Bentley Systems (NASDAQ:BSY) Stock Price Expected to Rise, Barclays Analyst Says

Bentley Systems (NASDAQ:BSY) had its price objective boosted by Barclays from $47.00 to $49.00 in a note issued to investors on Friday,Benzinga reports. The firm currently has an “equal weight” rating on the stock. Barclays‘s price target indicates a potential upside of 23.15% from the company’s current price.

Other equities analysts have also issued research reports about the company. Oppenheimer lowered their price objective on Bentley Systems from $53.00 to $43.00 and set an “outperform” rating on the stock in a research note on Friday, February 27th. Robert W. Baird set a $55.00 target price on Bentley Systems in a report on Wednesday, January 7th. UBS Group dropped their price target on Bentley Systems from $60.00 to $40.00 and set a “neutral” rating for the company in a research note on Monday, February 23rd. JPMorgan Chase & Co. cut their price objective 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, Rosenblatt Securities decreased their target price on shares of Bentley Systems from $58.00 to $50.00 and set a “buy” rating on the stock in a report on Tuesday, February 24th. Seven analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Bentley Systems currently has a consensus rating of “Hold” and an average target price of $48.50.

Bentley Systems Price Performance

Shares of Bentley Systems stock opened at $39.79 on Friday. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 1.05. The stock has a market capitalization of $11.59 billion, a price-to-earnings ratio of 46.27, a price-to-earnings-growth ratio of 2.78 and a beta of 1.18. Bentley Systems has a twelve month low of $30.97 and a twelve month high of $59.25. The company has a 50-day simple moving average of $36.68 and a two-hundred day simple moving average of $44.18.

Bentley Systems (NASDAQ:BSY) last announced its earnings results on Thursday, February 26th. The company reported $0.27 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.27. Bentley Systems had a net margin of 18.50% and a return on equity of 28.82%. The firm had revenue of $391.58 million for the quarter, compared to analyst estimates of $381.79 million. During the same quarter in the prior year, the business posted $0.21 EPS. The business’s revenue was up 11.9% compared to the same quarter last year. Analysts forecast that Bentley Systems will post 0.88 EPS for the current year.

Institutional Trading of Bentley Systems

Hedge funds and other institutional investors have recently modified their holdings of the stock. Los Angeles Capital Management LLC bought a new position in shares of Bentley Systems in the 4th quarter valued at $25,000. Geneos Wealth Management Inc. increased its holdings in Bentley Systems by 1,529.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 668 shares of the company’s stock worth $26,000 after purchasing an additional 627 shares in the last quarter. Baillie Gifford & Co. acquired a new position in Bentley Systems in the 3rd quarter worth about $28,000. National Pension Service bought a new position in Bentley Systems in the third quarter valued at about $28,000. Finally, Royal London Asset Management Ltd. acquired a new stake in shares of Bentley Systems during the fourth quarter valued at about $32,000. Institutional investors own 44.16% of the company’s stock.

About Bentley Systems

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.