Bentley Systems, Incorporated (NASDAQ:BSY) Receives $57.29 Consensus PT from Brokerages

Shares of Bentley Systems, Incorporated (NASDAQ:BSY) have been assigned a consensus rating of “Moderate Buy” from the seven analysts that are covering the company, Marketbeat.com reports. Two analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $57.00.

Several research analysts have commented on the company. JPMorgan Chase & Co. assumed coverage on Bentley Systems in a research report on Monday, December 9th. They issued a “neutral” rating and a $52.00 price target on the stock. Piper Sandler dropped their price target on Bentley Systems from $65.00 to $57.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 8th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and issued a $62.00 price target on shares of Bentley Systems in a research report on Friday, November 8th.

Bentley Systems Stock Up 0.6 %

Shares of BSY stock opened at $46.99 on Friday. The stock’s 50 day simple moving average is $47.33 and its 200 day simple moving average is $48.53. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.52 and a current ratio of 0.52. Bentley Systems has a twelve month low of $43.82 and a twelve month high of $57.19. The company has a market capitalization of $13.66 billion, a price-to-earnings ratio of 42.33, a PEG ratio of 3.48 and a beta of 1.03.

Bentley Systems (NASDAQ:BSY) last issued its quarterly earnings data on Thursday, November 7th. The company reported $0.24 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.24. Bentley Systems had a return on equity of 29.50% and a net margin of 27.73%. The business had revenue of $335.17 million for the quarter, compared to the consensus estimate of $340.36 million. During the same period last year, the business earned $0.18 EPS. The firm’s revenue was up 9.3% compared to the same quarter last year. As a group, research analysts predict that Bentley Systems will post 0.88 EPS for the current year.

Bentley Systems Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Tuesday, December 3rd were issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.51%. The ex-dividend date was Tuesday, December 3rd. Bentley Systems’s payout ratio is presently 21.62%.

Insider Transactions at Bentley Systems

In related news, Director Keith A. Bentley sold 1,152 shares of the business’s stock in a transaction on Friday, January 24th. The stock was sold at an average price of $46.33, for a total value of $53,372.16. Following the sale, the director now owns 16,703,876 shares of the company’s stock, valued at $773,890,575.08. The trade was a 0.01 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 21.12% of the stock is owned by insiders.

Institutional Trading of Bentley Systems

Several institutional investors have recently bought and sold shares of BSY. Point72 Hong Kong Ltd acquired a new stake in Bentley Systems in the 3rd quarter valued at $30,000. Central Pacific Bank Trust Division boosted its stake in Bentley Systems by 57.1% in the 3rd quarter. Central Pacific Bank Trust Division now owns 759 shares of the company’s stock valued at $39,000 after buying an additional 276 shares in the last quarter. Private Trust Co. NA boosted its stake in Bentley Systems by 61.1% in the 4th quarter. Private Trust Co. NA now owns 997 shares of the company’s stock valued at $47,000 after buying an additional 378 shares in the last quarter. Tobam acquired a new stake in Bentley Systems in the 4th quarter valued at $55,000. Finally, Livforsakringsbolaget Skandia Omsesidigt boosted its stake in Bentley Systems by 500.0% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,200 shares of the company’s stock valued at $61,000 after buying an additional 1,000 shares in the last quarter. Institutional investors and hedge funds 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.