Bentley Systems, Incorporated (NASDAQ:BSY - Get Free Report) shares hit a new 52-week high during mid-day trading on Monday . The company traded as high as $56.10 and last traded at $55.81, with a volume of 403262 shares changing hands. The stock had previously closed at $55.35.
Wall Street Analysts Forecast Growth
A number of brokerages have issued reports on BSY. Oppenheimer increased their price objective on shares of Bentley Systems from $49.00 to $50.00 and gave the company an "outperform" rating in a report on Thursday, May 8th. Rosenblatt Securities lowered their price target on Bentley Systems from $62.00 to $53.00 and set a "buy" rating for the company in a research report on Monday, May 5th. UBS Group raised their price target on Bentley Systems from $48.00 to $53.00 and gave the stock a "neutral" rating in a research report on Thursday, May 8th. Mizuho decreased their target price on Bentley Systems from $60.00 to $50.00 and set an "outperform" rating for the company in a research report on Tuesday, April 15th. Finally, Royal Bank Of Canada raised their price target on Bentley Systems from $53.00 to $55.00 and gave the company an "outperform" rating in a research note on Thursday, May 8th. 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 stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $52.30.
Check Out Our Latest Report on Bentley Systems
Bentley Systems Price Performance
The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 1.13. The company has a market cap of $16.20 billion, a PE ratio of 70.27, a price-to-earnings-growth ratio of 4.50 and a beta of 1.09. The firm has a 50 day simple moving average of $48.73 and a 200-day simple moving average of $45.87.
Bentley Systems (NASDAQ:BSY - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The company reported $0.35 earnings per share for the quarter, topping analysts' consensus estimates of $0.30 by $0.05. Bentley Systems had a return on equity of 29.18% and a net margin of 18.46%. The business had revenue of $370.54 million for the quarter, compared to analyst estimates of $366.76 million. During the same quarter in the previous year, the firm earned $0.31 earnings per share. The company's revenue was up 9.7% on a year-over-year basis. As a group, research analysts predict that Bentley Systems, Incorporated will post 0.88 earnings per share for the current fiscal year.
Bentley Systems Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, June 12th. Stockholders of record on Tuesday, June 3rd were paid 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 0.50%. Bentley Systems's payout ratio is 35.44%.
Insider Transactions at Bentley Systems
In other news, CRO Brock Ballard sold 12,363 shares of the business's stock in a transaction dated Wednesday, May 7th. The stock was sold at an average price of $45.08, for a total transaction of $557,324.04. Following the sale, the executive owned 68,064 shares in the company, valued at approximately $3,068,325.12. The trade was a 15.37% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Raymond B. Bentley sold 122,114 shares of the company's stock in a transaction that occurred on Friday, June 20th. The shares were sold at an average price of $50.70, for a total value of $6,191,179.80. Following the completion of the sale, the director owned 15,347,424 shares in the company, valued at approximately $778,114,396.80. This represents a 0.79% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,012,363 shares of company stock worth $50,872,826 in the last 90 days. Insiders own 20.56% of the company's stock.
Institutional Investors Weigh In On Bentley Systems
Large investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in Bentley Systems by 5.3% in the 1st quarter. Vanguard Group Inc. now owns 17,999,856 shares of the company's stock worth $708,114,000 after purchasing an additional 898,115 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its position in Bentley Systems by 1.0% in the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 16,167,441 shares of the company's stock worth $636,027,000 after purchasing an additional 160,496 shares in the last quarter. Swedbank AB boosted its position in Bentley Systems by 1.6% in the 1st quarter. Swedbank AB now owns 7,119,208 shares of the company's stock worth $280,070,000 after purchasing an additional 111,884 shares in the last quarter. Pictet Asset Management Holding SA boosted its position in Bentley Systems by 0.4% in the 4th quarter. Pictet Asset Management Holding SA now owns 5,614,750 shares of the company's stock worth $262,209,000 after purchasing an additional 24,019 shares in the last quarter. Finally, Bessemer Group Inc. boosted its position in Bentley Systems by 8,187,760.9% in the 1st quarter. Bessemer Group Inc. now owns 1,883,208 shares of the company's stock worth $74,086,000 after purchasing an additional 1,883,185 shares in the last quarter. Hedge funds and other institutional investors own 44.16% of the company's stock.
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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