Bentley Systems (NASDAQ:BSY – Get Free Report)‘s stock had its “buy” rating reissued by Rosenblatt Securities in a report released on Tuesday, Benzinga reports. They presently have a $50.00 target price on the stock. Rosenblatt Securities‘s target price suggests a potential upside of 27.16% from the stock’s current price.
A number of other equities analysts have also recently commented on the stock. BMO Capital Markets lifted their price objective on shares of Bentley Systems from $41.00 to $43.00 and gave the stock an “outperform” rating in a research report on Friday, August 7th. Piper Sandler reiterated an “overweight” rating and issued a $45.00 price objective on shares of Bentley Systems in a report on Friday, August 7th. Weiss Ratings raised shares of Bentley Systems from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, October 19th. Finally, Cantor Fitzgerald raised their target price on shares of Bentley Systems from $37.00 to $42.00 and gave the stock an “overweight” rating in a research note on Friday, October 16th. Ten analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $44.77.
Check Out Our Latest Analysis on BSY
Bentley Systems Stock Performance
NASDAQ:BSY traded down $0.52 on Tuesday, hitting $39.32. The company’s stock had a trading volume of 1,745,097 shares, compared to its average volume of 2,835,625. Bentley Systems has a one year low of $28.08 and a one year high of $52.24. The firm has a market capitalization of $11.43 billion, a P/E ratio of 43.21, a price-to-earnings-growth ratio of 2.48 and a beta of 0.99. The stock has a fifty day moving average of $34.63 and a two-hundred day moving average of $34.40. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 1.01.
Bentley Systems (NASDAQ:BSY – Get Free Report) last issued its earnings results on Thursday, August 6th. The company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.32 by $0.03. The company had revenue of $410.73 million during the quarter, compared to the consensus estimate of $412.12 million. Bentley Systems had a return on equity of 28.43% and a net margin of 18.10%. The firm’s revenue for the quarter was up 12.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.32 EPS. Research analysts predict that Bentley Systems will post 1.21 earnings per share for the current year.
Insider Transactions at Bentley Systems
In other Bentley Systems news, Director Raymond Bentley sold 139,135 shares of the stock in a transaction that occurred on Monday, October 26th. The shares were sold at an average price of $40.05, for a total transaction of $5,572,356.75. Following the transaction, the director owned 14,660,607 shares in the company, valued at $587,157,310.35. This represents a 0.94% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 20.27% of the stock is owned by corporate insiders.
Institutional Investors Weigh In On Bentley Systems
Hedge funds and other institutional investors have recently made changes to their positions in the business. Swedbank AB grew its position in Bentley Systems by 4.8% during the first quarter. Swedbank AB now owns 9,000,000 shares of the company’s stock worth $316,080,000 after buying an additional 410,799 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its holdings 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 acquiring an additional 3,429,087 shares in the last quarter. Bessemer Group Inc. raised its holdings 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 acquiring an additional 691,806 shares in the last quarter. Bank of New York Mellon Corp acquired a new position in Bentley Systems in the 2nd quarter valued at $78,738,000. Finally, Dimensional Fund Advisors LP lifted its position in shares of Bentley Systems by 12.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,327,900 shares of the company’s stock valued at $46,628,000 after acquiring an additional 143,863 shares during the period. 44.16% of the stock is currently owned by institutional investors and hedge funds.
Bentley Systems News Roundup
Here are the key news stories impacting Bentley Systems this week:
- Positive Sentiment: Rosenblatt reaffirmed its “Buy” rating and maintained a $50 price target, implying approximately 27% potential upside from the referenced price. The endorsement supports the bullish view that Bentley’s infrastructure-engineering software business can continue to grow. Rosenblatt Securities recommendations
- Positive Sentiment: Madison Small Cap Fund identified Bentley Systems as an attractive opportunity despite fears that AI could disrupt software companies, suggesting some investors view the recent concerns as overdone. Bentley Systems becomes attractive opportunity
- Neutral Sentiment: Gregory Bentley received 63,793 Class B shares through a bonus pool plan. The award may reflect executive compensation rather than open-market buying, so it offers limited insight into near-term investor sentiment. Gregory Bentley receives Class B shares
- Neutral Sentiment: Reported short interest was zero shares as of October 26, indicating no measurable short-selling pressure in the data. However, the reported figure appears unusual and may reflect a data or reporting issue. Bentley Systems short interest data
- Negative Sentiment: Director Raymond Bentley sold a combined 155,797 shares for approximately $6.24 million in transactions conducted under a pre-arranged Rule 10b5-1 plan. Although the sales represent less than 1% of his holdings and are not necessarily discretionary, the sizable insider transactions can weigh on sentiment. SEC insider transaction filing
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.
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