Bentley Systems, Incorporated (NASDAQ:BSY) Receives Consensus Rating of “Hold” from Analysts

Shares of Bentley Systems, Incorporated (NASDAQ:BSY) have earned a consensus rating of “Hold” from the twelve research firms that are currently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, five have given a hold recommendation and six have given a buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $56.6364.

A number of research analysts have commented on BSY shares. Robert W. Baird set a $64.00 price objective on Bentley Systems and gave the stock an “outperform” rating in a research note on Wednesday, July 30th. KeyCorp boosted their price objective on Bentley Systems from $56.00 to $59.00 and gave the stock an “overweight” rating in a research note on Monday, July 7th. Oppenheimer boosted their price objective on Bentley Systems from $59.00 to $65.00 and gave the stock an “outperform” rating in a research note on Thursday, August 7th. Piper Sandler boosted their price objective on Bentley Systems from $57.00 to $63.00 and gave the stock an “overweight” rating in a research note on Thursday, August 7th. Finally, Rosenblatt Securities cut Bentley Systems from a “buy” rating to a “neutral” rating and boosted their price objective for the stock from $53.00 to $58.00 in a research note on Thursday, August 7th.

Institutional Trading of Bentley Systems

Hedge funds and other institutional investors have recently modified their holdings of the business. Teacher Retirement System of Texas purchased a new stake in shares of Bentley Systems during the first quarter worth about $920,000. Bright Rock Capital Management LLC purchased a new stake in shares of Bentley Systems during the first quarter worth about $1,967,000. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Bentley Systems by 99.0% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,419 shares of the company’s stock worth $56,000 after acquiring an additional 706 shares during the last quarter. Bessemer Group Inc. increased its position in shares of Bentley Systems by 8,187,760.9% during the first quarter. Bessemer Group Inc. now owns 1,883,208 shares of the company’s stock worth $74,086,000 after acquiring an additional 1,883,185 shares during the last quarter. Finally, Cooper Investors PTY Ltd. purchased a new stake in shares of Bentley Systems during the first quarter worth about $4,765,000. 44.16% of the stock is owned by hedge funds and other institutional investors.

Bentley Systems Price Performance

Shares of Bentley Systems stock opened at $50.85 on Thursday. Bentley Systems has a twelve month low of $36.51 and a twelve month high of $59.25. The stock has a market capitalization of $14.85 billion, a P/E ratio of 64.37, a PEG ratio of 3.98 and a beta of 1.07. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 1.07. The business’s fifty day moving average price is $53.31 and its 200 day moving average price is $50.53.

Bentley Systems (NASDAQ:BSY) last issued its earnings results on Wednesday, August 6th. The company reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.29 by $0.03. Bentley Systems had a return on equity of 28.41% and a net margin of 17.91%.The firm had revenue of $364.11 million for the quarter, compared to analysts’ expectations of $363.51 million. During the same quarter last year, the firm earned $0.31 earnings per share. The firm’s revenue for the quarter was up 10.2% compared to the same quarter last year. As a group, research analysts anticipate that Bentley Systems will post 0.88 earnings per share for the current year.

Bentley Systems Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 23rd were given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend was Tuesday, September 23rd. Bentley Systems’s payout ratio is presently 35.44%.

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.