Bentley Systems (NASDAQ:BSY) Lowered to Hold Rating by Wall Street Zen

Wall Street Zen lowered shares of Bentley Systems (NASDAQ:BSY - Free Report) from a buy rating to a hold rating in a research note issued to investors on Saturday morning.

A number of other equities research analysts also recently weighed in on BSY. Royal Bank Of Canada boosted their price objective on shares of Bentley Systems from $53.00 to $55.00 and gave the company an "outperform" rating in a research report on Thursday, May 8th. The Goldman Sachs Group downgraded shares of Bentley Systems from a "neutral" rating to a "sell" rating and lowered their price objective for the company from $51.00 to $42.00 in a research report on Friday, February 28th. KeyCorp upped their target price on shares of Bentley Systems from $54.00 to $56.00 and gave the stock an "overweight" rating in a research report on Thursday, May 8th. JPMorgan Chase & Co. decreased their target price on shares of Bentley Systems from $52.00 to $45.00 and set a "neutral" rating for the company in a research report on Wednesday, April 9th. Finally, Rosenblatt Securities decreased their target price on shares of Bentley Systems from $62.00 to $53.00 and set a "buy" rating for the company in a research report on Monday, May 5th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $52.00.

Bentley Systems Stock Performance

Shares of NASDAQ:BSY traded up $0.38 during trading on Friday, reaching $50.40. 2,269,118 shares of the company's stock traded hands, compared to its average volume of 1,230,811. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.49 and a quick ratio of 0.49. Bentley Systems has a 12 month low of $36.51 and a 12 month high of $52.12. The company has a 50 day moving average of $46.09 and a 200-day moving average of $45.48. The stock has a market capitalization of $14.71 billion, a P/E ratio of 63.80, a price-to-earnings-growth ratio of 4.20 and a beta of 1.07.

Bentley Systems (NASDAQ:BSY - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The company reported $0.35 earnings per share for the quarter, beating analysts' consensus estimates of $0.30 by $0.05. Bentley Systems had a net margin of 18.46% and a return on equity of 29.18%. The business had revenue of $370.54 million during the quarter, compared to the consensus estimate of $366.76 million. During the same quarter in the prior year, the firm earned $0.31 EPS. The company's revenue for the quarter was up 9.7% compared to the same quarter last year. On average, equities analysts expect that Bentley Systems will post 0.88 EPS for the current year.

Bentley Systems Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 12th. Stockholders of record on Tuesday, June 3rd were issued a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 0.56%. The ex-dividend date of this dividend was Tuesday, June 3rd. Bentley Systems's dividend payout ratio (DPR) is presently 35.44%.

Insider Activity

In other news, CRO Brock Ballard sold 12,363 shares of the stock in a transaction that occurred on Wednesday, May 7th. The shares were sold at an average price of $45.08, for a total value of $557,324.04. Following the completion of the transaction, the executive now directly 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 accessible through this link. Insiders own 20.56% of the company's stock.

Institutional Trading of Bentley Systems

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in Bentley Systems by 5.3% during the first quarter. Vanguard Group Inc. now owns 17,999,856 shares of the company's stock valued at $708,114,000 after purchasing an additional 898,115 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC lifted its stake in Bentley Systems by 1.0% during the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 16,167,441 shares of the company's stock valued at $636,027,000 after purchasing an additional 160,496 shares during the last quarter. Pictet Asset Management Holding SA lifted its stake in Bentley Systems by 0.4% during the fourth 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 lifted its stake in Bentley Systems by 41.9% during the fourth quarter. Impax Asset Management Group plc now owns 2,493,059 shares of the company's stock valued at $115,719,000 after purchasing an additional 736,369 shares during the last quarter. Finally, Bessemer Group Inc. lifted its stake in Bentley Systems by 8,187,760.9% during the first quarter. Bessemer Group Inc. now owns 1,883,208 shares of the company's stock valued at $74,086,000 after purchasing an additional 1,883,185 shares during the last quarter. 44.16% of the stock is owned by institutional investors and hedge funds.

About Bentley Systems

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.