David R. Shaman Sells 400 Shares of Bentley Systems, Incorporated (NASDAQ:BSY) 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 firm's stock in a transaction that occurred on Tuesday, July 29th. The shares were sold at an average price of $59.25, for a total transaction of $23,700.00. Following the completion of the transaction, the insider directly owned 647,209 shares of the company's stock, valued at approximately $38,347,133.25. The trade was a 0.06% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Bentley Systems Stock Performance

BSY traded up $0.66 during trading on Monday, hitting $57.78. The stock had a trading volume of 155,881 shares, compared to its average volume of 1,504,221. 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 firm has a market capitalization of $16.86 billion, a P/E ratio of 73.12, a PEG ratio of 4.64 and a beta of 1.10. The company's 50-day moving average price is $53.29 and its 200 day moving average price is $47.35. Bentley Systems, Incorporated has a twelve month low of $36.51 and a twelve month high of $59.25.

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 the consensus estimate of $0.30 by $0.05. The company had revenue of $370.54 million for the quarter, compared to analysts' expectations of $366.76 million. Bentley Systems had a net margin of 18.46% and a return on equity of 29.18%. Bentley Systems's revenue was up 9.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.31 EPS. On average, equities research analysts forecast that Bentley Systems, Incorporated will post 0.88 EPS for the current fiscal year.

Bentley Systems Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 12th. Shareholders of record on Tuesday, June 3rd were given a dividend of $0.07 per share. 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 payout ratio is presently 35.44%.

Institutional Investors Weigh In On Bentley Systems

Several institutional investors have recently made changes to their positions in the stock. World Investment Advisors purchased a new stake in shares of Bentley Systems during the 2nd quarter worth $240,000. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its position in shares of Bentley Systems by 137.7% during the 2nd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 117,913 shares of the company's stock worth $6,364,000 after purchasing an additional 68,300 shares in the last quarter. Teacher Retirement System of Texas boosted its position in shares of Bentley Systems by 4.2% during the 2nd quarter. Teacher Retirement System of Texas now owns 24,350 shares of the company's stock worth $1,314,000 after purchasing an additional 975 shares in the last quarter. Bessemer Group Inc. boosted its position in shares of Bentley Systems by 3.6% during the 2nd quarter. Bessemer Group Inc. now owns 1,951,363 shares of the company's stock worth $105,314,000 after purchasing an additional 68,155 shares in the last quarter. Finally, Wealthfront Advisers LLC boosted its position in shares of Bentley Systems by 14.8% during the 2nd quarter. Wealthfront Advisers LLC now owns 10,993 shares of the company's stock worth $593,000 after purchasing an additional 1,419 shares in the last quarter. 44.16% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. JPMorgan Chase & Co. decreased their price target on shares of Bentley Systems from $52.00 to $45.00 and set a "neutral" rating for the company in a research note on Wednesday, April 9th. Robert W. Baird set a $64.00 price objective on shares of Bentley Systems and gave the stock an "outperform" rating in a research report on Wednesday, July 30th. Rosenblatt Securities reduced their price objective on shares of Bentley Systems from $62.00 to $53.00 and set a "buy" rating for the company in a research report on Monday, May 5th. Royal Bank Of Canada boosted their price objective on shares of Bentley Systems from $53.00 to $55.00 and gave the stock an "outperform" rating in a research report on Thursday, May 8th. Finally, UBS Group boosted their price objective 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. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $53.70.

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.