Bentley Systems, Incorporated (NASDAQ:BSY) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Bentley Systems, Incorporated (NASDAQ:BSY - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the ten ratings firms that are covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $52.00.

BSY has been the topic of several analyst reports. Mizuho lowered their price target on shares of Bentley Systems from $60.00 to $50.00 and set an "outperform" rating on the stock in a report on Tuesday, April 15th. KeyCorp raised their price objective on shares of Bentley Systems from $54.00 to $56.00 and gave the company an "overweight" rating in a research report on Thursday, May 8th. Rosenblatt Securities dropped their target price on shares of Bentley Systems from $62.00 to $53.00 and set a "buy" rating for the company in a report on Monday, May 5th. Royal Bank Of Canada increased their price target on Bentley Systems from $53.00 to $55.00 and gave the stock an "outperform" rating in a research note on Thursday, May 8th. Finally, Oppenheimer raised their price target on Bentley Systems from $49.00 to $50.00 and gave the company an "outperform" rating in a report on Thursday, May 8th.

Bentley Systems Stock Performance

Bentley Systems stock traded down $0.28 during trading on Tuesday, reaching $53.69. The company had a trading volume of 2,202,999 shares, compared to its average volume of 1,228,596. The firm has a market capitalization of $15.67 billion, a price-to-earnings ratio of 67.96, a price-to-earnings-growth ratio of 4.42 and a beta of 1.07. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 1.13. The firm's 50-day simple moving average is $47.78 and its 200 day simple moving average is $45.66. Bentley Systems has a 52 week low of $36.51 and a 52 week high of $54.51.

Bentley Systems (NASDAQ:BSY - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The company reported $0.35 EPS for the quarter, topping analysts' consensus estimates of $0.30 by $0.05. The business had revenue of $370.54 million during the quarter, compared to analysts' expectations of $366.76 million. Bentley Systems had a return on equity of 29.18% and a net margin of 18.46%. The business's quarterly revenue was up 9.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.31 earnings per share. Sell-side analysts forecast that Bentley Systems will post 0.88 earnings per share for the current fiscal year.

Bentley Systems Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 12th. Shareholders of record on Tuesday, June 3rd were issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 0.52%. The ex-dividend date was Tuesday, June 3rd. Bentley Systems's dividend payout ratio (DPR) is presently 35.44%.

Insider Transactions at Bentley Systems

In other news, Director Raymond B. Bentley sold 355,103 shares of the stock in a transaction that occurred on Monday, June 16th. The stock was sold at an average price of $49.96, for a total transaction of $17,740,945.88. Following the completion of the transaction, the director directly owned 15,992,321 shares in the company, valued at approximately $798,976,357.16. This represents a 2.17% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CRO Brock Ballard sold 12,363 shares of the firm's stock in a transaction on Wednesday, May 7th. The shares were sold at an average price of $45.08, for a total transaction of $557,324.04. Following the completion of the transaction, the executive directly owned 68,064 shares of the company's stock, valued at approximately $3,068,325.12. This trade represents a 15.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,012,363 shares of company stock valued at $50,872,826. Company insiders own 20.56% of the company's stock.

Institutional Trading of Bentley Systems

A number of institutional investors have recently bought and sold shares of the stock. City Holding Co. bought a new stake in shares of Bentley Systems in the first quarter valued at about $26,000. Geneos Wealth Management Inc. raised its holdings in shares of Bentley Systems by 1,529.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 668 shares of the company's stock valued at $26,000 after purchasing an additional 627 shares in the last quarter. Twin Tree Management LP lifted its position in shares of Bentley Systems by 361.9% in the 1st quarter. Twin Tree Management LP now owns 739 shares of the company's stock worth $29,000 after purchasing an additional 579 shares during the period. Larson Financial Group LLC boosted its stake in shares of Bentley Systems by 1,707.1% during the first quarter. Larson Financial Group LLC now owns 759 shares of the company's stock valued at $30,000 after purchasing an additional 717 shares in the last quarter. Finally, Fifth Third Bancorp increased its holdings in Bentley Systems by 106.6% during the first quarter. Fifth Third Bancorp now owns 843 shares of the company's stock valued at $33,000 after buying an additional 435 shares during the period. 44.16% of the stock is currently owned by 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.