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

Bentley Systems, Incorporated (NASDAQ:BSY - Get Free Report) Director Keith A. Bentley sold 1,152 shares of the company's stock in a transaction on Friday, January 24th. The stock was sold at an average price of $46.33, for a total transaction of $53,372.16. Following the sale, the director now directly 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Bentley Systems Stock Up 1.4 %

Shares of BSY traded up $0.63 during midday trading on Friday, reaching $46.55. The stock had a trading volume of 1,825,769 shares, compared to its average volume of 1,085,130. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.52 and a quick ratio of 0.52. The company's fifty day simple moving average is $47.46 and its two-hundred day simple moving average is $48.58. The company has a market cap of $13.53 billion, a price-to-earnings ratio of 41.94, a PEG ratio of 3.41 and a beta of 1.04. Bentley Systems, Incorporated has a 1-year low of $43.82 and a 1-year high of $57.19.

Bentley Systems (NASDAQ:BSY - Get Free Report) last announced its quarterly 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. Bentley Systems had a return on equity of 29.50% and a net margin of 27.73%. The company had revenue of $335.17 million during the quarter, compared to the consensus estimate of $340.36 million. During the same period in the previous year, the business earned $0.18 EPS. Bentley Systems's revenue for the quarter was up 9.3% on a year-over-year basis. Equities research 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 disclosed a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Tuesday, December 3rd were issued a dividend of $0.06 per share. The ex-dividend date of this dividend was Tuesday, December 3rd. This represents a $0.24 dividend on an annualized basis and a yield of 0.52%. Bentley Systems's payout ratio is currently 21.62%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Piper Sandler decreased their target price on shares of Bentley Systems from $65.00 to $57.00 and set an "overweight" rating on the stock in a research note on Wednesday, January 8th. JPMorgan Chase & Co. assumed coverage on Bentley Systems in a research report on Monday, December 9th. They set a "neutral" rating and a $52.00 price objective on the stock. Finally, Rosenblatt Securities reissued a "buy" rating and set a $62.00 price objective on shares of Bentley Systems in a research note on Friday, November 8th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, Bentley Systems has an average rating of "Moderate Buy" and an average price target of $57.29.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of BSY. Clear Harbor Asset Management LLC lifted its stake in Bentley Systems by 1.5% in the third quarter. Clear Harbor Asset Management LLC now owns 15,335 shares of the company's stock valued at $779,000 after buying an additional 220 shares during the last quarter. Magnolia Capital Advisors LLC increased its holdings in shares of Bentley Systems by 5.4% in the 2nd quarter. Magnolia Capital Advisors LLC now owns 4,895 shares of the company's stock valued at $242,000 after acquiring an additional 249 shares during the period. Central Pacific Bank Trust Division raised its position in Bentley Systems by 57.1% in the 3rd quarter. Central Pacific Bank Trust Division now owns 759 shares of the company's stock valued at $39,000 after purchasing an additional 276 shares during the last quarter. Cetera Investment Advisers boosted its stake in Bentley Systems by 1.1% during the 2nd quarter. Cetera Investment Advisers now owns 31,449 shares of the company's stock worth $1,552,000 after purchasing an additional 352 shares during the period. Finally, CIBC Asset Management Inc increased its stake in Bentley Systems by 4.3% in the third quarter. CIBC Asset Management Inc now owns 9,203 shares of the company's stock valued at $468,000 after purchasing an additional 378 shares during the period. Institutional investors and hedge funds own 44.16% of the company's stock.

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.