Bentley Systems, Incorporated (NASDAQ:BSY) Receives $48.50 Consensus Target Price from Analysts

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

Several research analysts have weighed in on BSY shares. BMO Capital Markets reiterated an “outperform” rating on shares of Bentley Systems in a report on Monday, March 2nd. Weiss Ratings reiterated a “hold (c)” rating on shares of Bentley Systems in a report on Wednesday, January 21st. 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. Robert W. Baird set a $55.00 price objective on shares of Bentley Systems in a report on Wednesday, January 7th. Finally, Mizuho cut their price objective on shares of Bentley Systems from $62.00 to $50.00 and set an “outperform” rating on the stock in a report on Friday, February 27th.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Vanguard Group Inc. lifted its holdings in shares of Bentley Systems by 10.7% during the 3rd quarter. Vanguard Group Inc. now owns 18,607,657 shares of the company’s stock worth $957,922,000 after acquiring an additional 1,792,591 shares during the period. Swedbank AB boosted its holdings in Bentley Systems by 18.5% in the fourth quarter. Swedbank AB now owns 8,589,201 shares of the company’s stock valued at $327,807,000 after acquiring an additional 1,338,706 shares during the last quarter. Geode Capital Management LLC boosted 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 valued at $132,060,000 after acquiring an additional 216,257 shares during the last quarter. Bank of New York Mellon Corp boosted 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 valued at $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 $150,903,000. 44.16% of the stock is currently owned by hedge funds and other institutional investors.

Bentley Systems Stock Up 1.4%

Shares of NASDAQ BSY opened at $35.09 on Thursday. The firm’s 50 day moving average price is $35.76 and its 200 day moving average price is $41.60. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.56 and a current ratio of 0.56. The firm has a market cap of $10.22 billion, a P/E ratio of 40.80, a price-to-earnings-growth ratio of 2.36 and a beta of 1.16. Bentley Systems has a 1 year low of $30.97 and a 1 year high of $59.25.

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

Bentley Systems Announces Dividend

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

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.