Bentley Systems, Incorporated (NASDAQ:BSY) Given Consensus Rating of "Moderate Buy" by Analysts

Key Points

• Analysts rate Bentley Systems “Moderate Buy”: Nine of 14 brokerages recommend buying the stock, while five assign a hold rating. The average 12-month price target is $45, compared with a recent price of $37.30.
• Quarterly earnings exceeded expectations: Bentley reported adjusted EPS of $0.35 versus the $0.32 consensus estimate, while revenue rose 12.8% year over year to $410.73 million, slightly below forecasts.
• Institutional investors own 44.16% of the company: Several funds recently increased their positions, including the National Pension Service, which boosted its stake by 63%.

Shares of Bentley Systems, Incorporated (NASDAQ:BSY - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the fourteen brokerages that are presently covering the stock, Marketbeat reports. Five analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $45.00.

A number of brokerages recently issued reports on BSY. Piper Sandler reissued an "overweight" rating and set a $45.00 price objective on shares of Bentley Systems in a research report on Friday, August 7th. Barclays decreased their target price on shares of Bentley Systems from $49.00 to $40.00 and set an "equal weight" rating on the stock in a research report on Friday, May 29th. Mizuho lowered their target price on shares of Bentley Systems from $50.00 to $45.00 and set an "outperform" rating for the company in a research note on Friday, May 8th. BNP Paribas Exane assumed coverage on shares of Bentley Systems in a research report on Thursday, June 18th. They set an "outperform" rating and a $40.00 price target for the company. Finally, Rosenblatt Securities reissued a "buy" rating and issued a $50.00 price target on shares of Bentley Systems in a research note on Monday, August 10th.

Institutional Trading of Bentley Systems

Several institutional investors have recently added to or reduced their stakes in BSY. Cresset Asset Management LLC boosted its holdings in Bentley Systems by 6.5% in the third quarter. Cresset Asset Management LLC now owns 4,882 shares of the company's stock worth $251,000 after purchasing an additional 296 shares during the period. Public Employees Retirement System of Ohio increased its stake in shares of Bentley Systems by 0.6% in the third quarter. Public Employees Retirement System of Ohio now owns 49,175 shares of the company's stock valued at $2,532,000 after purchasing an additional 305 shares during the period. Lansforsakringar Fondforvaltning AB publ raised its holdings in shares of Bentley Systems by 0.7% during the fourth quarter. Lansforsakringar Fondforvaltning AB publ now owns 50,048 shares of the company's stock valued at $1,910,000 after buying an additional 326 shares during the last quarter. National Pension Service raised its holdings in shares of Bentley Systems by 63.0% during the fourth quarter. National Pension Service now owns 880 shares of the company's stock valued at $34,000 after buying an additional 340 shares during the last quarter. Finally, Global Retirement Partners LLC boosted its position in shares of Bentley Systems by 63.7% during the fourth quarter. Global Retirement Partners LLC now owns 889 shares of the company's stock worth $34,000 after buying an additional 346 shares during the period. Institutional investors and hedge funds own 44.16% of the company's stock.

Bentley Systems Stock Performance

Shares of Bentley Systems stock opened at $37.30 on Monday. The firm has a market capitalization of $10.84 billion, a price-to-earnings ratio of 40.99, a PEG ratio of 2.35 and a beta of 0.98. Bentley Systems has a fifty-two week low of $28.08 and a fifty-two week high of $57.25. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.59 and a current ratio of 0.59. The stock has a 50 day moving average of $33.52 and a 200 day moving average of $33.98.

Bentley Systems (NASDAQ:BSY - Get Free Report) last posted its earnings results on Thursday, August 6th. The company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.03. Bentley Systems had a return on equity of 28.43% and a net margin of 18.10%.The company had revenue of $410.73 million during the quarter, compared to analysts' expectations of $412.12 million. During the same quarter last year, the firm earned $0.32 earnings per share. The firm's quarterly revenue was up 12.8% compared to the same quarter last year. As a group, research analysts predict that Bentley Systems will post 1.19 earnings per share for the current year.

About Bentley Systems

Bentley Systems, Inc is a global software provider specializing in infrastructure engineering applications for the design, construction, and operations of roads, bridges, rail and transit systems, water and wastewater networks, power plants and grids, industrial facilities, and communications infrastructure. Founded in 1984 by brothers Keith and Barry Bentley, the company is headquartered in Exton, Pennsylvania, and maintains offices and development centers across North America, Europe, Asia, and Australia.

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