Bentley Systems (NASDAQ:BSY – Get Free Report)‘s stock had its “buy” rating restated by equities researchers at Rosenblatt Securities in a research note issued to investors on Tuesday, Benzinga reports. They currently have a $50.00 price objective on the stock. Rosenblatt Securities‘s price target would suggest a potential upside of 27.16% from the stock’s previous close.
Other analysts have also issued research reports about the company. Piper Sandler reissued an “overweight” rating and set a $45.00 price objective on shares of Bentley Systems in a report on Friday, August 7th. BMO Capital Markets boosted their price target on Bentley Systems from $41.00 to $43.00 and gave the company an “outperform” rating in a research note on Friday, August 7th. Weiss Ratings raised Bentley Systems from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, October 19th. Finally, Cantor Fitzgerald boosted their price target on Bentley Systems from $37.00 to $42.00 and gave the company an “overweight” rating in a research note on Friday, October 16th. Ten equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $44.77.
Read Our Latest Stock Report on Bentley Systems
Bentley Systems Stock Performance
Shares of NASDAQ:BSY traded down $0.52 during trading on Tuesday, hitting $39.32. 1,744,070 shares of the stock were exchanged, compared to its average volume of 2,835,620. Bentley Systems has a 1-year low of $28.08 and a 1-year high of $52.24. The company has a market capitalization of $11.43 billion, a price-to-earnings ratio of 43.21, a price-to-earnings-growth ratio of 2.48 and a beta of 0.99. The company’s fifty day simple moving average is $34.63 and its 200-day simple moving average is $34.40. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.59 and a current ratio of 0.59.
Bentley Systems (NASDAQ:BSY – Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.03. Bentley Systems had a return on equity of 28.43% and a net margin of 18.10%. The company had revenue of $410.73 million for the quarter, compared to analyst estimates of $412.12 million. During the same quarter last year, the firm earned $0.32 EPS. Bentley Systems’s revenue for the quarter was up 12.8% compared to the same quarter last year. Sell-side analysts expect that Bentley Systems will post 1.21 EPS for the current fiscal year.
Institutional Trading of Bentley Systems
Several institutional investors have recently bought and sold shares of the stock. Swedbank AB raised its position in Bentley Systems by 4.8% in the 1st quarter. Swedbank AB now owns 9,000,000 shares of the company’s stock valued at $316,080,000 after purchasing an additional 410,799 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its position in Bentley Systems by 253.6% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 4,781,449 shares of the company’s stock valued at $167,924,000 after purchasing an additional 3,429,087 shares during the last quarter. Bank of New York Mellon Corp bought a new position in Bentley Systems in the 2nd quarter valued at $78,738,000. Bessemer Group Inc. raised its position in Bentley Systems by 36.2% in the 1st quarter. Bessemer Group Inc. now owns 2,600,241 shares of the company’s stock valued at $91,320,000 after purchasing an additional 691,806 shares during the last quarter. Finally, Madison Asset Management LLC bought a new position in Bentley Systems in the 2nd quarter valued at $40,807,000. Institutional investors and hedge funds own 44.16% of the company’s stock.
Bentley Systems Company Profile
Bentley Systems, Incorporated is a software company that develops solutions for the design, construction, and operation of infrastructure. Its customers include engineers, architects, geospatial professionals, construction firms, and infrastructure owner-operators in sectors such as transportation, water, utilities, industrial facilities, and buildings.
The company’s product portfolio includes MicroStation for infrastructure design, ProjectWise for project collaboration, AssetWise for asset performance and operations, and SYNCHRO for construction management.
Featured Stories
- Five stocks we like better than Bentley Systems
- Coca-Cola Stock Is Everything AI Isn’t—And That’s Its Biggest Strength
- Apple’s Foldable iPhone Sold Out in Minutes, But Wall Street Has Questions
- Netflix Is Making Big Changes, But Can It Fix What’s Really Hurting Growth?
- Charging Ahead: Solid Power’s Pilot Line Leaves the Lab
Receive News & Ratings for Bentley Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bentley Systems and related companies with MarketBeat.com's FREE daily email newsletter.
