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

Shares of Bentley Systems, Incorporated (NASDAQ:BSY - Get Free Report) have been assigned an average rating of "Moderate Buy" from the ten ratings firms that are currently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $52.00.

A number of equities research analysts have commented on the company. JPMorgan Chase & Co. decreased their price target on Bentley Systems from $52.00 to $45.00 and set a "neutral" rating for the company in a research note on Wednesday, April 9th. KeyCorp raised their price objective on Bentley Systems from $54.00 to $56.00 and gave the company an "overweight" rating in a report on Thursday, May 8th. The Goldman Sachs Group lowered Bentley Systems from a "neutral" rating to a "sell" rating and lowered their price target for the stock from $51.00 to $42.00 in a research note on Friday, February 28th. Oppenheimer lifted their price target on Bentley Systems from $49.00 to $50.00 and gave the stock an "outperform" rating in a research note on Thursday, May 8th. Finally, Robert W. Baird dropped their price target on shares of Bentley Systems from $60.00 to $59.00 and set an "outperform" rating for the company in a research note on Thursday, February 27th.

Bentley Systems Trading Down 1.1%

BSY traded down $0.52 during trading hours on Monday, reaching $47.71. 153,697 shares of the company's stock traded hands, compared to its average volume of 1,209,400. The firm has a 50-day moving average price of $42.63 and a 200 day moving average price of $45.56. Bentley Systems has a 52-week low of $36.51 and a 52-week high of $57.19. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 1.37. The firm has a market capitalization of $13.92 billion, a PE ratio of 43.11, a PEG ratio of 3.52 and a beta of 1.05.

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

Bentley Systems Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Wednesday, March 19th were paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 0.59%. The ex-dividend date of this dividend was Wednesday, March 19th. This is an increase from Bentley Systems's previous quarterly dividend of $0.06. Bentley Systems's payout ratio is 35.44%.

Insider Transactions at Bentley Systems

In related news, CRO Brock Ballard sold 12,363 shares of Bentley Systems stock in a transaction dated Wednesday, May 7th. The stock was sold at an average price of $45.08, for a total transaction of $557,324.04. Following the completion of the sale, the executive now owns 68,064 shares in the company, valued at approximately $3,068,325.12. This trade represents a 15.37% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 20.56% of the company's stock.

Institutional Trading of Bentley Systems

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. increased its position in Bentley Systems by 1.5% during 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 in the last quarter. Proficio Capital Partners LLC purchased a new stake in Bentley Systems in the 4th quarter valued at about $809,000. Principal Financial Group Inc. grew its holdings in Bentley Systems by 20.5% in the 3rd quarter. Principal Financial Group Inc. now owns 204,612 shares of the company's stock valued at $10,396,000 after buying an additional 34,871 shares during the period. Bar Harbor Wealth Management purchased a new stake in Bentley Systems in the 4th quarter valued at about $8,413,000. Finally, Bank of New York Mellon Corp grew its holdings in Bentley Systems by 10.2% in the 4th quarter. Bank of New York Mellon Corp now owns 1,053,762 shares of the company's stock valued at $49,211,000 after buying an additional 97,950 shares during the period. Hedge funds and other institutional investors own 44.16% of the company's stock.

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.