Bentley Systems, Incorporated (NASDAQ:BSY) Director Keith A. Bentley Sells 1,152 Shares

Bentley Systems, Incorporated (NASDAQ:BSY) Director Keith A. Bentley sold 1,152 shares of the stock in a transaction that occurred on Friday, January 24th. The stock was sold at an average price of $46.33, for a total value of $53,372.16. Following the completion of the transaction, the director now owns 16,703,876 shares of the company’s stock, valued at $773,890,575.08. The trade was a 0.01 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Bentley Systems Trading Down 1.4 %

NASDAQ:BSY traded down $0.66 on Tuesday, reaching $46.58. 1,393,213 shares of the company’s stock were exchanged, compared to its average volume of 1,229,318. The business has a fifty day moving average of $47.56 and a 200-day moving average of $48.66. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 1.37. Bentley Systems, Incorporated has a 52-week low of $43.82 and a 52-week high of $57.19. The firm has a market capitalization of $13.54 billion, a price-to-earnings ratio of 41.96, a price-to-earnings-growth ratio of 3.48 and a beta of 1.04.

Bentley Systems (NASDAQ:BSY) last released its earnings results on Thursday, November 7th. The company reported $0.24 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.24. The company had revenue of $335.17 million for the quarter, compared to analyst estimates of $340.36 million. Bentley Systems had a net margin of 27.73% and a return on equity of 29.50%. The firm’s quarterly revenue was up 9.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.18 EPS. As a group, analysts expect that Bentley Systems, Incorporated will post 0.88 earnings per share for the current year.

Bentley Systems Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Tuesday, December 3rd were issued a $0.06 dividend. The ex-dividend date was Tuesday, December 3rd. This represents a $0.24 dividend on an annualized basis and a yield of 0.52%. Bentley Systems’s dividend payout ratio (DPR) is presently 21.62%.

Institutional Investors Weigh In On Bentley Systems

Several large investors have recently bought and sold shares of BSY. Point72 Hong Kong Ltd purchased a new position in shares of Bentley Systems in the 3rd quarter valued at about $30,000. Central Pacific Bank Trust Division raised its holdings in Bentley Systems by 57.1% in the third quarter. Central Pacific Bank Trust Division now owns 759 shares of the company’s stock valued at $39,000 after acquiring an additional 276 shares in the last quarter. Tobam purchased a new position in Bentley Systems in the fourth quarter worth approximately $55,000. Livforsakringsbolaget Skandia Omsesidigt grew its holdings in Bentley Systems by 500.0% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,200 shares of the company’s stock worth $61,000 after acquiring an additional 1,000 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. increased its position in shares of Bentley Systems by 71.8% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 2,105 shares of the company’s stock valued at $107,000 after purchasing an additional 880 shares during the last quarter. Hedge funds and other institutional investors own 44.16% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Rosenblatt Securities reiterated a “buy” rating and set a $62.00 price target on shares of Bentley Systems in a report on Friday, November 8th. Piper Sandler lowered their target price on shares of Bentley Systems from $65.00 to $57.00 and set an “overweight” rating for the company in a research note on Wednesday, January 8th. Finally, JPMorgan Chase & Co. began coverage on shares of Bentley Systems in a research note on Monday, December 9th. They issued a “neutral” rating and a $52.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $57.29.

Bentley Systems 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 engineering applications, such as MicroStation, OpenBridge, OpenBuildings, OpenCities, OpenComms, OpenFlows, OpenPlant, OpenRail, OpenRoads, OpenSite, OpenTower, OpenTunnel, OpenUtilities, and OpenWindowPower; and open simulation engineering applications, including ADINA, AutoPIPE, CUBE, DYNAMEQ, EMME, LEGION, Power Line Systems, RAM, SACS, SPIDA, and STAAD; and geoprofessional applications for modeling and simulation of near and deep subsurface conditions, including AGS, Central, GeoStudio, Imago, Leapfrog, MX Deposit, Oasis montaj, OpenGround, and PLAXIS.