According to MarketBeat.com, the stock has been given an average “Moderate Buy” rating from the ten different brokerages currently covering Bentley Systems, Incorporated (NASDAQ: BSY-Get Rating). The stock has been given a buy recommendation by four of the five analysts, while a hold rating has been assigned to the stock by one of the experts. Brokerages that rated the company in the previous year stated that its average price objective for the next 12 months is $47.63 per share. Recent happenings about the BSY stock have sparked the curiosity of many research professionals in the financial industry. TheStreet upgraded its rating of the Bentley Systems shares in a report published on Friday, August 12, upgrading them from a “d+” rating to a “c-” rating. The research was made public. Wolfe Research published a report on Tuesday, August 16, announcing that it would begin covering shares of Bentley Systems. They gave the company an “outperform” rating and decided the price objective should be $48.0. In a research report that was made public on August 10, Griffin Securities restated its recommendation that customers “hold” their shares of Bentley Systems. In a statement made public on May 19, Oppenheimer established themselves as an analyst covering shares of Bentley Systems. They have placed an “outperform” rating on the company, and their stock price objective is $40.00.
In a report released on Wednesday, August 10, Bentley Systems was upgraded to a “buy” rating, and Mizuho increased their price objective on the stock from $45.00 to $46.00 in a released report on August 10. This was the last but not the least essential change the corporation made. BSY shares began trading for the first time on Friday at $38.47 a share. The quick ratio, the current ratio, and the debt-to-equity ratio are all the same; they are all equal to 0.60. There is no difference between these three ratios. The company has a beta value of 1.03, a price-to-earnings-growth ratio of 6.21, and a price-to-earnings ratio of 124.10 times profits per share. It is currently worth $10.65 billion on the market. The company’s 50-day moving average and 200-day moving average are currently lying at $37.53 and $37.54, respectively, as of right now. In the previous 52 weeks, Bentley Systems had an all-time high price of $71.92 and an all-time low price of $26.32 in the stock market.
The company reported $0.22 per share, $0.05 more than the consensus forecast of $0.17 per share from financial analysts. The aggregate revenue for the quarter came in at $268.30 million, which was more than the $269.10 million analysts in the relevant industry had predicted. The return on equity for Bentley Systems was 53.27 percent, and the net margin for the company was 9.48 percent. The company’s quarterly sales climbed by 20.4% when measured against the results achieved during the same quarter in the preceding year. The results of the company’s most recent quarter were $0.20 per share, which is comparable to the results of the previous year. Experts who study the stock market say that Bentley Systems will make $0.66 per share this year. In addition, the corporation just announced a quarterly dividend, distributed on September 14. On Thursday, September 8, shareholders of record will be eligible to receive a $0.03 dividend payment, which will be paid out. This amounts to an annual dividend payout of $0.12, giving the stock a dividend yield of 0.31%. This dividend will be paid to stockholders whose accounts were in good standing as of September 7, which is the day it will be disbursed. In the case of Bentley Systems, the payout percentage comes in at 38.71%.
Additionally, on August 10, Chief Information Officer David J. Hollister sold 200,000 shares of the company’s stock. The transaction took place. The price at which the shares were sold was $41.12 on average, bringing the total amount realized from the transaction to $8,224,000.00. The transaction concluded that the executive now owns 2,105,519 shares of the company. The total value of these shares is roughly $86,578,941.28. By releasing a legal document, which may be seen on the SEC website, the Securities and Exchange Commission (SEC) disclosed the transaction to the public. A total of 22.53% of the company’s shares are held by individuals who the company employs. The company’s stock was bought and sold by several institutional investors and hedge funds in the most recent transactions affecting the company’s shares. During the first three months of 2018, Xponance Inc. boosted the amount of stock it held in Bentley Systems by 1.5%, bringing the total percentage of shares it held in Bentley Systems to 7.5%. The most recent quarter saw Xponance Inc. acquire an additional 233 shares, increasing the total number of shares it owns in the company to 233. This gives it a combined total of 15,801 shares, which is 698,000 dollars. During the fourth quarter, Japan ADV increased its ownership of Bentley Systems shares by 1.7%.
Nissay Asset Management Corp Japan ADV has increased the total number of shares held in the firm by 335 since the beginning of the most recent quarter, bringing the total number of shares they possess to 20,179, with a market value of $975,000. During the first three months of the year, Lazard Asset Management LLC boosted the amount of Bentley Systems stock owned by 28.7%. During the most recent quarter, Lazard Asset Management LLC boosted its interest in the company by purchasing an additional 473 shares. This brought the total number of shares in the company up to 2,123, with a value of $93,000. In the last three months of 2018, Schroder Investment Management Group made a 134.1% gain in the amount of Bentley Systems stock it owned. Schroder Investment Management Group now has a total of 934 shares of the company’s stock, which are worth a combined total of $45,000 after purchasing an additional 535 shares during the most recent fiscal quarter. This brings the total number of shares owned by the firm to 934. Last but certainly not least, during the second quarter, Whittier Trust Co. of Nevada Inc. boosted the amount of Bentley Systems stock owned by 181.4%. This is not to say that this is the most important thing during this period. Whittier Trust Co. of Nevada Inc. now has 830 shares of the company’s stock, which are currently valued at $28,000 after purchasing an additional 535 shares over the past three months.
The combined holdings of institutional investors and hedge funds bring the entire ownership of the company’s shares to 35.80%. Bentley Systems, Incorporated and all its subsidiaries provide software solutions for infrastructure engineering in every region of the world, including the Americas, Europe, the Middle East, Africa, and the Asia-Pacific region. In addition, this company offers a variety of open modeling and open simulation software to integrate infrastructure design. These programs include OpenRoads, OpenRail, OpenPlant, OpenBuildings, OpenBridge, OpenSite, OpenFlows, STAAD, RAM, SACS, MOSES, AutoPIPE, SITEOPS, CUBE, DYNAMEQ, EMME, and LEGION. Others include STAAD, RAM, and MOSES. OpenFlows is another piece of software that may be obtained from the corporation. It also gives geoprofessionals software that can model and simulate conditions close to the surface and deep underground. MarketBeat tracks the most well-regarded and successful research analysts working on Wall Street and the firms that these analysts recommend to their clients daily. MarketBeat also follows the companies that these analysts study closely. Bentley Systems was not one of the five companies that MarketBeat said had top analysts telling their clients to buy the company immediately before the rest of the market catches on.