Bentley Systems, Incorporated (NASDAQ:BSY) Stock Has Consensus Target Price of $44.38 According to Analysts

Shares of Bentley Systems, Incorporated (NASDAQ:BSY) have been assigned a consensus recommendation of “Moderate Buy” from the fifteen analysts that are covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $44.38.

BSY has been the subject of a number of recent analyst reports. Piper Sandler restated an “overweight” rating and issued a $45.00 price objective on shares of Bentley Systems in a research report on Friday, August 7th. Rosenblatt Securities reiterated a “buy” rating and set a $50.00 target price on shares of Bentley Systems in a report on Monday, August 10th. BMO Capital Markets boosted their target price on Bentley Systems from $41.00 to $43.00 and gave the company an “outperform” rating in a research note on Friday, August 7th. Cantor Fitzgerald started coverage on Bentley Systems in a report on Monday, September 14th. They issued an “overweight” rating and a $37.00 price target for the company. Finally, BNP Paribas Exane assumed coverage on Bentley Systems in a report on Thursday, June 18th. They issued an “outperform” rating and a $40.00 price target for the company.

Bentley Systems Stock Up 2.5%

Bentley Systems stock opened at $32.75 on Friday. The firm has a market capitalization of $9.52 billion, a price-to-earnings ratio of 35.99, a PEG ratio of 2.00 and a beta of 0.99. The company’s 50 day simple moving average is $34.31 and its 200 day simple moving average is $33.39. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.59 and a quick ratio of 0.59. Bentley Systems has a fifty-two week low of $28.08 and a fifty-two week high of $57.25.

Bentley Systems (NASDAQ:BSY) last issued its earnings results on Thursday, August 6th. The company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.32 by $0.03. The firm had revenue of $410.73 million during the quarter, compared to the consensus estimate of $412.12 million. Bentley Systems had a net margin of 18.10% and a return on equity of 28.43%. The business’s quarterly revenue was up 12.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.32 earnings per share. As a group, sell-side analysts anticipate that Bentley Systems will post 1.2 EPS for the current year.

Bentley Systems Announces Dividend

The firm also recently disclosed 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 was Tuesday, September 22nd. This represents a $0.28 annualized dividend and a dividend yield of 0.9%. Bentley Systems’s payout ratio is currently 30.77%.

Institutional Trading of Bentley Systems

Large investors have recently bought and sold shares of the business. Swedbank AB lifted its stake in Bentley Systems by 4.8% in the first quarter. Swedbank AB now owns 9,000,000 shares of the company’s stock valued at $316,080,000 after buying an additional 410,799 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in shares of Bentley Systems by 253.6% during the first quarter. Arrowstreet Capital Limited Partnership now owns 4,781,449 shares of the company’s stock worth $167,924,000 after acquiring an additional 3,429,087 shares during the period. Pictet Asset Management Holding SA raised its holdings 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 acquiring an additional 2,803,241 shares during the period. Geode Capital Management LLC raised its holdings in shares of Bentley Systems by 6.6% during the fourth quarter. Geode Capital Management LLC now owns 3,468,512 shares of the company’s stock worth $132,060,000 after acquiring an additional 216,257 shares during the period. Finally, Bank of New York Mellon Corp lifted its position in Bentley Systems by 8.9% in the 4th quarter. Bank of New York Mellon Corp now owns 3,185,756 shares of the company’s stock valued at $121,584,000 after acquiring an additional 259,780 shares in the last quarter. 44.16% of the stock is owned by institutional investors.

Bentley Systems Company Profile

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.