Bentley Systems, Incorporated (NASDAQ:BSY) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Bentley Systems, Incorporated (NASDAQ:BSY – Get Rating) has received a consensus rating of “Moderate Buy” from the ten research firms that are covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $50.78.

Several research analysts have recently weighed in on the stock. Robert W. Baird upped their target price on shares of Bentley Systems from $48.00 to $50.00 in a research note on Wednesday, May 10th. Mizuho boosted their price target on Bentley Systems from $45.00 to $51.00 in a research note on Wednesday, May 10th. Oppenheimer boosted their price target on Bentley Systems from $48.00 to $50.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 1st. Griffin Securities upgraded Bentley Systems from a “neutral” rating to a “buy” rating and set a $58.00 price target on the stock in a research note on Wednesday, May 10th. Finally, Rosenblatt Securities lowered shares of Bentley Systems from a “buy” rating to a “neutral” rating and lifted their price target for the stock from $43.00 to $47.00 in a research note on Wednesday, May 10th.

Insider Buying and Selling

In related news, CEO Gregory S. Bentley sold 129,691 shares of the stock in a transaction dated Wednesday, May 10th. The shares were sold at an average price of $45.59, for a total transaction of $5,912,612.69. Following the sale, the chief executive officer now owns 8,136,962 shares in the company, valued at $370,964,097.58. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, CEO Gregory S. Bentley sold 129,691 shares of the company’s stock in a transaction on Wednesday, May 10th. The stock was sold at an average price of $45.59, for a total transaction of $5,912,612.69. Following the completion of the transaction, the chief executive officer now directly owns 8,136,962 shares in the company, valued at approximately $370,964,097.58. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Gregory S. Bentley sold 45,723 shares of the company’s stock in a transaction on Monday, April 24th. The stock was sold at an average price of $42.15, for a total value of $1,927,224.45. Following the transaction, the chief executive officer now owns 8,228,960 shares of the company’s stock, valued at $346,850,664. The disclosure for this sale can be found here. Insiders have sold a total of 267,698 shares of company stock worth $11,795,673 over the last quarter. 22.53% of the stock is owned by company insiders.

Institutional Investors Weigh In On Bentley Systems

Institutional investors have recently bought and sold shares of the stock. Belpointe Asset Management LLC boosted its position in shares of Bentley Systems by 43.6% during the 1st quarter. Belpointe Asset Management LLC now owns 757 shares of the company’s stock valued at $33,000 after purchasing an additional 230 shares in the last quarter. Wealthfront Advisers LLC boosted its position in shares of Bentley Systems by 2.4% during the 1st quarter. Wealthfront Advisers LLC now owns 11,422 shares of the company’s stock valued at $491,000 after purchasing an additional 271 shares in the last quarter. Edmond DE Rothschild Holding S.A. boosted its position in shares of Bentley Systems by 8.2% during the 1st quarter. Edmond DE Rothschild Holding S.A. now owns 3,771 shares of the company’s stock valued at $162,000 after purchasing an additional 286 shares in the last quarter. Pacer Advisors Inc. lifted its position in shares of Bentley Systems by 42.3% during the 4th quarter. Pacer Advisors Inc. now owns 1,106 shares of the company’s stock valued at $41,000 after acquiring an additional 329 shares during the last quarter. Finally, Steph & Co. lifted its position in shares of Bentley Systems by 6.6% during the 1st quarter. Steph & Co. now owns 5,490 shares of the company’s stock valued at $236,000 after acquiring an additional 341 shares during the last quarter. Institutional investors and hedge funds own 36.12% of the company’s stock.

Bentley Systems Price Performance

Bentley Systems stock opened at $45.65 on Thursday. Bentley Systems has a 52-week low of $29.97 and a 52-week high of $46.97. The firm has a fifty day moving average of $42.29 and a 200-day moving average of $39.77. The firm has a market capitalization of $12.86 billion, a P/E ratio of 89.51, a PEG ratio of 8.38 and a beta of 1.20. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 2.72.

Bentley Systems (NASDAQ:BSY – Get Rating) last issued its quarterly earnings data on Tuesday, February 28th. The company reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.01. The company had revenue of $287.00 million for the quarter, compared to analysts’ expectations of $280.85 million. Bentley Systems had a return on equity of 38.40% and a net margin of 14.40%. The firm’s quarterly revenue was up 7.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.18 earnings per share. As a group, analysts predict that Bentley Systems will post 0.65 EPS for the current year.

Bentley Systems Company Profile

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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.