Bentley Systems (NASDAQ:BSY) Stock Price Target Raised at Royal Bank Of Canada

Bentley Systems (NASDAQ:BSY) had its price target upped by Royal Bank Of Canada from $48.00 to $52.00 in a report issued on Friday,Benzinga reports. Royal Bank Of Canada currently has an outperform rating on the stock.

Several other research firms have also commented on BSY. Weiss Ratings raised shares of Bentley Systems from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, October 19th. Piper Sandler reiterated an “overweight” rating and set a $45.00 price target on shares of Bentley Systems in a research report on Friday, August 7th. BMO Capital Markets raised their price target on Bentley Systems from $41.00 to $43.00 and gave the stock an “outperform” rating in a report on Friday, August 7th. Cantor Fitzgerald boosted their price objective on Bentley Systems from $42.00 to $55.00 and gave the company an “overweight” rating in a research report on Friday. Finally, Rosenblatt Securities upped their price objective on Bentley Systems from $50.00 to $53.00 and gave the stock a “buy” rating in a research note on Friday. Nine analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, Bentley Systems has a consensus rating of “Moderate Buy” and a consensus target price of $46.67.

Bentley Systems Trading Down 0.6%

BSY traded down $0.29 during midday trading on Friday, hitting $44.65. The company’s stock had a trading volume of 5,012,172 shares, compared to its average volume of 2,413,458. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 1.01. 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 firm has a 50-day moving average price of $35.61 and a two-hundred day moving average price of $34.51. Bentley Systems has a 52-week low of $28.08 and a 52-week high of $48.17.

Bentley Systems (NASDAQ:BSY) last posted its quarterly earnings results on Thursday, November 5th. The company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.33 by $0.03. Bentley Systems had a net margin of 18.10% and a return on equity of 28.43%. The firm had revenue of $421.51 million for the quarter, compared to analyst estimates of $420.69 million. During the same quarter last year, the firm posted $0.27 earnings per share. Bentley Systems’s revenue for the quarter was up 12.2% compared to the same quarter last year. On average, research analysts anticipate that Bentley Systems will post 1.21 earnings per share for the current year.

Bentley Systems Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 29th. Shareholders 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 yield of 0.6%. Bentley Systems’s dividend payout ratio is 30.77%.

Insider Buying and Selling

In other Bentley Systems news, Director Raymond Bentley sold 344,203 shares of the firm’s stock in a transaction that occurred on Friday, October 30th. The shares were sold at an average price of $40.24, for a total value of $13,850,728.72. Following the sale, the director owned 14,316,404 shares in the company, valued at approximately $576,092,096.96. This trade represents a 2.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 500,000 shares of company stock valued at $20,089,565. 20.27% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Bentley Systems

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. CX Institutional increased its position in Bentley Systems by 898.9% in the 2nd quarter. CX Institutional now owns 939 shares of the company’s stock valued at $28,000 after acquiring an additional 845 shares during the period. Summit Securities Group LLC acquired a new position in Bentley Systems during the 1st quarter worth $34,000. Harbor Investment Advisory LLC bought a new position in shares of Bentley Systems in the second quarter worth $30,000. Parallel Advisors LLC grew its stake in shares of Bentley Systems by 49.5% in the first quarter. Parallel Advisors LLC now owns 2,445 shares of the company’s stock worth $86,000 after purchasing an additional 810 shares in the last quarter. Finally, GAMMA Investing LLC increased its holdings in shares of Bentley Systems by 8.8% during the third quarter. GAMMA Investing LLC now owns 4,528 shares of the company’s stock valued at $145,000 after purchasing an additional 366 shares during the period. 44.16% of the stock is owned by institutional investors.

Key Stories Impacting Bentley Systems

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.