Brokerages Set Bentley Systems, Incorporated (NASDAQ:BSY) Target Price at $52.00

Shares of Bentley Systems, Incorporated (NASDAQ:BSY) have been given an average recommendation of “Moderate Buy” by the ten ratings firms that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $52.00.

Several research firms recently commented on BSY. Oppenheimer increased their price target on Bentley Systems from $49.00 to $50.00 and gave the company an “outperform” rating in a report on Thursday, May 8th. JPMorgan Chase & Co. decreased their target price on Bentley Systems from $52.00 to $45.00 and set a “neutral” rating for the company in a report on Wednesday, April 9th. Rosenblatt Securities lowered their price objective on Bentley Systems from $62.00 to $53.00 and set a “buy” rating for the company in a research report on Monday, May 5th. Wall Street Zen raised Bentley Systems from a “hold” rating to a “buy” rating in a report on Thursday, May 22nd. Finally, KeyCorp upped their price objective on Bentley Systems from $54.00 to $56.00 and gave the company an “overweight” rating in a research note on Thursday, May 8th.

Bentley Systems Stock Up 0.4%

Shares of BSY stock opened at $47.96 on Friday. The firm has a market capitalization of $14.00 billion, a PE ratio of 43.21, a P/E/G ratio of 3.52 and a beta of 1.07. Bentley Systems has a fifty-two week low of $36.51 and a fifty-two week high of $52.42. The stock’s 50-day simple moving average is $45.09 and its 200-day simple moving average is $45.48. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.52 and a current ratio of 0.52.

Bentley Systems (NASDAQ:BSY) last issued its quarterly earnings results on Wednesday, May 7th. The company reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.05. The company had revenue of $370.54 million for the quarter, compared to the consensus estimate of $366.76 million. Bentley Systems had a return on equity of 29.50% and a net margin of 27.73%. Bentley Systems’s revenue for the quarter was up 9.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.31 earnings per share. Equities analysts expect that Bentley Systems will post 0.88 earnings per share for the current year.

Bentley Systems Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Investors of record on Tuesday, June 3rd will be paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.58%. The ex-dividend date is Tuesday, June 3rd. Bentley Systems’s payout ratio is currently 35.44%.

Insiders Place Their Bets

In related news, CRO Brock Ballard sold 12,363 shares of the stock in a transaction on Wednesday, May 7th. The stock was sold at an average price of $45.08, for a total value of $557,324.04. Following the transaction, the executive now directly owns 68,064 shares of the company’s stock, valued at approximately $3,068,325.12. This trade represents a 15.37% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 20.56% of the company’s stock.

Institutional Trading of Bentley Systems

Several large investors have recently added to or reduced their stakes in the stock. City Holding Co. acquired a new stake in shares of Bentley Systems during the first quarter valued at about $26,000. Geneos Wealth Management Inc. raised its holdings in shares of Bentley Systems by 1,529.3% during the first quarter. Geneos Wealth Management Inc. now owns 668 shares of the company’s stock valued at $26,000 after buying an additional 627 shares during the last quarter. Twin Tree Management LP raised its holdings in shares of Bentley Systems by 361.9% during the first quarter. Twin Tree Management LP now owns 739 shares of the company’s stock valued at $29,000 after buying an additional 579 shares during the last quarter. Larson Financial Group LLC raised its holdings in Bentley Systems by 1,707.1% during the first quarter. Larson Financial Group LLC now owns 759 shares of the company’s stock worth $30,000 after purchasing an additional 717 shares in the last quarter. Finally, Fifth Third Bancorp grew its position in Bentley Systems by 106.6% in the first quarter. Fifth Third Bancorp now owns 843 shares of the company’s stock worth $33,000 after buying an additional 435 shares during the last quarter. 44.16% of the stock is currently owned by institutional investors and hedge funds.

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.