Bentley Systems, Incorporated (NASDAQ:BSY) Insider Sells $54,927.80 in Stock

Bentley Systems, Incorporated (NASDAQ:BSY - Get Free Report) insider David R. Shaman sold 965 shares of the firm's 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 transaction, the insider directly owned 666,957 shares in the company, valued at approximately $37,963,192.44. This represents a 0.14% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Bentley Systems Price Performance

Shares of BSY stock traded up $0.08 during midday trading on Wednesday, reaching $57.51. 1,328,803 shares of the company traded hands, compared to its average volume of 1,268,968. The firm's 50 day simple moving average is $50.78 and its two-hundred day simple moving average is $46.38. Bentley Systems, Incorporated has a 1-year low of $36.51 and a 1-year high of $57.67. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.49 and a quick ratio of 0.49. The firm has a market cap of $16.78 billion, a PE ratio of 72.80, a price-to-earnings-growth ratio of 4.67 and a beta of 1.09.

Bentley Systems (NASDAQ:BSY - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.35 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.30 by $0.05. Bentley Systems had a net margin of 18.46% and a return on equity of 29.18%. The company had revenue of $370.54 million during the quarter, compared to the consensus estimate of $366.76 million. During the same period last year, the firm earned $0.31 EPS. The company's revenue for the quarter was up 9.7% on a year-over-year basis. On average, equities research analysts expect that Bentley Systems, Incorporated will post 0.88 EPS for the current fiscal year.

Bentley Systems Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 12th. Investors of record on Tuesday, June 3rd were given a dividend of $0.07 per share. The ex-dividend date was Tuesday, June 3rd. This represents a $0.28 annualized dividend and a dividend yield of 0.49%. Bentley Systems's dividend payout ratio is currently 35.44%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of BSY. City Holding Co. acquired a new position in shares of Bentley Systems during the 1st quarter worth approximately $26,000. Geneos Wealth Management Inc. raised its position in shares of Bentley Systems by 1,529.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 668 shares of the company's stock worth $26,000 after purchasing an additional 627 shares during the last quarter. Twin Tree Management LP raised its position in shares of Bentley Systems by 361.9% during the 1st quarter. Twin Tree Management LP now owns 739 shares of the company's stock worth $29,000 after purchasing an additional 579 shares during the last quarter. Larson Financial Group LLC raised its position in shares of Bentley Systems by 1,707.1% during the 1st quarter. Larson Financial Group LLC now owns 759 shares of the company's stock worth $30,000 after purchasing an additional 717 shares during the last quarter. Finally, Fifth Third Bancorp raised its position in shares of Bentley Systems by 106.6% during the 1st quarter. Fifth Third Bancorp now owns 843 shares of the company's stock worth $33,000 after purchasing an additional 435 shares during the last quarter. 44.16% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

BSY has been the topic of a number of analyst reports. Mizuho lowered their price objective on Bentley Systems from $60.00 to $50.00 and set an "outperform" rating on the stock in a report on Tuesday, April 15th. KeyCorp lifted their price objective on Bentley Systems from $56.00 to $59.00 and gave the company an "overweight" rating in a report on Monday, July 7th. Wall Street Zen lowered Bentley Systems from a "buy" rating to a "hold" rating in a report on Wednesday. JPMorgan Chase & Co. lowered their price objective on Bentley Systems from $52.00 to $45.00 and set a "neutral" rating on the stock in a report on Wednesday, April 9th. Finally, Royal Bank Of Canada lifted their price objective on Bentley Systems from $53.00 to $55.00 and gave the company an "outperform" rating in a report on Thursday, May 8th. One analyst has rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat, Bentley Systems currently has an average rating of "Moderate Buy" and an average price target of $52.30.

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.