Bentley Systems, Incorporated (NASDAQ:BSY) Short Interest Up 7.1% in April

Bentley Systems, Incorporated (NASDAQ:BSY - Get Free Report) was the target of a large growth in short interest in April. As of April 15th, there was short interest totalling 9,460,000 shares, a growth of 7.1% from the March 31st total of 8,830,000 shares. Based on an average daily volume of 1,390,000 shares, the days-to-cover ratio is currently 6.8 days. Approximately 7.6% of the company's stock are short sold.

Insider Buying and Selling at Bentley Systems

In other Bentley Systems news, Director Keith A. Bentley sold 17,021 shares of the business's stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $55.00, for a total transaction of $936,155.00. Following the completion of the sale, 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. In other news, Director Keith A. Bentley sold 17,021 shares of the company's stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $55.00, for a total value of $936,155.00. Following the completion of the sale, the director now owns 17,150,752 shares in the company, valued at approximately $943,291,360. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Keith A. Bentley sold 88,925 shares of the company's stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $49.48, for a total transaction of $4,400,009.00. Following the completion of the sale, the director now owns 17,164,179 shares of the company's stock, valued at approximately $849,283,576.92. The disclosure for this sale can be found here. 21.12% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Bentley Systems

Hedge funds have recently bought and sold shares of the business. Private Trust Co. NA increased its position in shares of Bentley Systems by 87.3% during the 4th quarter. Private Trust Co. NA now owns 545 shares of the company's stock valued at $28,000 after purchasing an additional 254 shares during the last quarter. Fifth Third Bancorp increased its position in shares of Bentley Systems by 97.4% during the 4th quarter. Fifth Third Bancorp now owns 752 shares of the company's stock valued at $39,000 after purchasing an additional 371 shares during the last quarter. Benjamin F. Edwards & Company Inc. increased its position in shares of Bentley Systems by 496.0% during the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 900 shares of the company's stock valued at $47,000 after purchasing an additional 749 shares during the last quarter. Van ECK Associates Corp purchased a new stake in shares of Bentley Systems during the 4th quarter valued at about $72,000. Finally, Global Retirement Partners LLC increased its position in shares of Bentley Systems by 439.4% during the 4th quarter. Global Retirement Partners LLC now owns 1,505 shares of the company's stock valued at $73,000 after purchasing an additional 1,226 shares during the last quarter. Hedge funds and other institutional investors own 44.16% of the company's stock.

Bentley Systems Stock Performance

NASDAQ:BSY traded down $1.06 during mid-day trading on Wednesday, reaching $51.47. The company's stock had a trading volume of 1,060,084 shares, compared to its average volume of 1,326,847. Bentley Systems has a 12-month low of $41.44 and a 12-month high of $55.37. The firm's fifty day moving average price is $50.81 and its two-hundred day moving average price is $50.87. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 1.72. The stock has a market cap of $14.71 billion, a P/E ratio of 51.99, a PEG ratio of 5.39 and a beta of 1.10.

Bentley Systems (NASDAQ:BSY - Get Free Report) last issued its earnings results on Tuesday, February 27th. The company reported $0.18 earnings per share for the quarter, hitting analysts' consensus estimates of $0.18. Bentley Systems had a return on equity of 33.87% and a net margin of 26.60%. The business had revenue of $310.64 million during the quarter, compared to analyst estimates of $313.67 million. During the same quarter in the previous year, the firm earned $0.13 EPS. Bentley Systems's revenue was up 8.3% on a year-over-year basis. On average, equities analysts forecast that Bentley Systems will post 0.82 EPS for the current fiscal 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 given a $0.06 dividend. This is a positive change from Bentley Systems's previous quarterly dividend of $0.05. The ex-dividend date of this dividend was Tuesday, March 19th. This represents a $0.24 dividend on an annualized basis and a yield of 0.47%. Bentley Systems's payout ratio is 24.24%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Robert W. Baird raised their price objective on shares of Bentley Systems from $58.00 to $59.00 and gave the company an "outperform" rating in a research report on Tuesday, February 6th. Rosenblatt Securities reaffirmed a "buy" rating and issued a $60.00 target price on shares of Bentley Systems in a research note on Tuesday. Piper Sandler reiterated an "overweight" rating and issued a $60.00 price target on shares of Bentley Systems in a report on Wednesday, February 28th. Royal Bank of Canada restated an "outperform" rating and set a $61.00 target price on shares of Bentley Systems in a report on Wednesday, February 28th. Finally, William Blair started coverage on shares of Bentley Systems in a report on Thursday, March 28th. They set an "outperform" rating on the stock. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $58.44.

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.

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