Bentley Systems, Incorporated (NASDAQ:BSY) Director Keith A. Bentley Sells 88,925 Shares

Bentley Systems, Incorporated (NASDAQ:BSYGet Free Report) Director Keith A. Bentley sold 88,925 shares of the company’s stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $49.48, for a total value 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 $849,283,576.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Bentley Systems Trading Down 1.3 %

NASDAQ:BSY traded down $0.66 during trading hours on Monday, reaching $48.74. 832,765 shares of the stock were exchanged, compared to its average volume of 1,073,727. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 1.72. The business has a 50-day moving average of $50.40 and a two-hundred day moving average of $50.62. Bentley Systems, Incorporated has a twelve month low of $37.21 and a twelve month high of $55.37. The company has a market capitalization of $13.93 billion, a price-to-earnings ratio of 49.90, a PEG ratio of 4.94 and a beta of 1.10.

Bentley Systems (NASDAQ:BSYGet Free Report) last released its quarterly earnings results on Tuesday, February 27th. The company reported $0.18 EPS 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 company had revenue of $310.64 million for the quarter, compared to analysts’ expectations of $313.67 million. During the same period in the prior year, the firm earned $0.13 earnings per share. The firm’s revenue was up 8.3% compared to the same quarter last year. On average, equities analysts predict that Bentley Systems, Incorporated will post 0.83 EPS for the current year.

Bentley Systems Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 28th. Shareholders of record on Wednesday, March 20th will be paid a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.49%. This is a boost from Bentley Systems’s previous quarterly dividend of $0.05. The ex-dividend date of this dividend is Tuesday, March 19th. Bentley Systems’s dividend payout ratio is 20.20%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. Royal Bank of Canada restated an “outperform” rating and issued a $61.00 price target on shares of Bentley Systems in a research report on Wednesday, February 28th. Rosenblatt Securities upgraded Bentley Systems from a “neutral” rating to a “buy” rating and upped their price target for the company from $54.00 to $60.00 in a research report on Monday, February 26th. Piper Sandler reiterated an “overweight” rating and issued a $60.00 price objective on shares of Bentley Systems in a research report on Wednesday, February 28th. Finally, Robert W. Baird increased their price objective on Bentley Systems from $58.00 to $59.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 6th. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $58.44.

Get Our Latest Analysis on Bentley Systems

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in BSY. Vanguard Group Inc. raised its stake in shares of Bentley Systems by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 22,117,534 shares of the company’s stock valued at $1,154,093,000 after acquiring an additional 355,092 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its stake in shares of Bentley Systems by 4.5% in the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 13,516,480 shares of the company’s stock valued at $677,987,000 after acquiring an additional 578,512 shares in the last quarter. Artisan Partners Limited Partnership raised its stake in shares of Bentley Systems by 1.9% in the third quarter. Artisan Partners Limited Partnership now owns 5,446,498 shares of the company’s stock valued at $273,196,000 after acquiring an additional 100,207 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of Bentley Systems by 7.6% in the second quarter. Geode Capital Management LLC now owns 3,162,387 shares of the company’s stock valued at $171,225,000 after acquiring an additional 224,108 shares in the last quarter. 44.16% of the stock is currently owned by institutional investors and hedge funds.

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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Insider Buying and Selling by Quarter for Bentley Systems (NASDAQ:BSY)

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