Bentley Systems (NASDAQ:BSY) Downgraded by Wall Street Zen to "Hold"

Wall Street Zen downgraded shares of Bentley Systems (NASDAQ:BSY - Free Report) from a buy rating to a hold rating in a research report report published on Saturday morning.

BSY has been the topic of a number of other reports. Rosenblatt Securities dropped their price target on Bentley Systems from $62.00 to $53.00 and set a "buy" rating on the stock in a research note on Monday, May 5th. KeyCorp raised their price target on Bentley Systems from $54.00 to $56.00 and gave the stock an "overweight" rating in a research note on Thursday, May 8th. The Goldman Sachs Group downgraded Bentley Systems from a "neutral" rating to a "sell" rating and dropped their price target for the stock from $51.00 to $42.00 in a research note on Friday, February 28th. JPMorgan Chase & Co. decreased their target price on Bentley Systems from $52.00 to $45.00 and set a "neutral" rating on the stock in a report on Wednesday, April 9th. Finally, UBS Group raised their target price on Bentley Systems from $48.00 to $53.00 and gave the stock a "neutral" rating in a report on Thursday, May 8th. One analyst has rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat, Bentley Systems currently has a consensus rating of "Moderate Buy" and an average target price of $52.00.

Bentley Systems Stock Up 0.3%

BSY traded up $0.16 during trading on Friday, hitting $49.34. 1,252,376 shares of the company's stock traded hands, compared to its average volume of 1,222,270. The company's 50 day simple moving average is $45.70 and its two-hundred day simple moving average is $45.50. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 1.37. Bentley Systems has a 12-month low of $36.51 and a 12-month high of $52.12. The stock has a market capitalization of $14.40 billion, a price-to-earnings ratio of 44.45, a PEG ratio of 3.52 and a beta of 1.07.

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

Bentley Systems Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 12th. Stockholders of record on Tuesday, June 3rd were issued a $0.07 dividend. The ex-dividend date was Tuesday, June 3rd. This represents a $0.28 annualized dividend and a dividend yield of 0.57%. Bentley Systems's dividend payout ratio (DPR) is 35.44%.

Insider Transactions at Bentley Systems

In other 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 value of $557,324.04. Following the sale, the executive now directly owns 68,064 shares of the company's stock, valued at approximately $3,068,325.12. The trade was a 15.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 20.56% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Valmark Advisers Inc. purchased a new position in shares of Bentley Systems during the fourth quarter valued at approximately $2,752,000. CIBC Asset Management Inc boosted its position in shares of Bentley Systems by 9.8% during the fourth quarter. CIBC Asset Management Inc now owns 10,105 shares of the company's stock valued at $472,000 after buying an additional 902 shares during the period. Venturi Wealth Management LLC boosted its position in shares of Bentley Systems by 4.3% during the fourth quarter. Venturi Wealth Management LLC now owns 9,123 shares of the company's stock valued at $426,000 after buying an additional 380 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its position in shares of Bentley Systems by 31.1% during the fourth quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 47,613 shares of the company's stock valued at $2,224,000 after buying an additional 11,300 shares during the period. Finally, IFP Advisors Inc boosted its position in shares of Bentley Systems by 4,627.3% during the fourth quarter. IFP Advisors Inc now owns 4,680 shares of the company's stock valued at $220,000 after buying an additional 4,581 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.