Piper Sandler Reiterates Overweight Rating for Bentley Systems (NASDAQ:BSY)

Bentley Systems (NASDAQ:BSYGet Free Report)‘s stock had its “overweight” rating reissued by analysts at Piper Sandler in a research report issued on Friday,Benzinga reports. They currently have a $45.00 target price on the stock. Piper Sandler’s price target would indicate a potential upside of 27.80% from the stock’s current price.

Other research analysts also recently issued reports about the company. Weiss Ratings downgraded Bentley Systems from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, July 16th. Zacks Research lowered shares of Bentley Systems from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 21st. Mizuho decreased their price target on shares of Bentley Systems from $50.00 to $45.00 and set an “outperform” rating for the company in a report on Friday, May 8th. UBS Group dropped their price objective on Bentley Systems from $43.00 to $40.00 and set a “neutral” rating on the stock in a research note on Monday, May 4th. Finally, Barclays lowered their target price on Bentley Systems from $49.00 to $40.00 and set an “equal weight” rating on the stock in a report on Friday, May 29th. Nine investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $45.00.

View Our Latest Research Report on Bentley Systems

Bentley Systems Price Performance

BSY opened at $35.21 on Friday. The company has a market capitalization of $10.23 billion, a PE ratio of 38.69, a price-to-earnings-growth ratio of 2.26 and a beta of 0.98. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.59 and a quick ratio of 0.59. Bentley Systems has a fifty-two week low of $28.08 and a fifty-two week high of $57.25. The business has a 50-day moving average of $32.14 and a 200-day moving average of $33.91.

Bentley Systems (NASDAQ:BSYGet Free Report) last released its quarterly earnings data on Thursday, August 6th. The company reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.03. The firm had revenue of $410.73 million for 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 was up 12.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.32 earnings per share. Equities research analysts forecast that Bentley Systems will post 1.2 EPS for the current fiscal year.

Institutional Trading of Bentley Systems

Large investors have recently added to or reduced their stakes in the company. Los Angeles Capital Management LLC bought a new position in Bentley Systems during the fourth quarter worth $25,000. Geneos Wealth Management Inc. raised its position in shares of Bentley Systems by 1,529.3% in 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 in the last quarter. Physician Wealth Advisors Inc. increased its stake in Bentley Systems by 80.2% during the 1st quarter. Physician Wealth Advisors Inc. now owns 791 shares of the company’s stock worth $28,000 after acquiring an additional 352 shares during the period. CX Institutional grew its holdings in shares of Bentley Systems by 898.9% during the 2nd quarter. CX Institutional now owns 939 shares of the company’s stock worth $28,000 after purchasing an additional 845 shares in the last quarter. Finally, Harbor Investment Advisory LLC acquired a new position in Bentley Systems in the second quarter valued at about $30,000. Institutional investors and hedge funds own 44.16% of the company’s stock.

Bentley Systems Company Profile

(Get Free Report)

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.

Recommended Stories

Analyst Recommendations for Bentley Systems (NASDAQ:BSY)

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.