Bentley Systems, Incorporated (NASDAQ:BSY) Director Keith A. Bentley Sells 69,573 Shares

Bentley Systems, Incorporated (NASDAQ:BSY) Director Keith A. Bentley sold 69,573 shares of Bentley Systems stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $46.67, for a total value of $3,246,971.91. Following the sale, the director now directly owns 16,705,028 shares in the company, valued at approximately $779,623,656.76. The trade was a 0.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Bentley Systems Price Performance

Shares of NASDAQ:BSY opened at $46.87 on Tuesday. The business has a fifty day moving average price of $48.34 and a 200-day moving average price of $49.01. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.52 and a quick ratio of 0.52. The company has a market capitalization of $13.63 billion, a PE ratio of 42.23, a PEG ratio of 4.04 and a beta of 1.04. Bentley Systems, Incorporated has a 1-year low of $43.82 and a 1-year high of $57.19.

Bentley Systems (NASDAQ:BSY) last released its quarterly earnings data on Thursday, November 7th. The company reported $0.24 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.24. Bentley Systems had a net margin of 27.73% and a return on equity of 29.50%. The business had revenue of $335.17 million during the quarter, compared to analyst estimates of $340.36 million. During the same period last year, the business earned $0.18 EPS. Bentley Systems’s revenue was up 9.3% compared to the same quarter last year. As a group, equities analysts expect that Bentley Systems, Incorporated will post 0.88 EPS for the current fiscal year.

Bentley Systems Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Tuesday, December 3rd were given a $0.06 dividend. The ex-dividend date was Tuesday, December 3rd. This represents a $0.24 annualized dividend and a yield of 0.51%. Bentley Systems’s dividend payout ratio (DPR) is presently 21.62%.

Wall Street Analysts Forecast Growth

BSY has been the topic of several research reports. Piper Sandler lifted their price target on Bentley Systems from $63.00 to $65.00 and gave the company an “overweight” rating in a research report on Friday, November 8th. Rosenblatt Securities restated a “buy” rating and set a $62.00 target price on shares of Bentley Systems in a report on Friday, November 8th. Finally, JPMorgan Chase & Co. started coverage on shares of Bentley Systems in a research note on Monday, December 9th. They issued a “neutral” rating and a $52.00 price target for the company. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, Bentley Systems has an average rating of “Moderate Buy” and an average price target of $58.43.

Institutional Trading of Bentley Systems

Several institutional investors have recently added to or reduced their stakes in BSY. Allspring Global Investments Holdings LLC lifted its stake in Bentley Systems by 4,618.2% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 519 shares of the company’s stock valued at $26,000 after acquiring an additional 508 shares during the period. Principal Financial Group Inc. boosted its holdings in Bentley Systems by 3.9% in the second quarter. Principal Financial Group Inc. now owns 169,741 shares of the company’s stock worth $8,378,000 after purchasing an additional 6,428 shares during the last quarter. Van ECK Associates Corp grew its position in Bentley Systems by 843.3% in the 2nd quarter. Van ECK Associates Corp now owns 29,206 shares of the company’s stock worth $1,441,000 after purchasing an additional 26,110 shares during the period. CIBC Asset Management Inc grew its position in Bentley Systems by 25.4% in the 2nd quarter. CIBC Asset Management Inc now owns 8,825 shares of the company’s stock worth $436,000 after purchasing an additional 1,787 shares during the period. Finally, Acadian Asset Management LLC purchased a new stake in Bentley Systems during the 2nd quarter valued at $43,000. 44.16% of the stock is currently owned by hedge funds and other institutional investors.

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.