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

Bentley Systems, Incorporated (NASDAQ:BSY) has been assigned a consensus rating of “Moderate Buy” from the seven brokerages that are presently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating on the company. The average twelve-month target price among analysts that have covered the stock in the last year is $59.50.

Several equities research analysts have issued reports on BSY shares. Piper Sandler boosted their price target on shares of Bentley Systems from $63.00 to $65.00 and gave the company an “overweight” rating in a report on Friday, November 8th. Royal Bank of Canada reissued an “outperform” rating and issued a $61.00 price target on shares of Bentley Systems in a report on Wednesday, August 7th. Rosenblatt Securities reissued a “buy” rating and issued a $62.00 price target on shares of Bentley Systems in a report on Friday, November 8th. Finally, The Goldman Sachs Group lowered their price target on shares of Bentley Systems from $57.00 to $50.00 and set a “neutral” rating on the stock in a report on Wednesday, August 7th.

Insider Buying and Selling

In related news, Director Raymond B. Bentley sold 91,045 shares of the stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $49.43, for a total value of $4,500,354.35. Following the completion of the sale, the director now directly owns 16,598,656 shares of the company’s stock, valued at approximately $820,471,566.08. This represents a 0.55 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Barry J. Bentley sold 50,000 shares of the stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $50.20, for a total value of $2,510,000.00. Following the completion of the sale, the director now directly owns 12,298,230 shares of the company’s stock, valued at $617,371,146. The trade was a 0.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 326,032 shares of company stock valued at $16,168,176 over the last ninety days. 21.12% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Swedbank AB boosted its stake in Bentley Systems by 514.5% in the 2nd quarter. Swedbank AB now owns 4,134,295 shares of the company’s stock worth $204,069,000 after purchasing an additional 3,461,500 shares during the period. Impax Asset Management Group plc bought a new position in Bentley Systems in the 3rd quarter worth about $88,771,000. Fiera Capital Corp bought a new position in Bentley Systems in the 3rd quarter worth about $42,773,000. Kayne Anderson Rudnick Investment Management LLC boosted its stake in Bentley Systems by 3.9% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 15,778,600 shares of the company’s stock worth $778,832,000 after purchasing an additional 586,458 shares during the period. Finally, Creative Planning boosted its stake in Bentley Systems by 67.9% in the 2nd quarter. Creative Planning now owns 1,091,058 shares of the company’s stock worth $53,855,000 after purchasing an additional 441,316 shares during the period. Institutional investors own 44.16% of the company’s stock.

Bentley Systems Trading Up 1.5 %

Bentley Systems stock opened at $48.51 on Monday. The firm’s 50-day moving average is $49.30 and its 200-day moving average is $49.96. 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 1 year low of $43.82 and a 1 year high of $57.19. The company has a market cap of $14.10 billion, a P/E ratio of 43.70, a PEG ratio of 4.08 and a beta of 1.04.

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 the consensus estimate of $0.24. Bentley Systems had a net margin of 27.73% and a return on equity of 29.50%. The firm 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 firm posted $0.18 EPS. Bentley Systems’s quarterly revenue was up 9.3% compared to the same quarter last year. On average, equities analysts expect that Bentley Systems will post 0.88 earnings per share for the current year.

Bentley Systems Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 26th. Stockholders of record on Tuesday, September 17th were paid a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.49%. The ex-dividend date was Tuesday, September 17th. Bentley Systems’s payout ratio is 21.62%.

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.