Bentley Systems, Incorporated (NASDAQ:BSY) Director Sells $53,372.16 in Stock

Bentley Systems, Incorporated (NASDAQ:BSY) Director Keith A. Bentley sold 1,152 shares of Bentley Systems 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 transaction, the director now directly owns 16,703,876 shares in the company, valued at $773,890,575.08. This represents a 0.01 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Bentley Systems Price Performance

Bentley Systems stock opened at $45.92 on Friday. The company’s fifty day moving average price is $47.53 and its 200 day moving average price is $48.62. 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 stock has a market capitalization of $13.35 billion, a P/E ratio of 41.37, a P/E/G ratio of 3.48 and a beta of 1.04. Bentley Systems, Incorporated has a 1 year low of $43.82 and a 1 year high of $57.19.

Bentley Systems (NASDAQ:BSY) last posted its quarterly earnings results on Thursday, November 7th. The company reported $0.24 EPS for the quarter, hitting the consensus estimate of $0.24. The business had revenue of $335.17 million for the quarter, compared to analyst estimates of $340.36 million. Bentley Systems had a return on equity of 29.50% and a net margin of 27.73%. The company’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.18 EPS. As a group, equities research analysts anticipate that Bentley Systems, Incorporated will post 0.88 earnings per share for the current fiscal year.

Bentley Systems Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Tuesday, December 3rd were given a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.52%. The ex-dividend date was Tuesday, December 3rd. Bentley Systems’s dividend payout ratio is currently 21.62%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on BSY shares. JPMorgan Chase & Co. started coverage on shares of Bentley Systems in a research report on Monday, December 9th. They set a “neutral” rating and a $52.00 price objective on the stock. Piper Sandler dropped their target price on shares of Bentley Systems from $65.00 to $57.00 and set an “overweight” rating on the stock in a report on Wednesday, January 8th. Finally, Rosenblatt Securities reissued a “buy” rating and set a $62.00 price target on shares of Bentley Systems in a research report on Friday, November 8th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, Bentley Systems has an average rating of “Moderate Buy” and a consensus target price of $57.29.

Hedge Funds Weigh In On Bentley Systems

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Valmark Advisers Inc. acquired a new position in shares of Bentley Systems during the fourth quarter worth about $2,752,000. Fiera Capital Corp raised its stake in shares of Bentley Systems by 13.2% during the fourth quarter. Fiera Capital Corp now owns 953,246 shares of the company’s stock worth $44,517,000 after purchasing an additional 111,433 shares during the last quarter. Equitable Trust Co. purchased a new stake in shares of Bentley Systems during the fourth quarter worth approximately $463,000. Entropy Technologies LP grew its holdings in Bentley Systems by 78.0% during the fourth quarter. Entropy Technologies LP now owns 18,484 shares of the company’s stock worth $863,000 after acquiring an additional 8,102 shares during the period. Finally, Tobam acquired a new stake in Bentley Systems in the fourth quarter valued at $55,000. 44.16% of the stock is owned by institutional investors and hedge funds.

About Bentley Systems

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.