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.

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Analyst Recommendations for Bentley Systems (NASDAQ: BSY)



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