Bentley Systems, Incorporated (NASDAQ:BSY) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Bentley Systems, Incorporated (NASDAQ:BSY) have been given an average recommendation of “Moderate Buy” by the thirteen brokerages that are presently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $53.00.

Several equities analysts recently weighed in on BSY shares. Barclays cut their price target on shares of Bentley Systems from $57.00 to $47.00 and set an “equal weight” rating on the stock in a report on Monday, January 12th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Bentley Systems in a report on Wednesday, January 21st. Piper Sandler cut their price objective on shares of Bentley Systems from $63.00 to $60.00 and set an “overweight” rating on the stock in a research note on Thursday, November 6th. JPMorgan Chase & Co. decreased their target price on shares of Bentley Systems from $56.00 to $51.00 and set a “neutral” rating for the company in a research report on Thursday, November 6th. Finally, BMO Capital Markets started coverage on Bentley Systems in a research report on Thursday, January 22nd. They set an “outperform” rating and a $48.00 price target on the stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Allworth Financial LP grew its stake in shares of Bentley Systems by 37.6% during the 2nd quarter. Allworth Financial LP now owns 702 shares of the company’s stock worth $38,000 after purchasing an additional 192 shares during the period. Thrive Wealth Management LLC boosted its holdings in Bentley Systems by 2.5% during the third quarter. Thrive Wealth Management LLC now owns 8,301 shares of the company’s stock worth $427,000 after buying an additional 200 shares in the last quarter. Genesis Private Wealth LLC grew its position in Bentley Systems by 5.4% during the third quarter. Genesis Private Wealth LLC now owns 3,967 shares of the company’s stock valued at $204,000 after buying an additional 204 shares during the period. Blue Trust Inc. increased its holdings in Bentley Systems by 19.3% in the second quarter. Blue Trust Inc. now owns 1,305 shares of the company’s stock valued at $70,000 after buying an additional 211 shares in the last quarter. Finally, Shell Asset Management Co. increased its holdings in Bentley Systems by 4.8% in the third quarter. Shell Asset Management Co. now owns 5,421 shares of the company’s stock valued at $279,000 after buying an additional 246 shares in the last quarter. 44.16% of the stock is owned by institutional investors and hedge funds.

Bentley Systems Stock Up 1.0%

Bentley Systems stock opened at $34.79 on Wednesday. The business’s 50-day simple moving average is $38.54 and its two-hundred day simple moving average is $46.60. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.61 and a current ratio of 0.61. The company has a market cap of $10.16 billion, a PE ratio of 41.42, a PEG ratio of 2.38 and a beta of 1.21. Bentley Systems has a fifty-two week low of $30.97 and a fifty-two week high of $59.25.

Bentley Systems Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, December 11th. Investors of record on Thursday, December 4th were issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Thursday, December 4th. Bentley Systems’s dividend payout ratio (DPR) is 33.33%.

Bentley Systems Company Profile

Bentley Systems, Inc is a global software provider specializing in infrastructure engineering applications for the design, construction, and operations of roads, bridges, rail and transit systems, water and wastewater networks, power plants and grids, industrial facilities, and communications infrastructure. Founded in 1984 by brothers Keith and Barry Bentley, the company is headquartered in Exton, Pennsylvania, and maintains offices and development centers across North America, Europe, Asia, and Australia.