Bentley Systems, Incorporated (NASDAQ:BSY) Receives Consensus Rating of "Hold" from Analysts

Key Points

• Bentley Systems carries a consensus "Hold" rating from 13 analysts (1 sell, 5 hold, 7 buy) with an average 12‑month price target of $48.50.
• In the most recent quarter BSY reported $0.27 EPS (in line with estimates) and revenue of $391.6M (above estimates), with revenue up 11.9% year‑over‑year; analysts project about $0.88 EPS for the current fiscal year.
• The company announced a quarterly dividend of $0.07 (annualized $0.28, ~0.7% yield) and the stock trades at a P/E of about 46.3 with a market cap near $11.6B.

Bentley Systems, Incorporated (NASDAQ:BSY - Get Free Report) has earned an average recommendation of "Hold" from the thirteen ratings firms that are currently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, five have given a hold recommendation and seven have given a buy recommendation to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $48.50.

BSY has been the subject of several recent analyst reports. Oppenheimer decreased their price target on Bentley Systems from $53.00 to $43.00 and set an "outperform" rating for the company in a research note on Friday, February 27th. BMO Capital Markets restated an "outperform" rating on shares of Bentley Systems in a report on Monday, March 2nd. Mizuho decreased their target price on Bentley Systems from $62.00 to $50.00 and set an "outperform" rating for the company in a research report on Friday, February 27th. Rosenblatt Securities reduced their price objective on shares of Bentley Systems from $58.00 to $50.00 and set a "buy" rating for the company in a research note on Tuesday, February 24th. Finally, Barclays boosted their target price on shares of Bentley Systems from $47.00 to $49.00 and gave the stock an "equal weight" rating in a research report on Friday.

Institutional Trading of Bentley Systems

A number of hedge funds have recently bought and sold shares of the stock. National Pension Service bought a new position in Bentley Systems during the third quarter valued at about $28,000. Baillie Gifford & Co. bought a new stake in shares of Bentley Systems during the third quarter valued at approximately $28,000. Los Angeles Capital Management LLC acquired a new position in shares of Bentley Systems in the fourth quarter valued at $25,000. Geneos Wealth Management Inc. raised its stake in shares of Bentley Systems by 1,529.3% in the first 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. Finally, Allworth Financial LP lifted its position in Bentley Systems by 37.6% in the second quarter. Allworth Financial LP now owns 702 shares of the company's stock worth $38,000 after purchasing an additional 192 shares during the period. 44.16% of the stock is owned by institutional investors.

Bentley Systems Trading Up 0.7%

Shares of NASDAQ BSY opened at $39.79 on Friday. The stock has a market cap of $11.59 billion, a price-to-earnings ratio of 46.27, a PEG ratio of 2.78 and a beta of 1.18. The business has a 50 day simple moving average of $36.68 and a 200 day simple moving average of $44.18. Bentley Systems has a 52 week low of $30.97 and a 52 week high of $59.25. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.56 and a current ratio of 0.56.

Bentley Systems (NASDAQ:BSY - Get Free Report) last released its quarterly earnings data on Thursday, February 26th. The company reported $0.27 EPS for the quarter, hitting analysts' consensus estimates of $0.27. The firm had revenue of $391.58 million for the quarter, compared to the consensus estimate of $381.79 million. Bentley Systems had a return on equity of 28.82% and a net margin of 18.50%.The firm's revenue was up 11.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.21 earnings per share. On average, research analysts predict that Bentley Systems will post 0.88 earnings per share for the current fiscal year.

Bentley Systems Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 19th. Shareholders of record on Tuesday, March 10th will be issued a $0.07 dividend. The ex-dividend date of this dividend is Tuesday, March 10th. This represents a $0.28 dividend on an annualized basis and a yield of 0.7%. Bentley Systems's dividend payout ratio (DPR) is 32.56%.

About Bentley Systems

Bentley Systems, Inc is a global software provider specializing in infrastructure engineering applications for the design, construction, and operations of roads, bridges, rail and transit systems, water and wastewater networks, power plants and grids, industrial facilities, and communications infrastructure. Founded in 1984 by brothers Keith and Barry Bentley, the company is headquartered in Exton, Pennsylvania, and maintains offices and development centers across North America, Europe, Asia, and Australia.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.