Bentley Systems, Incorporated (NASDAQ:BSY) Director Keith A. Bentley Sells 69,573 Shares of Stock

Bentley Systems, Incorporated (NASDAQ:BSY - Get Free Report) Director Keith A. Bentley sold 69,573 shares of the business's stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $46.67, for a total value of $3,246,971.91. Following the completion of the sale, the director now owns 16,705,028 shares in the company, valued at $779,623,656.76. This represents a 0.41 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Bentley Systems Stock Down 0.4 %

Shares of NASDAQ:BSY traded down $0.20 on Monday, hitting $46.87. 635,574 shares of the company's stock were exchanged, compared to its average volume of 742,658. The firm's 50-day moving average is $48.34 and its 200 day moving average is $49.01. The company has a market capitalization of $13.63 billion, a PE ratio of 42.23, a P/E/G ratio of 4.04 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. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.52 and a current ratio of 0.52.

Bentley Systems (NASDAQ:BSY - Get Free Report) last released its quarterly earnings data on Thursday, November 7th. The company reported $0.24 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.24. The business had revenue of $335.17 million during the quarter, compared to analysts' expectations of $340.36 million. Bentley Systems had a return on equity of 29.50% and a net margin of 27.73%. The business's quarterly revenue was up 9.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.18 EPS. Sell-side analysts predict that Bentley Systems, Incorporated will post 0.88 EPS for the current year.

Bentley Systems Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Tuesday, December 3rd were given a dividend of $0.06 per share. The ex-dividend date was Tuesday, December 3rd. This represents a $0.24 annualized dividend and a dividend yield of 0.51%. Bentley Systems's dividend payout ratio is currently 21.62%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Piper Sandler boosted their price objective on Bentley Systems from $63.00 to $65.00 and gave the company an "overweight" rating in a report on Friday, November 8th. JPMorgan Chase & Co. began coverage on Bentley Systems in a report on Monday, December 9th. They set a "neutral" rating and a $52.00 price target on the stock. Finally, Rosenblatt Securities restated a "buy" rating and set a $62.00 price target on shares of Bentley Systems in a report on Friday, November 8th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $58.43.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Allspring Global Investments Holdings LLC boosted its position in shares of Bentley Systems by 4,618.2% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 519 shares of the company's stock valued at $26,000 after purchasing an additional 508 shares during the period. Point72 Hong Kong Ltd acquired a new stake in shares of Bentley Systems in the 3rd quarter valued at about $30,000. Central Pacific Bank Trust Division boosted its position in shares of 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 period. Acadian Asset Management LLC acquired a new stake in shares of Bentley Systems in the 2nd quarter valued at about $43,000. Finally, Andra AP fonden acquired a new stake in shares of Bentley Systems in the 2nd quarter valued at about $54,000. 44.16% of the stock is owned by institutional investors and hedge funds.

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.