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

Shares of Bentley Systems, Incorporated (NASDAQ:BSY) have been assigned an average rating of “Moderate Buy” from the ten brokerages that are currently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $58.44.

A number of brokerages have recently commented on BSY. Piper Sandler reiterated an “overweight” rating and set a $60.00 price target on shares of Bentley Systems in a report on Wednesday, February 28th. Royal Bank of Canada reiterated an “outperform” rating and issued a $61.00 price target on shares of Bentley Systems in a report on Wednesday, February 28th. Rosenblatt Securities restated a “buy” rating and set a $60.00 price objective on shares of Bentley Systems in a report on Tuesday, April 30th. William Blair initiated coverage on shares of Bentley Systems in a report on Thursday, March 28th. They issued an “outperform” rating for the company. Finally, Robert W. Baird increased their price target on shares of Bentley Systems from $58.00 to $59.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 6th.

Insider Activity

In other Bentley Systems news, Director Keith A. Bentley sold 17,021 shares of the firm’s stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $55.00, for a total transaction of $936,155.00. Following the completion of the transaction, the director now directly owns 17,150,752 shares of the company’s stock, valued at approximately $943,291,360. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, Director Keith A. Bentley sold 17,021 shares of the stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $55.00, for a total transaction of $936,155.00. Following the sale, the director now directly owns 17,150,752 shares in the company, valued at approximately $943,291,360. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Keith A. Bentley sold 88,925 shares of the stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $49.48, for a total value of $4,400,009.00. Following the completion of the transaction, the director now directly owns 17,164,179 shares of the company’s stock, valued at approximately $849,283,576.92. The disclosure for this sale can be found here. Company insiders own 21.12% of the company’s stock.

Institutional Investors Weigh In On Bentley Systems

Institutional investors and hedge funds have recently bought and sold shares of the business. Private Trust Co. NA boosted its holdings in shares of Bentley Systems by 87.3% in the fourth quarter. Private Trust Co. NA now owns 545 shares of the company’s stock worth $28,000 after buying an additional 254 shares during the period. Fifth Third Bancorp boosted its holdings in shares of Bentley Systems by 97.4% during the fourth quarter. Fifth Third Bancorp now owns 752 shares of the company’s stock worth $39,000 after purchasing an additional 371 shares during the period. Benjamin F. Edwards & Company Inc. boosted its stake in shares of Bentley Systems by 496.0% during the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 900 shares of the company’s stock valued at $47,000 after buying an additional 749 shares during the period. Van ECK Associates Corp purchased a new position in shares of Bentley Systems during the 4th quarter valued at $72,000. Finally, Principal Securities Inc. acquired a new position in shares of Bentley Systems in the fourth quarter worth $73,000. 44.16% of the stock is owned by institutional investors and hedge funds.

Bentley Systems Stock Up 0.6 %

BSY stock opened at $53.54 on Thursday. The company has a debt-to-equity ratio of 1.72, a current ratio of 0.55 and a quick ratio of 0.55. Bentley Systems has a 12 month low of $41.59 and a 12 month high of $55.37. The firm has a market capitalization of $15.30 billion, a PE ratio of 54.08, a P/E/G ratio of 5.36 and a beta of 1.08. The company’s 50 day simple moving average is $50.81 and its 200-day simple moving average is $50.84.

Bentley Systems (NASDAQ:BSY) last announced its earnings results on Tuesday, February 27th. The company reported $0.18 EPS for the quarter, meeting analysts’ consensus estimates of $0.18. Bentley Systems had a return on equity of 33.87% and a net margin of 26.60%. The firm had revenue of $310.64 million for the quarter, compared to analysts’ expectations of $313.67 million. During the same quarter in the prior year, the firm earned $0.13 EPS. Bentley Systems’s quarterly revenue was up 8.3% on a year-over-year basis. Equities analysts expect that Bentley Systems will post 0.82 earnings per share for the current fiscal year.

Bentley Systems Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Wednesday, March 20th were given a dividend of $0.06 per share. This is a boost from Bentley Systems’s previous quarterly dividend of $0.05. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.45%. The ex-dividend date was Tuesday, March 19th. Bentley Systems’s payout ratio is presently 24.24%.

Bentley Systems Company Profile

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 engineering applications, such as MicroStation, OpenBridge, OpenBuildings, OpenCities, OpenComms, OpenFlows, OpenPlant, OpenRail, OpenRoads, OpenSite, OpenTower, OpenTunnel, OpenUtilities, and OpenWindowPower; and open simulation engineering applications, including ADINA, AutoPIPE, CUBE, DYNAMEQ, EMME, LEGION, Power Line Systems, RAM, SACS, SPIDA, and STAAD; and geoprofessional applications for modeling and simulation of near and deep subsurface conditions, including AGS, Central, GeoStudio, Imago, Leapfrog, MX Deposit, Oasis montaj, OpenGround, and PLAXIS.