Bentley Systems, Incorporated (NASDAQ:BSY) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Bentley Systems, Incorporated (NASDAQ:BSY) have received an average rating of “Moderate Buy” from the eight ratings firms that are covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $56.14.

A number of brokerages have weighed in on BSY. Oppenheimer downgraded Bentley Systems from an “outperform” rating to a “market perform” rating in a report on Thursday, February 27th. Rosenblatt Securities reiterated a “buy” rating and issued a $62.00 target price on shares of Bentley Systems in a report on Tuesday, February 25th. JPMorgan Chase & Co. assumed coverage on Bentley Systems in a report on Monday, December 9th. They set a “neutral” rating and a $52.00 price target on the stock. Piper Sandler lowered their price objective on shares of Bentley Systems from $65.00 to $57.00 and set an “overweight” rating for the company in a research note on Wednesday, January 8th. Finally, The Goldman Sachs Group lowered shares of Bentley Systems from a “neutral” rating to a “sell” rating and cut their target price for the stock from $51.00 to $42.00 in a research note on Friday, February 28th.

Insiders Place Their Bets

In other news, Director Keith A. Bentley sold 1,152 shares of the stock in a transaction that occurred 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 completion of the sale, the director now directly owns 16,703,876 shares of the company’s stock, valued at $773,890,575.08. This represents a 0.01 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 21.12% of the company’s stock.

Institutional Investors Weigh In On Bentley Systems

Several institutional investors have recently bought and sold shares of BSY. Lansforsakringar Fondforvaltning AB publ purchased a new position in Bentley Systems during the fourth quarter worth about $2,392,000. Siemens Fonds Invest GmbH purchased a new position in shares of Bentley Systems in the 4th quarter worth approximately $391,000. Ameriflex Group Inc. bought a new position in shares of Bentley Systems in the fourth quarter valued at approximately $75,000. Cache Advisors LLC bought a new position in shares of Bentley Systems in the fourth quarter valued at approximately $293,000. Finally, Voloridge Investment Management LLC increased its position in shares of Bentley Systems by 187.6% during the fourth quarter. Voloridge Investment Management LLC now owns 324,175 shares of the company’s stock valued at $15,139,000 after acquiring an additional 211,476 shares during the last quarter. Institutional investors own 44.16% of the company’s stock.

Bentley Systems Trading Down 4.3 %

NASDAQ:BSY opened at $40.36 on Friday. Bentley Systems has a 52 week low of $39.98 and a 52 week high of $57.19. The firm’s fifty day moving average is $44.58 and its 200-day moving average is $47.22. The firm has a market cap of $11.77 billion, a P/E ratio of 36.36, a P/E/G ratio of 3.52 and a beta of 1.04. 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 Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Wednesday, March 19th were paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 0.69%. The ex-dividend date of this dividend was Wednesday, March 19th. This is a positive change from Bentley Systems’s previous quarterly dividend of $0.06. Bentley Systems’s payout ratio is 38.36%.

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.