Bentley Systems (NASDAQ:BSY) Price Target Lowered to $50.00 at Mizuho

Bentley Systems (NASDAQ:BSY - Free Report) had its price objective cut by Mizuho from $60.00 to $50.00 in a report published on Tuesday morning, Marketbeat Ratings reports. They currently have an outperform rating on the stock.

Other analysts also recently issued research reports about the company. UBS Group began coverage on Bentley Systems in a research report on Monday, March 31st. They issued a "neutral" rating and a $48.00 target price for the company. Oppenheimer raised shares of Bentley Systems from a "market perform" rating to an "outperform" rating and set a $49.00 price objective for the company in a research note on Thursday, April 10th. Piper Sandler cut their price target on shares of Bentley Systems from $65.00 to $57.00 and set an "overweight" rating for the company in a research report on Wednesday, January 8th. JPMorgan Chase & Co. decreased their price objective on Bentley Systems from $52.00 to $45.00 and set a "neutral" rating on the stock in a report on Wednesday, April 9th. Finally, The Goldman Sachs Group lowered Bentley Systems from a "neutral" rating to a "sell" rating and reduced their price target for the stock from $51.00 to $42.00 in a research report on Friday, February 28th. One research analyst has rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $52.70.

Bentley Systems Price Performance

Shares of NASDAQ BSY traded down $0.17 during mid-day trading on Tuesday, reaching $43.19. 1,926,511 shares of the company were exchanged, compared to its average volume of 1,221,141. The stock has a market capitalization of $12.59 billion, a PE ratio of 38.91, a PEG ratio of 3.52 and a beta of 1.06. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 1.37. Bentley Systems has a 52 week low of $36.51 and a 52 week high of $57.19. The company's 50 day moving average price is $42.77 and its 200 day moving average price is $46.22.

Bentley Systems Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Wednesday, March 19th were paid a $0.07 dividend. 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 0.65%. The ex-dividend date was Wednesday, March 19th. Bentley Systems's dividend payout ratio is presently 38.36%.

Insider Buying and Selling at Bentley Systems

In related 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 value of $53,372.16. Following the sale, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 21.12% of the company's stock.

Institutional Trading of Bentley Systems

A number of hedge funds and other institutional investors have recently modified their holdings of BSY. City Holding Co. bought a new stake in shares of Bentley Systems in the 1st quarter worth approximately $26,000. Fifth Third Bancorp grew its stake in shares of Bentley Systems by 106.6% in the first quarter. Fifth Third Bancorp now owns 843 shares of the company's stock worth $33,000 after acquiring an additional 435 shares during the last quarter. Private Trust Co. NA increased its holdings in shares of Bentley Systems by 61.1% during the fourth quarter. Private Trust Co. NA now owns 997 shares of the company's stock valued at $47,000 after acquiring an additional 378 shares in the last quarter. Tobam purchased a new position in shares of Bentley Systems in the 4th quarter worth about $55,000. Finally, Atala Financial Inc bought a new position in Bentley Systems in the 4th quarter worth about $55,000. 44.16% of the stock is owned by hedge funds and other institutional investors.

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.