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

Key Points

• Bentley Systems has received an average consensus rating of "Hold" from analysts, with one sell, five holds, and six buy recommendations.
• The company's average target price among analysts is $56.64, with recent adjustments raising some targets to as high as $64.00.
• Bentley Systems recently declared a quarterly dividend of $0.07 per share, representing an annual dividend yield of 0.5% and a payout ratio of 35.44%.

Bentley Systems, Incorporated (NASDAQ:BSY - Get Free Report) has earned an average recommendation of "Hold" from the twelve analysts that are currently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, five have given a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $56.6364.

BSY has been the topic of a number of recent analyst reports. Wall Street Zen lowered Bentley Systems from a "buy" rating to a "hold" rating in a research report on Wednesday, July 16th. KeyCorp upped their price target on shares of Bentley Systems from $56.00 to $59.00 and gave the company an "overweight" rating in a report on Monday, July 7th. Rosenblatt Securities lowered shares of Bentley Systems from a "buy" rating to a "neutral" rating and upped their target price for the company from $53.00 to $58.00 in a research note on Thursday, August 7th. Robert W. Baird set a $64.00 target price on shares of Bentley Systems and gave the company an "outperform" rating in a research note on Wednesday, July 30th. Finally, UBS Group upped their target price on shares of Bentley Systems from $53.00 to $60.00 and gave the company a "neutral" rating in a research note on Thursday, August 7th.

Bentley Systems Trading Down 3.1%

NASDAQ:BSY opened at $50.91 on Thursday. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.51 and a current ratio of 0.51. Bentley Systems has a one year low of $36.51 and a one year high of $59.25. The business's 50-day simple moving average is $53.75 and its 200 day simple moving average is $50.21. The stock has a market cap of $14.87 billion, a price-to-earnings ratio of 64.44, a price-to-earnings-growth ratio of 4.24 and a beta of 1.07.

Bentley Systems (NASDAQ:BSY - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The company reported $0.32 EPS for the quarter, topping the consensus estimate of $0.29 by $0.03. Bentley Systems had a return on equity of 28.41% and a net margin of 17.91%.The business had revenue of $364.11 million for the quarter, compared to analysts' expectations of $363.51 million. During the same quarter in the previous year, the firm posted $0.31 earnings per share. The company's revenue was up 10.2% compared to the same quarter last year. As a group, sell-side analysts predict that Bentley Systems will post 0.88 earnings per share for the current fiscal year.

Bentley Systems Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Tuesday, September 23rd were given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend was Tuesday, September 23rd. Bentley Systems's dividend payout ratio is currently 35.44%.

Insider Activity

In related news, insider David R. Shaman sold 19,348 shares of the company's stock in a transaction that occurred on Monday, July 14th. The stock was sold at an average price of $56.96, for a total transaction of $1,102,062.08. Following 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Over the last quarter, insiders sold 20,713 shares of company stock worth $1,180,690. Corporate insiders own 20.56% of the company's stock.

Institutional Trading of Bentley Systems

A number of institutional investors and hedge funds have recently modified their holdings of the business. Allworth Financial LP raised its holdings in shares of Bentley Systems by 37.6% during 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. Thrive Wealth Management LLC boosted its stake in Bentley Systems by 2.5% in the third quarter. Thrive Wealth Management LLC now owns 8,301 shares of the company's stock valued at $427,000 after acquiring an additional 200 shares during the period. Genesis Private Wealth LLC grew its holdings in shares of Bentley Systems by 5.4% during the third quarter. Genesis Private Wealth LLC now owns 3,967 shares of the company's stock valued at $204,000 after purchasing an additional 204 shares during the last quarter. Blue Trust Inc. raised its position in shares of Bentley Systems by 19.3% during the 2nd quarter. Blue Trust Inc. now owns 1,305 shares of the company's stock worth $70,000 after purchasing an additional 211 shares during the period. Finally, Axxcess Wealth Management LLC raised its position in shares of Bentley Systems by 3.7% during the 1st quarter. Axxcess Wealth Management LLC now owns 8,471 shares of the company's stock worth $333,000 after purchasing an additional 301 shares during the period. 44.16% of the stock is 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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