Bentley Systems, Incorporated (NASDAQ:BSY) Receives Consensus Rating of “Moderate Buy” from Brokerages

Bentley Systems, Incorporated (NASDAQ:BSY) has received an average rating of “Moderate Buy” from the nine research firms that are covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and six have given a buy recommendation to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $56.14.

BSY has been the subject of a number of recent analyst reports. Oppenheimer lowered shares of Bentley Systems from an “outperform” rating to a “market perform” rating in a research report on Thursday, February 27th. JPMorgan Chase & Co. initiated coverage on shares of Bentley Systems in a report on Monday, December 9th. They issued a “neutral” rating and a $52.00 price objective for the company. The Goldman Sachs Group lowered shares of Bentley Systems from a “neutral” rating to a “sell” rating and lowered their price objective for the company from $51.00 to $42.00 in a research note on Friday, February 28th. Piper Sandler cut their target price on Bentley Systems from $65.00 to $57.00 and set an “overweight” rating for the company in a research report on Wednesday, January 8th. Finally, Rosenblatt Securities reiterated a “buy” rating and set a $62.00 price target on shares of Bentley Systems in a research report on Tuesday, February 25th.

Insider Activity at Bentley Systems

In related news, Director Keith A. Bentley sold 1,152 shares of the stock in a transaction on Friday, January 24th. The stock was sold at an average price of $46.33, for a total transaction of $53,372.16. Following the completion of the sale, the director now directly owns 16,703,876 shares in the company, valued at approximately $773,890,575.08. This trade represents a 0.01 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 21.12% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Intech Investment Management LLC increased its stake in shares of Bentley Systems by 3.6% during the 4th quarter. Intech Investment Management LLC now owns 7,283 shares of the company’s stock worth $340,000 after purchasing an additional 254 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in Bentley Systems by 3.3% in the fourth quarter. EverSource Wealth Advisors LLC now owns 10,035 shares of the company’s stock worth $469,000 after purchasing an additional 317 shares in the last quarter. Quantinno Capital Management LP increased its position in Bentley Systems by 7.2% during the fourth quarter. Quantinno Capital Management LP now owns 5,261 shares of the company’s stock worth $246,000 after buying an additional 354 shares during the last quarter. Prudential PLC raised its holdings in Bentley Systems by 0.6% during the fourth quarter. Prudential PLC now owns 63,008 shares of the company’s stock valued at $2,942,000 after buying an additional 371 shares in the last quarter. Finally, Private Trust Co. NA raised its holdings in Bentley Systems by 61.1% during the fourth quarter. Private Trust Co. NA now owns 997 shares of the company’s stock valued at $47,000 after buying an additional 378 shares in the last quarter. 44.16% of the stock is owned by institutional investors and hedge funds.

Bentley Systems Stock Performance

BSY opened at $41.94 on Friday. Bentley Systems has a twelve month low of $39.98 and a twelve month high of $57.19. The stock has a market cap of $12.23 billion, a PE ratio of 37.78, a price-to-earnings-growth ratio of 3.52 and a beta of 1.04. The business’s 50 day moving average is $44.92 and its 200-day moving average is $47.40. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 1.37.

Bentley Systems Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Wednesday, March 19th will be given a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.67%. This is a positive change from Bentley Systems’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend is Wednesday, March 19th. Bentley Systems’s dividend payout ratio is 38.36%.

About Bentley Systems

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.