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

Key Points

• Analysts have a consensus "Hold" rating on Bentley from 13 firms (1 sell, 5 hold, 7 buy) with an average 12‑month price target of $48.50, and several brokers recently trimmed their targets (e.g., Oppenheimer to $43, RBC to $48, Piper to $42).
• Bentley beat revenue estimates in its latest quarter ($391.6M vs. $381.8M) with EPS in line at $0.27 and revenue up 11.9% year‑over‑year; the stock trades around $34.20 (market cap ≈ $9.96B, P/E ≈ 39.8) and pays a small annualized dividend of $0.28 (yield ~0.8%).

Shares of Bentley Systems, Incorporated (NASDAQ:BSY - Get Free Report) have been assigned a consensus rating of "Hold" from the thirteen research firms that are covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $48.50.

BSY has been the topic of several recent research reports. Oppenheimer reduced their price target on Bentley Systems from $53.00 to $43.00 and set an "outperform" rating on the stock in a research report on Friday, February 27th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Bentley Systems in a research report on Wednesday, January 21st. Royal Bank Of Canada dropped their price objective on shares of Bentley Systems from $65.00 to $48.00 and set an "outperform" rating on the stock in a research note on Monday, January 5th. Piper Sandler reduced their target price on shares of Bentley Systems from $45.00 to $42.00 and set a "neutral" rating on the stock in a research report on Monday, March 2nd. Finally, Robert W. Baird set a $55.00 target price on shares of Bentley Systems in a research note on Wednesday, January 7th.

Bentley Systems Stock Down 2.6%

Shares of NASDAQ BSY opened at $34.20 on Thursday. The stock has a fifty day moving average price of $36.01 and a 200 day moving average price of $42.05. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 1.05. Bentley Systems has a 12-month low of $30.97 and a 12-month high of $59.25. The company has a market cap of $9.96 billion, a P/E ratio of 39.77, a P/E/G ratio of 2.39 and a beta of 1.16.

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

Bentley Systems Announces Dividend

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

Institutional Trading of Bentley Systems

Several large investors have recently modified their holdings of the business. AGF Management Ltd. increased its holdings in Bentley Systems by 64.2% during the 3rd quarter. AGF Management Ltd. now owns 180,633 shares of the company's stock worth $9,299,000 after purchasing an additional 70,650 shares during the last quarter. Manning & Napier Advisors LLC purchased a new position in shares of Bentley Systems during the 3rd quarter valued at approximately $122,028,000. Rakuten Investment Management Inc. purchased a new position in shares of Bentley Systems during the 3rd quarter valued at approximately $4,305,000. Envestnet Asset Management Inc. grew its position in shares of Bentley Systems by 5.7% during the third quarter. Envestnet Asset Management Inc. now owns 954,867 shares of the company's stock worth $49,157,000 after buying an additional 51,883 shares in the last quarter. Finally, Pacer Advisors Inc. grew its position in shares of Bentley Systems by 90.8% during the third quarter. Pacer Advisors Inc. now owns 676,740 shares of the company's stock worth $34,839,000 after buying an additional 322,012 shares in the last quarter. 44.16% of the stock is currently owned by institutional investors and hedge funds.

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.

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.