Bentley Systems (NASDAQ:BSY) CFO Sells 10,000 Shares of Company Stock

Bentley Systems, Incorporated (NASDAQ:BSY) CFO Werner Andre sold 10,000 shares of the firm’s stock in a transaction on Friday, November 6th. The stock was sold at an average price of $45.00, for a total value of $450,000.00. Following the completion of the sale, the chief financial officer directly owned 367,843 shares of the company’s stock, valued at $16,552,935. This trade represents a 2.65% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Bentley Systems Trading Down 0.4%

Shares of NASDAQ BSY traded down $0.16 during trading on Tuesday, hitting $45.24. 2,803,362 shares of the company were exchanged, compared to its average volume of 2,896,126. The company has a fifty day moving average price of $35.77 and a 200-day moving average price of $34.55. 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 market capitalization of $13.15 billion, a PE ratio of 44.35, a P/E/G ratio of 2.72 and a beta of 0.98. Bentley Systems, Incorporated has a 12-month low of $28.08 and a 12-month high of $48.17.

Bentley Systems (NASDAQ:BSY) last announced its quarterly earnings data on Thursday, November 5th. The company reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.03. Bentley Systems had a net margin of 18.10% and a return on equity of 28.43%. The firm had revenue of $421.51 million during the quarter, compared to analyst estimates of $420.69 million. During the same quarter in the prior year, the firm posted $0.27 earnings per share. Bentley Systems’s quarterly revenue was up 12.2% on a year-over-year basis. As a group, equities research analysts expect that Bentley Systems, Incorporated will post 1.20 EPS for the current year.

Bentley Systems Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 22nd were issued a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 0.6%. The ex-dividend date was Tuesday, September 22nd. Bentley Systems’s payout ratio is presently 27.45%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on BSY shares. BMO Capital Markets raised their price target on shares of Bentley Systems from $41.00 to $43.00 and gave the stock an “outperform” rating in a report on Friday, August 7th. Piper Sandler reiterated an “overweight” rating and issued a $45.00 price objective on shares of Bentley Systems in a report on Friday, August 7th. Rosenblatt Securities increased their price objective on Bentley Systems from $50.00 to $53.00 and gave the stock a “buy” rating in a research report on Friday. Weiss Ratings upgraded Bentley Systems from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, October 19th. Finally, Cantor Fitzgerald raised their target price on Bentley Systems from $42.00 to $55.00 and gave the stock an “overweight” rating in a research note on Friday. Nine investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $46.67.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. CX Institutional boosted its stake in Bentley Systems by 898.9% during the second quarter. CX Institutional now owns 939 shares of the company’s stock worth $28,000 after buying an additional 845 shares during the period. Harbor Investment Advisory LLC purchased a new stake in shares of Bentley Systems in the 2nd quarter valued at approximately $30,000. Parallel Advisors LLC raised its stake in shares of Bentley Systems by 49.5% in the 1st quarter. Parallel Advisors LLC now owns 2,445 shares of the company’s stock valued at $86,000 after acquiring an additional 810 shares during the period. GAMMA Investing LLC lifted its holdings in shares of Bentley Systems by 8.8% in the 3rd quarter. GAMMA Investing LLC now owns 4,528 shares of the company’s stock worth $145,000 after acquiring an additional 366 shares during the last quarter. Finally, Nykredit A S acquired a new position in shares of Bentley Systems in the 2nd quarter worth approximately $167,000. Institutional investors and hedge funds own 44.16% of the company’s stock.

About Bentley Systems

Bentley Systems develops software for professionals who design, build, and operate infrastructure. Its customers include engineering firms, architects, construction companies, and infrastructure owners and operators working on projects such as roads, railways, buildings, utilities, and industrial facilities. The company’s products support computer-aided design, project collaboration, infrastructure asset management, and digital twin development. Its software portfolio includes MicroStation for design and modeling, ProjectWise for project information management, and the iTwin platform for creating and working with digital representations of infrastructure assets.