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

Bentley Systems, Incorporated (NASDAQ:BSY - Get Free Report) Director Raymond B. Bentley sold 122,114 shares of Bentley Systems stock in a transaction on Friday, June 20th. The stock was sold at an average price of $50.70, for a total value of $6,191,179.80. Following the sale, the director now owns 15,347,424 shares in the company, valued at $778,114,396.80. This trade represents a 0.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link.

Bentley Systems Stock Performance

Shares of NASDAQ BSY traded up $0.72 during trading on Tuesday, reaching $52.55. 1,931,999 shares of the stock traded hands, compared to its average volume of 1,228,629. Bentley Systems, Incorporated has a 52-week low of $36.51 and a 52-week high of $52.99. 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 company has a 50-day moving average of $46.99 and a 200-day moving average of $45.53. The stock has a market capitalization of $15.34 billion, a P/E ratio of 66.52, a price-to-earnings-growth ratio of 4.35 and a beta of 1.07.

Bentley Systems (NASDAQ:BSY - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The company reported $0.35 EPS 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 quarter in the prior year, the firm earned $0.31 EPS. The business's revenue for the quarter was up 9.7% compared to the same quarter last year. Analysts forecast that Bentley Systems, Incorporated will post 0.88 EPS for the current fiscal year.

Bentley Systems Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 12th. Stockholders of record on Tuesday, June 3rd were given 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 0.53%. Bentley Systems's dividend payout ratio is presently 35.44%.

Institutional Trading of Bentley Systems

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Swedbank AB raised its stake in shares of Bentley Systems by 1.6% during the 1st quarter. Swedbank AB now owns 7,119,208 shares of the company's stock valued at $280,070,000 after purchasing an additional 111,884 shares during the period. Geneos Wealth Management Inc. raised its stake 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 valued at $26,000 after purchasing an additional 627 shares during the period. Ilmarinen Mutual Pension Insurance Co bought a new stake in shares of Bentley Systems during the 1st quarter valued at $984,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Bentley Systems by 2.8% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 895,213 shares of the company's stock valued at $35,218,000 after purchasing an additional 24,258 shares during the period. Finally, Caxton Associates LLP bought a new stake in shares of Bentley Systems during the 1st quarter valued at $1,006,000. 44.16% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. UBS Group lifted their price target on Bentley Systems from $48.00 to $53.00 and gave the stock a "neutral" rating in a report on Thursday, May 8th. Rosenblatt Securities dropped their price target on Bentley Systems from $62.00 to $53.00 and set a "buy" rating on the stock in a report on Monday, May 5th. Wall Street Zen upgraded Bentley Systems from a "hold" rating to a "buy" rating in a report on Sunday. Robert W. Baird dropped their price target on Bentley Systems from $60.00 to $59.00 and set an "outperform" rating on the stock in a report on Thursday, February 27th. Finally, Oppenheimer lifted their price target on Bentley Systems from $49.00 to $50.00 and gave the stock an "outperform" rating in a report on Thursday, May 8th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average 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.