Bentley Systems, Incorporated (NASDAQ:BSY) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Bentley Systems, Incorporated (NASDAQ:BSY) has been assigned an average rating of “Moderate Buy” from the fifteen brokerages that are presently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, five have issued a hold rating and nine have issued a buy rating on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $45.5385.

Several research firms have recently commented on BSY. BNP Paribas Exane started coverage on shares of Bentley Systems in a report on Thursday, June 18th. They issued an “outperform” rating and a $40.00 target price on the stock. Bank of America assumed coverage on shares of Bentley Systems in a report on Tuesday, May 12th. They issued a “buy” rating and a $40.00 price target for the company. Weiss Ratings raised shares of Bentley Systems from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, June 30th. Piper Sandler upgraded shares of Bentley Systems from a “neutral” rating to an “overweight” rating and upped their price target for the company from $42.00 to $45.00 in a report on Friday, May 8th. Finally, Zacks Research downgraded Bentley Systems from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 21st.

Bentley Systems Stock Performance

NASDAQ BSY traded up $0.06 on Friday, reaching $31.67. 1,378,002 shares of the stock were exchanged, compared to its average volume of 3,662,048. The firm has a market capitalization of $9.26 billion, a PE ratio of 35.99, a PEG ratio of 2.04 and a beta of 1.00. Bentley Systems has a one year low of $28.08 and a one year high of $59.25. The company’s 50-day simple moving average is $31.80 and its two-hundred day simple moving average is $34.73. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.91.

Bentley Systems (NASDAQ:BSY) last issued its earnings results on Thursday, May 7th. The company reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.02. Bentley Systems had a net margin of 18.12% and a return on equity of 28.65%. The company had revenue of $424.18 million during the quarter, compared to the consensus estimate of $419.80 million. During the same quarter in the prior year, the firm posted $0.35 EPS. Bentley Systems’s quarterly revenue was up 14.5% compared to the same quarter last year. Analysts expect that Bentley Systems will post 1.2 EPS for the current fiscal year.

Bentley Systems Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, June 11th. Stockholders of record on Tuesday, June 2nd were given a dividend of $0.07 per share. The ex-dividend date of this dividend was Tuesday, June 2nd. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.9%. Bentley Systems’s dividend payout ratio (DPR) is 31.82%.

Institutional Trading of Bentley Systems

Several institutional investors and hedge funds have recently made changes to their positions in BSY. Cresset Asset Management LLC grew its position in Bentley Systems by 6.5% during the 3rd 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 raised its stake in shares of Bentley Systems by 0.6% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 49,175 shares of the company’s stock worth $2,532,000 after buying an additional 305 shares during the period. Lansforsakringar Fondforvaltning AB publ raised its position in Bentley Systems by 0.7% during the fourth quarter. Lansforsakringar Fondforvaltning AB publ now owns 50,048 shares of the company’s stock worth $1,910,000 after acquiring an additional 326 shares during the period. National Pension Service lifted its stake in Bentley Systems by 63.0% in the 4th quarter. National Pension Service now owns 880 shares of the company’s stock valued at $34,000 after buying an additional 340 shares in the last quarter. Finally, Global Retirement Partners LLC lifted its position in shares of Bentley Systems by 63.7% in the fourth quarter. Global Retirement Partners LLC now owns 889 shares of the company’s stock valued at $34,000 after acquiring an additional 346 shares in the last quarter. 44.16% of the stock is currently owned by institutional investors.

Bentley Systems Company Profile

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.