Bentley Systems, Incorporated (NASDAQ:BSY) Given Consensus Recommendation of “Hold” by Brokerages

Bentley Systems, Incorporated (NASDAQ:BSY) has received an average recommendation of “Hold” from the thirteen analysts that are currently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and seven have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $48.50.

Several research analysts have recently commented on the stock. Oppenheimer dropped their price target on shares of Bentley Systems from $53.00 to $43.00 and set an “outperform” rating on the stock in a research note on Friday, February 27th. Rosenblatt Securities reduced their price objective on shares of Bentley Systems from $58.00 to $50.00 and set a “buy” rating for the company in a research note on Tuesday, February 24th. Weiss Ratings reiterated a “hold (c)” rating on shares of Bentley Systems in a report on Wednesday, January 21st. BMO Capital Markets reissued an “outperform” rating on shares of Bentley Systems in a research report on Monday, March 2nd. Finally, UBS Group cut their target price on Bentley Systems from $60.00 to $40.00 and set a “neutral” rating on the stock in a report on Monday, February 23rd.

Bentley Systems Trading Down 0.6%

Shares of NASDAQ BSY opened at $38.44 on Friday. The business has a 50 day simple moving average of $36.72 and a 200 day simple moving average of $43.83. Bentley Systems has a 52 week low of $30.97 and a 52 week high of $59.25. The stock has a market cap of $11.20 billion, a price-to-earnings ratio of 44.70, a PEG ratio of 2.60 and a beta of 1.18. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.56 and a current ratio of 0.56.

Bentley Systems (NASDAQ:BSY) last issued its quarterly earnings data on Thursday, February 26th. The company reported $0.27 earnings per share for the quarter, meeting the consensus estimate of $0.27. The firm had revenue of $391.58 million for the quarter, compared to analyst estimates of $381.79 million. Bentley Systems had a net margin of 18.50% and a return on equity of 28.82%. The company’s revenue for the quarter was up 11.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.21 earnings per share. On average, research analysts predict that Bentley Systems will post 0.88 earnings per share for the current fiscal year.

Bentley Systems Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 19th. Investors of record on Tuesday, March 10th will be paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Tuesday, March 10th. Bentley Systems’s dividend payout ratio (DPR) is presently 32.56%.

Institutional Investors Weigh In On Bentley Systems

Large investors have recently added to or reduced their stakes in the stock. National Pension Service acquired a new position in Bentley Systems during the third quarter valued at approximately $28,000. Baillie Gifford & Co. acquired a new stake in shares of Bentley Systems in the third quarter worth $28,000. Los Angeles Capital Management LLC bought a new stake in shares of Bentley Systems during the 4th quarter worth $25,000. Geneos Wealth Management Inc. boosted its holdings in shares of Bentley Systems by 1,529.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 668 shares of the company’s stock worth $26,000 after buying an additional 627 shares during the period. Finally, Allworth Financial LP grew its stake in Bentley Systems by 37.6% in the 2nd quarter. Allworth Financial LP now owns 702 shares of the company’s stock valued at $38,000 after buying an additional 192 shares during the last quarter. Institutional investors own 44.16% of the company’s stock.

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.