Bentley Systems (NASDAQ:BSY) Stock Rating Upgraded by Zacks Research

Bentley Systems (NASDAQ:BSY) was upgraded by equities researchers at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued on Wednesday,Zacks.com reports.

BSY has been the subject of several other research reports. Mizuho decreased their price target on Bentley Systems from $62.00 to $50.00 and set an “outperform” rating for the company in a report on Friday, February 27th. Rosenblatt Securities decreased their price target on Bentley Systems from $58.00 to $50.00 and set a “buy” rating for the company in a report on Tuesday, February 24th. Oppenheimer decreased their price target on Bentley Systems from $53.00 to $43.00 and set an “outperform” rating for the company in a report on Friday, February 27th. BMO Capital Markets reiterated an “outperform” rating on shares of Bentley Systems in a report on Monday, March 2nd. Finally, UBS Group cut their price objective on Bentley Systems from $60.00 to $40.00 and set a “neutral” rating on the stock in a research report on Monday, February 23rd. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $48.50.

Bentley Systems Trading Down 7.3%

NASDAQ BSY opened at $32.65 on Wednesday. The company has a market cap of $9.52 billion, a price-to-earnings ratio of 37.97, a P/E/G ratio of 2.36 and a beta of 1.16. Bentley Systems has a 52 week low of $30.83 and a 52 week high of $59.25. The business has a 50 day moving average price of $35.69 and a 200-day moving average price of $40.05. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 1.05.

Bentley Systems (NASDAQ:BSY) last released its quarterly earnings data on Thursday, February 26th. The company reported $0.27 EPS for the quarter, meeting the consensus estimate of $0.27. The firm had revenue of $391.58 million during the quarter, compared to the consensus estimate of $381.79 million. Bentley Systems had a return on equity of 28.82% and a net margin of 18.50%.The company’s quarterly revenue was up 11.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.21 earnings per share. As a group, equities analysts expect that Bentley Systems will post 1.23 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Shell Asset Management Co. lifted its position in shares of Bentley Systems by 4.8% during the 3rd quarter. Shell Asset Management Co. now owns 5,421 shares of the company’s stock valued at $279,000 after buying an additional 246 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in shares of Bentley Systems by 2.3% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 11,203 shares of the company’s stock valued at $589,000 after buying an additional 247 shares during the last quarter. BLB&B Advisors LLC lifted its position in shares of Bentley Systems by 0.5% during the 3rd quarter. BLB&B Advisors LLC now owns 52,361 shares of the company’s stock valued at $2,696,000 after buying an additional 261 shares during the last quarter. Lansforsakringar Fondforvaltning AB publ lifted its position in shares of Bentley Systems by 0.6% during the 3rd quarter. Lansforsakringar Fondforvaltning AB publ now owns 49,722 shares of the company’s stock valued at $2,560,000 after buying an additional 275 shares during the last quarter. Finally, World Investment Advisors lifted its position in shares of Bentley Systems by 6.5% during the 3rd quarter. World Investment Advisors now owns 4,742 shares of the company’s stock valued at $244,000 after buying an additional 291 shares during the last quarter. Hedge funds and other institutional investors own 44.16% of the company’s stock.

Bentley Systems Company Profile

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.