Bentley Systems (NASDAQ:BSY - Get Free Report) announced its earnings results on Wednesday. The company reported $0.17 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.22 by ($0.05), Zacks reports. Bentley Systems had a return on equity of 29.50% and a net margin of 27.73%. The company had revenue of $349.82 million for the quarter, compared to analyst estimates of $349.99 million. Bentley Systems updated its FY 2025 guidance to EPS.
Bentley Systems Trading Down 0.3 %
NASDAQ:BSY traded down $0.14 during trading hours on Friday, hitting $43.90. The stock had a trading volume of 2,708,554 shares, compared to its average volume of 1,259,799. Bentley Systems has a one year low of $42.46 and a one 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. The company has a market cap of $12.80 billion, a price-to-earnings ratio of 39.55, a P/E/G ratio of 3.52 and a beta of 1.03. The business's 50 day moving average is $46.46 and its 200-day moving average is $48.29.
Bentley Systems Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Wednesday, March 19th will be paid a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 0.64%. The ex-dividend date is Wednesday, March 19th. This is an increase from Bentley Systems's previous quarterly dividend of $0.06. Bentley Systems's dividend payout ratio is presently 38.36%.
Insider Buying and Selling at Bentley Systems
In other news, Director Keith A. Bentley sold 69,573 shares of the stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $46.67, for a total transaction of $3,246,971.91. Following the completion of the sale, the director now owns 16,705,028 shares of the company's stock, valued at $779,623,656.76. This represents a 0.41 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 21.12% of the company's stock.
Analyst Ratings Changes
BSY has been the topic of a number of research reports. Robert W. Baird reduced their target price on shares of Bentley Systems from $60.00 to $59.00 and set an "outperform" rating on the stock in a research report on Thursday. Piper Sandler reduced 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 report on Wednesday, January 8th. Rosenblatt Securities reissued a "buy" rating and set a $62.00 price target on shares of Bentley Systems in a research note on Tuesday. The Goldman Sachs Group downgraded shares of Bentley Systems from a "neutral" rating to a "sell" rating and dropped their price target for the stock from $51.00 to $42.00 in a research note on Friday. Finally, JPMorgan Chase & Co. began coverage on shares of Bentley Systems in a research note on Monday, December 9th. They set a "neutral" rating and a $52.00 price target for the company. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat, Bentley Systems presently has a consensus rating of "Moderate Buy" and a consensus price target of $56.14.
View Our Latest Analysis on Bentley Systems
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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