Brokerages Set Bentley Systems, Incorporated (NASDAQ:BSY) PT at $67.09

Bentley Systems, Incorporated (NASDAQ:BSY) has been assigned an average recommendation of “Buy” from the six ratings firms that are covering the company, MarketBeat reports. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $67.09.

Separately, Zacks Investment Research lowered Bentley Systems from a “buy” rating to a “hold” rating in a research report on Thursday, November 18th.

In other Bentley Systems news, Director Kirk B. Griswold sold 3,319 shares of the stock in a transaction that occurred on Thursday, November 4th. The stock was sold at an average price of $60.00, for a total transaction of $199,140.00. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Gregory S. Bentley bought 21,033 shares of the firm’s stock in a transaction dated Thursday, December 2nd. The stock was purchased at an average price of $47.54 per share, for a total transaction of $999,908.82. The disclosure for this purchase can be found here. 24.00% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BSY. Vanguard Group Inc. lifted its position in Bentley Systems by 16,780.3% during the second quarter. Vanguard Group Inc. now owns 11,816,202 shares of the company’s stock worth $765,454,000 after buying an additional 11,746,202 shares in the last quarter. BlackRock Inc. lifted its position in Bentley Systems by 55.2% during the third quarter. BlackRock Inc. now owns 7,984,567 shares of the company’s stock worth $484,185,000 after buying an additional 2,838,418 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC lifted its position in Bentley Systems by 6.0% during the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 6,984,182 shares of the company’s stock worth $423,521,000 after buying an additional 394,794 shares in the last quarter. State Street Corp purchased a new position in Bentley Systems during the second quarter worth approximately $161,985,000. Finally, Geode Capital Management LLC lifted its position in Bentley Systems by 238.1% during the third quarter. Geode Capital Management LLC now owns 2,213,771 shares of the company’s stock worth $134,049,000 after buying an additional 1,559,027 shares in the last quarter. Institutional investors and hedge funds own 33.39% of the company’s stock.

Shares of NASDAQ BSY opened at $39.28 on Wednesday. The company has a debt-to-equity ratio of 3.44, a current ratio of 0.73 and a quick ratio of 0.73. The stock has a market capitalization of $10.63 billion, a P/E ratio of 119.03, a price-to-earnings-growth ratio of 6.05 and a beta of 0.41. Bentley Systems has a 1-year low of $38.34 and a 1-year high of $71.92. The business has a fifty day moving average price of $49.58 and a 200 day moving average price of $57.95.

Bentley Systems (NASDAQ:BSY) last issued its quarterly earnings data on Monday, November 8th. The company reported $0.18 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.02. The firm had revenue of $248.50 million during the quarter, compared to analysts’ expectations of $248.16 million. Bentley Systems had a return on equity of 55.39% and a net margin of 11.34%. The firm’s quarterly revenue was up 22.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.17 EPS. As a group, equities research analysts anticipate that Bentley Systems will post 0.67 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Thursday, December 16th. Investors of record on Thursday, December 9th were issued a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 0.31%. The ex-dividend date was Wednesday, December 8th. Bentley Systems’s dividend payout ratio (DPR) is 36.36%.

About Bentley Systems

Bentley Systems, Incorporated, together with its subsidiaries, provides infrastructure engineering software solutions in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. The company offers open modeling and open simulation applications for infrastructure design integration, which include MicroStation, OpenRoads, OpenRail, OpenPlant, OpenBuildings, OpenBridge, OpenSite, OpenWindPower, OpenTower, STAAD and RAM, LEAP and RM, SACS, MOSES, PLAXIS, SITEOPS, AutoPIPE, and LumenRT.

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Analyst Recommendations for Bentley Systems (NASDAQ:BSY)

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