Bentley Systems, Incorporated (NASDAQ:BSY - Get Free Report) hit a new 52-week high during trading on Monday . The company traded as high as $58.19 and last traded at $58.05, with a volume of 147092 shares traded. The stock had previously closed at $57.81.
Wall Street Analyst Weigh In
Several research firms have weighed in on BSY. JPMorgan Chase & Co. cut their price objective 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. UBS Group increased their price objective on Bentley Systems from $48.00 to $53.00 and gave the stock a "neutral" rating in a report on Thursday, May 8th. Royal Bank Of Canada raised their price objective on Bentley Systems from $53.00 to $55.00 and gave the company an "outperform" rating in a research report on Thursday, May 8th. Wall Street Zen lowered Bentley Systems from a "buy" rating to a "hold" rating in a report on Wednesday, July 16th. Finally, Oppenheimer lifted their price objective on Bentley Systems from $50.00 to $59.00 and gave the stock an "outperform" rating in a report on Thursday. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $53.20.
Read Our Latest Stock Report on Bentley Systems
Bentley Systems Trading Up 0.2%
The business's 50-day moving average is $51.22 and its two-hundred day moving average is $46.52. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 1.13. The stock has a market capitalization of $16.90 billion, a PE ratio of 73.29, a PEG ratio of 4.70 and a beta of 1.09.
Bentley Systems (NASDAQ:BSY - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.35 EPS for the quarter, topping analysts' consensus estimates of $0.30 by $0.05. The firm had revenue of $370.54 million for the quarter, compared to analyst estimates of $366.76 million. Bentley Systems had a net margin of 18.46% and a return on equity of 29.18%. The firm's revenue was up 9.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.31 EPS. On average, analysts predict that Bentley Systems, Incorporated will post 0.88 earnings per share for the current year.
Bentley Systems Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 12th. Stockholders of record on Tuesday, June 3rd were issued a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 0.48%. The ex-dividend date of this dividend was Tuesday, June 3rd. Bentley Systems's dividend payout ratio (DPR) is presently 35.44%.
Insider Buying and Selling at Bentley Systems
In related news, Director Keith A. Bentley sold 150,000 shares of the firm's stock in a transaction on Monday, July 7th. The shares were sold at an average price of $55.54, for a total value of $8,331,000.00. Following the transaction, the director directly owned 3,859,327 shares in the company, valued at approximately $214,347,021.58. This trade represents a 3.74% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider David R. Shaman sold 19,348 shares of the firm's stock in a transaction on Monday, July 14th. The stock was sold at an average price of $56.96, for a total transaction of $1,102,062.08. Following the completion of the sale, the insider owned 647,609 shares in the company, valued at $36,887,808.64. This represents a 2.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,201,832 shares of company stock valued at $61,414,013. 20.56% of the stock is currently owned by corporate insiders.
Institutional Trading of Bentley Systems
Institutional investors have recently made changes to their positions in the business. Bessemer Group Inc. lifted its holdings in Bentley Systems by 8,187,760.9% during the 1st quarter. Bessemer Group Inc. now owns 1,883,208 shares of the company's stock valued at $74,086,000 after purchasing an additional 1,883,185 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Bentley Systems by 5.3% during the 1st quarter. Vanguard Group Inc. now owns 17,999,856 shares of the company's stock valued at $708,114,000 after purchasing an additional 898,115 shares during the last quarter. Federated Hermes Inc. bought a new position in Bentley Systems during the 1st quarter valued at about $15,960,000. Sone Capital Management LLC bought a new position in Bentley Systems during the 4th quarter valued at about $17,884,000. Finally, SG Americas Securities LLC lifted its holdings in Bentley Systems by 449.7% during the 1st quarter. SG Americas Securities LLC now owns 384,291 shares of the company's stock valued at $15,118,000 after purchasing an additional 314,387 shares during the last quarter. 44.16% of the stock is currently owned by institutional investors and hedge funds.
Bentley Systems Company Profile
(
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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