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

Bentley Systems logo with Computer and Technology background

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.

Check Out Our Latest Stock Analysis on Bentley Systems

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

(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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Insider Buying and Selling by Quarter for Bentley Systems (NASDAQ:BSY)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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