Bentley Systems, Incorporated (NASDAQ:BSY) Given Consensus Recommendation of “Moderate Buy” by Analysts

Bentley Systems, Incorporated (NASDAQ:BSY) has been assigned a consensus rating of “Moderate Buy” from the sixteen analysts that are presently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, four have given a hold recommendation and ten have given a buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $46.50.

A number of equities research analysts recently issued reports on BSY shares. BNP Paribas Exane started coverage on shares of Bentley Systems in a report on Thursday. They issued an “outperform” rating and a $40.00 price objective for the company. Weiss Ratings cut shares of Bentley Systems from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, April 15th. BMO Capital Markets reiterated an “outperform” rating on shares of Bentley Systems in a report on Monday, March 2nd. Zacks Research cut shares of Bentley Systems from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 21st. Finally, Rosenblatt Securities decreased their price target on shares of Bentley Systems from $58.00 to $50.00 and set a “buy” rating for the company in a report on Tuesday, February 24th.

Institutional Investors Weigh In On Bentley Systems

A number of hedge funds have recently bought and sold shares of the company. Parallel Advisors LLC boosted its holdings in Bentley Systems by 49.5% during the first quarter. Parallel Advisors LLC now owns 2,445 shares of the company’s stock valued at $86,000 after acquiring an additional 810 shares during the period. Groupama Asset Managment boosted its holdings in Bentley Systems by 38.0% during the first quarter. Groupama Asset Managment now owns 14,821 shares of the company’s stock valued at $521,000 after acquiring an additional 4,085 shares during the period. Groupe la Francaise boosted its holdings in Bentley Systems by 76.3% during the first quarter. Groupe la Francaise now owns 109,266 shares of the company’s stock valued at $3,830,000 after acquiring an additional 47,273 shares during the period. Liontrust Investment Partners LLP boosted its holdings in Bentley Systems by 7.4% during the first quarter. Liontrust Investment Partners LLP now owns 7,349 shares of the company’s stock valued at $258,000 after acquiring an additional 505 shares during the period. Finally, Janus Henderson Group PLC boosted its holdings in Bentley Systems by 999.5% during the first quarter. Janus Henderson Group PLC now owns 75,500 shares of the company’s stock valued at $2,652,000 after acquiring an additional 68,633 shares during the period. 44.16% of the stock is currently owned by institutional investors.

Bentley Systems Trading Down 1.7%

Shares of NASDAQ:BSY opened at $28.87 on Tuesday. The stock has a market capitalization of $8.44 billion, a PE ratio of 32.81, a P/E/G ratio of 1.90 and a beta of 1.00. Bentley Systems has a 1 year low of $28.42 and a 1 year high of $59.25. The firm has a fifty day moving average price of $32.59 and a 200 day moving average price of $35.70. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.91.

Bentley Systems (NASDAQ:BSY) last issued its quarterly earnings data on Thursday, May 7th. The company reported $0.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.02. The firm had revenue of $424.18 million during the quarter, compared to analysts’ expectations of $419.80 million. Bentley Systems had a net margin of 18.12% and a return on equity of 28.65%. Bentley Systems’s revenue for the quarter was up 14.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.35 earnings per share. Analysts expect that Bentley Systems will post 1.19 EPS for the current fiscal year.

Bentley Systems Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, June 11th. Shareholders of record on Tuesday, June 2nd were issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date was Tuesday, June 2nd. Bentley Systems’s dividend payout ratio is 31.82%.

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.