Bentley Systems, Incorporated (NASDAQ:BSY) Stock Has Consensus Target Price of $44.77

Key Points

• Analysts rate Bentley Systems a “Moderate Buy”: Ten of 15 analysts recommend buying the stock, while five rate it a hold. The consensus 12-month price target is $44.77, above the reported share price of $36.73.
• Bentley Systems reported quarterly EPS of $0.35, exceeding the $0.32 consensus estimate, while revenue rose 12.8% year over year to $410.73 million. Analysts expect full-year EPS of approximately $1.21.
• The company pays a quarterly dividend of $0.07, equivalent to an annualized $0.28 and a 0.8% yield; institutional investors own 44.16% of its shares.

Shares of Bentley Systems, Incorporated (NASDAQ:BSY - Get Free Report) have earned a consensus rating of "Moderate Buy" from the fifteen ratings firms that are covering the company, Marketbeat.com reports. Five analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $44.77.

Several research firms have issued reports on BSY. BMO Capital Markets raised their price target on shares of Bentley Systems from $41.00 to $43.00 and gave the stock an "outperform" rating in a research report on Friday, August 7th. Rosenblatt Securities restated a "buy" rating and set a $50.00 price objective on shares of Bentley Systems in a report on Monday, August 10th. Piper Sandler reaffirmed an "overweight" rating and set a $45.00 price objective on shares of Bentley Systems in a research report on Friday, August 7th. Weiss Ratings upgraded Bentley Systems from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Friday, October 2nd. Finally, Cantor Fitzgerald upped their price target on Bentley Systems from $37.00 to $42.00 and gave the company an "overweight" rating in a report on Friday.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Physician Wealth Advisors Inc. increased its holdings in Bentley Systems by 80.2% in the 1st quarter. Physician Wealth Advisors Inc. now owns 791 shares of the company's stock valued at $28,000 after buying an additional 352 shares during the period. CX Institutional lifted its holdings in shares of Bentley Systems by 898.9% during the 2nd quarter. CX Institutional now owns 939 shares of the company's stock worth $28,000 after acquiring an additional 845 shares during the period. Summit Securities Group LLC bought a new position in shares of Bentley Systems during the 1st quarter worth about $34,000. Harbor Investment Advisory LLC bought a new position in shares of Bentley Systems during the 2nd quarter worth about $30,000. Finally, Parallel Advisors LLC lifted its holdings in shares of Bentley Systems by 49.5% during the 1st quarter. Parallel Advisors LLC now owns 2,445 shares of the company's stock worth $86,000 after acquiring an additional 810 shares during the period. 44.16% of the stock is owned by institutional investors.

Bentley Systems Stock Up 3.8%

BSY opened at $36.73 on Tuesday. The business has a 50 day moving average of $34.29 and a 200-day moving average of $33.26. The stock has a market capitalization of $10.67 billion, a price-to-earnings ratio of 40.36, a P/E/G ratio of 2.21 and a beta of 0.99. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 1.01. Bentley Systems has a 1-year low of $28.08 and a 1-year high of $52.85.

Bentley Systems (NASDAQ:BSY - Get Free Report) last announced its earnings results on Thursday, August 6th. The company reported $0.35 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.32 by $0.03. The business had revenue of $410.73 million for the quarter, compared to analyst estimates of $412.12 million. Bentley Systems had a net margin of 18.10% and a return on equity of 28.43%. Bentley Systems's revenue was up 12.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.32 earnings per share. As a group, sell-side analysts anticipate that Bentley Systems will post 1.21 earnings per share for the current year.

Bentley Systems Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 29th. Investors of record on Tuesday, September 22nd were paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Tuesday, September 22nd. Bentley Systems's dividend payout ratio is presently 30.77%.

About Bentley Systems

Bentley Systems, Incorporated is a software company that develops solutions for the design, construction, and operation of infrastructure. Its customers include engineers, architects, geospatial professionals, construction firms, and infrastructure owner-operators in sectors such as transportation, water, utilities, industrial facilities, and buildings.

The company's product portfolio includes MicroStation for infrastructure design, ProjectWise for project collaboration, AssetWise for asset performance and operations, and SYNCHRO for construction management.

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