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

Bentley Systems, Incorporated (NASDAQ:BSY - Get Free Report) has been given an average recommendation of "Moderate Buy" by the eight research firms that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $59.57.

A number of research analysts have weighed in on the stock. Piper Sandler reiterated an "overweight" rating and set a $63.00 price objective on shares of Bentley Systems in a research report on Wednesday, August 7th. Royal Bank of Canada reissued an "outperform" rating and issued a $61.00 price objective on shares of Bentley Systems in a research report on Wednesday, August 7th. The Goldman Sachs Group dropped their target price on Bentley Systems from $57.00 to $50.00 and set a "neutral" rating for the company in a research report on Wednesday, August 7th. Finally, Rosenblatt Securities reaffirmed a "buy" rating and set a $62.00 target price on shares of Bentley Systems in a research note on Monday, September 16th.

Insider Activity

In other Bentley Systems news, Director Raymond B. Bentley sold 91,045 shares of the firm's stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $49.43, for a total transaction of $4,500,354.35. Following the transaction, the director now directly owns 16,598,656 shares in the company, valued at approximately $820,471,566.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Raymond B. Bentley sold 91,045 shares of the company's stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $49.43, for a total value of $4,500,354.35. Following the completion of the sale, the director now directly owns 16,598,656 shares of the company's stock, valued at $820,471,566.08. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Barry J. Bentley sold 50,000 shares of the firm's stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $50.20, for a total transaction of $2,510,000.00. Following the transaction, the director now directly owns 12,298,230 shares in the company, valued at approximately $617,371,146. The disclosure for this sale can be found here. Insiders own 21.12% of the company's stock.

Institutional Trading of Bentley Systems

A number of hedge funds have recently bought and sold shares of BSY. Sanctuary Advisors LLC bought a new stake in Bentley Systems during the second quarter valued at about $3,976,000. Cetera Investment Advisers raised its stake in shares of Bentley Systems by 1.1% during the 2nd quarter. Cetera Investment Advisers now owns 31,449 shares of the company's stock worth $1,552,000 after acquiring an additional 352 shares in the last quarter. Ecofi Investissements SA purchased a new stake in Bentley Systems during the second quarter valued at approximately $4,227,000. Magnolia Capital Advisors LLC boosted its stake in Bentley Systems by 5.4% in the second quarter. Magnolia Capital Advisors LLC now owns 4,895 shares of the company's stock valued at $242,000 after acquiring an additional 249 shares in the last quarter. Finally, Creative Planning increased its position in shares of Bentley Systems by 67.9% during the second quarter. Creative Planning now owns 1,091,058 shares of the company's stock worth $53,855,000 after purchasing an additional 441,316 shares in the last quarter. Hedge funds and other institutional investors own 44.16% of the company's stock.

Bentley Systems Stock Up 0.4 %

Shares of NASDAQ:BSY opened at $50.84 on Friday. The company has a 50-day moving average price of $49.27 and a 200 day moving average price of $50.59. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 1.36. Bentley Systems has a 12 month low of $43.82 and a 12 month high of $57.19. The company has a market cap of $14.67 billion, a price-to-earnings ratio of 47.51, a PEG ratio of 4.19 and a beta of 1.03.

Bentley Systems (NASDAQ:BSY - Get Free Report) last announced its earnings results on Tuesday, August 6th. The company reported $0.31 EPS for the quarter, topping analysts' consensus estimates of $0.23 by $0.08. Bentley Systems had a return on equity of 31.71% and a net margin of 29.17%. The firm had revenue of $330.34 million during the quarter, compared to analysts' expectations of $325.20 million. During the same quarter in the previous year, the business earned $0.20 EPS. The company's quarterly revenue was up 11.3% on a year-over-year basis. As a group, equities research analysts predict that Bentley Systems will post 0.9 earnings per share for the current year.

Bentley Systems Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 26th. Stockholders of record on Tuesday, September 17th were given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.47%. The ex-dividend date of this dividend was Tuesday, September 17th. Bentley Systems's dividend payout ratio (DPR) is presently 22.43%.

About Bentley Systems

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.