Bentley Systems (NASDAQ:BSY – Free Report) had its price objective raised by Cantor Fitzgerald from $37.00 to $42.00 in a research report report published on Friday morning, Marketbeat Ratings reports. The brokerage currently has an overweight rating on the stock.
Several other equities analysts also recently weighed in on BSY. BNP Paribas Exane initiated coverage on shares of Bentley Systems in a research note on Thursday, June 18th. They issued an “outperform” rating and a $40.00 price target on the stock. Weiss Ratings upgraded shares of Bentley Systems from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, October 2nd. Rosenblatt Securities reaffirmed a “buy” rating and set a $50.00 price objective on shares of Bentley Systems in a research note on Monday, August 10th. BMO Capital Markets upped their price objective on shares of Bentley Systems from $41.00 to $43.00 and gave the company an “outperform” rating in a research note on Friday, August 7th. Finally, 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. Ten equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $44.77.
View Our Latest Research Report on BSY
Bentley Systems Stock Performance
Shares of NASDAQ:BSY opened at $35.37 on Friday. 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 1 year low of $28.08 and a 1 year high of $52.85. The firm has a market capitalization of $10.28 billion, a PE ratio of 38.87, a P/E/G ratio of 2.21 and a beta of 0.99. The business’s 50 day moving average price is $34.26 and its 200-day moving average price is $33.24.
Bentley Systems (NASDAQ:BSY – Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.35 EPS for the quarter, beating 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 firm had revenue of $410.73 million during the quarter, compared to the consensus estimate of $412.12 million. During the same period in the prior year, the company earned $0.32 EPS. The firm’s revenue was up 12.8% compared to the same quarter last year. As a group, equities research analysts expect that Bentley Systems will post 1.21 earnings per share for the current fiscal year.
Bentley Systems Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 29th. Investors of record on Tuesday, September 22nd were given a dividend of $0.07 per share. The ex-dividend date was Tuesday, September 22nd. This represents a $0.28 dividend on an annualized basis and a yield of 0.8%. Bentley Systems’s dividend payout ratio (DPR) is presently 30.77%.
Hedge Funds Weigh In On Bentley Systems
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Physician Wealth Advisors Inc. grew its holdings in shares of Bentley Systems by 80.2% in the first quarter. Physician Wealth Advisors Inc. now owns 791 shares of the company’s stock valued at $28,000 after purchasing an additional 352 shares during the period. CX Institutional increased 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 buying an additional 845 shares during the last quarter. Summit Securities Group LLC acquired a new stake in shares of Bentley Systems during the 1st quarter worth approximately $34,000. Harbor Investment Advisory LLC acquired a new stake in shares of Bentley Systems during the 2nd quarter worth approximately $30,000. Finally, Parallel Advisors LLC increased its holdings in shares of Bentley Systems by 49.5% during the 1st quarter. Parallel Advisors LLC now owns 2,445 shares of the company’s stock worth $86,000 after buying an additional 810 shares during the last quarter. Institutional investors and hedge funds own 44.16% of the company’s stock.
Bentley Systems Company Profile
Bentley Systems, Incorporated (NASDAQ: BSY) develops software for the design, construction, and operation of infrastructure. Its solutions support organizations involved in transportation, water and wastewater, utilities, buildings, industrial facilities, mining, and other infrastructure sectors.
The company’s product portfolio includes engineering and design applications such as MicroStation, OpenRoads, OpenBuildings, and OpenPlant, as well as ProjectWise for project collaboration and AssetWise for asset performance and operations.
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