Bentley Systems, Incorporated (NASDAQ:BSY – Get Rating) – Equities research analysts at Oppenheimer issued their Q1 2023 EPS estimates for Bentley Systems in a note issued to investors on Tuesday, January 24th. Oppenheimer analyst K. Owen expects that the company will post earnings of $0.19 per share for the quarter. Oppenheimer has a "Outperform" rating and a $48.00 price target on the stock. The consensus estimate for Bentley Systems' current full-year earnings is $0.65 per share. Oppenheimer also issued estimates for Bentley Systems' Q2 2023 earnings at $0.15 EPS, Q3 2023 earnings at $0.17 EPS and Q4 2023 earnings at $0.17 EPS.
Get Bentley Systems alerts:BSY has been the topic of a number of other reports. Rosenblatt Securities boosted their target price on shares of Bentley Systems from $37.00 to $39.00 and gave the stock a "buy" rating in a research report on Wednesday, November 9th. The Goldman Sachs Group raised shares of Bentley Systems from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $38.00 to $44.00 in a research report on Wednesday, November 9th. Mizuho upped their price target on shares of Bentley Systems from $40.00 to $45.00 and gave the company a "buy" rating in a report on Thursday, December 8th. Finally, Royal Bank of Canada cut their price target on shares of Bentley Systems from $46.00 to $44.00 and set an "outperform" rating on the stock in a report on Friday, October 28th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $46.33.
Bentley Systems Trading Down 0.7 %
Shares of BSY stock opened at $38.06 on Wednesday. The stock has a market cap of $10.53 billion, a price-to-earnings ratio of 64.95, a price-to-earnings-growth ratio of 6.78 and a beta of 1.23. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 3.42. Bentley Systems has a fifty-two week low of $26.32 and a fifty-two week high of $45.70. The firm's 50 day moving average price is $37.91 and its two-hundred day moving average price is $36.57.Bentley Systems (NASDAQ:BSY – Get Rating) last announced its quarterly earnings results on Tuesday, November 8th. The company reported $0.14 earnings per share for the quarter, beating analysts' consensus estimates of $0.13 by $0.01. The firm had revenue of $268.33 million for the quarter, compared to analysts' expectations of $268.93 million. Bentley Systems had a net margin of 17.37% and a return on equity of 49.27%.
Institutional Trading of Bentley Systems
Hedge funds have recently bought and sold shares of the company. Whittier Trust Co. of Nevada Inc. lifted its stake in Bentley Systems by 181.4% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 830 shares of the company's stock valued at $28,000 after buying an additional 535 shares in the last quarter. Nisa Investment Advisors LLC acquired a new position in shares of Bentley Systems in the 3rd quarter valued at about $30,000. CWM LLC increased its holdings in shares of Bentley Systems by 67.3% in the 3rd quarter. CWM LLC now owns 885 shares of the company's stock valued at $27,000 after purchasing an additional 356 shares during the period. First Horizon Advisors Inc. increased its holdings in shares of Bentley Systems by 209.9% in the 2nd quarter. First Horizon Advisors Inc. now owns 973 shares of the company's stock valued at $32,000 after purchasing an additional 659 shares during the period. Finally, PNC Financial Services Group Inc. increased its holdings in shares of Bentley Systems by 315.6% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,226 shares of the company's stock valued at $55,000 after purchasing an additional 931 shares during the period. 36.12% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling
In other Bentley Systems news, CEO Gregory S. Bentley sold 87,531 shares of the company's stock in a transaction dated Tuesday, November 8th. The shares were sold at an average price of $36.07, for a total value of $3,157,243.17. Following the completion of the sale, the chief executive officer now directly owns 8,592,671 shares of the company's stock, valued at approximately $309,937,642.97. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Bentley Systems news, Director Kirk B. Griswold sold 35,000 shares of the company's stock in a transaction dated Tuesday, January 3rd. The shares were sold at an average price of $36.82, for a total value of $1,288,700.00. Following the completion of the sale, the director now directly owns 502,204 shares of the company's stock, valued at approximately $18,491,151.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Gregory S. Bentley sold 87,531 shares of the company's stock in a transaction dated Tuesday, November 8th. The shares were sold at an average price of $36.07, for a total transaction of $3,157,243.17. Following the completion of the sale, the chief executive officer now directly owns 8,592,671 shares of the company's stock, valued at $309,937,642.97. The disclosure for this sale can be found here. Corporate insiders own 22.53% of the company's stock.
Bentley Systems Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 8th. Investors of record on Wednesday, November 30th were issued a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 0.32%. The ex-dividend date of this dividend was Tuesday, November 29th. Bentley Systems's payout ratio is currently 20.34%.
Bentley Systems Company Profile
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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.
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