Bentley Systems, Incorporated (NASDAQ:BSY - Get Free Report) Director Raymond B. Bentley sold 249,689 shares of the stock in a transaction on Wednesday, June 18th. The shares were sold at an average price of $50.65, for a total value of $12,646,747.85. Following the completion of the transaction, the director now directly owns 15,469,538 shares in the company, valued at approximately $783,532,099.70. This represents a 1.59% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Bentley Systems Trading Up 0.4%
Shares of Bentley Systems stock traded up $0.21 during trading on Thursday, reaching $52.63. 1,229,630 shares of the stock were exchanged, compared to its average volume of 1,226,928. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 1.13. The stock's fifty day moving average is $47.36 and its 200 day moving average is $45.61. The firm has a market cap of $15.36 billion, a price-to-earnings ratio of 66.62, a price-to-earnings-growth ratio of 4.40 and a beta of 1.07. Bentley Systems, Incorporated has a 1 year low of $36.51 and a 1 year high of $52.97.
Bentley Systems (NASDAQ:BSY - Get Free Report) last posted its earnings results on Wednesday, May 7th. The company reported $0.35 earnings per share for the quarter, topping analysts' consensus estimates of $0.30 by $0.05. The company had revenue of $370.54 million during the quarter, compared to analyst estimates of $366.76 million. Bentley Systems had a net margin of 18.46% and a return on equity of 29.18%. Bentley Systems's revenue for the quarter was up 9.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.31 earnings per share. As a group, equities research analysts expect that Bentley Systems, Incorporated will post 0.88 earnings per share for the current fiscal year.
Bentley Systems Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 12th. Shareholders of record on Tuesday, June 3rd were issued a $0.07 dividend. The ex-dividend date of this dividend was Tuesday, June 3rd. This represents a $0.28 annualized dividend and a yield of 0.53%. Bentley Systems's dividend payout ratio (DPR) is presently 35.44%.
Institutional Trading of Bentley Systems
Institutional investors and hedge funds have recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. lifted its holdings in Bentley Systems by 1.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,052,704 shares of the company's stock worth $49,161,000 after buying an additional 15,372 shares during the period. Proficio Capital Partners LLC purchased a new stake in Bentley Systems in the fourth quarter worth about $809,000. Bank of New York Mellon Corp lifted its holdings in Bentley Systems by 10.2% in the fourth quarter. Bank of New York Mellon Corp now owns 1,053,762 shares of the company's stock worth $49,211,000 after buying an additional 97,950 shares during the period. Two Sigma Investments LP lifted its holdings in Bentley Systems by 42.3% in the fourth quarter. Two Sigma Investments LP now owns 42,700 shares of the company's stock worth $1,994,000 after buying an additional 12,689 shares during the period. Finally, Bright Rock Capital Management LLC purchased a new stake in Bentley Systems in the first quarter worth about $1,967,000. 44.16% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of research analysts have recently issued reports on the company. UBS Group raised their price objective on Bentley Systems from $48.00 to $53.00 and gave the company a "neutral" rating in a research note on Thursday, May 8th. JPMorgan Chase & Co. reduced their price objective on Bentley Systems from $52.00 to $45.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 9th. Wall Street Zen raised Bentley Systems from a "hold" rating to a "buy" rating in a research note on Sunday. The Goldman Sachs Group cut Bentley Systems from a "neutral" rating to a "sell" rating and reduced their price objective for the company from $51.00 to $42.00 in a research note on Friday, February 28th. Finally, Mizuho reduced their price objective on Bentley Systems from $60.00 to $50.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 15th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $52.00.
Read Our Latest Stock Report on BSY
Bentley Systems Company Profile
(
Get Free Report)
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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