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

Bentley Systems, Incorporated (NASDAQ:BSY) has been given an average recommendation of “Moderate Buy” by the eight brokerages that are covering the firm, MarketBeat reports. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $58.43.

A number of research firms have commented on BSY. Rosenblatt Securities reaffirmed a “buy” rating and issued a $62.00 target price on shares of Bentley Systems in a research report on Friday, November 8th. Piper Sandler lifted their price objective on Bentley Systems from $63.00 to $65.00 and gave the stock an “overweight” rating in a report on Friday, November 8th. Finally, JPMorgan Chase & Co. began coverage on Bentley Systems in a report on Monday, December 9th. They issued a “neutral” rating and a $52.00 target price on the stock.

Bentley Systems Trading Down 0.4 %

Shares of NASDAQ:BSY opened at $46.87 on Tuesday. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.52 and a quick ratio of 0.52. Bentley Systems has a 1 year low of $43.82 and a 1 year high of $57.19. The company has a market cap of $13.63 billion, a P/E ratio of 42.23, a PEG ratio of 4.04 and a beta of 1.04. The stock’s fifty day moving average price is $48.34 and its 200-day moving average price is $49.01.

Bentley Systems (NASDAQ:BSY) last announced its quarterly earnings results on Thursday, November 7th. The company reported $0.24 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.24. Bentley Systems had a net margin of 27.73% and a return on equity of 29.50%. The firm had revenue of $335.17 million for the quarter, compared to the consensus estimate of $340.36 million. During the same quarter last year, the firm posted $0.18 EPS. The business’s quarterly revenue was up 9.3% compared to the same quarter last year. Sell-side analysts expect that Bentley Systems will post 0.88 earnings per share for the current year.

Bentley Systems Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Tuesday, December 3rd were given a dividend of $0.06 per share. The ex-dividend date of this dividend was Tuesday, December 3rd. This represents a $0.24 annualized dividend and a yield of 0.51%. Bentley Systems’s dividend payout ratio (DPR) is presently 21.62%.

Insider Buying and Selling at Bentley Systems

In other news, Director Barry J. Bentley sold 50,000 shares of the company’s stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $50.92, for a total value of $2,546,000.00. Following the completion of the transaction, the director now owns 12,148,235 shares of the company’s stock, valued at $618,588,126.20. This represents a 0.41 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Keith A. Bentley sold 69,573 shares of Bentley Systems stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $46.67, for a total value of $3,246,971.91. Following the sale, the director now directly owns 16,705,028 shares in the company, valued at $779,623,656.76. This trade represents a 0.41 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 219,573 shares of company stock valued at $10,712,472. Company insiders own 21.12% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Principal Financial Group Inc. lifted its stake in Bentley Systems by 20.5% in the 3rd quarter. Principal Financial Group Inc. now owns 204,612 shares of the company’s stock worth $10,396,000 after purchasing an additional 34,871 shares in the last quarter. Tidal Investments LLC lifted its position in shares of Bentley Systems by 21.8% in the third quarter. Tidal Investments LLC now owns 7,169 shares of the company’s stock worth $364,000 after buying an additional 1,284 shares in the last quarter. Sanctuary Advisors LLC boosted its stake in Bentley Systems by 5.1% during the third quarter. Sanctuary Advisors LLC now owns 77,380 shares of the company’s stock valued at $3,754,000 after buying an additional 3,732 shares during the last quarter. Anchor Investment Management LLC purchased a new position in Bentley Systems during the 3rd quarter valued at approximately $110,000. Finally, Toronto Dominion Bank increased its stake in Bentley Systems by 30.9% in the 3rd quarter. Toronto Dominion Bank now owns 20,188 shares of the company’s stock worth $1,026,000 after acquiring an additional 4,770 shares during the last quarter. 44.16% of the stock is currently owned by institutional investors.

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.