Bentley Systems, Incorporated (NASDAQ:BSY) Director Raymond B. Bentley Sells 122,114 Shares

Bentley Systems, Incorporated (NASDAQ:BSY - Get Free Report) Director Raymond B. Bentley sold 122,114 shares of the company's stock in a transaction dated Friday, June 20th. The shares were sold at an average price of $50.70, for a total transaction of $6,191,179.80. Following the transaction, the director now owns 15,347,424 shares in the company, valued at $778,114,396.80. The trade was a 0.79% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Bentley Systems Trading Up 0.4%

Bentley Systems stock traded up $0.21 during trading hours on Thursday, hitting $52.63. The company had a trading volume of 1,229,630 shares, compared to its average volume of 1,226,928. The firm has a market cap of $15.36 billion, a P/E ratio of 66.62, a P/E/G ratio of 4.40 and a beta of 1.07. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.49 and a current ratio of 0.49. Bentley Systems, Incorporated has a 1 year low of $36.51 and a 1 year high of $52.97. The company has a 50-day moving average price of $47.36 and a two-hundred day moving average price of $45.61.

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, topping the consensus estimate of $0.30 by $0.05. Bentley Systems had a net margin of 18.46% and a return on equity of 29.18%. The firm had revenue of $370.54 million during the quarter, compared to analysts' expectations of $366.76 million. During the same quarter in the prior year, the company earned $0.31 EPS. The company's revenue was up 9.7% compared to the same quarter last year. On average, sell-side analysts anticipate that Bentley Systems, Incorporated will post 0.88 earnings per share for the current 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 given a $0.07 dividend. The ex-dividend date of this dividend was Tuesday, June 3rd. This represents a $0.28 annualized dividend and a dividend yield of 0.53%. Bentley Systems's payout ratio is presently 35.44%.

Institutional Investors Weigh In On Bentley Systems

Hedge funds have recently modified their holdings of the business. Charles Schwab Investment Management Inc. lifted its position in shares of Bentley Systems by 1.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,052,704 shares of the company's stock worth $49,161,000 after purchasing an additional 15,372 shares during the period. Proficio Capital Partners LLC purchased a new stake in shares of Bentley Systems in the 4th quarter worth approximately $809,000. Bank of New York Mellon Corp lifted its position in shares of Bentley Systems by 10.2% in the 4th quarter. Bank of New York Mellon Corp now owns 1,053,762 shares of the company's stock worth $49,211,000 after purchasing an additional 97,950 shares during the period. Two Sigma Investments LP lifted its position in shares of Bentley Systems by 42.3% in the 4th quarter. Two Sigma Investments LP now owns 42,700 shares of the company's stock worth $1,994,000 after purchasing an additional 12,689 shares during the period. Finally, Bright Rock Capital Management LLC purchased a new stake in shares of Bentley Systems in the 1st quarter worth approximately $1,967,000. Hedge funds and other institutional investors own 44.16% of the company's stock.

Wall Street Analyst Weigh In

BSY has been the topic of several analyst reports. Oppenheimer upped their price target 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. The Goldman Sachs Group downgraded shares of Bentley Systems from a "neutral" rating to a "sell" rating and cut their price target for the company from $51.00 to $42.00 in a report on Friday, February 28th. Robert W. Baird cut their price target on shares of Bentley Systems from $60.00 to $59.00 and set an "outperform" rating on the stock in a report on Thursday, February 27th. JPMorgan Chase & Co. cut their price target on shares of Bentley Systems from $52.00 to $45.00 and set a "neutral" rating on the stock in a report on Wednesday, April 9th. Finally, Rosenblatt Securities cut their price target on shares of Bentley Systems from $62.00 to $53.00 and set a "buy" rating on the stock in a report on Monday, May 5th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, Bentley Systems currently has a consensus rating of "Moderate Buy" and an average target price of $52.00.

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.