Bentley Systems, Incorporated (NASDAQ:BSY) to Issue Quarterly Dividend of $0.07

Bentley Systems, Incorporated (NASDAQ:BSY - Get Free Report) declared a quarterly dividend on Thursday, February 20th, Wall Street Journal reports. Shareholders of record on Wednesday, March 19th will be paid a dividend of 0.07 per share on Thursday, March 27th. This represents a $0.28 dividend on an annualized basis and a yield of 0.65%. The ex-dividend date is Wednesday, March 19th. This is an increase from Bentley Systems's previous quarterly dividend of $0.06.

Bentley Systems has increased its dividend by an average of 26.0% annually over the last three years. Bentley Systems has a dividend payout ratio of 21.2% meaning its dividend is sufficiently covered by earnings. Research analysts expect Bentley Systems to earn $1.01 per share next year, which means the company should continue to be able to cover its $0.28 annual dividend with an expected future payout ratio of 27.7%.

Bentley Systems Price Performance

BSY traded down $1.07 during midday trading on Monday, reaching $42.83. 1,824,786 shares of the company's stock were exchanged, compared to its average volume of 1,273,922. 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 stock has a market capitalization of $12.49 billion, a PE ratio of 38.59, a P/E/G ratio of 3.52 and a beta of 1.03. The business's 50-day moving average price is $46.35 and its 200 day moving average price is $48.23. Bentley Systems has a 1-year low of $42.46 and a 1-year high of $57.19.

Insider Activity at Bentley Systems

In other Bentley Systems news, Director Keith A. Bentley sold 1,152 shares of the business's stock in a transaction that occurred on Friday, January 24th. The shares were sold at an average price of $46.33, for a total transaction of $53,372.16. Following the completion of the sale, the director now directly owns 16,703,876 shares in the company, valued at $773,890,575.08. The trade was a 0.01 % 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. 21.12% of the stock is owned by insiders.

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Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. Oppenheimer lowered shares of Bentley Systems from an "outperform" rating to a "market perform" rating in a research report on Thursday. Robert W. Baird cut their price objective on shares of Bentley Systems from $60.00 to $59.00 and set an "outperform" rating for the company in a research report on Thursday. JPMorgan Chase & Co. assumed coverage on shares of Bentley Systems in a research report on Monday, December 9th. They issued a "neutral" rating and a $52.00 price objective for the company. Rosenblatt Securities reissued a "buy" rating and issued a $62.00 price objective on shares of Bentley Systems in a research report on Tuesday, February 25th. Finally, The Goldman Sachs Group lowered shares of Bentley Systems from a "neutral" rating to a "sell" rating and cut their price objective for the company from $51.00 to $42.00 in a research report on Friday. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $56.14.

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.