David R. Shaman Sells 965 Shares of Bentley Systems, Incorporated (NASDAQ:BSY) Stock

Bentley Systems, Incorporated (NASDAQ:BSY - Get Free Report) insider David R. Shaman sold 965 shares of Bentley Systems stock in a transaction dated Friday, July 11th. The stock was sold at an average price of $56.92, for a total value of $54,927.80. Following the completion of the transaction, the insider directly owned 666,957 shares in the company, valued at $37,963,192.44. This represents a 0.14% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Bentley Systems Stock Performance

Shares of BSY traded up $0.07 on Friday, reaching $57.65. 822,958 shares of the stock traded hands, compared to its average volume of 1,269,545. The firm has a market cap of $16.83 billion, a price-to-earnings ratio of 73.03, a P/E/G ratio of 4.68 and a beta of 1.09. 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, Incorporated has a 12 month low of $36.51 and a 12 month high of $57.97. The stock's 50-day moving average price is $50.99 and its 200-day moving average price is $46.45.

Bentley Systems (NASDAQ:BSY - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The company reported $0.35 earnings per share for the quarter, beating 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 firm had revenue of $370.54 million for the quarter, compared to analysts' expectations of $366.76 million. During the same period in the prior year, the business posted $0.31 earnings per share. The business's revenue was up 9.7% compared to the same quarter last year. Equities 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 paid a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 0.49%. The ex-dividend date of this dividend was Tuesday, June 3rd. Bentley Systems's payout ratio is 35.44%.

Hedge Funds Weigh In On Bentley Systems

Hedge funds have recently added to or reduced their stakes in the stock. Proficio Capital Partners LLC bought a new position in shares of Bentley Systems during the fourth quarter worth about $809,000. Polen Capital Management LLC acquired a new stake in shares of Bentley Systems in the fourth quarter valued at approximately $1,000,000. Intech Investment Management LLC lifted its holdings in Bentley Systems by 3.6% during the 4th quarter. Intech Investment Management LLC now owns 7,283 shares of the company's stock worth $340,000 after purchasing an additional 254 shares during the last quarter. Xponance Inc. lifted its holdings in Bentley Systems by 3.2% during the 4th quarter. Xponance Inc. now owns 29,769 shares of the company's stock worth $1,390,000 after purchasing an additional 935 shares during the last quarter. Finally, Quantbot Technologies LP acquired a new stake in Bentley Systems during the 4th quarter worth approximately $3,867,000. Institutional investors and hedge funds own 44.16% of the company's stock.

Wall Street Analyst Weigh In

BSY has been the subject of several research reports. Mizuho reduced their price target on Bentley Systems from $60.00 to $50.00 and set an "outperform" rating for the company in a report on Tuesday, April 15th. UBS Group lifted their price target on Bentley Systems from $48.00 to $53.00 and gave the company a "neutral" rating in a report on Thursday, May 8th. Rosenblatt Securities reduced their target price on Bentley Systems from $62.00 to $53.00 and set a "buy" rating for the company in a report on Monday, May 5th. Wall Street Zen lowered Bentley Systems from a "buy" rating to a "hold" rating in a report on Wednesday. Finally, KeyCorp boosted their target price on Bentley Systems from $56.00 to $59.00 and gave the stock an "overweight" rating in a report on Monday, July 7th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, Bentley Systems currently has an average rating of "Moderate Buy" and a consensus target price of $53.20.

Bentley Systems Company Profile

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.