Bentley Systems, Incorporated (NASDAQ:BSY) Director Barry J. Bentley Sells 50,000 Shares of Stock

Bentley Systems, Incorporated (NASDAQ:BSY) Director Barry J. Bentley sold 50,000 shares of Bentley Systems stock in a transaction dated Monday, October 21st. The stock was sold at an average price of $49.44, for a total value of $2,472,000.00. Following the transaction, the director now directly owns 12,098,235 shares in the company, valued at $598,136,738.40. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Bentley Systems Stock Down 0.9 %

BSY stock opened at $49.19 on Thursday. The stock’s 50 day simple moving average is $49.80 and its 200 day simple moving average is $50.51. The company has a market cap of $14.19 billion, a P/E ratio of 45.97, a price-to-earnings-growth ratio of 4.09 and a beta of 1.03. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.49 and a current ratio of 0.49. Bentley Systems, Incorporated has a fifty-two week low of $43.82 and a fifty-two week high of $57.19.

Bentley Systems (NASDAQ:BSY) last released its quarterly earnings data on Tuesday, August 6th. The company reported $0.31 EPS for the quarter, beating the consensus estimate of $0.23 by $0.08. Bentley Systems had a return on equity of 31.71% and a net margin of 29.17%. The firm had revenue of $330.34 million during the quarter, compared to the consensus estimate of $325.20 million. During the same quarter in the previous year, the company posted $0.20 earnings per share. The company’s quarterly revenue was up 11.3% on a year-over-year basis. On average, research analysts expect that Bentley Systems, Incorporated will post 0.9 earnings per share for the current fiscal year.

Bentley Systems Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 26th. Shareholders of record on Tuesday, September 17th were paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.49%. The ex-dividend date of this dividend was Tuesday, September 17th. Bentley Systems’s dividend payout ratio (DPR) is 22.43%.

Institutional Investors Weigh In On Bentley Systems

A number of institutional investors and hedge funds have recently made changes to their positions in BSY. Advisor OS LLC raised its position in Bentley Systems by 0.7% in the 2nd quarter. Advisor OS LLC now owns 30,983 shares of the company’s stock valued at $1,529,000 after buying an additional 226 shares during the last quarter. Magnolia Capital Advisors LLC increased its position in shares of Bentley Systems by 5.4% during the 2nd quarter. Magnolia Capital Advisors LLC now owns 4,895 shares of the company’s stock valued at $242,000 after purchasing an additional 249 shares during the last quarter. GAMMA Investing LLC increased its holdings in Bentley Systems by 90.1% during the second quarter. GAMMA Investing LLC now owns 576 shares of the company’s stock worth $28,000 after buying an additional 273 shares during the last quarter. WR Wealth Planners LLC increased its stake in shares of Bentley Systems by 4.5% during the 2nd quarter. WR Wealth Planners LLC now owns 6,435 shares of the company’s stock worth $318,000 after purchasing an additional 275 shares during the last quarter. Finally, Central Pacific Bank Trust Division increased its position in Bentley Systems by 57.1% in the third quarter. Central Pacific Bank Trust Division now owns 759 shares of the company’s stock worth $39,000 after buying an additional 276 shares during the last quarter. Institutional investors and hedge funds own 44.16% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on BSY shares. The Goldman Sachs Group cut their price objective on Bentley Systems from $57.00 to $50.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 7th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $62.00 price objective on shares of Bentley Systems in a research note on Monday, September 16th. Piper Sandler reissued an “overweight” rating and issued a $63.00 price objective on shares of Bentley Systems in a research report on Wednesday, August 7th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $61.00 price objective on shares of Bentley Systems in a research note on Wednesday, August 7th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $59.57.

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.