Bentley Systems, Incorporated (NASDAQ:BSY - Get Free Report)'s stock price hit a new 52-week low during trading on Wednesday . The stock traded as low as $41.96 and last traded at $42.22, with a volume of 1703843 shares trading hands. The stock had previously closed at $42.83.
Analyst Upgrades and Downgrades
BSY has been the subject of several research analyst reports. Piper Sandler lowered their price objective on shares of Bentley Systems from $65.00 to $57.00 and set an "overweight" rating for the company in a report on Wednesday, January 8th. The Goldman Sachs Group downgraded Bentley Systems from a "neutral" rating to a "sell" rating and decreased their price objective for the stock from $51.00 to $42.00 in a research note on Friday, February 28th. Oppenheimer cut shares of Bentley Systems from an "outperform" rating to a "market perform" rating in a research report on Thursday, February 27th. Rosenblatt Securities reiterated a "buy" rating and set a $62.00 price objective on shares of Bentley Systems in a research report on Tuesday, February 25th. Finally, Robert W. Baird cut their price target on shares of Bentley Systems from $60.00 to $59.00 and set an "outperform" rating on the stock in a report on Thursday, February 27th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $56.14.
Check Out Our Latest Stock Report on Bentley Systems
Bentley Systems Trading Up 0.0 %
The company's fifty day moving average is $45.96 and its 200-day moving average is $48.04. 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 has a market capitalization of $12.54 billion, a PE ratio of 38.76, a price-to-earnings-growth ratio of 3.52 and a beta of 1.04.
Bentley Systems Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Wednesday, March 19th will be given a dividend of $0.07 per share. This is a boost from Bentley Systems's previous quarterly dividend of $0.06. The ex-dividend date of this dividend is Wednesday, March 19th. This represents a $0.28 dividend on an annualized basis and a yield of 0.65%. Bentley Systems's dividend payout ratio is presently 38.36%.
Insider Buying and Selling
In other Bentley Systems news, Director Keith A. Bentley sold 1,152 shares of the firm'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 transaction, the director now directly owns 16,703,876 shares of the company's stock, valued at approximately $773,890,575.08. This trade represents a 0.01 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 21.12% of the stock is owned by company insiders.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Point72 Hong Kong Ltd purchased a new stake in shares of Bentley Systems during the 3rd quarter worth about $30,000. Private Trust Co. NA boosted its holdings in Bentley Systems by 61.1% in the 4th quarter. Private Trust Co. NA now owns 997 shares of the company's stock valued at $47,000 after purchasing an additional 378 shares during the last quarter. Tobam acquired a new stake in Bentley Systems during the fourth quarter worth $55,000. Atala Financial Inc purchased a new stake in Bentley Systems in the fourth quarter valued at approximately $55,000. Finally, Ameriflex Group Inc. acquired a new stake in shares of Bentley Systems during the fourth quarter worth about $75,000. 44.16% of the stock is currently owned by institutional investors and hedge funds.
About Bentley Systems
(
Get Free Report)
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.
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