In yesterday’s Wall Street session, Bentley Systems Incorporated (NASDAQ:BSY) shares traded at $34.70, down -5.76% from the previous session.
11 analysts cover Bentley Systems Incorporated (NASDAQ:BSY), according to research data. The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $50.00 and a low of $39.00, we find $45.00. Given the previous closing price of $36.82, this indicates a potential upside of 22.22 percent. BSY stock price is now -6.82% away from the 50-day moving average and -5.70% away from the 200-day moving average. The market capitalization of the company currently stands at $10.05B.
The stock has received a hold rating from 2 analysts and a buy rating from 8. Brokers who have rated the stock have averaged $45.10 as their price target over the next twelve months.
With the price target enhanced from $38 to $44, Goldman Upgraded its rating from Neutral to Buy for Bentley Systems Incorporated (NASDAQ: BSY). On October 18, 2022, Rosenblatt recently initiated its ‘Buy’ rating on the stock quoting a target price of $37, while ‘Wolfe Research’ rates the stock as ‘Outperform’.
In other news, Griswold Kirk B., Director sold 35,000 shares of the company’s stock on Jan 03. The stock was sold for $1,288,532 at an average price of $36.82. Upon completion of the transaction, the Director now directly owns 502,204 shares in the company, valued at $17.43 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 13, Director Hughes Brian F. sold 3,000 shares of the business’s stock. A total of $120,627 was realized by selling the stock at an average price of $40.21. This leaves the insider owning 21,544 shares of the company worth $0.75 million. Insiders disposed of 2,616,468 shares of company stock worth roughly $90.79 million over the past 1 year. A total of 21.80% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in BSY stock. A new stake in Bentley Systems Incorporated shares was purchased by MARSHALL WACE, LLP during the first quarter worth $10,397,000. LOMBARD ODIER ASSET MANAGEMENT (EUROPE) LTD invested $8,759,000 in shares of BSY during the first quarter. In the first quarter, TWO SIGMA INVESTMENTS, LP acquired a new stake in Bentley Systems Incorporated valued at approximately $6,941,000. BNP PARIBAS ARBITRAGE, SNC acquired a new stake in BSY for approximately $5,045,000. TWINBEECH CAPITAL LP purchased a new stake in BSY valued at around $3,653,000 in the second quarter. In total, there are 405 active investors with 36.90% ownership of the company’s stock.
On Thursday morning Bentley Systems Incorporated (NASDAQ: BSY) stock kicked off with the opening price of $36.39. During the past 12 months, Bentley Systems Incorporated has had a low of $26.32 and a high of $46.15. As of last week, the company has a debt-to-equity ratio of 3.42, a current ratio of 0.60, and a quick ratio of 0.60. The fifty day moving average price for BSY is $37.24 and a two-hundred day moving average price translates $36.80 for the stock.
The latest earnings results from Bentley Systems Incorporated (NASDAQ: BSY) was released for Jun, 2022. According to the Software – Application Company, earnings per share came in at $0.22, beating analysts’ expectations of $0.17 by 0.05. This compares to -$0.16 EPS in the same period last year. The net profit margin was 17.60% and return on equity was 40.40% for BSY. The company reported revenue of $268.33 million for the quarter, compared to $251.39 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 6.74 percent. For the current quarter, analysts expect BSY to generate $273.58M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 12/08/2022. Investors who held shares on 11/30/2022 were paid a $0.03 dividend. On an annualized basis, this represents a $0.12 dividend and a 0.35% percent yield. There was an ex-dividend date of 11/29/2022 for this dividend. In terms of dividend payout ratio, BSY is presently at 19.40%.
Bentley Systems Incorporated(BSY) Company Profile
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 and open simulation applications for infrastructure design integration, which include 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 subsurface conditions, including Leapfrog, AGS Workbench, GeoStudio, Imago, MX Deposit, Oasis montaj, PLAXIS, and OpenGround. It also provides project delivery systems that support collaboration, work-sharing, and 4D construction modeling for infrastructure project delivery enterprises, such as ProjectWise, ProjectWise Design Review Service, and SYNCHRO; and asset and network performance systems, such as AssetWise ALIM, AssetWise Asset Reliability, AssetWise Enterprise Interoperability, AssetWise 4D Analytics, AssetWise Linear, and Seequent Central. In addition, it offers industry solutions comprising AssetWise Linear SUPERLOAD, AssetWise Linear Analytics, AssetWise Inspections, ContextCapture, OpenCities, OpenUtilities, OpenTower, OpenWindPower, Power Line, SPIDA, OrbitGT, sensemetrics, PlantSight, and WaterSight. The company serves civil, structural, geotechnical, geoscience subsurface engineers, architects, geospatial professionals, city and regional planners, contractors, fabricators, and operations and maintenance engineers. Bentley Systems, Incorporated was incorporated in 1984 and is headquartered in Exton, Pennsylvania.