Bentley Systems, Incorporated (NASDAQ:BSY) Stock Now Rated “Moderate Buy” by Wall Street Brokerages

Shares of Bentley Systems, Incorporated (NASDAQ:BSY) have earned a consensus rating of “Moderate Buy” from the fifteen ratings firms that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, four have issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $44.38.

A number of equities analysts have weighed in on the stock. Rosenblatt Securities reaffirmed a “buy” rating and set a $50.00 price target on shares of Bentley Systems in a research note on Monday, August 10th. Cantor Fitzgerald started coverage on Bentley Systems in a report on Monday, September 14th. They set an “overweight” rating and a $37.00 price objective for the company. Piper Sandler reaffirmed an “overweight” rating and issued a $45.00 target price on shares of Bentley Systems in a research report on Friday, August 7th. BMO Capital Markets lifted their target price on Bentley Systems from $41.00 to $43.00 and gave the company an “outperform” rating in a report on Friday, August 7th. Finally, BNP Paribas Exane started coverage on Bentley Systems in a report on Thursday, June 18th. They issued an “outperform” rating and a $40.00 target price on the stock.

Institutional Trading of Bentley Systems

Institutional investors and hedge funds have recently bought and sold shares of the business. Arrowstreet Capital Limited Partnership grew its position in Bentley Systems by 253.6% in the first quarter. Arrowstreet Capital Limited Partnership now owns 4,781,449 shares of the company’s stock valued at $167,924,000 after acquiring an additional 3,429,087 shares in the last quarter. Pictet Asset Management Holding SA lifted its position in shares of Bentley Systems by 150.9% during the first quarter. Pictet Asset Management Holding SA now owns 4,661,346 shares of the company’s stock worth $163,703,000 after purchasing an additional 2,803,241 shares in the last quarter. Bank of New York Mellon Corp acquired a new position in shares of Bentley Systems during the second quarter worth $78,738,000. Norges Bank purchased a new position in shares of Bentley Systems in the fourth quarter valued at $68,766,000. Finally, Madison Asset Management LLC purchased a new position in shares of Bentley Systems in the second quarter valued at $40,807,000. Institutional investors and hedge funds own 44.16% of the company’s stock.

Bentley Systems Stock Down 0.5%

BSY opened at $31.12 on Friday. Bentley Systems has a 12 month low of $28.08 and a 12 month high of $57.25. The business has a 50-day moving average of $34.21 and a two-hundred day moving average of $33.47. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.59 and a quick ratio of 0.59. The stock has a market capitalization of $9.04 billion, a price-to-earnings ratio of 34.20, a price-to-earnings-growth ratio of 1.96 and a beta of 0.98.

Bentley Systems (NASDAQ:BSY) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.03. Bentley Systems had a net margin of 18.10% and a return on equity of 28.43%. The business had revenue of $410.73 million for the quarter, compared to analyst estimates of $412.12 million. During the same period in the prior year, the firm posted $0.32 EPS. The company’s revenue was up 12.8% on a year-over-year basis. On average, research analysts expect that Bentley Systems will post 1.2 earnings per share for the current year.

Bentley Systems Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 22nd were paid a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend was Tuesday, September 22nd. Bentley Systems’s payout ratio is currently 30.77%.

About Bentley Systems

Bentley Systems, Incorporated (NASDAQ: BSY) develops software for the design, construction, and operation of infrastructure. Its solutions support organizations involved in transportation, water and wastewater, utilities, buildings, industrial facilities, mining, and other infrastructure sectors.

The company’s product portfolio includes engineering and design applications such as MicroStation, OpenRoads, OpenBuildings, and OpenPlant, as well as ProjectWise for project collaboration and AssetWise for asset performance and operations.