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

Shares of Bentley Systems, Incorporated (NASDAQ:BSY) have been given an average recommendation of “Moderate Buy” by the eight analysts that are currently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average twelve-month target price among analysts that have covered the stock in the last year is $57.29.

A number of brokerages have weighed in on BSY. Piper Sandler lowered their price objective on Bentley Systems from $65.00 to $57.00 and set an “overweight” rating for the company in a research note on Wednesday, January 8th. Rosenblatt Securities reissued a “buy” rating and set a $62.00 price target on shares of Bentley Systems in a research report on Friday, November 8th. Finally, JPMorgan Chase & Co. started coverage on shares of Bentley Systems in a report on Monday, December 9th. They issued a “neutral” rating and a $52.00 price target on the stock.

Insider Transactions at Bentley Systems

In other Bentley Systems news, Director Keith A. Bentley sold 1,152 shares of the stock in a transaction on Friday, January 24th. The stock was sold at an average price of $46.33, for a total value of $53,372.16. Following the sale, the director now directly owns 16,703,876 shares of the company’s stock, valued at $773,890,575.08. This trade represents a 0.01 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 21.12% of the company’s stock.

Hedge Funds Weigh In On Bentley Systems

Institutional investors have recently modified their holdings of the company. Point72 Hong Kong Ltd acquired a new position in Bentley Systems during the 3rd quarter valued at about $30,000. Central Pacific Bank Trust Division raised its holdings in shares of Bentley Systems by 57.1% during the third quarter. Central Pacific Bank Trust Division now owns 759 shares of the company’s stock valued at $39,000 after buying an additional 276 shares during the last quarter. Tobam acquired a new position in shares of Bentley Systems during the fourth quarter worth approximately $55,000. Livforsakringsbolaget Skandia Omsesidigt boosted its position in shares of Bentley Systems by 500.0% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,200 shares of the company’s stock worth $61,000 after buying an additional 1,000 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. grew its holdings in Bentley Systems by 71.8% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 2,105 shares of the company’s stock worth $107,000 after buying an additional 880 shares in the last quarter. Institutional investors own 44.16% of the company’s stock.

Bentley Systems Trading Up 1.4 %

NASDAQ BSY opened at $46.55 on Friday. The stock has a market cap of $13.53 billion, a P/E ratio of 41.94, a PEG ratio of 3.41 and a beta of 1.04. The company’s fifty day simple moving average is $47.49 and its 200-day simple moving average is $48.60. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 1.37. Bentley Systems has a 52 week low of $43.82 and a 52 week high of $57.19.

Bentley Systems (NASDAQ:BSY) last issued its quarterly earnings data on Thursday, November 7th. The company reported $0.24 EPS for the quarter, hitting analysts’ consensus estimates of $0.24. The firm had revenue of $335.17 million for the quarter, compared to analyst estimates of $340.36 million. Bentley Systems had a net margin of 27.73% and a return on equity of 29.50%. The firm’s revenue was up 9.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.18 EPS. Equities research analysts predict that Bentley Systems will post 0.88 EPS for the current fiscal year.

Bentley Systems Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Tuesday, December 3rd were paid a dividend of $0.06 per share. The ex-dividend date was Tuesday, December 3rd. This represents a $0.24 annualized dividend and a yield of 0.52%. Bentley Systems’s payout ratio is 21.62%.

About Bentley Systems

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.