Bentley Systems, Incorporated (NASDAQ:BSY) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Bentley Systems, Incorporated (NASDAQ:BSY) have been given a consensus recommendation of “Moderate Buy” by the ten analysts that are currently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and six have issued a buy recommendation on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $56.60.

BSY has been the subject of several research analyst reports. KeyCorp upped their price target on Bentley Systems from $56.00 to $59.00 and gave the stock an “overweight” rating in a research note on Monday, July 7th. The Goldman Sachs Group increased their target price on shares of Bentley Systems from $42.00 to $47.00 and gave the stock a “sell” rating in a research report on Thursday, August 7th. Wall Street Zen lowered shares of Bentley Systems from a “buy” rating to a “hold” rating in a report on Wednesday, July 16th. Robert W. Baird set a $64.00 price target on shares of Bentley Systems and gave the company an “outperform” rating in a research report on Wednesday, July 30th. Finally, Royal Bank Of Canada increased their price objective on shares of Bentley Systems from $53.00 to $55.00 and gave the stock an “outperform” rating in a research report on Thursday, May 8th.

Bentley Systems Stock Down 0.4%

Shares of BSY opened at $53.42 on Wednesday. Bentley Systems has a fifty-two week low of $36.51 and a fifty-two week high of $59.25. The company’s fifty day moving average is $54.66 and its two-hundred day moving average is $47.98. The firm has a market cap of $15.60 billion, a PE ratio of 67.62, a price-to-earnings-growth ratio of 4.33 and a beta of 1.10. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 1.07.

Bentley Systems (NASDAQ:BSY) last issued its earnings results on Wednesday, August 6th. The company reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.03. Bentley Systems had a return on equity of 28.41% and a net margin of 17.91%.The business had revenue of $364.11 million for the quarter, compared to analyst estimates of $363.51 million. During the same period last year, the company posted $0.31 EPS. The business’s quarterly revenue was up 10.2% on a year-over-year basis. Analysts forecast that Bentley Systems will post 0.88 earnings per share for the current year.

Bentley Systems Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 12th. Shareholders of record on Tuesday, June 3rd were given a $0.07 dividend. The ex-dividend date of this dividend was Tuesday, June 3rd. This represents a $0.28 annualized dividend and a yield of 0.5%. Bentley Systems’s dividend payout ratio (DPR) is 35.44%.

Insiders Place Their Bets

In related news, Director Raymond B. Bentley sold 355,103 shares of the firm’s stock in a transaction dated Monday, June 16th. The stock was sold at an average price of $49.96, for a total transaction of $17,740,945.88. Following the sale, the director directly owned 15,992,321 shares in the company, valued at approximately $798,976,357.16. This trade represents a 2.17% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider David R. Shaman sold 19,348 shares of the business’s stock in a transaction that occurred on Monday, July 14th. The stock was sold at an average price of $56.96, for a total value of $1,102,062.08. Following the transaction, the insider directly owned 647,609 shares in the company, valued at $36,887,808.64. This trade represents a 2.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,189,869 shares of company stock worth $60,880,388 over the last quarter. 20.56% of the stock is owned by corporate insiders.

Institutional Trading of Bentley Systems

Several large investors have recently bought and sold shares of BSY. State of Wyoming purchased a new position in shares of Bentley Systems in the second quarter valued at $284,000. Tower Research Capital LLC TRC increased its stake in Bentley Systems by 471.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 6,738 shares of the company’s stock worth $364,000 after buying an additional 5,559 shares during the period. Captrust Financial Advisors lifted its holdings in Bentley Systems by 8.8% in the 2nd quarter. Captrust Financial Advisors now owns 23,770 shares of the company’s stock worth $1,283,000 after buying an additional 1,920 shares in the last quarter. Tidal Investments LLC purchased a new position in Bentley Systems in the 2nd quarter valued at about $571,000. Finally, Scott Marsh Financial LLC purchased a new position in Bentley Systems in the 2nd quarter valued at about $462,000. Institutional investors and hedge funds own 44.16% of the company’s stock.

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 engineering applications, such as MicroStation, OpenBridge, OpenBuildings, OpenCities, OpenComms, OpenFlows, OpenPlant, OpenRail, OpenRoads, OpenSite, OpenTower, OpenTunnel, OpenUtilities, and OpenWindowPower; and open simulation engineering applications, including ADINA, AutoPIPE, CUBE, DYNAMEQ, EMME, LEGION, Power Line Systems, RAM, SACS, SPIDA, and STAAD; and geoprofessional applications for modeling and simulation of near and deep subsurface conditions, including AGS, Central, GeoStudio, Imago, Leapfrog, MX Deposit, Oasis montaj, OpenGround, and PLAXIS.