Analysts Set Bentley Systems, Incorporated (NASDAQ:BSY) Target Price at $45.00

Bentley Systems, Incorporated (NASDAQ:BSY) has received a consensus recommendation of “Moderate Buy” from the fourteen research firms that are presently covering the stock, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $45.00.

Several equities research analysts recently issued reports on BSY shares. BNP Paribas Exane started coverage on shares of Bentley Systems in a research note on Thursday, June 18th. They set an “outperform” rating and a $40.00 price target on the stock. Piper Sandler reissued an “overweight” rating and issued a $45.00 price target on shares of Bentley Systems in a report on Friday, August 7th. Rosenblatt Securities restated a “buy” rating and set a $50.00 price objective on shares of Bentley Systems in a research note on Monday, August 10th. Barclays dropped their price objective on Bentley Systems from $49.00 to $40.00 and set an “equal weight” rating on the stock in a report on Friday, May 29th. Finally, Weiss Ratings raised Bentley Systems from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, August 27th.

Institutional Trading of Bentley Systems

Several institutional investors and hedge funds have recently bought and sold shares of BSY. Los Angeles Capital Management LLC bought a new position in Bentley Systems during the fourth quarter worth $25,000. Geneos Wealth Management Inc. grew its position in shares of Bentley Systems by 1,529.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 668 shares of the company’s stock valued at $26,000 after buying an additional 627 shares during the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in Bentley Systems during the third quarter worth about $37,000. IFP Advisors Inc raised its position in shares of Bentley Systems by 174.5% during the 3rd quarter. IFP Advisors Inc now owns 763 shares of the company’s stock worth $39,000 after purchasing an additional 485 shares during the period. Finally, Physician Wealth Advisors Inc. raised its position in shares of Bentley Systems by 80.2% during the 1st quarter. Physician Wealth Advisors Inc. now owns 791 shares of the company’s stock worth $28,000 after purchasing an additional 352 shares during the period. Institutional investors and hedge funds own 44.16% of the company’s stock.

Bentley Systems Stock Down 5.3%

Shares of NASDAQ BSY opened at $33.71 on Monday. The stock has a fifty day moving average price of $34.16 and a 200 day moving average price of $34.02. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 1.01. Bentley Systems has a 12-month low of $28.08 and a 12-month high of $57.25. The company has a market cap of $9.80 billion, a P/E ratio of 37.04, a P/E/G ratio of 2.25 and a beta of 0.98.

Bentley Systems (NASDAQ:BSY) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.32 by $0.03. The firm had revenue of $410.73 million for the quarter, compared to analyst estimates of $412.12 million. Bentley Systems had a return on equity of 28.43% and a net margin of 18.10%.Bentley Systems’s revenue for the quarter was up 12.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.32 EPS. Research analysts anticipate that Bentley Systems will post 1.19 EPS for the current fiscal year.

About Bentley Systems

Bentley Systems, Inc is a global software provider specializing in infrastructure engineering applications for the design, construction, and operations of roads, bridges, rail and transit systems, water and wastewater networks, power plants and grids, industrial facilities, and communications infrastructure. Founded in 1984 by brothers Keith and Barry Bentley, the company is headquartered in Exton, Pennsylvania, and maintains offices and development centers across North America, Europe, Asia, and Australia.