Bentley Systems, Incorporated (NASDAQ:BSY) Announces Quarterly Dividend of $0.07

Bentley Systems, Incorporated (NASDAQ:BSY) announced a quarterly dividend on Friday, September 4th. Investors of record on Tuesday, September 22nd will be paid a dividend of 0.07 per share on Tuesday, September 29th. This represents a c) dividend on an annualized basis and a yield of 0.9%. The ex-dividend date is Tuesday, September 22nd.

Bentley Systems has increased its dividend by an average of 0.6%per year over the last three years and has increased its dividend annually for the last 3 consecutive years. Bentley Systems has a dividend payout ratio of 21.1% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Bentley Systems to earn $1.37 per share next year, which means the company should continue to be able to cover its $0.28 annual dividend with an expected future payout ratio of 20.4%.

Bentley Systems Price Performance

Shares of NASDAQ:BSY opened at $32.58 on Friday. The stock has a market capitalization of $9.47 billion, a P/E ratio of 35.80, a P/E/G ratio of 2.05 and a beta of 0.98. The business has a 50-day moving average of $34.24 and a two-hundred day moving average of $33.87. Bentley Systems has a fifty-two week low of $28.08 and a fifty-two week high of $57.25. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.59 and a quick ratio of 0.59.

Bentley Systems (NASDAQ:BSY) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.03. Bentley Systems had a return on equity of 28.43% and a net margin of 18.10%.The business had revenue of $410.73 million for the quarter, compared to analyst estimates of $412.12 million. During the same period in the previous year, the company posted $0.32 earnings per share. The firm’s revenue for the quarter was up 12.8% on a year-over-year basis. On average, equities research analysts predict that Bentley Systems will post 1.2 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently commented on BSY shares. BNP Paribas Exane began coverage on shares of Bentley Systems in a research note on Thursday, June 18th. They issued an “outperform” rating and a $40.00 target price on the stock. BMO Capital Markets increased their target price on shares of Bentley Systems from $41.00 to $43.00 and gave the stock an “outperform” rating in a research report on Friday, August 7th. Piper Sandler reissued an “overweight” rating and set a $45.00 price target on shares of Bentley Systems in a report on Friday, August 7th. Weiss Ratings cut shares of Bentley Systems from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday. Finally, Barclays decreased their price objective on shares of Bentley Systems from $49.00 to $40.00 and set an “equal weight” rating on the stock in a research note on Friday, May 29th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $44.38.

Bentley Systems Company Profile

Bentley Systems, Incorporated develops software for professionals and organizations involved in the planning, design, construction and operation of infrastructure. Its solutions support sectors including transportation, water and wastewater, utilities, buildings, industrial facilities, mining and other public and private infrastructure markets.

The company’s product portfolio includes MicroStation for infrastructure design and modeling; ProjectWise for project collaboration and information management; AssetWise for asset performance and operations; OpenRoads and OpenBuildings for specialized design workflows; SYNCHRO for construction management; and the iTwin platform for creating and using digital twins of infrastructure assets.

Founded in 1984 by brothers Keith, Barry and Raymond Bentley, Bentley Systems is headquartered in Exton, Pennsylvania, and serves customers globally.