Bentley Systems, Incorporated (NASDAQ:BSY) Receives $52.00 Consensus PT from Analysts

Shares of Bentley Systems, Incorporated (NASDAQ:BSY) have been given a consensus rating of “Moderate Buy” by the ten brokerages that are covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and seven have issued a buy recommendation on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $52.00.

Several research analysts recently weighed in on the company. Royal Bank of Canada lifted their price target on Bentley Systems from $53.00 to $55.00 and gave the company an “outperform” rating in a research report on Thursday, May 8th. JPMorgan Chase & Co. decreased their target price on Bentley Systems from $52.00 to $45.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 9th. Rosenblatt Securities decreased their price objective on shares of Bentley Systems from $62.00 to $53.00 and set a “buy” rating on the stock in a report on Monday, May 5th. Oppenheimer upped their price target on shares of Bentley Systems from $49.00 to $50.00 and gave the stock an “outperform” rating in a research report on Thursday, May 8th. Finally, The Goldman Sachs Group downgraded Bentley Systems from a “neutral” rating to a “sell” rating and reduced their price objective for the company from $51.00 to $42.00 in a research note on Friday, February 28th.

Bentley Systems Price Performance

Shares of NASDAQ BSY opened at $47.95 on Monday. Bentley Systems has a 52 week low of $36.51 and a 52 week high of $57.19. The business’s 50 day moving average price is $42.49 and its 200 day moving average price is $45.57. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 1.37. The firm has a market cap of $13.99 billion, a P/E ratio of 43.20, a P/E/G ratio of 3.52 and a beta of 1.05.

Bentley Systems (NASDAQ:BSY) last issued its earnings results on Wednesday, May 7th. The company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.05. Bentley Systems had a net margin of 27.73% and a return on equity of 29.50%. The firm had revenue of $370.54 million during the quarter, compared to analysts’ expectations of $366.76 million. During the same quarter last year, the company posted $0.31 earnings per share. The firm’s revenue was up 9.7% compared to the same quarter last year. On average, sell-side analysts expect that Bentley Systems will post 0.88 earnings per share for the current year.

Bentley Systems Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Wednesday, March 19th were issued a $0.07 dividend. This is a positive change from Bentley Systems’s previous quarterly dividend of $0.06. This represents a $0.28 annualized dividend and a yield of 0.58%. The ex-dividend date of this dividend was Wednesday, March 19th. Bentley Systems’s payout ratio is 35.44%.

Insider Activity at Bentley Systems

In other Bentley Systems news, CRO Brock Ballard sold 12,363 shares of the stock in a transaction that occurred on Wednesday, May 7th. The shares were sold at an average price of $45.08, for a total transaction of $557,324.04. Following the sale, the executive now directly owns 68,064 shares in the company, valued at $3,068,325.12. This represents a 15.37% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 20.56% of the stock is owned by insiders.

Institutional Investors Weigh In On Bentley Systems

Large investors have recently bought and sold shares of the stock. City Holding Co. acquired a new position in Bentley Systems during the 1st quarter worth approximately $26,000. Larson Financial Group LLC lifted its position in shares of Bentley Systems by 1,707.1% during the 1st quarter. Larson Financial Group LLC now owns 759 shares of the company’s stock worth $30,000 after buying an additional 717 shares during the last quarter. Fifth Third Bancorp lifted its position in Bentley Systems by 106.6% in the first quarter. Fifth Third Bancorp now owns 843 shares of the company’s stock valued at $33,000 after acquiring an additional 435 shares during the last quarter. Private Trust Co. NA grew its holdings in shares of Bentley Systems by 61.1% during the fourth quarter. Private Trust Co. NA now owns 997 shares of the company’s stock worth $47,000 after purchasing an additional 378 shares during the last quarter. Finally, HM Payson & Co. purchased a new stake in shares of Bentley Systems in the 1st quarter valued at about $45,000. Hedge funds and other institutional investors own 44.16% of the company’s stock.

Bentley Systems Company Profile

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.