Bentley Systems, Incorporated (NASDAQ:BSY) Insider David R. Shaman Sells 19,348 Shares

Bentley Systems, Incorporated (NASDAQ:BSY - Get Free Report) insider David R. Shaman sold 19,348 shares of Bentley Systems stock in a transaction that occurred on Monday, July 14th. The stock was sold at an average price of $56.96, for a total value of $1,102,062.08. Following the completion of the sale, the insider owned 647,609 shares of the company's stock, valued at approximately $36,887,808.64. The trade was a 2.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Bentley Systems Stock Up 0.1%

Shares of BSY traded up $0.06 on Friday, reaching $57.64. The stock had a trading volume of 782,552 shares, compared to its average volume of 1,269,394. The firm has a market capitalization of $16.82 billion, a price-to-earnings ratio of 72.92, a price-to-earnings-growth ratio of 4.68 and a beta of 1.09. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.49 and a current ratio of 0.49. The company has a 50-day simple moving average of $50.99 and a 200-day simple moving average of $46.45. Bentley Systems, Incorporated has a 12-month low of $36.51 and a 12-month high of $57.97.

Bentley Systems (NASDAQ:BSY - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The company reported $0.35 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.30 by $0.05. Bentley Systems had a return on equity of 29.18% and a net margin of 18.46%. The business had revenue of $370.54 million during the quarter, compared to analysts' expectations of $366.76 million. During the same quarter in the previous year, the business earned $0.31 earnings per share. The firm's quarterly revenue was up 9.7% compared to the same quarter last year. Sell-side analysts predict that Bentley Systems, Incorporated will post 0.88 EPS for the current year.

Bentley Systems Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 12th. Stockholders 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 0.49%. Bentley Systems's dividend payout ratio is 35.44%.

Wall Street Analysts Forecast Growth

BSY has been the topic of several analyst reports. UBS Group lifted their target price on Bentley Systems from $48.00 to $53.00 and gave the company a "neutral" rating in a research report on Thursday, May 8th. KeyCorp upped their price target on Bentley Systems from $56.00 to $59.00 and gave the company an "overweight" rating in a research report on Monday, July 7th. Royal Bank Of Canada upped their price target on Bentley Systems from $53.00 to $55.00 and gave the company an "outperform" rating in a research report on Thursday, May 8th. JPMorgan Chase & Co. dropped their price target on Bentley Systems from $52.00 to $45.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 9th. Finally, Mizuho dropped their price target on Bentley Systems from $60.00 to $50.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 15th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $53.20.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of BSY. City Holding Co. purchased a new stake in shares of Bentley Systems during the 1st quarter valued at $26,000. Geneos Wealth Management Inc. increased its position in shares of Bentley Systems by 1,529.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 668 shares of the company's stock valued at $26,000 after acquiring an additional 627 shares during the period. Twin Tree Management LP increased its position in shares of Bentley Systems by 361.9% in the 1st quarter. Twin Tree Management LP now owns 739 shares of the company's stock valued at $29,000 after acquiring an additional 579 shares during the period. Larson Financial Group LLC increased its position in shares of Bentley Systems by 1,707.1% in the 1st quarter. Larson Financial Group LLC now owns 759 shares of the company's stock valued at $30,000 after acquiring an additional 717 shares during the period. Finally, Fifth Third Bancorp grew its position in Bentley Systems by 106.6% during the 1st quarter. Fifth Third Bancorp now owns 843 shares of the company's stock worth $33,000 after purchasing an additional 435 shares during the period. 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.