Bentley Systems, Incorporated (NASDAQ:BSY) Receives $61.29 Consensus PT from Analysts

Shares of Bentley Systems, Incorporated (NASDAQ:BSYGet Free Report) have been assigned a consensus recommendation of “Moderate Buy” from the nine analysts that are presently covering the stock, Marketbeat reports. One research analyst has rated the stock with a hold rating and eight have issued a buy rating on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $61.29.

A number of brokerages have weighed in on BSY. Rosenblatt Securities reaffirmed a “buy” rating and issued a $60.00 price target on shares of Bentley Systems in a research report on Tuesday, April 30th. Mizuho boosted their price target on Bentley Systems from $57.00 to $60.00 and gave the stock a “buy” rating in a research report on Wednesday, May 8th. Robert W. Baird boosted their price target on Bentley Systems from $58.00 to $59.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 6th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $61.00 price target on shares of Bentley Systems in a research report on Wednesday, February 28th. Finally, William Blair began coverage on Bentley Systems in a research report on Thursday, March 28th. They issued an “outperform” rating for the company.

Check Out Our Latest Analysis on BSY

Bentley Systems Price Performance

BSY opened at $50.24 on Monday. The stock has a market cap of $14.49 billion, a price-to-earnings ratio of 46.95, a PEG ratio of 4.44 and a beta of 1.08. Bentley Systems has a 1 year low of $44.76 and a 1 year high of $57.19. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 1.53. The stock has a fifty day moving average price of $52.46 and a 200 day moving average price of $51.42.

Bentley Systems (NASDAQ:BSYGet Free Report) last released its quarterly earnings data on Tuesday, May 7th. The company reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.21 by $0.04. The firm had revenue of $337.76 million during the quarter, compared to analysts’ expectations of $335.00 million. Bentley Systems had a return on equity of 32.62% and a net margin of 28.09%. Analysts forecast that Bentley Systems will post 0.85 EPS for the current fiscal year.

Bentley Systems Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 13th. Investors of record on Tuesday, June 4th will be given a dividend of $0.06 per share. The ex-dividend date is Tuesday, June 4th. This represents a $0.24 annualized dividend and a dividend yield of 0.48%. Bentley Systems’s dividend payout ratio is presently 22.43%.

Insider Buying and Selling

In other Bentley Systems news, Director Keith A. Bentley sold 17,021 shares of the company’s stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $55.00, for a total value of $936,155.00. Following the completion of the transaction, the director now owns 17,150,752 shares of the company’s stock, valued at approximately $943,291,360. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Bentley Systems news, Director Keith A. Bentley sold 59,420 shares of the company’s stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $55.01, for a total value of $3,268,694.20. Following the completion of the transaction, the director now owns 16,972,383 shares of the company’s stock, valued at approximately $933,650,788.83. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Keith A. Bentley sold 17,021 shares of the company’s stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $55.00, for a total value of $936,155.00. Following the completion of the transaction, the director now directly owns 17,150,752 shares of the company’s stock, valued at approximately $943,291,360. The disclosure for this sale can be found here. In the last 90 days, insiders sold 284,315 shares of company stock valued at $15,148,243. Insiders own 21.12% of the company’s stock.

Hedge Funds Weigh In On Bentley Systems

Several large investors have recently added to or reduced their stakes in BSY. Vanguard Group Inc. grew its stake in shares of Bentley Systems by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 22,252,050 shares of the company’s stock valued at $1,162,002,000 after purchasing an additional 134,516 shares during the period. Kayne Anderson Rudnick Investment Management LLC grew its stake in shares of Bentley Systems by 4.5% in the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 13,516,480 shares of the company’s stock valued at $677,987,000 after purchasing an additional 578,512 shares during the period. Artisan Partners Limited Partnership grew its stake in shares of Bentley Systems by 1.9% in the 3rd quarter. Artisan Partners Limited Partnership now owns 5,446,498 shares of the company’s stock valued at $273,196,000 after purchasing an additional 100,207 shares during the period. Northern Trust Corp grew its position in Bentley Systems by 6.5% during the 3rd quarter. Northern Trust Corp now owns 1,625,197 shares of the company’s stock worth $81,520,000 after acquiring an additional 99,319 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in Bentley Systems by 2.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,430,019 shares of the company’s stock worth $74,618,000 after acquiring an additional 28,285 shares during the last quarter. Institutional investors and hedge funds own 44.16% of the company’s stock.

About Bentley Systems

(Get Free Report

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.

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Analyst Recommendations for Bentley Systems (NASDAQ:BSY)

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