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

Bentley Systems, Incorporated (NASDAQ:BSY - Get Free Report) has received an average rating of "Moderate Buy" from the ten research firms that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $52.00.

A number of research analysts recently issued reports on the stock. Robert W. Baird dropped their target price on shares of Bentley Systems from $60.00 to $59.00 and set an "outperform" rating on the stock in a research report on Thursday, February 27th. Oppenheimer upped their price objective on shares of Bentley Systems from $49.00 to $50.00 and gave the company an "outperform" rating in a report on Thursday, May 8th. KeyCorp raised their target price on Bentley Systems from $54.00 to $56.00 and gave the company an "overweight" rating in a research note on Thursday, May 8th. UBS Group boosted their target price on Bentley Systems from $48.00 to $53.00 and gave the company a "neutral" rating in a research report on Thursday, May 8th. Finally, Mizuho dropped their price target on Bentley Systems from $60.00 to $50.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 15th.

Insider Activity at Bentley Systems

In related news, CRO Brock Ballard sold 12,363 shares of the stock in a transaction that occurred on Wednesday, May 7th. The stock was sold at an average price of $45.08, for a total transaction of $557,324.04. Following the completion of the sale, the executive now directly owns 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 20.56% of the stock is owned by insiders.

Hedge Funds Weigh In On Bentley Systems

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Bessemer Group Inc. boosted its stake in Bentley Systems by 8,187,760.9% in the first quarter. Bessemer Group Inc. now owns 1,883,208 shares of the company's stock valued at $74,086,000 after acquiring an additional 1,883,185 shares during the last quarter. Vanguard Group Inc. grew its holdings in Bentley Systems by 5.3% during the first quarter. Vanguard Group Inc. now owns 17,999,856 shares of the company's stock valued at $708,114,000 after purchasing an additional 898,115 shares during the period. Impax Asset Management Group plc increased its position in Bentley Systems by 41.9% in the fourth quarter. Impax Asset Management Group plc now owns 2,493,059 shares of the company's stock worth $115,719,000 after buying an additional 736,369 shares during the last quarter. Skandinaviska Enskilda Banken AB publ raised its stake in shares of Bentley Systems by 591.7% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 555,702 shares of the company's stock valued at $26,446,000 after buying an additional 475,361 shares during the period. Finally, Federated Hermes Inc. bought a new stake in shares of Bentley Systems in the first quarter valued at $15,960,000. 44.16% of the stock is owned by hedge funds and other institutional investors.

Bentley Systems Price Performance

Bentley Systems stock opened at $49.15 on Friday. The stock's 50 day moving average is $44.61 and its 200 day moving average is $45.47. Bentley Systems has a one year low of $36.51 and a one year high of $52.42. The firm has a market cap of $14.34 billion, a P/E ratio of 44.28, a P/E/G ratio of 3.52 and a beta of 1.07. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.52 and a quick ratio of 0.52.

Bentley Systems (NASDAQ:BSY - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.05. Bentley Systems had a net margin of 27.73% and a return on equity of 29.50%. The company had revenue of $370.54 million during the quarter, compared to analysts' expectations of $366.76 million. During the same period in the prior year, the company posted $0.31 earnings per share. Bentley Systems's revenue for the quarter was up 9.7% compared to the same quarter last year. As a group, research analysts expect that Bentley Systems will post 0.88 EPS for the current year.

Bentley Systems Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Tuesday, June 3rd will be paid a $0.07 dividend. The ex-dividend date is Tuesday, June 3rd. This represents a $0.28 annualized dividend and a dividend yield of 0.57%. Bentley Systems's payout ratio is 35.44%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.