Bentley Systems, Incorporated (NASDAQ:BSY) Receives Average Recommendation of “Buy” from Analysts

Shares of Bentley Systems, Incorporated (NASDAQ:BSYGet Rating) have been assigned a consensus recommendation of “Hold” from the seven analysts that are presently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and three have given a buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $56.08.

Several analysts have weighed in on BSY shares. Mizuho lowered their price target on shares of Bentley Systems from $65.00 to $60.00 in a research note on Tuesday, January 18th. The Goldman Sachs Group reduced their price target on shares of Bentley Systems from $60.00 to $52.00 in a research report on Tuesday, March 1st. KeyCorp decreased their target price on shares of Bentley Systems from $72.00 to $50.00 and set an “overweight” rating for the company in a research note on Wednesday, March 2nd. Zacks Investment Research cut shares of Bentley Systems from a “hold” rating to a “sell” rating in a research note on Wednesday, March 9th. Finally, Royal Bank of Canada decreased their price target on Bentley Systems from $65.00 to $55.00 and set an “outperform” rating for the company in a research note on Wednesday, March 2nd.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Utah Retirement Systems boosted its position in Bentley Systems by 2.9% in the third quarter. Utah Retirement Systems now owns 7,200 shares of the company’s stock valued at $437,000 after buying an additional 200 shares during the last quarter. Xponance Inc. boosted its position in Bentley Systems by 1.5% in the 1st quarter. Xponance Inc. now owns 15,801 shares of the company’s stock worth $698,000 after purchasing an additional 233 shares in the last quarter. Nissay Asset Management Corp Japan ADV boosted its position in Bentley Systems by 1.7% in the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 20,179 shares of the company’s stock worth $975,000 after purchasing an additional 335 shares in the last quarter. Heritage Wealth Management LLC boosted its position in Bentley Systems by 14.5% in the 3rd quarter. Heritage Wealth Management LLC now owns 2,871 shares of the company’s stock worth $174,000 after purchasing an additional 363 shares in the last quarter. Finally, IFM Investors Pty Ltd boosted its position in Bentley Systems by 1.7% in the 4th quarter. IFM Investors Pty Ltd now owns 24,394 shares of the company’s stock worth $1,179,000 after purchasing an additional 398 shares in the last quarter. Hedge funds and other institutional investors own 34.00% of the company’s stock.

NASDAQ BSY opened at $43.54 on Friday. Bentley Systems has a 52-week low of $34.45 and a 52-week high of $71.92. The company has a debt-to-equity ratio of 3.50, a quick ratio of 1.04 and a current ratio of 1.04. The company has a market capitalization of $12.02 billion, a P/E ratio of 155.50, a P/E/G ratio of 7.15 and a beta of 0.98. The company has a fifty day moving average of $40.46 and a 200-day moving average of $46.47.

Bentley Systems (NASDAQ:BSYGet Rating) last posted its quarterly earnings results on Tuesday, March 1st. The company reported $0.18 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.05. The business had revenue of $267.70 million during the quarter, compared to the consensus estimate of $262.23 million. Bentley Systems had a net margin of 9.40% and a return on equity of 56.39%. The firm’s revenue for the quarter was up 21.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.15 earnings per share. As a group, analysts forecast that Bentley Systems will post 0.57 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 15th. Stockholders of record on Tuesday, March 8th were issued a dividend of $0.03 per share. The ex-dividend date was Monday, March 7th. This represents a $0.12 annualized dividend and a dividend yield of 0.28%. Bentley Systems’s dividend payout ratio (DPR) is currently 42.86%.

Bentley Systems Company Profile (Get Rating)

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, OpenFlows, STAAD and RAM, SACS, MOSES, AutoPIPE, SITEOPS, CUBE, DYNAMEQ, EMME, and LEGION; and geoprofessional applications for modeling and simulation of near and deep subsurface conditions, including Leapfrog, AGS Workbench, GeoStudio, Imago, MX Deposit, Oasis montaj, PLAXIS, and OpenGround.

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Analyst Recommendations for Bentley Systems (NASDAQ:BSY)

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