Bentley Systems (NASDAQ:BSY) Announces Quarterly Earnings Results

Bentley Systems (NASDAQ:BSY - Get Free Report) released its earnings results on Wednesday. The company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.05), Zacks reports. Bentley Systems had a net margin of 27.73% and a return on equity of 29.50%. The business had revenue of $349.82 million for the quarter, compared to analysts' expectations of $349.99 million. Bentley Systems updated its FY 2025 guidance to EPS.

Bentley Systems Stock Performance

NASDAQ:BSY traded down $0.14 during trading hours on Friday, reaching $43.90. The company had a trading volume of 2,708,554 shares, compared to its average volume of 1,259,799. 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 has a 52 week low of $42.46 and a 52 week high of $57.19. The firm has a market cap of $12.80 billion, a price-to-earnings ratio of 39.55, a PEG ratio of 3.52 and a beta of 1.03. The firm's 50 day moving average price is $46.46 and its 200-day moving average price is $48.28.

Bentley Systems Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Wednesday, March 19th will be given a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 0.64%. 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. Bentley Systems's payout ratio is 38.36%.

Analyst Ratings Changes

Several brokerages recently weighed in on BSY. The Goldman Sachs Group downgraded shares of Bentley Systems from a "neutral" rating to a "sell" rating and reduced their price target for the company from $51.00 to $42.00 in a research report on Friday. Oppenheimer downgraded shares of Bentley Systems from an "outperform" rating to a "market perform" rating in a research report on Thursday. JPMorgan Chase & Co. began coverage on shares of Bentley Systems in a research report on Monday, December 9th. They set a "neutral" rating and a $52.00 price target for the company. Piper Sandler reduced 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. Finally, Robert W. Baird reduced their price target on shares of Bentley Systems from $60.00 to $59.00 and set an "outperform" rating for the company in a research report on Thursday. One analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Bentley Systems currently has an average rating of "Moderate Buy" and a consensus price target of $56.14.

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Insiders Place Their Bets

In other news, Director Keith A. Bentley sold 1,152 shares of Bentley Systems stock in a transaction on Friday, January 24th. The shares were 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 in the company, valued at $773,890,575.08. This trade represents a 0.01 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 21.12% of the stock is currently owned by insiders.

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.