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

Key Points

• Bentley Systems has received a consensus rating of "Moderate Buy" from ten analysts, with one sell recommendation, two holds, and seven buy ratings.
• The company's average 12-month price target is set at $53.20, with recent target adjustments ranging from $45.00 to $59.00 by various analysts.
• Bentley Systems reported a 9.7% year-over-year increase in revenue for the latest quarter, achieving $370.54 million, and also posted an earnings per share (EPS) of $0.35, exceeding estimates.

Bentley Systems, Incorporated (NASDAQ:BSY - Get Free Report) has been given a consensus rating of "Moderate Buy" by the ten analysts that are presently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and seven have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $53.20.

Several equities analysts recently issued reports on BSY shares. JPMorgan Chase & Co. decreased their target price on shares of Bentley Systems from $52.00 to $45.00 and set a "neutral" rating for the company in a research note on Wednesday, April 9th. KeyCorp upped their price objective on shares of Bentley Systems from $56.00 to $59.00 and gave the stock an "overweight" rating in a research report on Monday, July 7th. Mizuho lowered their target price on shares of Bentley Systems from $60.00 to $50.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 15th. Royal Bank Of Canada lifted their price target on Bentley Systems from $53.00 to $55.00 and gave the company an "outperform" rating in a research note on Thursday, May 8th. Finally, Rosenblatt Securities lowered their price target on Bentley Systems from $62.00 to $53.00 and set a "buy" rating on the stock in a research report on Monday, May 5th.

Bentley Systems Stock Performance

NASDAQ BSY opened at $58.59 on Friday. The firm has a market capitalization of $17.10 billion, a P/E ratio of 74.17, a PEG ratio of 4.74 and a beta of 1.09. The stock has a 50-day simple moving average of $52.25 and a two-hundred day simple moving average of $46.92. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.49 and a current ratio of 0.49. Bentley Systems has a fifty-two week low of $36.51 and a fifty-two week high of $58.85.

Bentley Systems (NASDAQ:BSY - Get Free Report) last posted its earnings results on Wednesday, May 7th. The company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.30 by $0.05. Bentley Systems had a return on equity of 29.18% and a net margin of 18.46%. The firm had revenue of $370.54 million for the quarter, compared to analyst estimates of $366.76 million. During the same period last year, the company earned $0.31 earnings per share. Bentley Systems's revenue for the quarter was up 9.7% compared to the same quarter last year. On average, equities analysts forecast that Bentley Systems will post 0.88 earnings per share for the current year.

Bentley Systems Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 12th. Stockholders of record on Tuesday, June 3rd were given a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.48%. The ex-dividend date was Tuesday, June 3rd. Bentley Systems's dividend payout ratio (DPR) is 35.44%.

Insider Buying and Selling at Bentley Systems

In other news, Director Keith A. Bentley sold 150,000 shares of the company's stock in a transaction that occurred on Monday, July 7th. The stock was sold at an average price of $55.54, for a total value of $8,331,000.00. Following the completion of the sale, the director directly owned 3,859,327 shares in the company, valued at $214,347,021.58. This represents a 3.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider David R. Shaman sold 19,348 shares of the stock in a transaction that occurred on Monday, July 14th. The shares were sold at an average price of $56.96, for a total value of $1,102,062.08. Following the completion of the sale, the insider directly owned 647,609 shares of the company's stock, valued at approximately $36,887,808.64. This represents a 2.90% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 1,201,832 shares of company stock valued at $61,414,013. Corporate insiders own 20.56% of the company's stock.

Institutional Investors Weigh In On Bentley Systems

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

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.

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