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

Shares of Bentley Systems, Incorporated (NASDAQ:BSY) have been assigned an average recommendation of “Moderate Buy” from the fifteen brokerages that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, four have given a hold recommendation, nine have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $44.38.

Several equities analysts recently issued reports on the stock. BMO Capital Markets boosted 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. Rosenblatt Securities restated a “buy” rating and set a $50.00 price target on shares of Bentley Systems in a research report on Monday, August 10th. BNP Paribas Exane initiated coverage on shares of Bentley Systems in a report on Thursday, June 18th. They issued an “outperform” rating and a $40.00 price objective for the company. Cantor Fitzgerald started coverage on shares of Bentley Systems in a report on Monday, September 14th. They issued an “overweight” rating and a $37.00 price objective for the company. Finally, Weiss Ratings lowered shares of Bentley Systems from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, September 16th.

Hedge Funds Weigh In On Bentley Systems

Large investors have recently bought and sold shares of the business. Physician Wealth Advisors Inc. grew its holdings in Bentley Systems by 80.2% in the first quarter. Physician Wealth Advisors Inc. now owns 791 shares of the company’s stock valued at $28,000 after purchasing an additional 352 shares during the period. CX Institutional raised its stake in shares of Bentley Systems by 898.9% during the 2nd quarter. CX Institutional now owns 939 shares of the company’s stock worth $28,000 after buying an additional 845 shares during the period. Harbor Investment Advisory LLC acquired a new position in shares of Bentley Systems during the 2nd quarter worth approximately $30,000. National Pension Service lifted its position in shares of Bentley Systems by 63.0% during the 4th quarter. National Pension Service now owns 880 shares of the company’s stock valued at $34,000 after buying an additional 340 shares in the last quarter. Finally, Summit Securities Group LLC purchased a new position in shares of Bentley Systems during the 1st quarter valued at approximately $34,000. Institutional investors and hedge funds own 44.16% of the company’s stock.

Bentley Systems Price Performance

Shares of BSY stock opened at $31.44 on Friday. The stock has a 50 day moving average of $34.24 and a 200 day moving average of $33.58. 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 stock has a market cap of $9.14 billion, a P/E ratio of 34.55, a P/E/G ratio of 1.98 and a beta of 0.98. Bentley Systems has a twelve month low of $28.08 and a twelve month high of $57.25.

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

Bentley Systems Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 29th. Investors of record on Tuesday, September 22nd will be paid a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Tuesday, September 22nd. Bentley Systems’s payout ratio is currently 30.77%.

About Bentley Systems

Bentley Systems, Incorporated develops software for professionals and organizations involved in the planning, design, construction and operation of infrastructure. Its solutions support sectors including transportation, water and wastewater, utilities, buildings, industrial facilities, mining and other public and private infrastructure markets.

The company’s product portfolio includes MicroStation for infrastructure design and modeling; ProjectWise for project collaboration and information management; AssetWise for asset performance and operations; OpenRoads and OpenBuildings for specialized design workflows; SYNCHRO for construction management; and the iTwin platform for creating and using digital twins of infrastructure assets.

Founded in 1984 by brothers Keith, Barry and Raymond Bentley, Bentley Systems is headquartered in Exton, Pennsylvania, and serves customers globally.