Bentley Systems, Incorporated (NASDAQ:BSY) Given Average Recommendation of "Moderate Buy" by Analysts

Shares of Bentley Systems, Incorporated (NASDAQ:BSY - Get Free Report) have received an average recommendation of "Moderate Buy" from the ten ratings firms that are currently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and seven have issued a buy recommendation on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $52.70.

A number of research analysts have issued reports on the company. Mizuho decreased their target price on Bentley Systems from $60.00 to $50.00 and set an "outperform" rating for the company in a research note on Tuesday. Piper Sandler lowered their target price on Bentley Systems from $65.00 to $57.00 and set an "overweight" rating for the company in a research note on Wednesday, January 8th. Oppenheimer raised Bentley Systems from a "market perform" rating to an "outperform" rating and set a $49.00 price target on the stock in a research note on Thursday, April 10th. KeyCorp decreased their price objective on Bentley Systems from $63.00 to $54.00 and set an "overweight" rating for the company in a report on Wednesday. Finally, The Goldman Sachs Group lowered Bentley Systems from a "neutral" rating to a "sell" rating and lowered their price target for the stock from $51.00 to $42.00 in a research report on Friday, February 28th.

Insider Buying and Selling

In other news, Director Keith A. Bentley sold 1,152 shares of the company's stock in a transaction on Friday, January 24th. The stock was sold at an average price of $46.33, for a total transaction of $53,372.16. Following the transaction, the director now owns 16,703,876 shares of the company's stock, valued at $773,890,575.08. This represents a 0.01 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 21.12% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Bentley Systems

Hedge funds and other institutional investors have recently modified their holdings of the stock. MML Investors Services LLC raised its holdings in shares of Bentley Systems by 2.8% in the 3rd quarter. MML Investors Services LLC now owns 26,991 shares of the company's stock valued at $1,371,000 after acquiring an additional 741 shares in the last quarter. Anchor Investment Management LLC bought a new stake in Bentley Systems during the third quarter valued at approximately $110,000. Tidal Investments LLC grew its stake in Bentley Systems by 21.8% in the 3rd quarter. Tidal Investments LLC now owns 7,169 shares of the company's stock worth $364,000 after buying an additional 1,284 shares in the last quarter. Principal Financial Group Inc. increased its holdings in shares of Bentley Systems by 20.5% in the 3rd quarter. Principal Financial Group Inc. now owns 204,612 shares of the company's stock worth $10,396,000 after buying an additional 34,871 shares during the last quarter. Finally, Bar Harbor Wealth Management bought a new stake in shares of Bentley Systems during the 4th quarter worth $8,413,000. 44.16% of the stock is currently owned by institutional investors.

Bentley Systems Trading Down 0.4 %

Shares of NASDAQ:BSY traded down $0.17 during trading on Thursday, hitting $43.19. 1,926,511 shares of the company's stock were exchanged, compared to its average volume of 1,221,141. The firm has a 50-day moving average price of $42.70 and a two-hundred day moving average price of $46.17. Bentley Systems has a 1-year low of $36.51 and a 1-year high of $57.19. The firm has a market cap of $12.59 billion, a P/E ratio of 38.91, a PEG ratio of 3.52 and a beta of 1.06. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 1.37.

Bentley Systems Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Wednesday, March 19th were issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 0.65%. This is an increase from Bentley Systems's previous quarterly dividend of $0.06. The ex-dividend date was Wednesday, March 19th. Bentley Systems's payout ratio is currently 38.36%.

Bentley Systems Company Profile

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.