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

Shares of Bentley Systems, Incorporated (NASDAQ:BSY) have earned a consensus recommendation of “Moderate Buy” from the fifteen ratings firms that are currently covering the company, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average 12 month target price among brokerages that have covered the stock in the last year is $44.77.

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

Hedge Funds Weigh In On Bentley Systems

Institutional investors and hedge funds have recently bought and sold shares of the stock. Robeco Schweiz AG grew its position in Bentley Systems by 66.3% during the third quarter. Robeco Schweiz AG now owns 758,586 shares of the company’s stock valued at $24,237,000 after acquiring an additional 302,346 shares during the period. Middleton & Co. Inc. MA lifted its position in 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 buying an additional 2,382 shares in the last quarter. Yousif Capital Management LLC lifted its position in Bentley Systems by 0.7% during the third quarter. Yousif Capital Management LLC now owns 41,229 shares of the company’s stock valued at $1,317,000 after buying an additional 298 shares in the last quarter. Vest Financial LLC lifted its position in Bentley Systems by 10.2% during the third quarter. Vest Financial LLC now owns 20,988 shares of the company’s stock valued at $671,000 after buying an additional 1,937 shares in the last quarter. Finally, Diversify Advisory Services LLC grew its stake in Bentley Systems by 1.6% during the third quarter. Diversify Advisory Services LLC now owns 20,930 shares of the company’s stock worth $669,000 after buying an additional 327 shares during the period. Institutional investors and hedge funds own 44.16% of the company’s stock.

Bentley Systems Price Performance

Shares of BSY opened at $39.70 on Tuesday. The company has a market cap of $11.54 billion, a P/E ratio of 43.63, a PEG ratio of 2.48 and a beta of 0.99. Bentley Systems has a fifty-two week low of $28.08 and a fifty-two week high of $52.39. 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 firm’s 50 day moving average price is $34.51 and its 200 day moving average price is $33.39.

Bentley Systems (NASDAQ:BSY) last issued its earnings results on Thursday, August 6th. The company reported $0.35 EPS 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 company had revenue of $410.73 million for the quarter, compared to analyst estimates of $412.12 million. During the same period in the previous year, the firm earned $0.32 EPS. The business’s revenue was up 12.8% on a year-over-year basis. On average, research analysts forecast that Bentley Systems will post 1.21 earnings per share for the current fiscal year.

Bentley Systems Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 29th. Investors of record on Tuesday, September 22nd were given a $0.07 dividend. The ex-dividend date of this dividend was Tuesday, September 22nd. This represents a $0.28 annualized dividend and a dividend yield of 0.7%. Bentley Systems’s dividend payout ratio (DPR) is currently 30.77%.

About Bentley Systems

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.