitong International Asset Management Co. Ltd bought a new stake in Bentley Systems in the third quarter worth about $37,000. Institutional investors own 44.16% of the company’s stock.

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.