Bentley Systems (NASDAQ:BSY) Rating Reiterated by Oppenheimer

Oppenheimer restated their outperform rating on shares of Bentley Systems (NASDAQ:BSYGet Rating) in a research report report published on Tuesday, MarketBeat reports. The brokerage currently has a $48.00 price objective on the stock.

A number of other equities analysts have also commented on the stock. Rosenblatt Securities increased their price target on shares of Bentley Systems from $37.00 to $39.00 and gave the stock a buy rating in a report on Wednesday, November 9th. Griffin Securities reissued a hold rating on shares of Bentley Systems in a report on Wednesday, August 10th. Royal Bank of Canada decreased their price target on shares of Bentley Systems from $46.00 to $44.00 and set an outperform rating on the stock in a report on Friday, October 28th. The Goldman Sachs Group raised shares of Bentley Systems from a neutral rating to a buy rating and increased their price target for the stock from $38.00 to $44.00 in a report on Wednesday, November 9th. Finally, Wolfe Research initiated coverage on shares of Bentley Systems in a report on Tuesday, August 16th. They issued an outperform rating and a $48.00 price target on the stock. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of Moderate Buy and an average price target of $45.78.

Bentley Systems Stock Performance

Bentley Systems stock opened at $38.08 on Tuesday. The firm’s 50 day simple moving average is $34.19 and its 200 day simple moving average is $35.10. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 3.42. The firm has a market capitalization of $10.54 billion, a PE ratio of 64.54, a price-to-earnings-growth ratio of 6.73 and a beta of 1.20. Bentley Systems has a 1-year low of $26.32 and a 1-year high of $52.49.

Bentley Systems Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 8th. Stockholders of record on Wednesday, November 30th will be paid a $0.03 dividend. The ex-dividend date of this dividend is Tuesday, November 29th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.32%. Bentley Systems’s dividend payout ratio (DPR) is 20.34%.

Insider Activity

In other Bentley Systems news, CEO Gregory S. Bentley sold 1,668 shares of the stock in a transaction on Wednesday, October 26th. The shares were sold at an average price of $36.00, for a total transaction of $60,048.00. Following the completion of the sale, the chief executive officer now owns 8,634,484 shares of the company’s stock, valued at approximately $310,841,424. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Bentley Systems news, CEO Gregory S. Bentley sold 1,668 shares of the stock in a transaction on Wednesday, October 26th. The shares were sold at an average price of $36.00, for a total transaction of $60,048.00. Following the completion of the sale, the chief executive officer now owns 8,634,484 shares of the company’s stock, valued at approximately $310,841,424. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Gregory S. Bentley sold 76,591 shares of the stock in a transaction on Monday, September 12th. The shares were sold at an average price of $37.68, for a total transaction of $2,885,948.88. Following the sale, the chief executive officer now directly owns 8,731,799 shares of the company’s stock, valued at approximately $329,014,186.32. The disclosure for this sale can be found here. In the last 90 days, insiders sold 365,790 shares of company stock valued at $13,786,454. Corporate insiders own 22.53% of the company’s stock.

Institutional Investors Weigh In On Bentley Systems

Institutional investors have recently added to or reduced their stakes in the company. Seaport Global Advisors LLC lifted its position in shares of Bentley Systems by 11.2% in the 3rd quarter. Seaport Global Advisors LLC now owns 11,511 shares of the company’s stock worth $352,000 after purchasing an additional 1,159 shares during the period. M&T Bank Corp lifted its position in shares of Bentley Systems by 11.3% in the 3rd quarter. M&T Bank Corp now owns 65,246 shares of the company’s stock worth $1,995,000 after purchasing an additional 6,627 shares during the period. Advisors Capital Management LLC lifted its position in shares of Bentley Systems by 41.4% in the 3rd quarter. Advisors Capital Management LLC now owns 73,838 shares of the company’s stock worth $2,859,000 after purchasing an additional 21,612 shares during the period. Kayne Anderson Rudnick Investment Management LLC lifted its position in shares of Bentley Systems by 3.0% in the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 12,061,158 shares of the company’s stock worth $368,951,000 after purchasing an additional 353,739 shares during the period. Finally, Captrust Financial Advisors lifted its position in shares of Bentley Systems by 5,632.2% in the 3rd quarter. Captrust Financial Advisors now owns 134,706 shares of the company’s stock worth $4,121,000 after purchasing an additional 132,356 shares during the period. Hedge funds and other institutional investors own 35.80% of the company’s stock.

About Bentley Systems

(Get Rating)

Bentley Systems, Incorporated, together with its subsidiaries, provides infrastructure engineering software solutions in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. The company offers open modeling and open simulation applications for infrastructure design integration, which include MicroStation, OpenRoads, OpenRail, OpenPlant, OpenBuildings, OpenBridge, OpenSite, OpenFlows, STAAD and RAM, SACS, MOSES, AutoPIPE, SITEOPS, CUBE, DYNAMEQ, EMME, and LEGION; and geoprofessional applications for modeling and simulation of near and deep subsurface conditions, including Leapfrog, AGS Workbench, GeoStudio, Imago, MX Deposit, Oasis montaj, PLAXIS, and OpenGround.

See Also

Analyst Recommendations for Bentley Systems (NASDAQ:BSY)

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