Bentley Systems, Incorporated (NASDAQ:BSY) Receives $52.70 Average Price Target from Brokerages

Shares of Bentley Systems, Incorporated (NASDAQ:BSY - Get Free Report) have earned an average recommendation of "Moderate Buy" from the ten ratings firms that are presently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $52.70.

Several equities analysts have weighed in on BSY shares. Rosenblatt Securities restated a "buy" rating and set a $62.00 price target on shares of Bentley Systems in a report on Tuesday, February 25th. Piper Sandler cut their target price on shares of Bentley Systems from $65.00 to $57.00 and set an "overweight" rating for the company in a report on Wednesday, January 8th. The Goldman Sachs Group lowered shares of Bentley Systems from a "neutral" rating to a "sell" rating and lowered their price objective for the company from $51.00 to $42.00 in a research report on Friday, February 28th. Oppenheimer upgraded shares of Bentley Systems from a "market perform" rating to an "outperform" rating and set a $49.00 target price on the stock in a research report on Thursday, April 10th. Finally, Robert W. Baird dropped their price target on Bentley Systems from $60.00 to $59.00 and set an "outperform" rating for the company in a research report on Thursday, February 27th.

Bentley Systems Price Performance

Shares of Bentley Systems stock traded down $0.78 during trading on Thursday, reaching $42.41. 1,557,339 shares of the stock traded hands, compared to its average volume of 1,210,107. Bentley Systems has a 52-week low of $36.51 and a 52-week high of $57.19. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.52 and a quick ratio of 0.52. The business has a fifty day simple moving average of $42.63 and a two-hundred day simple moving average of $46.08. The company has a market capitalization of $12.35 billion, a price-to-earnings ratio of 38.21, a P/E/G ratio of 3.52 and a beta of 1.06.

Bentley Systems Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Wednesday, March 19th were paid a $0.07 dividend. This is a positive change from Bentley Systems's previous quarterly dividend of $0.06. The ex-dividend date of this dividend was Wednesday, March 19th. This represents a $0.28 dividend on an annualized basis and a yield of 0.66%. Bentley Systems's dividend payout ratio (DPR) is presently 38.36%.

Insider Transactions at Bentley Systems

In other news, Director Keith A. Bentley sold 1,152 shares of the firm's stock in a transaction that occurred 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 directly owns 16,703,876 shares of the company's stock, valued at approximately $773,890,575.08. This trade represents a 0.01 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 21.12% of the company's stock.

Institutional Inflows and Outflows

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

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.