Bentley Systems (NASDAQ:BSY) Earns "Hold (C)" Rating from Weiss Ratings

Key Points

• Bentley Systems has been given a "hold (C)" rating by Weiss Ratings, while other analysts have varied in their assessments, with some upgrading the stock to "buy" and others rating it as "hold."
• The company's stock is currently trading at $51.73, with a market capitalization of $15.11 billion and a PE ratio of 65.48.
• Bentley Systems reported quarterly earnings of $0.32 per share, exceeding estimates, with a net margin of 17.91% and a year-over-year revenue increase of 10.2%.

Bentley Systems (NASDAQ:BSY - Get Free Report)'s stock had its "hold (c)" rating reissued by stock analysts at Weiss Ratings in a note issued to investors on Friday,Weiss Ratings reports.

Several other brokerages have also recently commented on BSY. Rosenblatt Securities upgraded Bentley Systems from a "neutral" rating to a "buy" rating and set a $58.00 target price on the stock in a report on Friday, October 17th. Piper Sandler increased their target price on Bentley Systems from $57.00 to $63.00 and gave the stock an "overweight" rating in a report on Thursday, August 7th. Oppenheimer increased their target price on Bentley Systems from $59.00 to $65.00 and gave the stock an "outperform" rating in a report on Thursday, August 7th. Wall Street Zen cut Bentley Systems from a "buy" rating to a "hold" rating in a report on Wednesday, July 16th. Finally, Barclays started coverage on Bentley Systems in a report on Tuesday, October 7th. They set an "equal weight" rating and a $57.00 target price on the stock. Seven analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Bentley Systems currently has an average rating of "Moderate Buy" and a consensus target price of $56.64.

Bentley Systems Price Performance

NASDAQ:BSY traded up $0.42 during trading hours on Friday, reaching $51.73. The company had a trading volume of 906,396 shares, compared to its average volume of 1,683,187. The stock has a 50-day moving average of $52.94 and a two-hundred day moving average of $51.01. Bentley Systems has a one year low of $36.51 and a one year high of $59.25. The firm has a market capitalization of $15.11 billion, a PE ratio of 65.48, a PEG ratio of 4.20 and a beta of 1.07. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 1.07.

Bentley Systems (NASDAQ:BSY - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The company reported $0.32 earnings per share for the quarter, beating analysts' consensus estimates of $0.29 by $0.03. The firm had revenue of $364.11 million for the quarter, compared to analysts' expectations of $363.51 million. Bentley Systems had a return on equity of 28.41% and a net margin of 17.91%.The business's revenue was up 10.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.31 earnings per share. Analysts forecast that Bentley Systems will post 0.88 earnings per share for the current year.

Institutional Investors Weigh In On Bentley Systems

Large investors have recently modified their holdings of the business. Geneos Wealth Management Inc. increased its holdings in shares of Bentley Systems by 1,529.3% in the first quarter. Geneos Wealth Management Inc. now owns 668 shares of the company's stock worth $26,000 after acquiring an additional 627 shares in the last quarter. Twin Tree Management LP increased its holdings in shares of Bentley Systems by 361.9% in the first quarter. Twin Tree Management LP now owns 739 shares of the company's stock worth $29,000 after acquiring an additional 579 shares in the last quarter. Larson Financial Group LLC increased its holdings in shares of Bentley Systems by 1,707.1% in the first quarter. Larson Financial Group LLC now owns 759 shares of the company's stock worth $30,000 after acquiring an additional 717 shares in the last quarter. Allworth Financial LP increased its holdings in shares of Bentley Systems by 37.6% in the second quarter. Allworth Financial LP now owns 702 shares of the company's stock worth $38,000 after acquiring an additional 192 shares in the last quarter. Finally, Assetmark Inc. increased its holdings in shares of Bentley Systems by 682.8% in the second quarter. Assetmark Inc. now owns 728 shares of the company's stock worth $39,000 after acquiring an additional 635 shares in the last quarter. 44.16% of the stock is currently owned by institutional investors.

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.

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