Bentley Systems, Incorporated (NASDAQ:BSY - Get Free Report)'s stock price hit a new 52-week high during trading on Monday . The stock traded as high as $57.28 and last traded at $57.20, with a volume of 701446 shares trading hands. The stock had previously closed at $56.35.
Analyst Ratings Changes
BSY has been the subject of a number of research reports. Rosenblatt Securities decreased their target price on shares of Bentley Systems from $62.00 to $53.00 and set a "buy" rating for the company in a research note on Monday, May 5th. JPMorgan Chase & Co. decreased their target price 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. Oppenheimer lifted their target price on shares of Bentley Systems from $49.00 to $50.00 and gave the company an "outperform" rating in a research note on Thursday, May 8th. UBS Group lifted their target price on shares of Bentley Systems from $48.00 to $53.00 and gave the company a "neutral" rating in a research note on Thursday, May 8th. Finally, Wall Street Zen upgraded shares of Bentley Systems from a "hold" rating to a "buy" rating in a report on Tuesday, July 8th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $52.30.
Read Our Latest Research Report on Bentley Systems
Bentley Systems Stock Performance
The firm has a market cap of $16.63 billion, a PE ratio of 72.04, a price-to-earnings-growth ratio of 4.58 and a beta of 1.09. The company has a 50 day simple moving average of $50.28 and a 200-day simple moving average of $46.22. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.49 and a quick ratio of 0.49.
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 for the quarter, beating the consensus estimate of $0.30 by $0.05. Bentley Systems had a return on equity of 29.18% and a net margin of 18.46%. The firm had revenue of $370.54 million during the quarter, compared to the consensus estimate of $366.76 million. During the same quarter in the previous year, the company posted $0.31 earnings per share. The business's revenue was up 9.7% on a year-over-year basis. As a group, equities research analysts anticipate that Bentley Systems, Incorporated will post 0.88 EPS for the current year.
Bentley Systems Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 12th. Shareholders of record on Tuesday, June 3rd were issued a $0.07 dividend. The ex-dividend date of this dividend was Tuesday, June 3rd. This represents a $0.28 dividend on an annualized basis and a yield of 0.49%. Bentley Systems's dividend payout ratio (DPR) is 35.44%.
Insider Buying and Selling
In related news, CRO Brock Ballard sold 12,363 shares of the stock in a transaction that occurred on Wednesday, May 7th. The shares were sold at an average price of $45.08, for a total value of $557,324.04. Following the completion of the sale, the executive directly owned 68,064 shares of the company's stock, valued at approximately $3,068,325.12. This represents a 15.37% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Raymond B. Bentley sold 355,103 shares of the stock in a transaction that occurred on Monday, June 16th. The stock was sold at an average price of $49.96, for a total transaction of $17,740,945.88. Following the completion of the sale, the director directly owned 15,992,321 shares of the company's stock, valued at $798,976,357.16. This represents a 2.17% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,181,519 shares of company stock valued at $60,257,023 over the last ninety days. Insiders own 20.56% of the company's stock.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently modified their holdings of the business. Covea Finance boosted its stake in Bentley Systems by 81.4% during the second quarter. Covea Finance now owns 67,100 shares of the company's stock worth $3,621,000 after buying an additional 30,100 shares during the period. Revisor Wealth Management LLC bought a new stake in shares of Bentley Systems in the second quarter valued at about $238,000. GAMMA Investing LLC grew its holdings in Bentley Systems by 114.5% during the 2nd quarter. GAMMA Investing LLC now owns 1,053 shares of the company's stock worth $57,000 after acquiring an additional 562 shares in the last quarter. Clear Harbor Asset Management LLC increased its position in Bentley Systems by 22.6% during the 2nd quarter. Clear Harbor Asset Management LLC now owns 67,553 shares of the company's stock valued at $3,646,000 after purchasing an additional 12,438 shares during the period. Finally, Park Avenue Securities LLC purchased a new position in Bentley Systems during the 2nd quarter valued at about $323,000. 44.16% of the stock is owned by hedge funds and other institutional investors.
About Bentley Systems
(
Get Free Report)
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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