Bentley Systems (NASDAQ:BSY) Stock Price Target Raised at Cantor Fitzgerald

Bentley Systems (NASDAQ:BSY) had its price target upped by Cantor Fitzgerald from $42.00 to $55.00 in a research note published on Friday morning, MarketBeat.com reports. They currently have an overweight rating on the stock.

Several other equities analysts have also weighed in on the stock. Oppenheimer raised their price objective on shares of Bentley Systems from $43.00 to $52.00 and gave the company an “outperform” rating in a research report on Friday. Piper Sandler reiterated an “overweight” rating and issued a $45.00 target price on shares of Bentley Systems in a report on Friday, August 7th. Rosenblatt Securities boosted their target price on shares of Bentley Systems from $50.00 to $53.00 and gave the stock a “buy” rating in a report on Friday. BMO Capital Markets increased their target price on shares of Bentley Systems from $41.00 to $43.00 and gave the company an “outperform” rating in a research note on Friday, August 7th. Finally, Weiss Ratings upgraded shares of Bentley Systems from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, October 19th. Nine analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $46.67.

Bentley Systems Price Performance

Shares of Bentley Systems stock traded down $0.29 during trading on Friday, hitting $44.65. The stock had a trading volume of 5,012,172 shares, compared to its average volume of 2,413,458. The business has a fifty day moving average of $35.61 and a two-hundred day moving average of $34.51. Bentley Systems has a fifty-two week low of $28.08 and a fifty-two week high of $48.17. The firm has a market cap of $12.97 billion, a P/E ratio of 43.77, a PEG ratio of 2.64 and a beta of 0.98. 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 (NASDAQ:BSY) last released its earnings results on Thursday, November 5th. The company reported $0.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.03. Bentley Systems had a return on equity of 28.43% and a net margin of 18.10%. The firm had revenue of $421.51 million for the quarter, compared to analyst estimates of $420.69 million. During the same period in the previous year, the company earned $0.27 earnings per share. Bentley Systems’s revenue was up 12.2% compared to the same quarter last year. On average, sell-side analysts expect that Bentley Systems will post 1.21 earnings per share for the current fiscal year.

Bentley Systems Announces Dividend

The business also recently declared 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 dividend on an annualized basis and a dividend yield of 0.6%. Bentley Systems’s dividend payout ratio (DPR) is 30.77%.

Insider Buying and Selling at Bentley Systems

In related news, Director Raymond Bentley sold 344,203 shares of Bentley Systems stock in a transaction dated Friday, October 30th. The stock was sold at an average price of $40.24, for a total value of $13,850,728.72. Following the transaction, the director owned 14,316,404 shares of the company’s stock, valued at approximately $576,092,096.96. This trade represents a 2.35% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 500,000 shares of company stock valued at $20,089,565. Company insiders own 20.27% of the company’s stock.

Institutional Trading of Bentley Systems

Institutional investors and hedge funds have recently bought and sold shares of the stock. EagleClaw Capital Managment LLC acquired a new stake in shares of Bentley Systems during the third quarter valued at approximately $200,000. Valmark Advisers Inc. boosted its stake in Bentley Systems by 36.5% in the 3rd quarter. Valmark Advisers Inc. now owns 47,561 shares of the company’s stock worth $1,520,000 after purchasing an additional 12,723 shares during the period. Fisher Asset Management LLC boosted its stake in Bentley Systems by 29.7% in the 3rd quarter. Fisher Asset Management LLC now owns 293,769 shares of the company’s stock worth $9,386,000 after purchasing an additional 67,342 shares during the period. Fifth Third Bancorp grew its position in Bentley Systems by 62.1% during the 3rd quarter. Fifth Third Bancorp now owns 59,038 shares of the company’s stock worth $1,886,000 after purchasing an additional 22,625 shares in the last quarter. Finally, Maryland State Retirement & Pension System grew its position in Bentley Systems by 45.2% during the 3rd quarter. Maryland State Retirement & Pension System now owns 11,105 shares of the company’s stock worth $355,000 after purchasing an additional 3,455 shares in the last quarter. Institutional investors and hedge funds own 44.16% of the company’s stock.

Bentley Systems News Roundup

Here are the key news stories impacting Bentley Systems this week:

• Positive Sentiment: Q3 results topped expectations and growth remained strong. Bentley reported adjusted earnings of $0.36 per share versus estimates of about $0.33–$0.34, while revenue of $421.5 million edged past forecasts and rose 12.2% year over year. The company also raised its annual recurring revenue outlook, supporting expectations for continued growth. Bentley Systems reports revenue growth and raises ARR outlook
• Positive Sentiment: Several analysts raised price targets. Oppenheimer lifted its target to $52 and kept an Outperform rating; RBC raised its target to $52 with an Outperform rating; Cantor Fitzgerald set a $55 target and Overweight rating; and Rosenblatt raised its target to $53 with a Buy rating. These revisions signal improved analyst expectations, though targets are not guarantees. Oppenheimer price target update RBC price target update Cantor Fitzgerald price target update Rosenblatt price target update
• Neutral Sentiment: UBS raised its target but stayed Neutral. UBS moved its target to $50 from $40, while maintaining a Neutral rating—an upward valuation revision tempered by a lack of stronger conviction. UBS price target update
• Negative Sentiment: An insider sale may weigh on sentiment. Raymond Bentley reportedly sold 344,203 shares. The report does not establish the reason for the sale, so it is not necessarily a signal about the company’s outlook. Insider share sale report

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.