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

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

A number of research analysts have recently weighed in on the company. The Goldman Sachs Group cut Bentley Systems from a “neutral” rating to a “sell” rating and dropped their price target for the company from $51.00 to $42.00 in a research report on Friday, February 28th. Robert W. Baird cut 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. 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 target on the stock. Oppenheimer cut shares of Bentley Systems from an “outperform” rating to a “market perform” rating in a research note on Thursday, February 27th. Finally, Piper Sandler reduced their target price on Bentley Systems from $65.00 to $57.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 8th.

Insider Transactions at Bentley Systems

In other Bentley Systems news, Director Keith A. Bentley sold 69,573 shares of Bentley Systems stock in a transaction that occurred on 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 $779,623,656.76. The trade was a 0.41 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 21.12% of the company’s stock.

Institutional Trading of Bentley Systems

Several hedge funds and other institutional investors have recently bought and sold shares of BSY. Lansforsakringar Fondforvaltning AB publ bought a new position in Bentley Systems in the fourth quarter worth about $2,392,000. Siemens Fonds Invest GmbH acquired a new stake in shares of Bentley Systems during the 4th quarter worth approximately $391,000. Ameriflex Group Inc. bought a new stake in shares of Bentley Systems in the 4th quarter worth approximately $75,000. Cache Advisors LLC acquired a new position in Bentley Systems during the 4th quarter valued at approximately $293,000. Finally, Voloridge Investment Management LLC boosted its position in Bentley Systems by 187.6% during the 4th quarter. Voloridge Investment Management LLC now owns 324,175 shares of the company’s stock valued at $15,139,000 after purchasing an additional 211,476 shares during the period. 44.16% of the stock is owned by institutional investors.

Bentley Systems Trading Up 0.7 %

NASDAQ:BSY opened at $41.94 on Friday. Bentley Systems has a 1 year low of $39.98 and a 1 year high of $57.19. 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 stock has a fifty day moving average price of $44.92 and a two-hundred day moving average price of $47.40. The stock has a market capitalization of $12.23 billion, a price-to-earnings ratio of 37.78, a PEG ratio of 3.52 and a beta of 1.04.

Bentley Systems Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Wednesday, March 19th will be paid a $0.07 dividend. The ex-dividend date of this dividend is Wednesday, March 19th. 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. Bentley Systems’s dividend payout ratio (DPR) 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.