Bentley Systems, Incorporated (NASDAQ:BSY) Director Keith A. Bentley Sells 1,152 Shares

Bentley Systems, Incorporated (NASDAQ:BSY) Director Keith A. Bentley sold 1,152 shares of the stock in a transaction on Friday, January 24th. The stock was sold at an average price of $46.33, for a total transaction of $53,372.16. Following the completion of the sale, the director now owns 16,703,876 shares in the company, valued at approximately $773,890,575.08. This trade represents a 0.01 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Bentley Systems Stock Down 2.1 %

Shares of Bentley Systems stock opened at $45.58 on Thursday. The firm has a market cap of $13.25 billion, a PE ratio of 41.06, a P/E/G ratio of 3.48 and a beta of 1.04. The business’s 50 day simple moving average is $47.56 and its 200 day simple moving average is $48.64. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.52 and a current ratio of 0.52. Bentley Systems, Incorporated has a 52-week low of $43.82 and a 52-week high of $57.19.

Bentley Systems (NASDAQ:BSY) last announced its quarterly earnings data on Thursday, November 7th. The company reported $0.24 EPS for the quarter, hitting analysts’ consensus estimates of $0.24. The business had revenue of $335.17 million for the quarter, compared to analyst estimates of $340.36 million. Bentley Systems had a net margin of 27.73% and a return on equity of 29.50%. The firm’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.18 earnings per share. On average, analysts predict that Bentley Systems, Incorporated will post 0.88 earnings per share for the current fiscal year.

Bentley Systems Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Tuesday, December 3rd were given a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.53%. The ex-dividend date was Tuesday, December 3rd. Bentley Systems’s dividend payout ratio is currently 21.62%.

Analyst Ratings Changes

Several analysts recently commented on the company. Piper Sandler dropped their price objective on Bentley Systems from $65.00 to $57.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 8th. JPMorgan Chase & Co. assumed coverage on Bentley Systems in a report on Monday, December 9th. They set a “neutral” rating and a $52.00 price objective on the stock. Finally, Rosenblatt Securities reissued a “buy” rating and set a $62.00 target price on shares of Bentley Systems in a research note on Friday, November 8th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $57.29.

Institutional Trading of Bentley Systems

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Dimensional Fund Advisors LP increased its holdings in Bentley Systems by 21.2% during the second quarter. Dimensional Fund Advisors LP now owns 757,084 shares of the company’s stock worth $37,372,000 after buying an additional 132,311 shares during the last quarter. MBB Public Markets I LLC acquired a new position in shares of Bentley Systems during the 2nd quarter worth about $692,000. Susquehanna Fundamental Investments LLC raised its holdings in shares of Bentley Systems by 86.9% in the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 105,661 shares of the company’s stock valued at $5,215,000 after purchasing an additional 49,135 shares during the period. Creative Planning lifted its stake in Bentley Systems by 67.9% in the 2nd quarter. Creative Planning now owns 1,091,058 shares of the company’s stock valued at $53,855,000 after purchasing an additional 441,316 shares during the last quarter. Finally, Magnolia Capital Advisors LLC grew its holdings in Bentley Systems by 5.4% during the second quarter. Magnolia Capital Advisors LLC now owns 4,895 shares of the company’s stock worth $242,000 after purchasing an additional 249 shares during the period. Institutional investors own 44.16% of the company’s stock.

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.