Bentley Systems, Incorporated (BSY) To Go Ex-Dividend on September 22nd

Bentley Systems, Incorporated (NASDAQ:BSY) declared a quarterly dividend on Friday, September 4th. Investors of record on Tuesday, September 22nd will be given a dividend of 0.07 per share on Tuesday, September 29th. This represents a c) dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Tuesday, September 22nd.

Bentley Systems has increased its dividend payment by an average of 0.6%per year over the last three years and has raised its dividend annually for the last 3 consecutive years. Bentley Systems has a payout ratio of 21.1% meaning its dividend is sufficiently covered by earnings. Research analysts expect Bentley Systems to earn $1.37 per share next year, which means the company should continue to be able to cover its $0.28 annual dividend with an expected future payout ratio of 20.4%.

Bentley Systems Stock Up 3.7%

Bentley Systems stock opened at $32.58 on Friday. Bentley Systems has a fifty-two week low of $28.08 and a fifty-two week high of $57.25. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.59 and a current ratio of 0.59. The firm has a 50 day moving average price of $34.24 and a 200 day moving average price of $33.87. The company has a market capitalization of $9.47 billion, a PE ratio of 35.80, a price-to-earnings-growth ratio of 2.05 and a beta of 0.98.

Bentley Systems (NASDAQ:BSY) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.03. The company had revenue of $410.73 million for the quarter, compared to analysts’ expectations of $412.12 million. Bentley Systems had a return on equity of 28.43% and a net margin of 18.10%.The firm’s revenue was up 12.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.32 earnings per share. Research analysts expect that Bentley Systems will post 1.2 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of BSY. Physician Wealth Advisors Inc. increased its holdings in shares of Bentley Systems by 80.2% in the first quarter. Physician Wealth Advisors Inc. now owns 791 shares of the company’s stock valued at $28,000 after purchasing an additional 352 shares during the period. CX Institutional increased its stake in Bentley Systems by 898.9% in the 2nd quarter. CX Institutional now owns 939 shares of the company’s stock valued at $28,000 after purchasing an additional 845 shares in the last quarter. Harbor Investment Advisory LLC purchased a new position in shares of Bentley Systems in the second quarter valued at $30,000. National Pension Service increased its holdings in Bentley Systems by 63.0% during the 4th quarter. National Pension Service now owns 880 shares of the company’s stock valued at $34,000 after acquiring an additional 340 shares in the last quarter. Finally, Summit Securities Group LLC purchased a new position in shares of Bentley Systems during the 1st quarter worth approximately $34,000. 44.16% of the stock is currently owned by institutional investors and hedge funds.

About Bentley Systems

Bentley Systems, Incorporated develops software for professionals and organizations involved in the planning, design, construction and operation of infrastructure. Its solutions support sectors including transportation, water and wastewater, utilities, buildings, industrial facilities, mining and other public and private infrastructure markets.

The company’s product portfolio includes MicroStation for infrastructure design and modeling; ProjectWise for project collaboration and information management; AssetWise for asset performance and operations; OpenRoads and OpenBuildings for specialized design workflows; SYNCHRO for construction management; and the iTwin platform for creating and using digital twins of infrastructure assets.

Founded in 1984 by brothers Keith, Barry and Raymond Bentley, Bentley Systems is headquartered in Exton, Pennsylvania, and serves customers globally.