Bentley Systems (NASDAQ:BSY) Stock Price Expected to Rise, KeyCorp Analyst Says

Bentley Systems (NASDAQ:BSY - Free Report) had its price objective upped by KeyCorp from $56.00 to $59.00 in a research report released on Monday,Benzinga reports. KeyCorp currently has an overweight rating on the stock.

Several other equities analysts have also commented on BSY. Wall Street Zen lowered shares of Bentley Systems from a "buy" rating to a "hold" rating in a research report on Monday, June 30th. Rosenblatt Securities cut their target price on shares of Bentley Systems from $62.00 to $53.00 and set a "buy" rating for the company in a report on Monday, May 5th. Royal Bank Of Canada boosted their price target on shares of Bentley Systems from $53.00 to $55.00 and gave the stock an "outperform" rating in a report on Thursday, May 8th. JPMorgan Chase & Co. dropped their target price on shares of Bentley Systems from $52.00 to $45.00 and set a "neutral" rating for the company in a report on Wednesday, April 9th. Finally, Mizuho lowered their price target on shares of Bentley Systems from $60.00 to $50.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 15th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $52.30.

Bentley Systems Stock Performance

Shares of BSY traded up $0.16 on Monday, reaching $55.51. The company's stock had a trading volume of 1,556,699 shares, compared to its average volume of 1,245,496. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.49 and a quick ratio of 0.49. The stock has a market capitalization of $16.20 billion, a P/E ratio of 70.27, a PEG ratio of 4.50 and a beta of 1.09. The stock's 50 day simple moving average is $48.98 and its two-hundred day simple moving average is $45.92. Bentley Systems has a 12-month low of $36.51 and a 12-month high of $56.10.

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

Bentley Systems Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 12th. Stockholders of record on Tuesday, June 3rd were issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.50%. The ex-dividend date was Tuesday, June 3rd. Bentley Systems's dividend payout ratio (DPR) is 35.44%.

Insider Transactions at Bentley Systems

In related news, Director Raymond B. Bentley sold 355,103 shares of Bentley Systems stock in a transaction dated Monday, June 16th. The stock was sold at an average price of $49.96, for a total value of $17,740,945.88. Following the transaction, the director owned 15,992,321 shares of the company's stock, valued at approximately $798,976,357.16. This trade represents a 2.17% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CRO Brock Ballard sold 12,363 shares of Bentley Systems stock in a transaction dated Wednesday, May 7th. The shares were sold at an average price of $45.08, for a total value of $557,324.04. Following the sale, the executive owned 68,064 shares of the company's stock, valued at approximately $3,068,325.12. This represents a 15.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,012,363 shares of company stock worth $50,872,826. 20.56% of the stock is owned by corporate insiders.

Institutional Trading of Bentley Systems

Several institutional investors have recently bought and sold shares of the stock. Bessemer Group Inc. grew its holdings in shares of 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 worth $74,086,000 after buying an additional 1,883,185 shares in the last quarter. Vanguard Group Inc. grew its stake in Bentley Systems by 5.3% in 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 in the last quarter. Skandinaviska Enskilda Banken AB publ boosted its stake in shares of Bentley Systems by 591.7% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 555,702 shares of the company's stock worth $26,446,000 after acquiring an additional 475,361 shares during the period. Federated Hermes Inc. bought a new position in shares of Bentley Systems during the 1st quarter worth approximately $15,960,000. Finally, Sone Capital Management LLC bought a new position in shares of Bentley Systems during the 4th quarter worth approximately $17,884,000. Institutional investors and hedge funds own 44.16% of the company's stock.

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.