Analysts Set Bentley Systems, Incorporated (NASDAQ:BSY) PT at $45.00

Shares of Bentley Systems, Incorporated (NASDAQ:BSY) have been given an average rating of “Moderate Buy” by the fourteen analysts that are covering the company, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $45.00.

BSY has been the topic of several research analyst reports. Piper Sandler reissued an “overweight” rating and set a $45.00 target price on shares of Bentley Systems in a research note on Friday, August 7th. BNP Paribas Exane initiated coverage on Bentley Systems in a research note on Thursday, June 18th. They issued an “outperform” rating and a $40.00 price target for the company. Rosenblatt Securities reiterated a “buy” rating and issued a $50.00 price target on shares of Bentley Systems in a report on Monday, August 10th. Zacks Research downgraded shares of Bentley Systems from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 21st. Finally, Bank of America began coverage on shares of Bentley Systems in a report on Tuesday, May 12th. They issued a “buy” rating and a $40.00 price objective for the company.

Bentley Systems Price Performance

NASDAQ BSY opened at $33.71 on Monday. Bentley Systems has a 1 year low of $28.08 and a 1 year high of $57.25. The stock has a market capitalization of $9.80 billion, a PE ratio of 37.04, a PEG ratio of 2.13 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. The business’s 50-day moving average is $34.16 and its 200 day moving average is $34.02.

Bentley Systems (NASDAQ:BSY) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.03. Bentley Systems had a return on equity of 28.43% and a net margin of 18.10%.The business had revenue of $410.73 million during the quarter, compared to analyst estimates of $412.12 million. During the same quarter in the prior year, the company posted $0.32 EPS. Bentley Systems’s quarterly revenue was up 12.8% compared to the same quarter last year. Sell-side analysts forecast that Bentley Systems will post 1.19 earnings per share for the current year.

Institutional Trading of Bentley Systems

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Geneos Wealth Management Inc. grew 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 acquiring an additional 627 shares during the period. Invesco Ltd. boosted its position in shares of Bentley Systems by 2.6% during the second quarter. Invesco Ltd. now owns 375,054 shares of the company’s stock valued at $20,242,000 after purchasing an additional 9,557 shares in the last quarter. First Trust Advisors LP boosted its position in shares of Bentley Systems by 97.5% during the second quarter. First Trust Advisors LP now owns 160,644 shares of the company’s stock valued at $8,670,000 after purchasing an additional 79,286 shares in the last quarter. Brown Advisory Inc. purchased a new stake in Bentley Systems in the second quarter worth $212,000. Finally, Cresset Asset Management LLC purchased a new stake in Bentley Systems in the second quarter worth $248,000. 44.16% of the stock is currently owned by hedge funds and other institutional investors.

Bentley Systems Company Profile

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.