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

Key Points

• Analysts give Bentley a consensus rating of Moderate Buy from 14 brokerages (2 sell, 4 hold, 7 buy, 1 strong buy) with an average 12‑month target price of $48.50.
• In the most recent quarter Bentley reported EPS of $0.27 (in line with estimates) and revenue of $391.6 million versus $381.8 million expected, representing 11.9% year‑over‑year revenue growth.
• Shares trade around $33.44 with a market cap of $9.76 billion and a P/E of 38.9; the stock has a one‑year range of $30.83–$59.25 and pays a quarterly dividend of $0.07 (annual yield ~0.8%).

Shares of Bentley Systems, Incorporated (NASDAQ:BSY - Get Free Report) have been given a consensus rating of "Moderate Buy" by the fourteen brokerages that are presently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, four have given a hold recommendation, seven have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among brokers that have covered the stock in the last year is $48.50.

Several equities analysts have weighed in on the stock. Zacks Research upgraded shares of Bentley Systems from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, April 22nd. Weiss Ratings cut shares of Bentley Systems from a "hold (c-)" rating to a "sell (d+)" rating in a report on Wednesday, April 15th. Barclays boosted their price target on shares of Bentley Systems from $47.00 to $49.00 and gave the company an "equal weight" rating in a report on Friday, March 6th. Robert W. Baird set a $55.00 price target on shares of Bentley Systems in a report on Wednesday, January 7th. Finally, BMO Capital Markets restated an "outperform" rating on shares of Bentley Systems in a report on Monday, March 2nd.

Hedge Funds Weigh In On Bentley Systems

Several institutional investors and hedge funds have recently modified their holdings of BSY. Los Angeles Capital Management LLC purchased a new position in shares of Bentley Systems during the 4th quarter valued at $25,000. 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 valued at $26,000 after acquiring an additional 627 shares in the last quarter. Baillie Gifford & Co. purchased a new position in shares of Bentley Systems during the 3rd quarter valued at $28,000. National Pension Service purchased a new position in shares of Bentley Systems during the 3rd quarter valued at $28,000. Finally, Physician Wealth Advisors Inc. grew its holdings in shares of Bentley Systems by 80.2% during the 1st quarter. Physician Wealth Advisors Inc. now owns 791 shares of the company's stock valued at $28,000 after acquiring an additional 352 shares in the last quarter. 44.16% of the stock is currently owned by hedge funds and other institutional investors.

Bentley Systems Price Performance

NASDAQ:BSY opened at $33.44 on Monday. The company has a market capitalization of $9.76 billion, a price-to-earnings ratio of 38.88, a price-to-earnings-growth ratio of 2.24 and a beta of 1.16. Bentley Systems has a one year low of $30.83 and a one year high of $59.25. The stock has a 50-day simple moving average of $35.67 and a 200 day simple moving average of $39.72. 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 issued its quarterly earnings data on Thursday, February 26th. The company reported $0.27 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.27. Bentley Systems had a return on equity of 28.82% and a net margin of 18.50%.The business had revenue of $391.58 million during the quarter, compared to the consensus estimate of $381.79 million. During the same period in the previous year, the firm posted $0.21 earnings per share. The business's revenue was up 11.9% on a year-over-year basis. Sell-side analysts predict that Bentley Systems will post 1.23 EPS for the current fiscal year.

Bentley Systems Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 19th. Stockholders of record on Tuesday, March 10th were issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 0.8%. The ex-dividend date was Tuesday, March 10th. Bentley Systems's payout ratio is currently 32.56%.

Bentley Systems Company Profile

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.

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