Bentley Systems, Incorporated (NASDAQ:BSY) Given Average Rating of “Moderate Buy” by Analysts

Shares of Bentley Systems, Incorporated (NASDAQ:BSY) have received an average rating of “Moderate Buy” from the ten analysts that are presently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and seven have given a buy recommendation to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $52.70.

Several equities analysts have commented on the company. Piper Sandler cut their price target on Bentley Systems from $65.00 to $57.00 and set an “overweight” rating for the company in a report on Wednesday, January 8th. UBS Group assumed coverage on Bentley Systems in a research report on Monday, March 31st. They issued a “neutral” rating and a $48.00 target price for the company. The Goldman Sachs Group lowered shares of Bentley Systems from a “neutral” rating to a “sell” rating and lowered their price target for the company from $51.00 to $42.00 in a report on Friday, February 28th. Robert W. Baird reduced their price objective on shares of Bentley Systems from $60.00 to $59.00 and set an “outperform” rating for the company in a report on Thursday, February 27th. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $62.00 target price on shares of Bentley Systems in a research note on Tuesday, February 25th.

Bentley Systems Stock Up 0.3 %

Shares of BSY opened at $43.42 on Thursday. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.52 and a current ratio of 0.52. The company has a 50-day simple moving average of $42.48 and a 200-day simple moving average of $46.04. Bentley Systems has a 52 week low of $36.51 and a 52 week high of $57.19. The firm has a market capitalization of $12.64 billion, a P/E ratio of 39.12, a P/E/G ratio of 3.52 and a beta of 1.06.

Bentley Systems Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Wednesday, March 19th were paid a $0.07 dividend. The ex-dividend date of this dividend was Wednesday, March 19th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.64%. This is a boost from Bentley Systems’s previous quarterly dividend of $0.06. Bentley Systems’s payout ratio is 38.36%.

Insider Buying and Selling

In other Bentley Systems news, Director Keith A. Bentley sold 1,152 shares of the business’s stock in a transaction dated Friday, January 24th. The shares were sold at an average price of $46.33, for a total value of $53,372.16. Following the completion of the transaction, the director now directly owns 16,703,876 shares of the company’s stock, valued at approximately $773,890,575.08. The trade was a 0.01 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 21.12% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. City Holding Co. acquired a new stake in shares of Bentley Systems in the 1st quarter valued at $26,000. Fifth Third Bancorp increased its position in Bentley Systems by 106.6% in the first quarter. Fifth Third Bancorp now owns 843 shares of the company’s stock worth $33,000 after purchasing an additional 435 shares during the period. Private Trust Co. NA raised its holdings in Bentley Systems by 61.1% during the 4th quarter. Private Trust Co. NA now owns 997 shares of the company’s stock worth $47,000 after purchasing an additional 378 shares during the last quarter. Tobam acquired a new position in Bentley Systems during the 4th quarter valued at about $55,000. Finally, Atala Financial Inc bought a new position in shares of Bentley Systems in the 4th quarter valued at about $55,000. Institutional investors own 44.16% of the company’s stock.

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.