UBS Group Issues Pessimistic Forecast for Bentley Systems (NASDAQ:BSY) Stock Price
by Renee Jackson · The Cerbat GemBentley Systems (NASDAQ:BSY – Get Free Report) had its price target lowered by stock analysts at UBS Group from $43.00 to $40.00 in a note issued to investors on Monday,Benzinga reports. The firm presently has a “neutral” rating on the stock. UBS Group’s target price indicates a potential upside of 19.05% from the company’s current price.
Other equities analysts have also issued research reports about the stock. Weiss Ratings lowered shares of Bentley Systems from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, April 15th. Piper Sandler decreased their price target on shares of Bentley Systems from $45.00 to $42.00 and set a “neutral” rating on the stock in a research note on Monday, March 2nd. Zacks Research upgraded shares of Bentley Systems from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 22nd. Robert W. Baird set a $55.00 price objective on shares of Bentley Systems in a research report on Wednesday, January 7th. Finally, Mizuho decreased their price objective on shares of Bentley Systems from $62.00 to $50.00 and set an “outperform” rating for the company in a report on Friday, February 27th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $48.50.
View Our Latest Research Report on BSY
Bentley Systems Stock Up 0.1%
Shares of BSY stock traded up $0.04 during trading hours on Monday, hitting $33.60. 1,967,390 shares of the company’s stock traded hands, compared to its average volume of 2,861,995. The stock’s fifty day simple moving average is $35.57 and its two-hundred day simple moving average is $39.22. Bentley Systems has a 12-month low of $30.83 and a 12-month high of $59.25. The stock has a market cap of $9.80 billion, a price-to-earnings ratio of 39.07, a PEG ratio of 2.25 and a beta of 1.01. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 1.05.
Bentley Systems (NASDAQ:BSY – Get Free Report) last released its quarterly earnings data on Thursday, February 26th. The company reported $0.27 EPS for the quarter, hitting the consensus estimate of $0.27. Bentley Systems had a return on equity of 28.82% and a net margin of 18.50%.The company had revenue of $391.58 million during the quarter, compared to the consensus estimate of $381.79 million. During the same period last year, the company earned $0.21 EPS. Bentley Systems’s revenue for the quarter was up 11.9% on a year-over-year basis. On average, analysts expect that Bentley Systems will post 1.23 EPS for the current year.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in BSY. AGF Management Ltd. grew its holdings in Bentley Systems by 64.2% in the 3rd quarter. AGF Management Ltd. now owns 180,633 shares of the company’s stock valued at $9,299,000 after buying an additional 70,650 shares in the last quarter. Manning & Napier Advisors LLC purchased a new stake in shares of Bentley Systems in the 3rd quarter valued at $122,028,000. Rakuten Investment Management Inc. acquired a new position in Bentley Systems during the 3rd quarter worth $4,305,000. Baillie Gifford & Co. grew its stake in Bentley Systems by 54,633.0% during the 4th quarter. Baillie Gifford & Co. now owns 298,295 shares of the company’s stock worth $11,384,000 after purchasing an additional 297,750 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its stake in Bentley Systems by 5.7% during the 3rd quarter. Envestnet Asset Management Inc. now owns 954,867 shares of the company’s stock worth $49,157,000 after purchasing an additional 51,883 shares in the last quarter. 44.16% of the stock is owned by institutional investors and hedge funds.
Bentley Systems Company Profile
Bentley Systems, Inc is a global software provider specializing in infrastructure engineering applications for the design, construction, and operations of roads, bridges, rail and transit systems, water and wastewater networks, power plants and grids, industrial facilities, and communications infrastructure. Founded in 1984 by brothers Keith and Barry Bentley, the company is headquartered in Exton, Pennsylvania, and maintains offices and development centers across North America, Europe, Asia, and Australia.