Bentley Systems, Incorporated (NASDAQ:BSY) Receives Consensus Recommendation of "Moderate Buy" from Brokerages

Bentley Systems, Incorporated (NASDAQ:BSY - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the nine research firms that are currently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $56.14.

Several equities research analysts have commented on BSY shares. Robert W. Baird dropped their price target on shares of Bentley Systems from $60.00 to $59.00 and set an "outperform" rating on the stock in a research report on Thursday, February 27th. Oppenheimer downgraded Bentley Systems from an "outperform" rating to a "market perform" rating in a research report on Thursday, February 27th. Rosenblatt Securities reaffirmed a "buy" rating and set a $62.00 target price on shares of Bentley Systems in a research report on Tuesday, February 25th. The Goldman Sachs Group downgraded Bentley Systems from a "neutral" rating to a "sell" rating and cut their price objective for the stock from $51.00 to $42.00 in a report on Friday, February 28th. Finally, Piper Sandler decreased their target price on shares of Bentley Systems from $65.00 to $57.00 and set an "overweight" rating for the company in a report on Wednesday, January 8th.

Insiders Place Their Bets

In other Bentley Systems news, Director Keith A. Bentley sold 1,152 shares of the company's stock in a transaction dated Friday, January 24th. The stock was sold at an average price of $46.33, for a total value of $53,372.16. Following the transaction, the director now directly 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 document filed with the SEC, which is available at this hyperlink. Insiders own 21.12% of the company's stock.

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Institutional Investors Weigh In On Bentley Systems

Large investors have recently made changes to their positions in the company. Point72 Hong Kong Ltd acquired a new stake in Bentley Systems in the third quarter valued at approximately $30,000. Private Trust Co. NA lifted its stake in shares of Bentley Systems by 61.1% in the 4th quarter. Private Trust Co. NA now owns 997 shares of the company's stock valued at $47,000 after purchasing an additional 378 shares during the last quarter. Tobam bought a new stake in Bentley Systems in the fourth quarter worth $55,000. Atala Financial Inc acquired a new position in Bentley Systems during the fourth quarter worth $55,000. Finally, Ameriflex Group Inc. bought a new position in Bentley Systems during the fourth quarter valued at about $75,000. Institutional investors own 44.16% of the company's stock.

Bentley Systems Price Performance

Shares of NASDAQ:BSY traded up $0.31 during trading on Friday, reaching $42.19. The company had a trading volume of 880,831 shares, compared to its average volume of 1,200,929. Bentley Systems has a twelve month low of $39.98 and a twelve month high of $57.19. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.52 and a current ratio of 0.52. The firm has a market capitalization of $12.30 billion, a PE ratio of 38.01, a price-to-earnings-growth ratio of 3.52 and a beta of 1.04. The firm's fifty day moving average is $44.77 and its 200 day moving average is $47.31.

Bentley Systems Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Wednesday, March 19th will be given a dividend of $0.07 per share. The ex-dividend date of this dividend is Wednesday, March 19th. This is an increase from Bentley Systems's previous quarterly dividend of $0.06. This represents a $0.28 dividend on an annualized basis and a yield of 0.66%. Bentley Systems's payout ratio is presently 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.