Bentley Systems, Incorporated (NASDAQ:BSY) Director Keith A. Bentley Sells 17,021 Shares

Bentley Systems, Incorporated (NASDAQ:BSY) Director Keith A. Bentley sold 17,021 shares of Bentley Systems stock in a transaction 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 completion of the transaction, the director now owns 17,150,752 shares in the company, valued at approximately $943,291,360. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Bentley Systems Trading Down 0.7 %

NASDAQ BSY opened at $53.99 on Friday. The business’s 50-day moving average price is $50.80 and its two-hundred day moving average price is $50.89. Bentley Systems, Incorporated has a 12 month low of $41.44 and a 12 month high of $55.37. The firm has a market capitalization of $15.43 billion, a PE ratio of 54.54, a price-to-earnings-growth ratio of 5.48 and a beta of 1.10. 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) last released its quarterly earnings results on Tuesday, February 27th. The company reported $0.18 EPS for the quarter, meeting analysts’ consensus estimates of $0.18. Bentley Systems had a return on equity of 33.87% and a net margin of 26.60%. The firm had revenue of $310.64 million for the quarter, compared to analyst estimates of $313.67 million. During the same quarter in the previous year, the company posted $0.13 EPS. The business’s revenue was up 8.3% on a year-over-year basis. On average, analysts expect that Bentley Systems, Incorporated will post 0.82 EPS for the current year.

Bentley Systems Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Wednesday, March 20th were given a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.44%. The ex-dividend date of this dividend was Tuesday, March 19th. This is a positive change from Bentley Systems’s previous quarterly dividend of $0.05. Bentley Systems’s payout ratio is 24.24%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Robert W. Baird lifted their price target 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 issued a $60.00 price target on shares of Bentley Systems in a research note on Wednesday, February 28th. Royal Bank of Canada reiterated an “outperform” rating and issued a $61.00 price target 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 lifted their price target for the company from $54.00 to $60.00 in a research note on Monday, February 26th. Finally, William Blair began coverage on Bentley Systems in a research report on Thursday, March 28th. They set an “outperform” rating on the stock. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, Bentley Systems presently has a consensus rating of “Moderate Buy” and a consensus price target of $58.44.

Institutional Investors Weigh In On Bentley Systems

Institutional investors have recently made changes to their positions in the stock. Private Trust Co. NA grew its position in shares of Bentley Systems by 87.3% in the 4th quarter. Private Trust Co. NA now owns 545 shares of the company’s stock valued at $28,000 after buying an additional 254 shares during the last quarter. Fifth Third Bancorp lifted its stake in shares of Bentley Systems by 97.4% in the 4th quarter. Fifth Third Bancorp now owns 752 shares of the company’s stock valued at $39,000 after purchasing an additional 371 shares during the period. Van ECK Associates Corp acquired a new position in shares of Bentley Systems in the 4th quarter valued at about $72,000. Global Retirement Partners LLC lifted its stake in shares of Bentley Systems by 439.4% in the 4th quarter. Global Retirement Partners LLC now owns 1,505 shares of the company’s stock valued at $73,000 after purchasing an additional 1,226 shares during the period. Finally, Principal Securities Inc. acquired a new position in shares of Bentley Systems in the 4th quarter valued at about $73,000. Institutional investors own 44.16% of the company’s stock.

About Bentley Systems

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.