Bentley Systems, Incorporated (NASDAQ:BSY) Receives $52.00 Average Target Price from Brokerages

Bentley Systems, Incorporated (NASDAQ:BSY - Get Free Report) has received a consensus rating of "Moderate Buy" from the ten analysts that are covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and seven have given a buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $52.00.

Several equities analysts recently weighed in on the company. JPMorgan Chase & Co. lowered their target price on Bentley Systems from $52.00 to $45.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 9th. Robert W. Baird lowered their target price on Bentley Systems from $60.00 to $59.00 and set an "outperform" rating on the stock in a research report on Thursday, February 27th. UBS Group boosted their price objective on Bentley Systems from $48.00 to $53.00 and gave the company a "neutral" rating in a research report on Thursday, May 8th. Mizuho lowered their price objective on Bentley Systems from $60.00 to $50.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 15th. Finally, Oppenheimer boosted their price objective on Bentley Systems from $49.00 to $50.00 and gave the company an "outperform" rating in a research report on Thursday, May 8th.

Bentley Systems Stock Performance

NASDAQ BSY traded down $1.96 on Friday, hitting $47.79. 1,773,953 shares of the company traded hands, compared to its average volume of 1,221,806. The company has a market capitalization of $13.95 billion, a price-to-earnings ratio of 43.05, a P/E/G ratio of 3.52 and a beta of 1.07. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 1.37. The business's 50 day moving average price is $44.93 and its 200-day moving average price is $45.46. Bentley Systems has a 52-week low of $36.51 and a 52-week high of $52.42.

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

Bentley Systems Dividend Announcement

The business also recently disclosed 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. This represents a $0.28 annualized dividend and a dividend yield of 0.59%. The ex-dividend date of this dividend is Tuesday, June 3rd. Bentley Systems's payout ratio is 35.44%.

Insider Transactions at Bentley Systems

In other Bentley Systems news, CRO Brock Ballard sold 12,363 shares of Bentley Systems 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 now directly owns 68,064 shares of the company's stock, valued at $3,068,325.12. The trade was a 15.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 20.56% of the company's stock.

Institutional Investors Weigh In On Bentley Systems

Several institutional investors have recently made changes to their positions in the company. Charles Schwab Investment Management Inc. raised its position in Bentley Systems by 1.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,052,704 shares of the company's stock worth $49,161,000 after purchasing an additional 15,372 shares during the period. Proficio Capital Partners LLC bought a new stake in Bentley Systems in the fourth quarter worth about $809,000. Bank of New York Mellon Corp lifted its stake in Bentley Systems by 10.2% in the fourth quarter. Bank of New York Mellon Corp now owns 1,053,762 shares of the company's stock worth $49,211,000 after purchasing an additional 97,950 shares during the last quarter. Two Sigma Investments LP lifted its stake in Bentley Systems by 42.3% in the fourth quarter. Two Sigma Investments LP now owns 42,700 shares of the company's stock worth $1,994,000 after purchasing an additional 12,689 shares during the last quarter. Finally, Fiera Capital Corp lifted its stake in Bentley Systems by 13.2% in the fourth quarter. Fiera Capital Corp now owns 953,246 shares of the company's stock worth $44,517,000 after purchasing an additional 111,433 shares during the last quarter. 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.