Bentley Systems, Incorporated (NASDAQ:BSY - Get Free Report) Director Keith A. Bentley sold 17,021 shares of the business's stock in a transaction that occurred 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 transaction, the director now owns 17,150,752 shares of the company's stock, valued at $943,291,360. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.
Bentley Systems Stock Down 0.1 %
NASDAQ BSY opened at $54.37 on Friday. The stock 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 12 month low of $40.92 and a 12 month high of $55.37. The stock's 50 day moving average is $50.78 and its 200 day moving average is $50.89. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 1.72.
Bentley Systems (NASDAQ:BSY - Get Free Report) last issued its quarterly earnings data on Tuesday, February 27th. The company reported $0.18 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.18. The business had revenue of $310.64 million for the quarter, compared to analysts' expectations of $313.67 million. Bentley Systems had a return on equity of 33.87% and a net margin of 26.60%. The company's revenue for the quarter was up 8.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.13 EPS. Research analysts predict that Bentley Systems, Incorporated will post 0.82 EPS for the current fiscal year.
Bentley Systems Increases Dividend
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The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Wednesday, March 20th were issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.44%. This is a boost from Bentley Systems's previous quarterly dividend of $0.05. The ex-dividend date of this dividend was Tuesday, March 19th. Bentley Systems's dividend payout ratio is 24.24%.
Institutional Trading of Bentley Systems
Several hedge funds have recently modified their holdings of the company. CWM LLC raised its holdings in Bentley Systems by 192.5% during the 3rd quarter. CWM LLC now owns 2,916 shares of the company's stock valued at $146,000 after buying an additional 1,919 shares during the period. SG Americas Securities LLC purchased a new stake in Bentley Systems during the 3rd quarter valued at $354,000. Handelsbanken Fonder AB raised its holdings in Bentley Systems by 18.8% during the 3rd quarter. Handelsbanken Fonder AB now owns 755,780 shares of the company's stock valued at $37,910,000 after buying an additional 119,480 shares during the period. Simplicity Solutions LLC raised its holdings in Bentley Systems by 10.9% during the 3rd quarter. Simplicity Solutions LLC now owns 4,522 shares of the company's stock valued at $227,000 after buying an additional 445 shares during the period. Finally, Commonwealth Equity Services LLC raised its holdings in Bentley Systems by 36.1% during the 3rd quarter. Commonwealth Equity Services LLC now owns 41,487 shares of the company's stock valued at $2,081,000 after buying an additional 11,012 shares during the period. 44.16% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of research analysts recently issued reports on BSY shares. Robert W. Baird boosted 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 reiterated an "overweight" rating and set a $60.00 price objective on shares of Bentley Systems in a research note on Wednesday, February 28th. Rosenblatt Securities upgraded Bentley Systems from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $54.00 to $60.00 in a research note on Monday, February 26th. Royal Bank of Canada reissued an "outperform" rating and issued a $61.00 price target on shares of Bentley Systems in a report on Wednesday, February 28th. Finally, William Blair started coverage on Bentley Systems in a report on Thursday, March 28th. They issued an "outperform" rating on the stock. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $58.44.
Get Our Latest Analysis on Bentley Systems
About Bentley Systems
(
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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