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

Bentley Systems, Incorporated (NASDAQ:BSY) has been assigned an average rating of “Moderate Buy” from the ten research firms that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is $52.00.

Several equities analysts have issued reports on the company. Mizuho cut their target price on Bentley Systems from $60.00 to $50.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 15th. Oppenheimer raised their price target on shares of Bentley Systems from $49.00 to $50.00 and gave the company an “outperform” rating in a report on Thursday, May 8th. Royal Bank Of Canada boosted their price objective on shares of Bentley Systems from $53.00 to $55.00 and gave the stock an “outperform” rating in a research note on Thursday, May 8th. UBS Group increased their target price on shares of Bentley Systems from $48.00 to $53.00 and gave the company a “neutral” rating in a research report on Thursday, May 8th. Finally, JPMorgan Chase & Co. cut their price target on shares of Bentley Systems from $52.00 to $45.00 and set a “neutral” rating on the stock in a report on Wednesday, April 9th.

Bentley Systems Stock Performance

Shares of BSY stock opened at $56.73 on Tuesday. The firm has a market cap of $16.55 billion, a price-to-earnings ratio of 71.80, a PEG ratio of 4.40 and a beta of 1.09. Bentley Systems has a 52-week low of $36.51 and a 52-week high of $55.50. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 1.13. The company’s 50 day moving average is $48.46 and its 200 day moving average is $45.84.

Bentley Systems (NASDAQ:BSY) last announced its earnings results on Wednesday, May 7th. The company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.05. The business had revenue of $370.54 million for the quarter, compared to analysts’ expectations of $366.76 million. Bentley Systems had a return on equity of 29.18% and a net margin of 18.46%. The business’s revenue for the quarter was up 9.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.31 EPS. On average, sell-side analysts anticipate that Bentley Systems will post 0.88 EPS for the current fiscal year.

Bentley Systems Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, June 12th. Shareholders of record on Tuesday, June 3rd were paid a dividend of $0.07 per share. The ex-dividend date of this dividend was Tuesday, June 3rd. This represents a $0.28 dividend on an annualized basis and a yield of 0.49%. Bentley Systems’s payout ratio is 35.44%.

Insiders Place Their Bets

In other Bentley Systems news, Director Raymond B. Bentley sold 355,103 shares of Bentley Systems stock in a transaction dated Monday, June 16th. The stock was sold at an average price of $49.96, for a total transaction of $17,740,945.88. Following the completion of the sale, the director owned 15,992,321 shares of the company’s stock, valued at approximately $798,976,357.16. The trade was a 2.17% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CRO Brock Ballard sold 12,363 shares of the firm’s stock in a transaction dated Wednesday, May 7th. The stock was sold at an average price of $45.08, for a total value of $557,324.04. Following the completion of the transaction, the executive owned 68,064 shares of the company’s stock, valued at approximately $3,068,325.12. The trade was a 15.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,012,363 shares of company stock valued at $50,872,826. Corporate insiders own 20.56% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its stake in shares of Bentley Systems by 5.3% in the 1st quarter. Vanguard Group Inc. now owns 17,999,856 shares of the company’s stock valued at $708,114,000 after purchasing an additional 898,115 shares during the period. Kayne Anderson Rudnick Investment Management LLC increased its position in shares of Bentley Systems by 1.0% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 16,167,441 shares of the company’s stock valued at $636,027,000 after buying an additional 160,496 shares in the last quarter. Swedbank AB lifted its position in shares of Bentley Systems by 1.6% during the 1st quarter. Swedbank AB now owns 7,119,208 shares of the company’s stock valued at $280,070,000 after buying an additional 111,884 shares in the last quarter. Pictet Asset Management Holding SA grew its stake in Bentley Systems by 0.4% in the 4th quarter. Pictet Asset Management Holding SA now owns 5,614,750 shares of the company’s stock valued at $262,209,000 after acquiring an additional 24,019 shares during the period. Finally, Bessemer Group Inc. increased its holdings in Bentley Systems by 8,187,760.9% in the 1st quarter. Bessemer Group Inc. now owns 1,883,208 shares of the company’s stock worth $74,086,000 after acquiring an additional 1,883,185 shares in the last quarter. 44.16% of the stock is owned by institutional investors and hedge funds.

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.