Bentley Systems, Incorporated (BSY) to Issue Quarterly Dividend of $0.07 on March 19th

Bentley Systems, Incorporated (NASDAQ:BSY) announced a quarterly dividend on Monday, February 23rd. Shareholders of record on Tuesday, March 10th will be paid a dividend of 0.07 per share on Thursday, March 19th. This represents a c) annualized dividend and a yield of 0.7%. The ex-dividend date is Tuesday, March 10th.

Bentley Systems has raised its dividend by an average of 0.6%per year over the last three years and has raised its dividend every year for the last 3 years. Bentley Systems has a payout ratio of 21.1% meaning its dividend is sufficiently covered by earnings. Research analysts expect Bentley Systems to earn $1.01 per share next year, which means the company should continue to be able to cover its $0.28 annual dividend with an expected future payout ratio of 27.7%.

Bentley Systems Price Performance

Shares of Bentley Systems stock opened at $39.79 on Friday. The company’s fifty day simple moving average is $36.68 and its two-hundred day simple moving average is $44.18. Bentley Systems has a 12-month low of $30.97 and a 12-month high of $59.25. The firm has a market cap of $11.59 billion, a PE ratio of 46.27, a price-to-earnings-growth ratio of 2.78 and a beta of 1.18. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 1.05.

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

Analyst Ratings Changes

BSY has been the subject of a number of recent analyst reports. Piper Sandler lowered their price target 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. Weiss Ratings reiterated a “hold (c)” rating on shares of Bentley Systems in a research report on Wednesday, January 21st. BMO Capital Markets reissued an “outperform” rating on shares of Bentley Systems in a research note on Monday, March 2nd. Oppenheimer decreased their target price on Bentley Systems from $53.00 to $43.00 and set an “outperform” rating for the company in a report on Friday, February 27th. Finally, Rosenblatt Securities dropped their price target on Bentley Systems from $58.00 to $50.00 and set a “buy” rating for the company in a research note on Tuesday, February 24th. Seven investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $48.50.

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.