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

Bentley Systems, Incorporated (NASDAQ:BSY) has received a consensus rating of “Hold” from the fifteen ratings firms that are presently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $47.00.

Several research firms have recently commented on BSY. Oppenheimer cut their price objective on Bentley Systems from $53.00 to $43.00 and set an “outperform” rating for the company in a report on Friday, February 27th. Zacks Research downgraded Bentley Systems from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 21st. Mizuho cut their price objective on Bentley Systems from $50.00 to $45.00 and set an “outperform” rating for the company in a report on Friday, May 8th. Barclays cut their price objective on Bentley Systems from $49.00 to $40.00 and set an “equal weight” rating for the company in a report on Friday, May 29th. Finally, Weiss Ratings cut Bentley Systems from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, April 15th.

Bentley Systems Trading Down 0.5%

NASDAQ BSY opened at $30.53 on Tuesday. The company has a market cap of $8.92 billion, a PE ratio of 34.69, a PEG ratio of 1.99 and a beta of 1.00. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.91. Bentley Systems has a 12 month low of $29.45 and a 12 month high of $59.25. The stock has a 50 day moving average of $33.10 and a 200-day moving average of $36.13.

Bentley Systems (NASDAQ:BSY) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.38 EPS for the quarter, beating the consensus estimate of $0.36 by $0.02. The company had revenue of $424.18 million during the quarter, compared to the consensus estimate of $419.80 million. Bentley Systems had a return on equity of 28.65% and a net margin of 18.12%.The firm’s revenue for the quarter was up 14.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.35 EPS. On average, equities research analysts anticipate that Bentley Systems will post 1.19 EPS for the current fiscal year.

Bentley Systems Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 11th. Investors of record on Tuesday, June 2nd were paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date was Tuesday, June 2nd. Bentley Systems’s dividend payout ratio is 31.82%.

Institutional Investors Weigh In On Bentley Systems

A number of large investors have recently added to or reduced their stakes in the business. Parallel Advisors LLC raised its stake in Bentley Systems by 49.5% in the 1st quarter. Parallel Advisors LLC now owns 2,445 shares of the company’s stock valued at $86,000 after acquiring an additional 810 shares during the period. Groupama Asset Managment raised its stake in Bentley Systems by 38.0% in the 1st quarter. Groupama Asset Managment now owns 14,821 shares of the company’s stock valued at $521,000 after acquiring an additional 4,085 shares during the period. Groupe la Francaise raised its stake in Bentley Systems by 76.3% in the 1st quarter. Groupe la Francaise now owns 109,266 shares of the company’s stock valued at $3,830,000 after acquiring an additional 47,273 shares during the period. Liontrust Investment Partners LLP raised its stake in Bentley Systems by 7.4% in the 1st quarter. Liontrust Investment Partners LLP now owns 7,349 shares of the company’s stock valued at $258,000 after acquiring an additional 505 shares during the period. Finally, Janus Henderson Group PLC raised its stake in Bentley Systems by 999.5% in the 1st quarter. Janus Henderson Group PLC now owns 75,500 shares of the company’s stock valued at $2,652,000 after acquiring an additional 68,633 shares during the period. Institutional investors own 44.16% of the company’s stock.

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.