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 the company's stock in a transaction on Monday, July 14th. The shares were 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 Securities & Exchange Commission, which can be accessed through this link.

Bentley Systems Stock Performance

Shares of NASDAQ BSY traded up $0.45 during trading hours on Tuesday, reaching $57.43. The stock had a trading volume of 1,465,691 shares, compared to its average volume of 1,263,483. The firm has a market cap of $16.76 billion, a price-to-earnings ratio of 72.70, a PEG ratio of 4.58 and a beta of 1.09. Bentley Systems, Incorporated has a fifty-two week low of $36.51 and a fifty-two week high of $57.83. The firm has a 50-day moving average of $50.28 and a 200-day moving average of $46.22. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 1.13.

Bentley Systems (NASDAQ:BSY - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.35 earnings per share (EPS) 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 firm had revenue of $370.54 million during the quarter, compared to analysts' expectations of $366.76 million. During the same period in the prior year, the company posted $0.31 earnings per share. The firm's revenue for the quarter was up 9.7% on a year-over-year basis. 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 declared a quarterly dividend, which was paid on Thursday, June 12th. Stockholders of record on Tuesday, June 3rd were given a dividend of $0.07 per share. The ex-dividend date of this dividend was Tuesday, June 3rd. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.49%. Bentley Systems's payout ratio is 35.44%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BSY. Public Employees Retirement System of Ohio increased its holdings in Bentley Systems by 13.3% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 48,870 shares of the company's stock worth $2,638,000 after purchasing an additional 5,723 shares during the last quarter. Covea Finance boosted its stake in Bentley Systems by 81.4% during the 2nd quarter. Covea Finance now owns 67,100 shares of the company's stock valued at $3,621,000 after acquiring an additional 30,100 shares during the last quarter. Revisor Wealth Management LLC bought a new stake in shares of Bentley Systems in the 2nd quarter worth about $238,000. GAMMA Investing LLC grew its stake in Bentley Systems by 114.5% in the second quarter. GAMMA Investing LLC now owns 1,053 shares of the company's stock worth $57,000 after purchasing an additional 562 shares in the last quarter. Finally, Clear Harbor Asset Management LLC increased its holdings in Bentley Systems by 22.6% in the second quarter. Clear Harbor Asset Management LLC now owns 67,553 shares of the company's stock valued at $3,646,000 after buying an additional 12,438 shares during the last quarter. 44.16% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. UBS Group upped their price objective on Bentley Systems from $48.00 to $53.00 and gave the company a "neutral" rating in a report on Thursday, May 8th. Mizuho reduced their price objective on shares of Bentley Systems from $60.00 to $50.00 and set an "outperform" rating on the stock in a report on Tuesday, April 15th. Wall Street Zen raised shares of Bentley Systems from a "hold" rating to a "buy" rating in a research note on Tuesday, July 8th. KeyCorp upped their price objective on shares of Bentley Systems from $56.00 to $59.00 and gave the stock an "overweight" rating in a report on Monday, July 7th. Finally, Rosenblatt Securities decreased their price target 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. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus 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.

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