Bentley Systems (NASDAQ:BSY) Stock Price Target Raised at Rosenblatt Securities

Bentley Systems (NASDAQ:BSY) had its price objective boosted by Rosenblatt Securities from $50.00 to $53.00 in a research note issued to investors on Friday morning,Benzinga reports. Rosenblatt Securities currently has a buy rating on the stock.

Several other equities research analysts have also commented on BSY. Oppenheimer upped their price target on Bentley Systems from $43.00 to $52.00 and gave the stock an “outperform” rating in a research note on Friday. BMO Capital Markets lifted their price objective on Bentley Systems from $41.00 to $43.00 and gave the company an “outperform” rating in a research note on Friday, August 7th. Piper Sandler reiterated an “overweight” rating and set a $45.00 target price on shares of Bentley Systems in a report on Friday, August 7th. Cantor Fitzgerald increased their target price on shares of Bentley Systems from $37.00 to $42.00 and gave the stock an “overweight” rating in a research report on Friday, October 16th. Finally, Weiss Ratings raised shares of Bentley Systems from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, October 19th. Nine research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $46.67.

Bentley Systems Trading Down 0.6%

BSY stock traded down $0.29 on Friday, hitting $44.65. 5,012,172 shares of the company were exchanged, compared to its average volume of 2,413,458. Bentley Systems has a twelve month low of $28.08 and a twelve month high of $48.17. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.59 and a quick ratio of 0.59. The business’s fifty day moving average is $35.61 and its two-hundred day moving average is $34.51. The stock has a market capitalization of $12.97 billion, a price-to-earnings ratio of 43.77, a price-to-earnings-growth ratio of 2.64 and a beta of 0.98.

Bentley Systems (NASDAQ:BSY) last announced its quarterly earnings results on Thursday, November 5th. The company reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.03. The company had revenue of $421.51 million for the quarter, compared to analyst estimates of $420.69 million. Bentley Systems had a net margin of 18.10% and a return on equity of 28.43%. Bentley Systems’s revenue for the quarter was up 12.2% on a year-over-year basis. During the same quarter last year, the business earned $0.27 EPS. As a group, research analysts forecast that Bentley Systems will post 1.21 earnings per share for the current year.

Bentley Systems Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 29th. Investors of record on Tuesday, September 22nd were issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend was Tuesday, September 22nd. Bentley Systems’s dividend payout ratio (DPR) is presently 30.77%.

Insider Transactions at Bentley Systems

In other Bentley Systems news, Director Raymond Bentley sold 344,203 shares of the company’s stock in a transaction dated Friday, October 30th. The shares were sold at an average price of $40.24, for a total value of $13,850,728.72. Following the completion of the transaction, the director directly owned 14,316,404 shares of the company’s stock, valued at $576,092,096.96. This represents a 2.35% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 500,000 shares of company stock worth $20,089,565. Insiders own 20.27% of the company’s stock.

Institutional Investors Weigh In On Bentley Systems

Hedge funds have recently bought and sold shares of the business. Arrowstreet Capital Limited Partnership increased its position in shares of Bentley Systems by 253.6% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 4,781,449 shares of the company’s stock worth $167,924,000 after purchasing an additional 3,429,087 shares during the last quarter. Bank of New York Mellon Corp acquired a new stake in Bentley Systems during the second quarter valued at approximately $78,738,000. Madison Asset Management LLC acquired a new stake in Bentley Systems during the second quarter valued at approximately $40,807,000. Pictet Asset Management Holding SA grew its position in shares of Bentley Systems by 19.9% in the 3rd quarter. Pictet Asset Management Holding SA now owns 5,235,307 shares of the company’s stock worth $167,260,000 after acquiring an additional 867,821 shares in the last quarter. Finally, Bessemer Group Inc. grew its position in shares of Bentley Systems by 36.2% in the 1st quarter. Bessemer Group Inc. now owns 2,600,241 shares of the company’s stock worth $91,320,000 after acquiring an additional 691,806 shares in the last quarter. Institutional investors and hedge funds own 44.16% of the company’s stock.

Key Stories Impacting Bentley Systems

Here are the key news stories impacting Bentley Systems this week:

• Positive Sentiment: Q3 results topped expectations and growth remained strong. Bentley reported adjusted earnings of $0.36 per share versus estimates of about $0.33–$0.34, while revenue of $421.5 million edged past forecasts and rose 12.2% year over year. The company also raised its annual recurring revenue outlook, supporting expectations for continued growth. Bentley Systems reports revenue growth and raises ARR outlook
• Positive Sentiment: Several analysts raised price targets. Oppenheimer lifted its target to $52 and kept an Outperform rating; RBC raised its target to $52 with an Outperform rating; Cantor Fitzgerald set a $55 target and Overweight rating; and Rosenblatt raised its target to $53 with a Buy rating. These revisions signal improved analyst expectations, though targets are not guarantees. Oppenheimer price target update RBC price target update Cantor Fitzgerald price target update Rosenblatt price target update
• Neutral Sentiment: UBS raised its target but stayed Neutral. UBS moved its target to $50 from $40, while maintaining a Neutral rating—an upward valuation revision tempered by a lack of stronger conviction. UBS price target update
• Negative Sentiment: An insider sale may weigh on sentiment. Raymond Bentley reportedly sold 344,203 shares. The report does not establish the reason for the sale, so it is not necessarily a signal about the company’s outlook. Insider share sale report

Bentley Systems Company Profile

Bentley Systems, Incorporated is a software company that develops solutions for the design, construction, and operation of infrastructure. Its customers include engineers, architects, geospatial professionals, construction firms, and infrastructure owner-operators in sectors such as transportation, water, utilities, industrial facilities, and buildings.

The company’s product portfolio includes MicroStation for infrastructure design, ProjectWise for project collaboration, AssetWise for asset performance and operations, and SYNCHRO for construction management.