Bentley Systems (NASDAQ:BSY) Reaches New 1-Year Low - Should You Sell?

Bentley Systems, Incorporated (NASDAQ:BSY - Get Free Report)'s stock price hit a new 52-week low on Friday . The stock traded as low as $39.91 and last traded at $40.08, with a volume of 236786 shares changing hands. The stock had previously closed at $40.36.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Piper Sandler dropped their price target on Bentley Systems from $65.00 to $57.00 and set an "overweight" rating on the stock in a research report on Wednesday, January 8th. UBS Group started coverage on shares of Bentley Systems in a research report on Monday. They set a "neutral" rating and a $48.00 target price on the stock. Rosenblatt Securities reiterated a "buy" rating and set a $62.00 target price on shares of Bentley Systems in a research note on Tuesday, February 25th. Oppenheimer lowered shares of Bentley Systems from an "outperform" rating to a "market perform" rating in a research report on Thursday, February 27th. Finally, 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, February 27th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, Bentley Systems presently has a consensus rating of "Hold" and an average price target of $55.13.

Bentley Systems Trading Up 2.9 %

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 business's 50 day simple moving average is $44.34 and its 200 day simple moving average is $47.09. The stock has a market cap of $11.81 billion, a P/E ratio of 36.48, a PEG ratio of 3.52 and a beta of 1.04.

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Bentley Systems Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Wednesday, March 19th were paid a dividend of $0.07 per share. This is a positive change from Bentley Systems's previous quarterly dividend of $0.06. This represents a $0.28 annualized dividend and a yield of 0.69%. The ex-dividend date was Wednesday, March 19th. Bentley Systems's dividend payout ratio is currently 38.36%.

Insider Buying and Selling at Bentley Systems

In other 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 sale, the director now 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 21.12% of the company's stock.

Institutional Investors Weigh In On Bentley Systems

Large investors have recently bought and sold shares of the business. Captrust Financial Advisors boosted its stake in Bentley Systems by 4.4% in the third quarter. Captrust Financial Advisors now owns 22,980 shares of the company's stock worth $1,168,000 after purchasing an additional 971 shares in the last quarter. Point72 Hong Kong Ltd bought a new position in shares of Bentley Systems in the third quarter valued at about $30,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Bentley Systems in the third quarter valued at about $369,000. Clearline Capital LP grew its holdings in Bentley Systems by 4.2% during the 3rd quarter. Clearline Capital LP now owns 147,700 shares of the company's stock worth $7,505,000 after acquiring an additional 5,912 shares during the last quarter. Finally, Holocene Advisors LP grew its holdings in Bentley Systems by 356.1% during the 3rd quarter. Holocene Advisors LP now owns 126,766 shares of the company's stock worth $6,441,000 after acquiring an additional 98,971 shares during the last quarter. 44.16% of the stock is currently owned by institutional investors.

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.