Bentley Systems, Incorporated (NASDAQ:BSY) Given Average Recommendation of “Hold” by Analysts

Bentley Systems, Incorporated (NASDAQ:BSY) has received an average rating of “Hold” from the thirteen ratings firms that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating on the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $48.50.

BSY has been the subject of several research analyst reports. UBS Group lowered their price objective on Bentley Systems from $60.00 to $40.00 and set a “neutral” rating for the company in a report on Monday, February 23rd. Rosenblatt Securities reduced their target price on Bentley Systems from $58.00 to $50.00 and set a “buy” rating on the stock in a report on Tuesday, February 24th. Piper Sandler decreased their target price on Bentley Systems from $45.00 to $42.00 and set a “neutral” rating for the company in a research report on Monday, March 2nd. Barclays boosted their price target on Bentley Systems from $47.00 to $49.00 and gave the company an “equal weight” rating in a report on Friday, March 6th. Finally, Oppenheimer dropped their price target on Bentley Systems from $53.00 to $43.00 and set an “outperform” rating on the stock in a research report on Friday, February 27th.

Bentley Systems Price Performance

Shares of BSY stock opened at $34.20 on Thursday. The firm has a fifty day moving average of $36.01 and a two-hundred day moving average of $42.05. The firm has a market cap of $9.96 billion, a P/E ratio of 39.77, a P/E/G ratio of 2.39 and a beta of 1.16. Bentley Systems has a 1-year low of $30.97 and a 1-year high of $59.25. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.56 and a quick ratio of 0.56.

Bentley Systems (NASDAQ:BSY) last issued its earnings results on Thursday, February 26th. The company reported $0.27 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.27. Bentley Systems had a net margin of 18.50% and a return on equity of 28.82%. The business had revenue of $391.58 million for the quarter, compared to analyst estimates of $381.79 million. During the same quarter in the prior year, the business posted $0.21 EPS. The company’s revenue for the quarter was up 11.9% on a year-over-year basis. As a group, research analysts anticipate that Bentley Systems will post 0.88 earnings per share for the current fiscal year.

Bentley Systems Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 19th. Shareholders of record on Tuesday, March 10th were paid a dividend of $0.07 per share. The ex-dividend date was Tuesday, March 10th. This represents a $0.28 annualized dividend and a yield of 0.8%. Bentley Systems’s payout ratio is presently 32.56%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Vanguard Group Inc. boosted its holdings in shares of Bentley Systems by 10.7% in the 3rd quarter. Vanguard Group Inc. now owns 18,607,657 shares of the company’s stock valued at $957,922,000 after buying an additional 1,792,591 shares during the period. Swedbank AB raised its stake in Bentley Systems by 18.5% during the fourth quarter. Swedbank AB now owns 8,589,201 shares of the company’s stock worth $327,807,000 after acquiring an additional 1,338,706 shares during the period. Geode Capital Management LLC lifted its holdings in Bentley Systems by 6.6% in the fourth quarter. Geode Capital Management LLC now owns 3,468,512 shares of the company’s stock worth $132,060,000 after acquiring an additional 216,257 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in Bentley Systems by 8.9% in the fourth quarter. Bank of New York Mellon Corp now owns 3,185,756 shares of the company’s stock worth $121,584,000 after acquiring an additional 259,780 shares during the last quarter. Finally, William Blair Investment Management LLC acquired a new position in Bentley Systems in the third quarter valued at approximately $150,903,000. 44.16% of the stock is currently owned by institutional investors.

About Bentley Systems

Bentley Systems, Inc is a global software provider specializing in infrastructure engineering applications for the design, construction, and operations of roads, bridges, rail and transit systems, water and wastewater networks, power plants and grids, industrial facilities, and communications infrastructure. Founded in 1984 by brothers Keith and Barry Bentley, the company is headquartered in Exton, Pennsylvania, and maintains offices and development centers across North America, Europe, Asia, and Australia.