Bentley Systems, Incorporated (NASDAQ: BSY), a leading provider of infrastructure software solutions, has received an average recommendation of “Moderate Buy” from nine ratings firms currently covering the company. According to Bloomberg.com, three equities research analysts have assigned a hold recommendation, while six have given a buy recommendation for the stock. These findings indicate positive sentiment and confidence in Bentley Systems’ future prospects.
Analysts have also set an average 12-month price objective of $55.67 among brokerages that have updated their coverage on the stock over the past year. This suggests potential growth in value for investors who choose to hold onto their shares.
On September 20, 2023, shares of BSY opened at $48.94. The business’s 50-day simple moving average stands at $50.25, while its 200-day simple moving average is recorded at $47.41. Over the past year, Bentley Systems’ stock has experienced a low of $30.51 and a high of $55.37.
With a market capitalization of $13.87 billion, Bentley Systems operates within the technology sector and holds promising potential for investors seeking exposure to this industry.
It is essential to note key financial metrics when evaluating the investment opportunity presented by Bentley Systems. The company boasts a price-to-earnings ratio (P/E) of 99.88 and a price/earnings-to-growth ratio (PEG) of 8.55, indicating higher growth expectations relative to its current earnings valuation.
Furthermore, Bentley Systems has demonstrated its ability to manage debt effectively with a debt-to-equity ratio of 2.53, showcasing prudent financial management practices that mitigate risk exposure.
The recent sale transactions involving insider Michael M. Campbell may provide additional insight into market dynamics and investor sentiment surrounding Bentley Systems’ stock value and future performance.
Moving away from financial figures and transactions, it is worth mentioning that Bentley Systems released its quarterly earnings results on August 8, 2023. The company reported earnings per share (EPS) of $0.20 for the quarter, surpassing the consensus estimate of $0.15 by $0.05.
Bentley Systems also achieved revenue of $296.75 million, slightly exceeding the consensus estimate of $295.78 million for the same period. These positive financial results further contribute to the overall optimistic outlook for the company.
Looking ahead, sell-side analysts predict that Bentley Systems will post an EPS of 0.7 for the current fiscal year, reinforcing expectations of continued growth and profitability.
It is crucial for investors to conduct comprehensive research before making any investment decisions. While various indicators point towards positive prospects for BSY stock, it is important to consider individual risk tolerance and investment objectives when determining whether or not to invest in Bentley Systems’ shares. As always, consulting with a qualified financial advisor is recommended to make well-informed investment choices.
Updated on: 05/12/2023
Debt to equity ratio: Buy
Price to earnings ratio: Strong Buy
Price to book ratio: Strong Buy
DCF: Strong Buy
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Analyst Reviews and Dividend Announcement Indicate Promising Future for Bentley Systems
Bentley Systems, a leading software company specializing in infrastructure engineering solutions, recently received positive reviews from various analysts. These analysts have provided their assessments and price targets on the company’s stock, offering investors valuable insight into its potential growth and performance.
One of the firms that expressed an optimistic view on Bentley Systems is Oppenheimer. Their analysts raised the price target on the company’s shares from $63.00 to $64.00 and gave it an “outperform” rating. This indicates that Oppenheimer believes Bentley Systems has the potential to outperform its competitors in the market.
Mizuho, another reputable financial institution, also raised their price target on Bentley Systems’ shares. They increased it from $51.00 to $55.00, implying more positive expectations for the company’s future performance.
On the other hand, Rosenblatt Securities reaffirmed a “neutral” rating on Bentley Systems’ stock and assigned a price objective of $47.00 per share. This suggests that Rosenblatt Securities considers the company’s market performance to be consistent with industry trends, without any significant advantage or disadvantage.
KeyCorp was slightly more bullish in its assessment of Bentley Systems. They increased their price target from $53.00 to $61.00, indicating their belief in potential growth opportunities for the company within its sector.
Lastly, Piper Sandler reaffirmed an “overweight” rating on Bentley Systems’ stock and set a price objective of $60.00 per share. This suggests that Piper Sandler expects Bentley Systems to outperform other companies in its industry and recommends investors consider increasing exposure to its shares.
In addition to these analyst reports, Bentley Systems recently announced a quarterly dividend payment which was paid on August 24th. Shareholders who were registered as of August 15th received a dividend of $0.05 per share. This represents an annualized dividend yield of 0.41%, further highlighting the value that Bentley Systems aims to provide to its investors.
It is important to note that Bentley Systems has a payout ratio of 40.82%, indicating that it distributes around 40% of its profits to shareholders in the form of dividends. This can be seen as a commitment by the company to return value to its stakeholders and reflects its confidence in maintaining a sustainable financial position.
Overall, with positive analyst reviews and a commitment to shareholder returns, Bentley Systems appears poised for continued growth and success in the infrastructure engineering software market. Investors may find these assessments valuable when making investment decisions regarding the company’s stock.
Please note that all information provided in this article is based on publicly available data as of September 20, 2023.