Insider Selling: Bentley Systems, Incorporated (NASDAQ:BSY) Director Sells 150,000 Shares of Stock

Bentley Systems, Incorporated (NASDAQ:BSY - Get Free Report) Director Keith A. Bentley sold 150,000 shares of Bentley Systems stock in a transaction that occurred on Monday, July 7th. The stock was sold at an average price of $55.54, for a total value of $8,331,000.00. Following the transaction, the director directly owned 3,859,327 shares in the company, valued at approximately $214,347,021.58. This trade represents a 3.74% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Bentley Systems Price Performance

Shares of NASDAQ:BSY traded down $0.33 on Friday, reaching $56.35. 1,677,364 shares of the company were exchanged, compared to its average volume of 1,257,274. The company has a 50-day moving average of $50.02 and a 200-day moving average of $46.18. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 1.13. The firm has a market cap of $16.45 billion, a price-to-earnings ratio of 71.33, a price-to-earnings-growth ratio of 4.61 and a beta of 1.09. Bentley Systems, Incorporated has a 1-year low of $36.51 and a 1-year high of $56.94.

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. Bentley Systems had a net margin of 18.46% and a return on equity of 29.18%. The company had revenue of $370.54 million for the quarter, compared to analyst estimates of $366.76 million. During the same period in the prior year, the business posted $0.31 earnings per share. The firm's revenue for the quarter was up 9.7% compared to the same quarter last year. Equities analysts forecast that Bentley Systems, Incorporated will post 0.88 earnings per share for the current fiscal year.

Bentley Systems Dividend Announcement

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

Institutional Trading of Bentley Systems

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

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on BSY shares. Wall Street Zen upgraded shares of Bentley Systems from a "hold" rating to a "buy" rating in a research note on Tuesday. UBS Group increased their price objective on Bentley Systems from $48.00 to $53.00 and gave the stock a "neutral" rating in a research report on Thursday, May 8th. Rosenblatt Securities lowered their target price on Bentley Systems from $62.00 to $53.00 and set a "buy" rating on the stock in a research note on Monday, May 5th. Royal Bank Of Canada upped their price target on Bentley Systems from $53.00 to $55.00 and gave the stock an "outperform" rating in a research note on Thursday, May 8th. Finally, JPMorgan Chase & Co. decreased their price target on Bentley Systems from $52.00 to $45.00 and set a "neutral" rating for the company in a report on Wednesday, April 9th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $52.30.

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.