Brokerages Set Bentley Systems, Incorporated (NASDAQ:BSY) PT at $52.00

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

A number of equities research analysts recently commented on BSY shares. JPMorgan Chase & Co. dropped their target price on Bentley Systems from $52.00 to $45.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 9th. Oppenheimer raised their target price on shares of Bentley Systems from $49.00 to $50.00 and gave the stock an "outperform" rating in a report on Thursday, May 8th. The Goldman Sachs Group lowered shares of Bentley Systems from a "neutral" rating to a "sell" rating and lowered their price target for the company from $51.00 to $42.00 in a report on Friday, February 28th. Rosenblatt Securities cut their price target on Bentley Systems from $62.00 to $53.00 and set a "buy" rating on the stock in a research report on Monday, May 5th. Finally, Mizuho reduced their price target on Bentley Systems from $60.00 to $50.00 and set an "outperform" rating for the company in a research report on Tuesday, April 15th.

Bentley Systems Stock Up 0.9%

Shares of BSY stock traded up $0.41 during trading hours on Monday, reaching $48.14. 1,315,256 shares of the company's stock were exchanged, compared to its average volume of 1,213,565. Bentley Systems has a 1 year low of $36.51 and a 1 year high of $57.19. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 1.37. The stock has a market cap of $14.59 billion, a PE ratio of 43.37, a PEG ratio of 3.52 and a beta of 1.05. The stock's fifty day moving average price is $42.29 and its two-hundred day moving average price is $45.53.

Bentley Systems (NASDAQ:BSY - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $0.35 EPS 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 the consensus estimate of $366.76 million. Bentley Systems had a net margin of 27.73% and a return on equity of 29.50%. The business's revenue for the quarter was up 9.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.31 earnings per share. Research analysts predict that Bentley Systems will post 0.88 EPS for the current year.

Bentley Systems Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Wednesday, March 19th were paid a $0.07 dividend. The ex-dividend date was Wednesday, March 19th. This represents a $0.28 dividend on an annualized basis and a yield of 0.58%. This is a boost from Bentley Systems's previous quarterly dividend of $0.06. Bentley Systems's dividend payout ratio (DPR) is currently 35.44%.

Insiders Place Their Bets

In other news, CRO Brock Ballard sold 12,363 shares of the firm's stock in a transaction that occurred on Wednesday, May 7th. The stock was sold at an average price of $45.08, for a total value of $557,324.04. Following the transaction, the executive now owns 68,064 shares in the company, valued at $3,068,325.12. This trade represents a 15.37% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 20.56% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in shares of Bentley Systems by 5.3% in the first quarter. Vanguard Group Inc. now owns 17,999,856 shares of the company's stock worth $708,114,000 after buying an additional 898,115 shares in the last quarter. Swedbank AB raised its stake in Bentley Systems by 36.5% during the fourth quarter. Swedbank AB now owns 7,007,324 shares of the company's stock worth $327,242,000 after purchasing an additional 1,873,029 shares during the period. Pictet Asset Management Holding SA boosted its holdings in Bentley Systems by 0.4% in the 4th quarter. Pictet Asset Management Holding SA now owns 5,614,750 shares of the company's stock valued at $262,209,000 after purchasing an additional 24,019 shares during the last quarter. Impax Asset Management Group plc grew its stake in shares of Bentley Systems by 41.9% in the 4th quarter. Impax Asset Management Group plc now owns 2,493,059 shares of the company's stock valued at $115,719,000 after buying an additional 736,369 shares during the period. Finally, Bessemer Group Inc. increased its holdings in shares of Bentley Systems by 8,187,760.9% during the 1st quarter. Bessemer Group Inc. now owns 1,883,208 shares of the company's stock worth $74,086,000 after buying an additional 1,883,185 shares during the last quarter. 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.