Bentley Systems (NASDAQ:BSY – Get Free Report)‘s stock had its “buy” rating reaffirmed by Rosenblatt Securities in a research report issued to clients and investors on Tuesday, Benzinga reports. They presently have a $50.00 price target on the stock. Rosenblatt Securities‘s price objective suggests a potential upside of 27.16% from the stock’s previous close.
Several other equities analysts also recently issued reports on the company. Weiss Ratings upgraded Bentley Systems from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, October 19th. Piper Sandler restated an “overweight” rating and set a $45.00 price target on shares of Bentley Systems in a report on Friday, August 7th. Cantor Fitzgerald raised their price objective on shares of Bentley Systems from $37.00 to $42.00 and gave the stock an “overweight” rating in a report on Friday, October 16th. Finally, BMO Capital Markets lifted their price target 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. Ten investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $44.77.
View Our Latest Research Report on Bentley Systems
Bentley Systems Stock Down 1.3%
NASDAQ:BSY traded down $0.52 during midday trading on Tuesday, hitting $39.32. 1,745,097 shares of the company were exchanged, compared to its average volume of 2,835,625. Bentley Systems has a fifty-two week low of $28.08 and a fifty-two week high of $52.24. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 1.01. The company has a market capitalization of $11.43 billion, a PE ratio of 43.21, a price-to-earnings-growth ratio of 2.48 and a beta of 0.99. The company has a fifty day simple moving average of $34.63 and a 200 day simple moving average of $34.40.
Bentley Systems (NASDAQ:BSY – Get Free Report) last announced its quarterly 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. Bentley Systems had a return on equity of 28.43% and a net margin of 18.10%. The business had revenue of $410.73 million for the quarter, compared to analyst estimates of $412.12 million. During the same quarter in the previous year, the company earned $0.32 EPS. The company’s quarterly revenue was up 12.8% on a year-over-year basis. As a group, equities analysts anticipate that Bentley Systems will post 1.21 earnings per share for the current fiscal year.
Insider Transactions at Bentley Systems
In related news, Director Raymond Bentley sold 139,135 shares of the firm’s stock in a transaction on Monday, October 26th. The shares were sold at an average price of $40.05, for a total value of $5,572,356.75. Following the completion of the transaction, the director directly owned 14,660,607 shares of the company’s stock, valued at approximately $587,157,310.35. This trade represents a 0.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 20.27% of the stock is currently owned by company insiders.
Institutional Inflows and Outflows
Large investors have recently bought and sold shares of the stock. Physician Wealth Advisors Inc. raised its stake in Bentley Systems by 80.2% in the 1st 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 last quarter. CX Institutional raised its position 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 acquiring an additional 845 shares in the last quarter. Harbor Investment Advisory LLC acquired a new stake in shares of Bentley Systems during the 2nd quarter worth about $30,000. Summit Securities Group LLC purchased a new position in Bentley Systems during the 1st quarter worth approximately $34,000. Finally, Parallel Advisors LLC grew its stake in shares of Bentley Systems by 49.5% in the 1st quarter. Parallel Advisors LLC now owns 2,445 shares of the company’s stock valued at $86,000 after purchasing an additional 810 shares during the last quarter. 44.16% of the stock is 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 Securities reaffirmed its Buy rating and maintained a $50 price target, implying substantial upside from recent trading levels. The endorsement provides support for the company’s long-term growth outlook. Rosenblatt Securities ratings
- Positive Sentiment: A Yahoo Finance article highlighted Bentley Systems as an attractive opportunity for Madison Small Cap Fund despite fears that artificial intelligence could disrupt software companies. This suggests some investors view AI-related weakness as already reflected in the stock’s valuation and see potential for recovery. Bentley Systems becomes an attractive opportunity
- Neutral Sentiment: Gregory Bentley received 63,793 Class B shares through a bonus pool plan. Because the shares were awarded rather than purchased in the open market, the transaction offers limited information about current operating expectations. Gregory Bentley receives Class B shares
- Neutral Sentiment: Reports stated that October short interest totaled zero shares, producing a zero-day short-interest ratio. The data appears unusual and provides little actionable indication of bearish positioning.
- Neutral Sentiment: Bentley Systems was included in Oppenheimer’s top 50 small- and mid-cap buy list, potentially improving visibility among institutional investors. Oppenheimer top 50 buy list
- Negative Sentiment: Director Raymond Bentley sold a combined 155,797 shares for approximately $6.24 million across October 23 and 26. Both sales were made under a pre-arranged Rule 10b5-1 plan, reducing the immediate negative signal, but the sizable transactions may still weigh on sentiment.
About Bentley Systems
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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