Bentley Systems, Incorporated (NASDAQ:BSY - Get Rating) Director Raymond B. Bentley sold 130,036 shares of Bentley Systems stock in a transaction dated Wednesday, April 27th. The stock was sold at an average price of $41.58, for a total transaction of $5,406,896.88. Following the completion of the sale, the director now owns 17,386,870 shares of the company's stock, valued at approximately $722,946,054.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
NASDAQ:BSY traded up $2.33 during trading hours on Thursday, hitting $43.49. The company had a trading volume of 964,381 shares, compared to its average volume of 1,000,449. The company has a market capitalization of $12.01 billion, a PE ratio of 155.32, a price-to-earnings-growth ratio of 7.38 and a beta of 0.98. The stock has a 50-day moving average price of $40.79 and a 200 day moving average price of $45.91. Bentley Systems, Incorporated has a 52 week low of $34.45 and a 52 week high of $71.92. The company has a debt-to-equity ratio of 3.50, a current ratio of 1.04 and a quick ratio of 1.04.
Bentley Systems (NASDAQ:BSY - Get Rating) last released its quarterly earnings results on Tuesday, March 1st. The company reported $0.18 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.13 by $0.05. Bentley Systems had a net margin of 9.40% and a return on equity of 56.39%. The firm had revenue of $267.70 million during the quarter, compared to analyst estimates of $262.23 million. During the same quarter in the prior year, the firm earned $0.15 EPS. The business's revenue for the quarter was up 21.9% compared to the same quarter last year. Analysts anticipate that Bentley Systems, Incorporated will post 0.57 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 15th. Shareholders of record on Tuesday, March 8th were paid a $0.03 dividend. The ex-dividend date was Monday, March 7th. This represents a $0.12 annualized dividend and a yield of 0.28%. Bentley Systems's payout ratio is 42.86%.
A number of hedge funds have recently bought and sold shares of the business. Covestor Ltd purchased a new stake in Bentley Systems during the 4th quarter valued at $30,000. National Bank of Canada FI bought a new position in Bentley Systems in the fourth quarter worth approximately $31,000. CI Investments Inc. purchased a new position in Bentley Systems during the 3rd quarter worth $37,000. Tobam purchased a new position in Bentley Systems during the 4th quarter worth $40,000. Finally, Neo Ivy Capital Management purchased a new position in Bentley Systems during the 4th quarter worth $42,000. Institutional investors and hedge funds own 34.00% of the company's stock.
A number of research firms have weighed in on BSY. Mizuho reduced their target price on shares of Bentley Systems from $65.00 to $60.00 in a report on Tuesday, January 18th. Royal Bank of Canada cut their target price on shares of Bentley Systems from $65.00 to $55.00 and set an "outperform" rating on the stock in a research note on Wednesday, March 2nd. KeyCorp lowered their price objective on shares of Bentley Systems from $72.00 to $50.00 and set an "overweight" rating on the stock in a report on Wednesday, March 2nd. Zacks Investment Research downgraded shares of Bentley Systems from a "hold" rating to a "sell" rating in a report on Wednesday, March 9th. Finally, The Goldman Sachs Group reduced their price target on shares of Bentley Systems from $60.00 to $52.00 in a research report on Tuesday, March 1st. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of $57.50.
Bentley Systems Company Profile (Get Rating)
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 and open simulation applications for infrastructure design integration, which include MicroStation, OpenRoads, OpenRail, OpenPlant, OpenBuildings, OpenBridge, OpenSite, OpenFlows, STAAD and RAM, SACS, MOSES, AutoPIPE, SITEOPS, CUBE, DYNAMEQ, EMME, and LEGION; and geoprofessional applications for modeling and simulation of near and deep subsurface conditions, including Leapfrog, AGS Workbench, GeoStudio, Imago, MX Deposit, Oasis montaj, PLAXIS, and OpenGround.
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