Bentley Systems, Incorporated (NASDAQ:BSY) Insider Sells $23,700.00 in Stock

Key Points

• Insider Transaction: David R. Shaman, an insider at Bentley Systems, sold 400 shares at an average price of $59.25, totaling $23,700, which represents a 0.06% decrease in their position.
• Quarterly Earnings Performance: Bentley Systems reported a Q1 EPS of $0.35, surpassing analyst estimates, and achieved a revenue of $370.54 million, reflecting a 9.7% year-over-year increase.
• Dividend Announcement: The company declared a quarterly dividend of $0.07 per share, with an annualized dividend yield of 0.5% and a payout ratio of 35.44%.

Bentley Systems, Incorporated (NASDAQ:BSY - Get Free Report) insider David R. Shaman sold 400 shares of the business's stock in a transaction dated Tuesday, July 29th. The stock was sold at an average price of $59.25, for a total transaction of $23,700.00. Following the sale, the insider directly owned 647,209 shares of the company's stock, valued at $38,347,133.25. This represents a 0.06% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Bentley Systems Stock Down 0.2%

BSY traded down $0.10 during trading hours on Thursday, hitting $57.98. 1,428,138 shares of the company's stock were exchanged, compared to its average volume of 1,513,559. Bentley Systems, Incorporated has a 12-month low of $36.51 and a 12-month high of $59.25. The firm has a 50 day moving average of $52.89 and a 200 day moving average of $47.17. The firm has a market cap of $16.92 billion, a P/E ratio of 73.39, a price-to-earnings-growth ratio of 4.77 and a beta of 1.09. 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 announced its quarterly earnings data on Wednesday, May 7th. The company reported $0.35 EPS for the quarter, beating analysts' consensus estimates of $0.30 by $0.05. The company had revenue of $370.54 million for the quarter, compared to the consensus estimate of $366.76 million. Bentley Systems had a net margin of 18.46% and a return on equity of 29.18%. The company's quarterly revenue was up 9.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.31 EPS. Analysts predict that Bentley Systems, Incorporated will post 0.88 EPS for the current fiscal year.

Bentley Systems Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 12th. Stockholders of record on Tuesday, June 3rd were paid a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 0.5%. The ex-dividend date was Tuesday, June 3rd. Bentley Systems's dividend payout ratio (DPR) is 35.44%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. UBS Group boosted their price target on shares of Bentley Systems from $48.00 to $53.00 and gave the stock a "neutral" rating in a research report on Thursday, May 8th. Oppenheimer boosted their target price on shares of Bentley Systems from $50.00 to $59.00 and gave the company an "outperform" rating in a report on Thursday, July 17th. Mizuho decreased their target price 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. Robert W. Baird set a $64.00 target price on shares of Bentley Systems and gave the company an "outperform" rating in a report on Wednesday. Finally, Rosenblatt Securities decreased their target price on shares of Bentley Systems from $62.00 to $53.00 and set a "buy" rating on the stock in a report on Monday, May 5th. One research analyst has rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the company. According to MarketBeat, Bentley Systems presently has an average rating of "Moderate Buy" and a consensus price target of $53.70.

Institutional Trading of Bentley Systems

Several hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in shares of Bentley Systems by 5.3% during the first quarter. Vanguard Group Inc. now owns 17,999,856 shares of the company's stock valued at $708,114,000 after buying an additional 898,115 shares during the period. Kayne Anderson Rudnick Investment Management LLC lifted its stake in shares of Bentley Systems by 1.0% during the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 16,167,441 shares of the company's stock valued at $636,027,000 after buying an additional 160,496 shares during the period. Swedbank AB lifted its stake in shares of Bentley Systems by 1.6% during the first quarter. Swedbank AB now owns 7,119,208 shares of the company's stock valued at $280,070,000 after buying an additional 111,884 shares during the period. Bessemer Group Inc. lifted its stake in shares of Bentley Systems by 8,187,760.9% during the first quarter. Bessemer Group Inc. now owns 1,883,208 shares of the company's stock valued at $74,086,000 after buying an additional 1,883,185 shares during the period. Finally, AXA S.A. lifted its stake in shares of Bentley Systems by 7.6% during the fourth quarter. AXA S.A. now owns 1,603,157 shares of the company's stock valued at $74,867,000 after buying an additional 112,824 shares during the period. Institutional investors and hedge funds own 44.16% of the company's stock.

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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