Bentley Systems, Incorporated (NASDAQ:BSY) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Bentley Systems, Incorporated (NASDAQ:BSY) have earned an average recommendation of “Moderate Buy” from the sixteen ratings firms that are presently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and ten have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $46.50.

A number of brokerages recently issued reports on BSY. BMO Capital Markets reaffirmed an “outperform” rating on shares of Bentley Systems in a report on Monday, March 2nd. Bank of America began coverage on Bentley Systems in a report on Tuesday, May 12th. They issued a “buy” rating and a $40.00 price target for the company. Piper Sandler raised Bentley Systems from a “neutral” rating to an “overweight” rating and upped their price target for the company from $42.00 to $45.00 in a report on Friday, May 8th. BNP Paribas Exane began coverage on Bentley Systems in a report on Thursday. They issued an “outperform” rating and a $40.00 price target for the company. Finally, Weiss Ratings downgraded Bentley Systems from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, April 15th.

Bentley Systems Stock Performance

Shares of BSY opened at $29.38 on Tuesday. The stock has a 50 day moving average price of $32.68 and a 200 day moving average price of $35.84. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.91. The company has a market capitalization of $8.59 billion, a price-to-earnings ratio of 33.39, a price-to-earnings-growth ratio of 1.90 and a beta of 1.00. Bentley Systems has a 52-week low of $28.42 and a 52-week high of $59.25.

Bentley Systems (NASDAQ:BSY) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.02. The firm had revenue of $424.18 million during the quarter, compared to the consensus estimate of $419.80 million. Bentley Systems had a return on equity of 28.65% and a net margin of 18.12%.The firm’s quarterly revenue was up 14.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.35 earnings per share. Research analysts predict that Bentley Systems will post 1.19 EPS for the current fiscal year.

Bentley Systems Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 11th. Stockholders of record on Tuesday, June 2nd were issued a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend was Tuesday, June 2nd. Bentley Systems’s dividend payout ratio is presently 31.82%.

Institutional Investors Weigh In On Bentley Systems

Several large investors have recently modified their holdings of BSY. Los Angeles Capital Management LLC acquired a new stake in shares of Bentley Systems in the fourth quarter valued at approximately $25,000. Geneos Wealth Management Inc. boosted its holdings in shares of Bentley Systems by 1,529.3% in the first quarter. Geneos Wealth Management Inc. now owns 668 shares of the company’s stock valued at $26,000 after acquiring an additional 627 shares during the period. Physician Wealth Advisors Inc. boosted its holdings in shares of Bentley Systems by 80.2% in the first quarter. Physician Wealth Advisors Inc. now owns 791 shares of the company’s stock valued at $28,000 after acquiring an additional 352 shares during the period. Royal London Asset Management Ltd. acquired a new stake in shares of Bentley Systems in the fourth quarter valued at approximately $32,000. Finally, Pekao Towarzystwo Funduszy Inwestycyjnych S.A. acquired a new stake in shares of Bentley Systems in the fourth quarter valued at approximately $34,000. 44.16% of the stock is owned by institutional investors and hedge funds.

About Bentley Systems

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.