Bentley Systems, Incorporated Declares Quarterly Dividend of $0.07 (NASDAQ:BSY)

Key Points

• Bentley Systems, Incorporated has declared a quarterly dividend of $0.07 per share, payable on September 30th to stockholders of record as of September 23rd, which translates to an annualized yield of 0.5%.
• The company has a current payout ratio of 21.1%, indicating its dividend is well-supported by earnings, with anticipated earnings of $1.01 per share for the next year.
• Bentley Systems' shares recently traded down 1.0% to $52.94, with a market cap of $15.46 billion and analysts' average price target set at $56.60.

Bentley Systems, Incorporated (NASDAQ:BSY - Get Free Report) announced a quarterly dividend on Friday, September 12th, RTT News reports. Stockholders of record on Tuesday, September 23rd will be paid a dividend of 0.07 per share on Tuesday, September 30th. This represents a c) dividend on an annualized basis and a dividend yield of 0.5%.

Bentley Systems has a payout ratio of 21.1% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Bentley Systems to earn $1.01 per share next year, which means the company should continue to be able to cover its $0.28 annual dividend with an expected future payout ratio of 27.7%.

Bentley Systems Trading Down 1.0%

Shares of NASDAQ BSY traded down $0.52 during trading on Friday, reaching $52.94. The stock had a trading volume of 862,542 shares, compared to its average volume of 1,502,309. Bentley Systems has a fifty-two week low of $36.51 and a fifty-two week high of $59.25. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.51 and a current ratio of 0.51. The business's 50-day moving average price is $55.38 and its 200-day moving average price is $48.90. The company has a market cap of $15.46 billion, a P/E ratio of 67.01, a PEG ratio of 4.31 and a beta of 1.09.

Bentley Systems (NASDAQ:BSY - Get Free Report) last released its earnings results on Wednesday, August 6th. The company reported $0.32 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.29 by $0.03. The firm had revenue of $364.11 million during the quarter, compared to analyst estimates of $363.51 million. Bentley Systems had a return on equity of 28.41% and a net margin of 17.91%.Bentley Systems's revenue was up 10.2% compared to the same quarter last year. During the same period last year, the business posted $0.31 earnings per share. On average, equities research analysts predict that Bentley Systems will post 0.88 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on BSY shares. Oppenheimer lifted their target price on Bentley Systems from $59.00 to $65.00 and gave the company an "outperform" rating in a report on Thursday, August 7th. UBS Group lifted their target price on Bentley Systems from $53.00 to $60.00 and gave the company a "neutral" rating in a report on Thursday, August 7th. Robert W. Baird set a $64.00 target price on Bentley Systems and gave the company an "outperform" rating in a report on Wednesday, July 30th. Wall Street Zen lowered Bentley Systems from a "buy" rating to a "hold" rating in a report on Wednesday, July 16th. Finally, The Goldman Sachs Group lifted their target price on Bentley Systems from $42.00 to $47.00 and gave the company a "sell" rating in a report on Thursday, August 7th. Six equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $56.60.

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.

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