Bentley Systems, Incorporated (BSY) to Issue Quarterly Dividend of $0.07 on June 11th

Bentley Systems, Incorporated (NASDAQ:BSY) announced a quarterly dividend on Thursday, May 21st. Shareholders of record on Tuesday, June 2nd will be paid a dividend of 0.07 per share on Thursday, June 11th. This represents a c) annualized dividend and a yield of 0.9%. The ex-dividend date is Tuesday, June 2nd.

Bentley Systems has increased its dividend payment by an average of 0.6%annually over the last three years and has raised its dividend annually for the last 3 consecutive years. Bentley Systems has a dividend payout ratio of 21.1% meaning its dividend is sufficiently covered by earnings. Analysts expect Bentley Systems to earn $1.36 per share next year, which means the company should continue to be able to cover its $0.28 annual dividend with an expected future payout ratio of 20.6%.

Bentley Systems Trading Up 1.4%

Shares of Bentley Systems stock opened at $32.64 on Friday. The firm has a market capitalization of $9.54 billion, a PE ratio of 37.09, a price-to-earnings-growth ratio of 2.12 and a beta of 1.01. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.51 and a quick ratio of 0.51. The company’s fifty day moving average price is $33.85 and its two-hundred day moving average price is $36.94. Bentley Systems has a 52-week low of $30.52 and a 52-week high of $59.25.

Bentley Systems (NASDAQ:BSY) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.02. The firm had revenue of $424.18 million for the quarter, compared to analyst estimates of $419.80 million. Bentley Systems had a net margin of 18.12% and a return on equity of 28.65%. The business’s revenue for the quarter was up 14.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.35 EPS. On average, analysts expect that Bentley Systems will post 1.19 EPS for the current year.

Analyst Ratings Changes

BSY has been the topic of several analyst reports. UBS Group lowered their price target on shares of Bentley Systems from $43.00 to $40.00 and set a “neutral” rating on the stock in a report on Monday, May 4th. Weiss Ratings lowered shares of Bentley Systems from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, April 15th. Rosenblatt Securities dropped their target price on shares of Bentley Systems from $58.00 to $50.00 and set a “buy” rating for the company in a research report on Tuesday, February 24th. Bank of America assumed coverage on shares of Bentley Systems in a research report on Tuesday, May 12th. They set a “buy” rating and a $40.00 target price for the company. Finally, Piper Sandler upgraded shares of Bentley Systems from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $42.00 to $45.00 in a research report on Friday, May 8th. Nine investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $47.00.

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.