Bentley Systems (NASDAQ:BSY) CAO Thomas Trimback Sells 560 Shares

Bentley Systems, Incorporated (NASDAQ:BSY) CAO Thomas Trimback sold 560 shares of the stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $43.02, for a total transaction of $24,091.20. Following the completion of the transaction, the chief accounting officer directly owned 13,806 shares of the company’s stock, valued at approximately $593,934.12. The trade was a 3.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Bentley Systems Stock Down 0.6%

Bentley Systems stock traded down $0.25 during trading hours on Thursday, hitting $40.27. 267,022 shares of the stock traded hands, compared to its average volume of 1,708,619. Bentley Systems, Incorporated has a one year low of $36.51 and a one year high of $59.25. The firm’s 50-day moving average price is $50.29 and its two-hundred day moving average price is $51.73. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 1.04. The company has a market cap of $11.76 billion, a PE ratio of 48.11, a PEG ratio of 3.25 and a beta of 1.12.

Bentley Systems (NASDAQ:BSY) last released its earnings results on Wednesday, November 5th. The company reported $0.27 EPS for the quarter, meeting analysts’ consensus estimates of $0.27. Bentley Systems had a return on equity of 28.16% and a net margin of 18.45%.The company had revenue of $375.55 million during the quarter, compared to analysts’ expectations of $369.57 million. During the same quarter last year, the business posted $0.24 EPS. The firm’s revenue for the quarter was up 12.0% compared to the same quarter last year. On average, research analysts forecast that Bentley Systems, Incorporated will post 0.88 EPS for the current year.

Bentley Systems Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 23rd were issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date was Tuesday, September 23rd. Bentley Systems’s payout ratio is 33.33%.

Institutional Trading of Bentley Systems

A number of institutional investors and hedge funds have recently modified their holdings of BSY. Geneos Wealth Management Inc. raised its position in Bentley Systems by 1,529.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 668 shares of the company’s stock worth $26,000 after buying an additional 627 shares during the last quarter. Baillie Gifford & Co. bought a new stake in shares of Bentley Systems in the third quarter worth approximately $28,000. National Pension Service bought a new stake in shares of Bentley Systems in the third quarter worth approximately $28,000. Twin Tree Management LP raised its holdings in shares of Bentley Systems by 361.9% during the first quarter. Twin Tree Management LP now owns 739 shares of the company’s stock valued at $29,000 after purchasing an additional 579 shares during the last quarter. Finally, Larson Financial Group LLC lifted its position in Bentley Systems by 1,707.1% during the first quarter. Larson Financial Group LLC now owns 759 shares of the company’s stock valued at $30,000 after purchasing an additional 717 shares during the period. Institutional investors own 44.16% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on BSY. The Goldman Sachs Group increased their price target on shares of Bentley Systems from $42.00 to $47.00 and gave the stock a “sell” rating in a research note on Thursday, August 7th. Barclays initiated coverage on shares of Bentley Systems in a report on Tuesday, October 7th. They issued an “equal weight” rating and a $57.00 price objective on the stock. Robert W. Baird lowered their target price on shares of Bentley Systems from $64.00 to $62.00 and set an “outperform” rating for the company in a report on Thursday, November 6th. Rosenblatt Securities restated a “buy” rating and issued a $58.00 price target on shares of Bentley Systems in a research note on Thursday, November 6th. Finally, Piper Sandler lowered their price objective on Bentley Systems from $63.00 to $60.00 and set an “overweight” rating for the company in a research note on Thursday, November 6th. Seven research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $56.73.

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.