Bentley Systems, Incorporated (NASDAQ:BSY) Director Keith A. Bentley Sells 150,000 Shares

Bentley Systems, Incorporated (NASDAQ:BSY - Get Free Report) Director Keith A. Bentley sold 150,000 shares of the company's stock in a transaction dated Monday, July 7th. The stock was sold at an average price of $55.54, for a total transaction of $8,331,000.00. Following the completion of the sale, the director directly owned 3,859,327 shares in the company, valued at $214,347,021.58. This represents a 3.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Bentley Systems Trading Up 0.2%

NASDAQ:BSY traded up $0.12 during mid-day trading on Wednesday, hitting $56.02. 1,177,682 shares of the stock traded hands, compared to its average volume of 1,248,600. Bentley Systems, Incorporated has a 52 week low of $36.51 and a 52 week high of $56.37. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 1.13. The stock has a market capitalization of $16.35 billion, a price-to-earnings ratio of 70.91, a PEG ratio of 4.51 and a beta of 1.09. The firm's 50 day moving average is $49.23 and its two-hundred day moving average is $45.99.

Bentley Systems (NASDAQ:BSY - Get Free Report) last issued its earnings results on Wednesday, May 7th. The company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.05. The business had revenue of $370.54 million during the quarter, compared to analysts' expectations of $366.76 million. Bentley Systems had a return on equity of 29.18% and a net margin of 18.46%. The business's revenue for the quarter was up 9.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.31 EPS. On average, equities research analysts predict that Bentley Systems, Incorporated will post 0.88 earnings per share for the current year.

Bentley Systems Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 12th. Shareholders of record on Tuesday, June 3rd were paid a dividend of $0.07 per share. The ex-dividend date was Tuesday, June 3rd. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.50%. Bentley Systems's payout ratio is currently 35.44%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Mizuho reduced their price objective on shares of Bentley Systems from $60.00 to $50.00 and set an "outperform" rating for the company in a research note on Tuesday, April 15th. Rosenblatt Securities dropped their price objective on Bentley Systems from $62.00 to $53.00 and set a "buy" rating on the stock in a research report on Monday, May 5th. Wall Street Zen upgraded shares of Bentley Systems from a "hold" rating to a "buy" rating in a research report on Tuesday. KeyCorp lifted their target price on shares of Bentley Systems from $56.00 to $59.00 and gave the stock an "overweight" rating in a research report on Monday. Finally, UBS Group boosted their target price on shares of Bentley Systems from $48.00 to $53.00 and gave the company a "neutral" rating in a research note on Thursday, May 8th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $52.30.

Institutional Investors Weigh In On Bentley Systems

Several hedge funds have recently bought and sold shares of BSY. Bessemer Group Inc. increased its stake in Bentley Systems by 8,187,760.9% during the 1st quarter. Bessemer Group Inc. now owns 1,883,208 shares of the company's stock worth $74,086,000 after buying an additional 1,883,185 shares in the last quarter. Vanguard Group Inc. raised its position in Bentley Systems by 5.3% in the first quarter. Vanguard Group Inc. now owns 17,999,856 shares of the company's stock valued at $708,114,000 after purchasing an additional 898,115 shares during the period. Skandinaviska Enskilda Banken AB publ lifted its stake in Bentley Systems by 591.7% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 555,702 shares of the company's stock worth $26,446,000 after acquiring an additional 475,361 shares in the last quarter. Federated Hermes Inc. acquired a new position in shares of Bentley Systems in the first quarter valued at approximately $15,960,000. Finally, Sone Capital Management LLC purchased a new position in Bentley Systems in the fourth quarter valued at $17,884,000. Hedge funds and other institutional investors own 44.16% of the company's stock.

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.

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