Bentley Systems, Incorporated (NASDAQ:BSY) Stock Has Average Price Target of $44.77

Shares of Bentley Systems, Incorporated (NASDAQ:BSY) have been given an average rating of “Moderate Buy” by the fifteen analysts that are currently covering the company, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $44.77.

A number of research analysts have commented on the stock. Weiss Ratings raised shares of Bentley Systems from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, October 19th. BMO Capital Markets upped their price target on shares of Bentley Systems from $41.00 to $43.00 and gave the stock an “outperform” rating in a research report on Friday, August 7th. Cantor Fitzgerald increased their price objective on shares of Bentley Systems from $37.00 to $42.00 and gave the company an “overweight” rating in a research note on Friday, October 16th. Rosenblatt Securities reissued a “buy” rating and set a $50.00 price objective on shares of Bentley Systems in a report on Monday, August 10th. Finally, Piper Sandler reissued an “overweight” rating and set a $45.00 price objective on shares of Bentley Systems in a report on Friday, August 7th.

Bentley Systems Trading Up 0.4%

BSY opened at $39.84 on Tuesday. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 1.01. The stock’s fifty day moving average is $34.63 and its two-hundred day moving average is $34.40. The company has a market capitalization of $11.58 billion, a P/E ratio of 43.78, a PEG ratio of 2.48 and a beta of 0.99. Bentley Systems has a 52 week low of $28.08 and a 52 week high of $52.26.

Bentley Systems (NASDAQ:BSY) last posted its quarterly earnings results on Thursday, August 6th. The company reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.03. The business had revenue of $410.73 million for the quarter, compared to the consensus estimate of $412.12 million. Bentley Systems had a return on equity of 28.43% and a net margin of 18.10%. The business’s revenue was up 12.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.32 EPS. Analysts forecast that Bentley Systems will post 1.21 earnings per share for the current year.

Bentley Systems Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 22nd were issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 0.7%. The ex-dividend date was Tuesday, September 22nd. Bentley Systems’s dividend payout ratio is currently 30.77%.

Institutional Trading of Bentley Systems

A number of institutional investors have recently made changes to their positions in BSY. Robeco Schweiz AG boosted its holdings in Bentley Systems by 66.3% in the third quarter. Robeco Schweiz AG now owns 758,586 shares of the company’s stock worth $24,237,000 after acquiring an additional 302,346 shares in the last quarter. Middleton & Co. Inc. MA increased its holdings in shares of Bentley Systems by 12.8% during the third quarter. Middleton & Co. Inc. MA now owns 20,977 shares of the company’s stock valued at $670,000 after acquiring an additional 2,382 shares in the last quarter. Yousif Capital Management LLC raised its position in shares of Bentley Systems by 0.7% in the 3rd quarter. Yousif Capital Management LLC now owns 41,229 shares of the company’s stock valued at $1,317,000 after purchasing an additional 298 shares during the last quarter. Vest Financial LLC boosted its stake in Bentley Systems by 10.2% in the 3rd quarter. Vest Financial LLC now owns 20,988 shares of the company’s stock worth $671,000 after purchasing an additional 1,937 shares in the last quarter. Finally, Diversify Advisory Services LLC boosted its stake in Bentley Systems by 1.6% in the 3rd quarter. Diversify Advisory Services LLC now owns 20,930 shares of the company’s stock worth $669,000 after purchasing an additional 327 shares in the last quarter. Institutional investors and hedge funds own 44.16% of the company’s stock.

Bentley Systems Company Profile

Bentley Systems, Incorporated is a software company that develops solutions for the design, construction, and operation of infrastructure. Its customers include engineers, architects, geospatial professionals, construction firms, and infrastructure owner-operators in sectors such as transportation, water, utilities, industrial facilities, and buildings.

The company’s product portfolio includes MicroStation for infrastructure design, ProjectWise for project collaboration, AssetWise for asset performance and operations, and SYNCHRO for construction management.