Keith A. Bentley Sells 17,021 Shares of Bentley Systems, Incorporated (NASDAQ:BSY) Stock

Bentley Systems, Incorporated (NASDAQ:BSY - Get Free Report) Director Keith A. Bentley sold 17,021 shares of the firm's stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $55.00, for a total value of $936,155.00. Following the completion of the transaction, the director now owns 17,150,752 shares in the company, valued at approximately $943,291,360. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Bentley Systems Trading Down 0.1 %

Shares of Bentley Systems stock traded down $0.07 during midday trading on Thursday, reaching $54.37. The company had a trading volume of 987,789 shares, compared to its average volume of 1,341,340. The stock has a fifty day moving average price of $50.78 and a 200 day moving average price of $50.89. The company has a debt-to-equity ratio of 1.72, a current ratio of 0.55 and a quick ratio of 0.55. The firm has a market cap of $15.54 billion, a PE ratio of 54.92, a P/E/G ratio of 5.48 and a beta of 1.10. Bentley Systems, Incorporated has a fifty-two week low of $40.92 and a fifty-two week high of $55.37.

Bentley Systems (NASDAQ:BSY - Get Free Report) last posted its quarterly earnings data on Tuesday, February 27th. The company reported $0.18 EPS for the quarter, hitting analysts' consensus estimates of $0.18. The company had revenue of $310.64 million for the quarter, compared to analyst estimates of $313.67 million. Bentley Systems had a return on equity of 33.87% and a net margin of 26.60%. The firm's quarterly revenue was up 8.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.13 earnings per share. On average, equities analysts anticipate that Bentley Systems, Incorporated will post 0.82 earnings per share for the current year.

Bentley Systems Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Wednesday, March 20th were issued a $0.06 dividend. This is an increase from Bentley Systems's previous quarterly dividend of $0.05. This represents a $0.24 dividend on an annualized basis and a yield of 0.44%. The ex-dividend date of this dividend was Tuesday, March 19th. Bentley Systems's payout ratio is presently 24.24%.

Wall Street Analyst Weigh In

BSY has been the topic of several research analyst reports. William Blair initiated coverage on Bentley Systems in a research note on Thursday, March 28th. They issued an "outperform" rating on the stock. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $61.00 price objective on shares of Bentley Systems in a research note on Wednesday, February 28th. Robert W. Baird raised their price objective on Bentley Systems from $58.00 to $59.00 and gave the company an "outperform" rating in a research note on Tuesday, February 6th. Piper Sandler reaffirmed an "overweight" rating and issued a $60.00 price objective on shares of Bentley Systems in a research note on Wednesday, February 28th. Finally, Rosenblatt Securities raised Bentley Systems from a "neutral" rating to a "buy" rating and lifted their price target for the company from $54.00 to $60.00 in a research note on Monday, February 26th. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $58.44.

Institutional Investors Weigh In On Bentley Systems

A number of hedge funds have recently added to or reduced their stakes in BSY. Private Trust Co. NA increased its holdings in Bentley Systems by 87.3% in the fourth quarter. Private Trust Co. NA now owns 545 shares of the company's stock worth $28,000 after purchasing an additional 254 shares in the last quarter. Fifth Third Bancorp increased its holdings in shares of Bentley Systems by 97.4% during the fourth quarter. Fifth Third Bancorp now owns 752 shares of the company's stock valued at $39,000 after acquiring an additional 371 shares in the last quarter. Van ECK Associates Corp bought a new stake in shares of Bentley Systems during the fourth quarter valued at approximately $72,000. Global Retirement Partners LLC increased its holdings in shares of Bentley Systems by 439.4% during the fourth quarter. Global Retirement Partners LLC now owns 1,505 shares of the company's stock valued at $73,000 after acquiring an additional 1,226 shares in the last quarter. Finally, Principal Securities Inc. bought a new stake in shares of Bentley Systems during the fourth quarter valued at approximately $73,000. 44.16% of the stock is currently owned by institutional investors.

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.