Bentley Systems (NASDAQ:BSY) Upgraded by Wall Street Zen to Buy Rating

Bentley Systems (NASDAQ:BSY - Get Free Report) was upgraded by Wall Street Zen from a "hold" rating to a "buy" rating in a report released on Tuesday.

Other analysts also recently issued research reports about the company. KeyCorp lifted their target price on Bentley Systems from $56.00 to $59.00 and gave the company an "overweight" rating in a research report on Monday. Oppenheimer boosted their price target on Bentley Systems from $49.00 to $50.00 and gave the stock an "outperform" rating in a research report on Thursday, May 8th. 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 note on Monday, May 5th. Royal Bank Of Canada boosted their target price 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. Finally, UBS Group increased their price target on shares of Bentley Systems from $48.00 to $53.00 and gave the company a "neutral" rating in a research note on Thursday, May 8th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $52.30.

Bentley Systems Stock Down 0.6%

BSY traded down $0.33 during trading on Tuesday, hitting $56.35. The company had a trading volume of 1,677,364 shares, compared to its average volume of 1,255,036. The company has a market capitalization of $16.45 billion, a PE ratio of 71.33, a PEG ratio of 4.55 and a beta of 1.09. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 1.13. Bentley Systems has a one year low of $36.51 and a one year high of $56.93. The firm's 50-day moving average price is $49.77 and its 200 day moving average price is $46.12.

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

Insider Transactions at Bentley Systems

In related news, Director Raymond B. Bentley sold 355,103 shares of Bentley Systems stock in a transaction that occurred on Monday, June 16th. The stock was sold at an average price of $49.96, for a total transaction of $17,740,945.88. Following the completion of the sale, the director directly 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 transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider David R. Shaman sold 19,156 shares of the stock in a transaction on Thursday, July 3rd. The stock was sold at an average price of $54.98, for a total value of $1,053,196.88. Following the transaction, the insider owned 670,558 shares in the company, valued at $36,867,278.84. The trade was a 2.78% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,181,519 shares of company stock worth $60,257,023 over the last three months. Company insiders own 20.56% of the company's stock.

Institutional Trading of Bentley Systems

A number of institutional investors have recently bought and sold shares of BSY. City Holding Co. acquired a new stake in shares of Bentley Systems in the first quarter valued at approximately $26,000. Geneos Wealth Management Inc. increased its stake in Bentley Systems by 1,529.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 668 shares of the company's stock worth $26,000 after acquiring an additional 627 shares during the period. Twin Tree Management LP raised its holdings in Bentley Systems by 361.9% in the 1st quarter. Twin Tree Management LP now owns 739 shares of the company's stock valued at $29,000 after acquiring an additional 579 shares in the last quarter. Larson Financial Group LLC lifted its position in shares of Bentley Systems by 1,707.1% during the 1st quarter. Larson Financial Group LLC now owns 759 shares of the company's stock valued at $30,000 after acquiring an additional 717 shares during the period. Finally, Fifth Third Bancorp grew its holdings in shares of Bentley Systems by 106.6% during the 1st quarter. Fifth Third Bancorp now owns 843 shares of the company's stock worth $33,000 after purchasing an additional 435 shares in the last quarter. Institutional investors 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.