Bentley Systems, Incorporated (NASDAQ:BSY - Get Free Report) saw an uptick in trading volume on Friday . 1,851,784 shares were traded during mid-day trading, an increase of 89% from the previous session's volume of 981,386 shares.The stock last traded at $45.45 and had previously closed at $45.98.
Wall Street Analyst Weigh In
Several equities analysts recently weighed in on BSY shares. JPMorgan Chase & Co. started coverage on Bentley Systems in a research report on Monday, December 9th. They set a "neutral" rating and a $52.00 target price on the stock. Rosenblatt Securities reaffirmed a "buy" rating and set a $62.00 price objective on shares of Bentley Systems in a research note on Friday, November 8th. Finally, 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 report on Wednesday, January 8th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $57.29.
Check Out Our Latest Analysis on BSY
Bentley Systems Trading Down 1.2 %
The company has a market capitalization of $13.21 billion, a PE ratio of 40.86, a P/E/G ratio of 3.43 and a beta of 1.04. 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 business has a fifty day moving average price of $47.83 and a 200 day moving average price of $48.81.
Bentley Systems (NASDAQ:BSY - Get Free Report) last posted its quarterly earnings results on Thursday, November 7th. The company reported $0.24 EPS for the quarter, meeting the consensus estimate of $0.24. The firm had revenue of $335.17 million for the quarter, compared to analyst estimates of $340.36 million. Bentley Systems had a net margin of 27.73% and a return on equity of 29.50%. Bentley Systems's revenue for the quarter was up 9.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.18 earnings per share. Analysts expect that Bentley Systems, Incorporated will post 0.88 EPS for the current fiscal year.
Bentley Systems Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Tuesday, December 3rd were issued 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 0.53%. Bentley Systems's payout ratio is 21.62%.
Insider Buying and Selling
In other news, 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 transaction of $3,246,971.91. Following the transaction, the director now directly owns 16,705,028 shares of the company's stock, valued at approximately $779,623,656.76. The trade was a 0.41 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Barry J. Bentley sold 50,000 shares of the firm's stock in a transaction on Monday, October 28th. The shares were sold at an average price of $48.95, for a total transaction of $2,447,500.00. Following the sale, the director now directly owns 12,048,235 shares of the company's stock, valued at approximately $589,761,103.25. The trade was a 0.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 169,573 shares of company stock valued at $8,166,472. Company insiders own 21.12% of the company's stock.
Hedge Funds Weigh In On Bentley Systems
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. SG Americas Securities LLC boosted its holdings in Bentley Systems by 147.2% in the fourth quarter. SG Americas Securities LLC now owns 69,904 shares of the company's stock valued at $3,265,000 after purchasing an additional 41,625 shares during the last quarter. Clear Harbor Asset Management LLC raised its position in shares of Bentley Systems by 160.8% in the 4th quarter. Clear Harbor Asset Management LLC now owns 39,991 shares of the company's stock valued at $1,868,000 after purchasing an additional 24,656 shares in the last quarter. Diversify Wealth Management LLC boosted its stake in shares of Bentley Systems by 13.5% during the 4th quarter. Diversify Wealth Management LLC now owns 22,920 shares of the company's stock valued at $1,051,000 after buying an additional 2,728 shares during the last quarter. Trium Capital LLP acquired a new stake in shares of Bentley Systems during the fourth quarter worth approximately $334,000. Finally, Avanza Fonder AB acquired a new stake in shares of Bentley Systems during the fourth quarter worth approximately $376,000. 44.16% of the stock is owned by hedge funds and other institutional investors.
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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