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

Shares of Bentley Systems, Incorporated (NASDAQ:BSY) have received a consensus recommendation of “Moderate Buy” from the eight brokerages that are currently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $56.14.

Several equities analysts have weighed in on BSY shares. The Goldman Sachs Group cut Bentley Systems from a “neutral” rating to a “sell” rating and dropped their price objective for the company from $51.00 to $42.00 in a report on Friday, February 28th. JPMorgan Chase & Co. began coverage on Bentley Systems in a research note on Monday, December 9th. They issued a “neutral” rating and a $52.00 price target for the company. Oppenheimer downgraded shares of Bentley Systems from an “outperform” rating to a “market perform” rating in a research note on Thursday, February 27th. Robert W. Baird dropped their target price on shares of Bentley Systems from $60.00 to $59.00 and set an “outperform” rating for the company in a research report on Thursday, February 27th. Finally, Piper Sandler reduced their price target on shares of Bentley Systems from $65.00 to $57.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 8th.

Bentley Systems Stock Down 4.3 %

Shares of BSY opened at $40.36 on Friday. 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 has a 12 month low of $39.98 and a 12 month high of $57.19. The firm’s 50 day moving average is $44.58 and its 200-day moving average is $47.22. The stock has a market capitalization of $11.77 billion, a PE ratio of 36.36, a P/E/G ratio of 3.52 and a beta of 1.04.

Bentley Systems Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Wednesday, March 19th were given 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 yield of 0.69%. This is a positive change from Bentley Systems’s previous quarterly dividend of $0.06. Bentley Systems’s dividend payout ratio (DPR) is currently 38.36%.

Insider Transactions at Bentley Systems

In other news, Director Keith A. Bentley sold 69,573 shares of the business’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $46.67, for a total transaction of $3,246,971.91. Following the sale, the director now directly owns 16,705,028 shares in the company, valued at approximately $779,623,656.76. The trade was a 0.41 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 21.12% of the company’s stock.

Institutional Investors Weigh In On Bentley Systems

Hedge funds have recently added to or reduced their stakes in the business. Swedbank AB increased its position in Bentley Systems by 36.5% in the 4th quarter. Swedbank AB now owns 7,007,324 shares of the company’s stock valued at $327,242,000 after acquiring an additional 1,873,029 shares during the period. Impax Asset Management Group plc increased its holdings in Bentley Systems by 41.9% in the fourth quarter. Impax Asset Management Group plc now owns 2,493,059 shares of the company’s stock valued at $115,719,000 after purchasing an additional 736,369 shares during the period. Skandinaviska Enskilda Banken AB publ raised its position in Bentley Systems by 591.7% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 555,702 shares of the company’s stock worth $26,446,000 after purchasing an additional 475,361 shares during the last quarter. Sone Capital Management LLC acquired a new position in Bentley Systems during the 4th quarter worth about $17,884,000. Finally, BLI Banque de Luxembourg Investments bought a new stake in shares of Bentley Systems in the 4th quarter valued at about $14,929,000. 44.16% of the stock is currently owned by institutional investors and hedge funds.

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.