Analysts Set Bentley Systems, Incorporated (NASDAQ:BSY) Price Target at $61.29

Bentley Systems, Incorporated (NASDAQ:BSY) has been assigned an average rating of “Moderate Buy” from the nine analysts that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $61.29.

BSY has been the topic of several recent research reports. William Blair started coverage on shares of Bentley Systems in a report on Thursday, March 28th. They set an “outperform” rating on the stock. Rosenblatt Securities restated a “buy” rating and set a $60.00 price objective on shares of Bentley Systems in a research note on Tuesday, April 30th. Mizuho upped their target price on Bentley Systems from $57.00 to $60.00 and gave the company a “buy” rating in a research report on Wednesday, May 8th. Finally, Piper Sandler restated an “overweight” rating and issued a $63.00 price target (up previously from $60.00) on shares of Bentley Systems in a research report on Wednesday, May 8th.

Insider Activity at Bentley Systems

In other Bentley Systems news, Director Keith A. Bentley sold 118,949 shares of the business’s stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $55.01, for a total transaction of $6,543,384.49. Following the sale, the director now owns 17,031,803 shares of the company’s stock, valued at $936,919,483.03. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, Director Keith A. Bentley sold 17,021 shares of the company’s stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $55.00, for a total value of $936,155.00. Following the completion of the transaction, the director now owns 17,150,752 shares of the company’s stock, valued at $943,291,360. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Keith A. Bentley sold 118,949 shares of the company’s stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $55.01, for a total transaction of $6,543,384.49. Following the completion of the transaction, the director now owns 17,031,803 shares of the company’s stock, valued at $936,919,483.03. The disclosure for this sale can be found here. Insiders sold a total of 195,390 shares of company stock valued at $10,748,234 in the last quarter. Insiders own 21.12% of the company’s stock.

Institutional Trading of Bentley Systems

Institutional investors and hedge funds have recently bought and sold shares of the stock. Private Trust Co. NA grew its position in shares of Bentley Systems by 87.3% in the 4th quarter. Private Trust Co. NA now owns 545 shares of the company’s stock valued at $28,000 after buying an additional 254 shares during the last quarter. Fifth Third Bancorp increased its position in Bentley Systems by 97.4% during the 4th quarter. Fifth Third Bancorp now owns 752 shares of the company’s stock valued at $39,000 after purchasing an additional 371 shares during the period. Benjamin F. Edwards & Company Inc. raised its holdings in Bentley Systems by 496.0% during the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 900 shares of the company’s stock worth $47,000 after purchasing an additional 749 shares during the last quarter. Van ECK Associates Corp bought a new position in Bentley Systems during the 4th quarter worth approximately $72,000. Finally, Global Retirement Partners LLC lifted its position in shares of Bentley Systems by 439.4% in the 4th quarter. Global Retirement Partners LLC now owns 1,505 shares of the company’s stock worth $73,000 after purchasing an additional 1,226 shares during the period. 44.16% of the stock is currently owned by institutional investors and hedge funds.

Bentley Systems Stock Down 0.3 %

Bentley Systems stock opened at $49.68 on Friday. Bentley Systems has a twelve month low of $44.76 and a twelve month high of $57.19. The stock has a market cap of $14.33 billion, a P/E ratio of 46.43, a P/E/G ratio of 4.44 and a beta of 1.04. The company’s 50-day moving average price is $52.59 and its two-hundred day moving average price is $51.21. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 1.53.

Bentley Systems (NASDAQ:BSY) last announced its earnings results on Tuesday, May 7th. The company reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.21 by $0.04. The company had revenue of $337.76 million for the quarter, compared to analyst estimates of $335.00 million. Bentley Systems had a return on equity of 32.62% and a net margin of 28.09%. As a group, analysts expect that Bentley Systems will post 0.85 EPS for the current year.

Bentley Systems Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, June 13th. Investors of record on Tuesday, June 4th were issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.48%. The ex-dividend date of this dividend was Tuesday, June 4th. Bentley Systems’s dividend payout ratio (DPR) is presently 22.43%.

Bentley Systems Company Profile

Bentley Systems, Incorporated, together with its subsidiaries, provides infrastructure engineering software solutions in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. The company offers open modeling engineering applications, such as MicroStation, OpenBridge, OpenBuildings, OpenCities, OpenComms, OpenFlows, OpenPlant, OpenRail, OpenRoads, OpenSite, OpenTower, OpenTunnel, OpenUtilities, and OpenWindowPower; and open simulation engineering applications, including ADINA, AutoPIPE, CUBE, DYNAMEQ, EMME, LEGION, Power Line Systems, RAM, SACS, SPIDA, and STAAD; and geoprofessional applications for modeling and simulation of near and deep subsurface conditions, including AGS, Central, GeoStudio, Imago, Leapfrog, MX Deposit, Oasis montaj, OpenGround, and PLAXIS.