Bentley Systems (NASDAQ:BSY) Stock: Insider Raymond Bentley Sells 16,662 Shares

Bentley Systems, Incorporated (NASDAQ:BSY) Director Raymond Bentley sold 16,662 shares of the stock in a transaction dated Friday, October 23rd. The shares were sold at an average price of $40.00, for a total transaction of $666,480.00. Following the transaction, the director directly owned 14,799,742 shares of the company’s stock, valued at $591,989,680. This trade represents a 0.11% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Bentley Systems Trading Down 1.3%

BSY stock traded down $0.52 during mid-day trading on Tuesday, reaching $39.32. 1,745,062 shares of the stock traded hands, compared to its average volume of 2,835,620. 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 business has a 50-day moving average price of $34.63 and a two-hundred day moving average price of $34.40. Bentley Systems, Incorporated has a one year low of $28.08 and a one year high of $52.24. The stock has a market capitalization of $11.43 billion, a PE ratio of 43.21, a PEG ratio of 2.48 and a beta of 0.99.

Bentley Systems (NASDAQ:BSY) last posted its quarterly earnings results on Thursday, August 6th. The company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.03. The firm had revenue of $410.73 million during the quarter, compared to the consensus estimate of $412.12 million. Bentley Systems had a net margin of 18.10% and a return on equity of 28.43%. The company’s revenue was up 12.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.32 earnings per share. Equities research analysts expect that Bentley Systems, Incorporated will post 1.21 EPS for the current year.

Bentley Systems Dividend Announcement

The firm also recently declared 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 0.7%. The ex-dividend date of this dividend was Tuesday, September 22nd. Bentley Systems’s dividend payout ratio is presently 30.77%.

Analyst Upgrades and Downgrades

BSY has been the subject of a number of research analyst reports. Rosenblatt Securities restated a “buy” rating and set a $50.00 price objective on shares of Bentley Systems in a research report on Tuesday. Cantor Fitzgerald raised their price target on shares of Bentley Systems from $37.00 to $42.00 and gave the stock an “overweight” rating in a report on Friday, October 16th. Piper Sandler reaffirmed an “overweight” rating and issued a $45.00 target price on shares of Bentley Systems in a research report on Friday, August 7th. Weiss Ratings upgraded shares of Bentley Systems from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, October 19th. Finally, BMO Capital Markets boosted 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. Ten analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $44.77.

Institutional Trading of Bentley Systems

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Yousif Capital Management LLC boosted its holdings in Bentley Systems by 0.7% in the third quarter. Yousif Capital Management LLC now owns 41,229 shares of the company’s stock worth $1,317,000 after acquiring an additional 298 shares in the last quarter. Diversify Advisory Services LLC increased its holdings in shares of Bentley Systems by 1.6% during the third quarter. Diversify Advisory Services LLC now owns 20,930 shares of the company’s stock valued at $669,000 after acquiring an additional 327 shares in the last quarter. Physician Wealth Advisors Inc. increased its holdings in shares of Bentley Systems by 80.2% during the first quarter. Physician Wealth Advisors Inc. now owns 791 shares of the company’s stock valued at $28,000 after acquiring an additional 352 shares in the last quarter. GAMMA Investing LLC raised its position 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 valued at $145,000 after purchasing an additional 366 shares during the last quarter. Finally, Liontrust Investment Partners LLP raised its position in shares of Bentley Systems by 7.4% in the 1st quarter. Liontrust Investment Partners LLP now owns 7,349 shares of the company’s stock valued at $258,000 after purchasing an additional 505 shares during the last quarter. 44.16% of the stock is currently owned by hedge funds and other institutional investors.

About Bentley Systems

Bentley Systems, Incorporated is a software company that develops solutions for the design, construction, and operation of infrastructure. Its customers include engineers, architects, geospatial professionals, construction firms, and infrastructure owner-operators in sectors such as transportation, water, utilities, industrial facilities, and buildings.

The company’s product portfolio includes MicroStation for infrastructure design, ProjectWise for project collaboration, AssetWise for asset performance and operations, and SYNCHRO for construction management.