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

Bentley Systems, Incorporated (NASDAQ:BSY) has received a consensus rating of “Moderate Buy” from the thirteen brokerages that are currently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and eight have assigned a buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $53.00.

Several research firms have weighed in on BSY. Robert W. Baird set a $55.00 target price on shares of Bentley Systems in a research note on Wednesday, January 7th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Bentley Systems in a report on Wednesday, October 8th. Rosenblatt Securities reiterated a “buy” rating and set a $58.00 price objective on shares of Bentley Systems in a research note on Thursday, November 6th. Royal Bank Of Canada cut their target price on shares of Bentley Systems from $65.00 to $48.00 and set an “outperform” rating on the stock in a report on Monday, January 5th. Finally, BMO Capital Markets set a $48.00 target price on Bentley Systems and gave the company an “outperform” rating in a report on Thursday.

Hedge Funds Weigh In On Bentley Systems

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its stake in Bentley Systems by 10.7% during the 3rd quarter. Vanguard Group Inc. now owns 18,607,657 shares of the company’s stock valued at $957,922,000 after acquiring an additional 1,792,591 shares in the last quarter. Swedbank AB increased its holdings in shares of Bentley Systems by 2.3% during the third quarter. Swedbank AB now owns 7,250,495 shares of the company’s stock valued at $373,255,000 after purchasing an additional 160,594 shares during the period. Geode Capital Management LLC raised its stake in shares of Bentley Systems by 5.0% during the second quarter. Geode Capital Management LLC now owns 3,230,547 shares of the company’s stock valued at $173,877,000 after purchasing an additional 155,078 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in Bentley Systems by 207.6% in the second quarter. Bank of New York Mellon Corp now owns 3,062,057 shares of the company’s stock worth $165,259,000 after purchasing an additional 2,066,725 shares during the period. Finally, William Blair Investment Management LLC bought a new position in Bentley Systems in the 3rd quarter valued at about $150,903,000. 44.16% of the stock is owned by institutional investors.

Bentley Systems Stock Down 0.0%

Shares of Bentley Systems stock opened at $38.10 on Friday. The business has a 50-day moving average price of $40.30 and a 200 day moving average price of $48.82. Bentley Systems has a fifty-two week low of $36.51 and a fifty-two week high of $59.25. The firm has a market cap of $11.13 billion, a P/E ratio of 45.36, a P/E/G ratio of 2.62 and a beta of 1.21. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 1.04.

Bentley Systems (NASDAQ:BSY) last issued its earnings results on Wednesday, November 5th. The company reported $0.27 EPS for the quarter, hitting the consensus estimate of $0.27. Bentley Systems had a return on equity of 28.16% and a net margin of 18.45%.The company had revenue of $375.55 million during the quarter, compared to analyst estimates of $369.57 million. During the same quarter last year, the firm earned $0.24 EPS. The business’s revenue was up 12.0% on a year-over-year basis. On average, sell-side analysts forecast that Bentley Systems will post 0.88 earnings per share for the current fiscal year.

Bentley Systems Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 11th. Investors of record on Thursday, December 4th were given a $0.07 dividend. The ex-dividend date was Thursday, December 4th. This represents a $0.28 annualized dividend and a yield of 0.7%. Bentley Systems’s dividend payout ratio (DPR) is currently 33.33%.

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.