Brokerages Set Bentley Systems, Incorporated (NASDAQ:BSY) PT at $54.55

Shares of Bentley Systems, Incorporated (NASDAQ:BSY) have been assigned a consensus recommendation of “Moderate Buy” from the twelve research firms that are currently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and seven have issued a buy recommendation on the company. The average 12-month price objective among brokers that have covered the stock in the last year is $54.5455.

BSY has been the subject of a number of research analyst reports. JPMorgan Chase & Co. lowered their price target on Bentley Systems from $56.00 to $51.00 and set a “neutral” rating for the company in a report on Thursday, November 6th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $58.00 target price on shares of Bentley Systems in a report on Thursday, November 6th. Barclays dropped their target price on Bentley Systems from $57.00 to $47.00 and set an “equal weight” rating on the stock in a research report on Monday, January 12th. Piper Sandler cut their price objective on Bentley Systems from $63.00 to $60.00 and set an “overweight” rating for the company in a report on Thursday, November 6th. Finally, Royal Bank Of Canada cut their price objective on Bentley Systems from $65.00 to $48.00 and set an “outperform” rating on the stock in a research report on Monday, January 5th.

Bentley Systems Trading Up 0.2%

Shares of BSY stock opened at $39.14 on Friday. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.61 and a current ratio of 0.61. The stock has a market cap of $11.43 billion, a price-to-earnings ratio of 46.60, a P/E/G ratio of 2.69 and a beta of 1.21. Bentley Systems has a 52-week low of $36.51 and a 52-week high of $59.25. The firm has a fifty day moving average of $40.56 and a 200-day moving average of $49.03.

Bentley Systems (NASDAQ:BSY) last announced its quarterly earnings data on Wednesday, November 5th. The company reported $0.27 EPS for the quarter, meeting analysts’ consensus estimates of $0.27. Bentley Systems had a return on equity of 28.16% and a net margin of 18.45%.The firm had revenue of $375.55 million for the quarter, compared to analyst estimates of $369.57 million. During the same period last year, the company earned $0.24 EPS. The business’s quarterly revenue was up 12.0% compared to the same quarter last year. On average, equities research analysts forecast that Bentley Systems will post 0.88 earnings per share for the current fiscal year.

Bentley Systems Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 11th. Shareholders of record on Thursday, December 4th were given a $0.07 dividend. The ex-dividend date was Thursday, December 4th. This represents a $0.28 annualized dividend and a yield of 0.7%. Bentley Systems’s dividend payout ratio (DPR) is presently 33.33%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in BSY. Geneos Wealth Management Inc. lifted its holdings in shares of Bentley Systems by 1,529.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 668 shares of the company’s stock worth $26,000 after buying an additional 627 shares during the period. Baillie Gifford & Co. acquired a new stake in Bentley Systems during the 3rd quarter worth $28,000. National Pension Service acquired a new position in Bentley Systems in the 3rd quarter valued at about $28,000. Caitong International Asset Management Co. Ltd purchased a new position in shares of Bentley Systems during the 3rd quarter worth approximately $37,000. Finally, Allworth Financial LP grew its stake in shares of Bentley Systems by 37.6% in the second quarter. Allworth Financial LP now owns 702 shares of the company’s stock worth $38,000 after acquiring an additional 192 shares in the last quarter. 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.