Bentley Systems (NASDAQ:BSY) Coverage Initiated at UBS Group

UBS Group started coverage on shares of Bentley Systems (NASDAQ:BSY) in a research report report published on Monday morning, MarketBeat.com reports. The brokerage issued a neutral rating and a $48.00 target price on the stock.

Other equities research analysts have also recently issued reports about the company. The Goldman Sachs Group cut Bentley Systems from a “neutral” rating to a “sell” rating and lowered their target price for the stock from $51.00 to $42.00 in a research note on Friday, February 28th. Oppenheimer downgraded shares of Bentley Systems from an “outperform” rating to a “market perform” rating in a research report on Thursday, February 27th. Piper Sandler lowered their price target on shares of Bentley Systems from $65.00 to $57.00 and set an “overweight” rating on the stock in a report on Wednesday, January 8th. Robert W. Baird reduced their price objective on Bentley Systems from $60.00 to $59.00 and set an “outperform” rating for the company in a report on Thursday, February 27th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $62.00 price target on shares of Bentley Systems in a research report on Tuesday, February 25th. One analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $55.13.

Bentley Systems Stock Performance

Shares of BSY opened at $39.34 on Monday. The stock has a 50 day moving average of $44.34 and a 200 day moving average of $47.09. The company has a market capitalization of $11.47 billion, a price-to-earnings ratio of 35.44, a PEG ratio of 3.52 and a beta of 1.04. Bentley Systems has a 12 month low of $38.66 and a 12 month high of $57.19. 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 Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Wednesday, March 19th were paid a dividend of $0.07 per share. This is a positive change from Bentley Systems’s previous quarterly dividend of $0.06. The ex-dividend date was Wednesday, March 19th. This represents a $0.28 annualized dividend and a yield of 0.71%. Bentley Systems’s dividend payout ratio (DPR) is currently 38.36%.

Insiders Place Their Bets

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Point72 Hong Kong Ltd bought a new stake in Bentley Systems during the third quarter worth about $30,000. Private Trust Co. NA lifted its position in Bentley Systems by 61.1% in the 4th quarter. Private Trust Co. NA now owns 997 shares of the company’s stock worth $47,000 after buying an additional 378 shares during the last quarter. Tobam purchased a new stake in Bentley Systems in the fourth quarter worth approximately $55,000. Atala Financial Inc bought a new position in Bentley Systems during the fourth quarter valued at approximately $55,000. Finally, Ameriflex Group Inc. purchased a new position in shares of Bentley Systems during the fourth quarter worth approximately $75,000. 44.16% of the stock is currently owned by hedge funds and other institutional investors.

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.