Key Points
- CFO Werner Andre sold 10,000 Bentley Systems shares at an average price of $45, totaling $450,000; he retained 367,843 shares after the sale.
- Bentley Systems reported quarterly EPS of $0.36, topping the $0.33 consensus, while revenue rose 12.2% year over year to $421.51 million.
- Analysts maintain a “Moderate Buy” consensus, with an average price target of $46.67; several firms recently raised their targets to between $52 and $55.
Bentley Systems, Incorporated (NASDAQ:BSY - Get Free Report) CFO Werner Andre sold 10,000 shares of the stock in a transaction dated Friday, November 6th. The shares were sold at an average price of $45.00, for a total value of $450,000.00. Following the completion of the transaction, the chief financial officer directly owned 367,843 shares of the company's stock, valued at $16,552,935. This represents a 2.65% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.
Bentley Systems Stock Down 0.4%
BSY stock opened at $45.24 on Wednesday. The company has a market capitalization of $13.16 billion, a P/E ratio of 44.35, a PEG ratio of 2.82 and a beta of 0.98. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.90. Bentley Systems, Incorporated has a twelve month low of $28.08 and a twelve month high of $48.17. The firm has a 50 day simple moving average of $35.94 and a 200-day simple moving average of $34.58.
Bentley Systems (NASDAQ:BSY - Get Free Report) last released its earnings results on Thursday, November 5th. The company reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.03. The company had revenue of $421.51 million during the quarter, compared to the consensus estimate of $420.69 million. Bentley Systems had a net margin of 19.57% and a return on equity of 29.99%. The company's revenue was up 12.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.27 EPS. On average, equities research analysts predict that Bentley Systems, Incorporated will post 1.20 earnings per share for the current fiscal year.
Bentley Systems Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 29th. Investors of record on Tuesday, September 22nd were paid a dividend of $0.07 per share. The ex-dividend date was Tuesday, September 22nd. This represents a $0.28 annualized dividend and a yield of 0.6%. Bentley Systems's dividend payout ratio (DPR) is 27.45%.
Institutional Trading of Bentley Systems
Hedge funds have recently made changes to their positions in the stock. Voya Investment Management LLC grew its stake in Bentley Systems by 9.3% during the 3rd quarter. Voya Investment Management LLC now owns 117,391 shares of the company's stock worth $3,751,000 after buying an additional 10,025 shares during the last quarter. Public Sector Pension Investment Board bought a new stake in Bentley Systems in the third quarter valued at $3,537,000. South Dakota Investment Council bought a new stake in Bentley Systems in the third quarter valued at $914,000. Montanaro Asset Management Ltd lifted its stake in Bentley Systems by 1.5% in the third quarter. Montanaro Asset Management Ltd now owns 386,383 shares of the company's stock valued at $12,345,000 after buying an additional 5,550 shares during the last quarter. Finally, Bessemer Group Inc. boosted its holdings in shares of Bentley Systems by 17.0% during the third quarter. Bessemer Group Inc. now owns 2,404,153 shares of the company's stock valued at $76,813,000 after acquiring an additional 348,786 shares during the period. Institutional investors own 44.16% of the company's stock.
Analyst Upgrades and Downgrades
A number of research firms have commented on BSY. Cantor Fitzgerald lifted their price objective on shares of Bentley Systems from $42.00 to $55.00 and gave the stock an "overweight" rating in a report on Friday, November 6th. Royal Bank Of Canada increased their target price on shares of Bentley Systems from $48.00 to $52.00 and gave the stock an "outperform" rating in a report on Friday, November 6th. Rosenblatt Securities raised their price target on shares of Bentley Systems from $50.00 to $53.00 and gave the stock a "buy" rating in a research report on Friday, November 6th. Weiss Ratings raised shares of Bentley Systems from a "hold (c-)" rating to a "hold (c)" rating in a report on Monday, October 19th. Finally, Oppenheimer boosted their price objective on shares of Bentley Systems from $43.00 to $52.00 and gave the company an "outperform" rating in a research report on Friday. Nine analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $46.67.
Read Our Latest Stock Analysis on BSY
About Bentley Systems
(
Get Free Report)
Bentley Systems develops software for professionals who design, build, and operate infrastructure. Its customers include engineering firms, architects, construction companies, and infrastructure owners and operators working on projects such as roads, railways, buildings, utilities, and industrial facilities. The company's products support computer-aided design, project collaboration, infrastructure asset management, and digital twin development. Its software portfolio includes MicroStation for design and modeling, ProjectWise for project information management, and the iTwin platform for creating and working with digital representations of infrastructure assets.
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