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

Shares of Bentley Systems, Incorporated (NASDAQ:BSY - Get Free Report) have earned an average rating of "Moderate Buy" from the eight brokerages that are presently covering the company, MarketBeat reports. Two analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $57.29.

A number of equities research analysts recently commented on BSY shares. Rosenblatt Securities restated a "buy" rating and set a $62.00 price objective on shares of Bentley Systems in a report on Friday, November 8th. JPMorgan Chase & Co. initiated coverage on Bentley Systems in a research note on Monday, December 9th. They issued a "neutral" rating and a $52.00 price target on the stock. Finally, Piper Sandler reduced their price objective on Bentley Systems from $65.00 to $57.00 and set an "overweight" rating for the company in a research report on Wednesday, January 8th.

Insider Activity at Bentley Systems

In other Bentley Systems news, Director Keith A. Bentley sold 69,573 shares of the stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $46.67, for a total value of $3,246,971.91. Following the completion of the sale, the director now owns 16,705,028 shares in the company, valued at $779,623,656.76. This trade represents a 0.41 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 21.12% of the company's stock.

Institutional Investors Weigh In On Bentley Systems

Institutional investors and hedge funds have recently modified their holdings of the company. International Assets Investment Management LLC bought a new position in Bentley Systems during the third quarter worth about $59,400,000. Principal Financial Group Inc. boosted its stake in shares of Bentley Systems by 20.5% during the 3rd quarter. Principal Financial Group Inc. now owns 204,612 shares of the company's stock worth $10,396,000 after acquiring an additional 34,871 shares during the period. Bar Harbor Wealth Management acquired a new position in shares of Bentley Systems during the 4th quarter worth approximately $8,413,000. Needham Investment Management LLC bought a new stake in Bentley Systems in the 3rd quarter valued at $2,134,000. Finally, Mirabella Financial Services LLP lifted its holdings in Bentley Systems by 1,155.0% during the 3rd quarter. Mirabella Financial Services LLP now owns 100,800 shares of the company's stock valued at $5,018,000 after purchasing an additional 92,768 shares during the last quarter. 44.16% of the stock is owned by institutional investors.

Bentley Systems Trading Up 1.8 %

BSY stock traded up $0.84 during midday trading on Friday, hitting $46.70. 954,558 shares of the company's stock were exchanged, compared to its average volume of 1,217,116. Bentley Systems has a one year low of $43.82 and a one year 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 company has a market cap of $13.58 billion, a PE ratio of 42.07, a price-to-earnings-growth ratio of 3.48 and a beta of 1.03. The stock's fifty day moving average price is $47.38 and its 200-day moving average price is $48.54.

Bentley Systems (NASDAQ:BSY - Get Free Report) last issued its quarterly earnings data on Thursday, November 7th. The company reported $0.24 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.24. Bentley Systems had a return on equity of 29.50% and a net margin of 27.73%. The business had revenue of $335.17 million during the quarter, compared to analyst estimates of $340.36 million. During the same period in the previous year, the firm earned $0.18 EPS. Bentley Systems's quarterly revenue was up 9.3% compared to the same quarter last year. Research analysts predict that Bentley Systems will post 0.88 earnings per share for the current fiscal year.

Bentley Systems Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Tuesday, December 3rd were issued a dividend of $0.06 per share. The ex-dividend date was Tuesday, December 3rd. This represents a $0.24 annualized dividend and a yield of 0.51%. Bentley Systems's payout ratio is presently 21.62%.

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.