Bentley Systems, Incorporated (NASDAQ:BSY) Receives Average “Buy” Recommendation From Analysts
Shares of Bentley Systems, Incorporated (NASDAQ:BSY – Get Rating) received a consensus recommendation of “Hold” from the seven analysts who currently cover the company, MarketBeat.com reports. One research analyst rated the stock with a sell recommendation, one gave the company a hold recommendation and three gave the company a buy recommendation. The average 1-year price target among analysts who have updated their coverage of the stock in the past year is $56.08.
Several analysts weighed in on BSY shares. Mizuho lowered his price target on Bentley Systems shares from $65.00 to $60.00 in a Tuesday, January 18 research note. Goldman Sachs Group cut its price target on Bentley Systems shares from $60.00 to $52.00 in a Tuesday, March 1 research report. KeyCorp cut its price target on Bentley Systems shares from $72.00 to $50.00 and set an “overweight” rating for the company in a Wednesday, March 2 research note. Zacks Investment Research moved Bentley Systems shares from a “hold” rating to a “sell” rating in a Wednesday, March 9 research note. Finally, Royal Bank of Canada lowered its price target on Bentley Systems from $65.00 to $55.00 and set an “outperform” rating for the company in a Wednesday, March 2 research note.
A number of hedge funds and other institutional investors have recently changed their stock holdings. Utah Retirement Systems increased its position in Bentley Systems by 2.9% in the third quarter. Utah Retirement Systems now owns 7,200 shares of the company valued at $437,000 after purchasing an additional 200 shares in the last quarter. Xponance Inc. increased its position in Bentley Systems by 1.5% in the 1st quarter. Xponance Inc. now owns 15,801 shares of the company worth $698,000 after buying 233 additional shares in the last quarter. Nissay Asset Management Corp Japan ADV increased its position in Bentley Systems by 1.7% in the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 20,179 shares of the company worth $975,000 after buying 335 additional shares in the last quarter. Heritage Wealth Management LLC increased its position in Bentley Systems by 14.5% in the third quarter. Heritage Wealth Management LLC now owns 2,871 shares of the company worth $174,000 after buying 363 additional shares in the last quarter. Finally, IFM Investors Pty Ltd strengthened its position in Bentley Systems by 1.7% in the 4th quarter. IFM Investors Pty Ltd now owns 24,394 shares in the company worth $1,179,000 after buying 398 more shares in the last quarter. Hedge funds and other institutional investors own 34.00% of the company’s shares.
The NASDAQ BSY opened at $43.54 on Friday. Bentley Systems has a 52-week low of $34.45 and a 52-week high of $71.92. The company has a debt ratio of 3.50, a quick ratio of 1.04 and a current ratio of 1.04. The company has a market capitalization of $12.02 billion, a P/E ratio of 155.50, a P/E/G ratio of 7.15 and a beta of 0.98. The company has a fifty-day moving average of $40.46 and a 200-day moving average of $46.47.
Bentley Systems (NASDAQ:BSY – Get Rating) last released its quarterly results on Tuesday, March 1. The company reported earnings per share of $0.18 for the quarter, beating the consensus estimate of $0.13 by $0.05. The company posted revenue of $267.70 million in the quarter, compared to a consensus estimate of $262.23 million. Bentley Systems had a net margin of 9.40% and a return on equity of 56.39%. The company’s revenue for the quarter increased 21.9% on an annual basis. In the same period a year earlier, the company posted earnings per share of $0.15. As a group, analysts expect Bentley Systems to post 0.57 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 15. Shareholders of record on Tuesday, March 8 received a dividend of $0.03 per share. The ex-dividend date was Monday, March 7. This represents an annualized dividend of $0.12 and a dividend yield of 0.28%. Bentley Systems’ dividend payout ratio (DPR) is currently 42.86%.
Bentley Systems Company Profile (Get an assessment)
Bentley Systems, Incorporated, together with its subsidiaries, provides infrastructure engineering software solutions in the Americas, Europe, Middle East, Africa and Asia-Pacific. The Company offers open modeling and simulation applications for infrastructure design integration, including MicroStation, OpenRoads, OpenRail, OpenPlant, OpenBuildings, OpenBridge, OpenSite, OpenFlows, STAAD and RAM, SACS, MOSES, AutoPIPE, SITEOPS , CUBE, DYNAMEQ, EMME, and LEGION; and geoprofessional applications for modeling and simulation of near and deep underground conditions, including Leapfrog, AGS Workbench, GeoStudio, Imago, MX Deposit, Oasis montaj, PLAXIS and OpenGround.
Receive daily news and reviews for Bentley Systems – Enter your email address below to receive a concise daily summary of the latest news and analyst assessments for Bentley Systems and related companies with MarketBeat.com’s FREE daily email newsletter.