Analysts Set Bentley Systems, Incorporated (NASDAQ:BSY) Target Price at $53.00

Shares of Bentley Systems, Incorporated (NASDAQ:BSY) have earned an average rating of “Moderate Buy” from the thirteen analysts that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and eight have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $53.00.

A number of equities analysts have recently issued reports on BSY shares. Rosenblatt Securities reissued a “buy” rating and set a $58.00 price target on shares of Bentley Systems in a research note on Thursday, November 6th. Royal Bank Of Canada reduced their price objective on Bentley Systems from $65.00 to $48.00 and set an “outperform” rating on the stock in a report on Monday, January 5th. JPMorgan Chase & Co. decreased their price objective on Bentley Systems from $56.00 to $51.00 and set a “neutral” rating on the stock in a research report on Thursday, November 6th. Weiss Ratings reissued a “hold (c)” rating on shares of Bentley Systems in a research note on Wednesday, January 21st. Finally, Robert W. Baird set a $55.00 price target on Bentley Systems in a research note on Wednesday, January 7th.

Institutional Trading of Bentley Systems

A number of institutional investors have recently bought and sold shares of BSY. Geneos Wealth Management Inc. lifted its stake in shares of Bentley Systems by 1,529.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 668 shares of the company’s stock valued at $26,000 after purchasing an additional 627 shares during the period. Maryland State Retirement & Pension System increased its holdings in Bentley Systems by 16.8% in the second quarter. Maryland State Retirement & Pension System now owns 7,650 shares of the company’s stock valued at $413,000 after purchasing an additional 1,101 shares during the last quarter. Blair William & Co. IL boosted its holdings in Bentley Systems by 6.2% during the second quarter. Blair William & Co. IL now owns 19,245 shares of the company’s stock worth $1,039,000 after buying an additional 1,116 shares during the last quarter. Blue Trust Inc. grew its position in shares of Bentley Systems by 19.3% during the 2nd quarter. Blue Trust Inc. now owns 1,305 shares of the company’s stock worth $70,000 after buying an additional 211 shares during the period. Finally, Aberdeen Group plc bought a new stake in shares of Bentley Systems in the 2nd quarter valued at about $201,000. Institutional investors and hedge funds own 44.16% of the company’s stock.

Bentley Systems Price Performance

Shares of NASDAQ BSY opened at $34.10 on Wednesday. Bentley Systems has a 12-month low of $30.97 and a 12-month high of $59.25. The firm’s 50-day simple moving average is $38.02 and its 200 day simple moving average is $46.25. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 1.04. The company has a market cap of $9.96 billion, a price-to-earnings ratio of 40.60, a price-to-earnings-growth ratio of 2.36 and a beta of 1.21.

Bentley Systems Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 11th. Investors of record on Thursday, December 4th were paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend was Thursday, December 4th. Bentley Systems’s payout ratio is 33.33%.

Bentley Systems Company Profile

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.