Bentley Systems, Incorporated (NASDAQ:BSY – Get Rating) announced a quarterly dividend on Wednesday, January 25th, Zacks reports. Investors of record on Tuesday, February 21st will be paid a dividend of 0.05 per share on Tuesday, March 7th. This represents a $0.20 dividend on an annualized basis and a yield of 0.52%. The ex-dividend date of this dividend is Friday, February 17th. This is a positive change from Bentley Systems's previous quarterly dividend of $0.03.

Bentley Systems has a payout ratio of 13.6% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Bentley Systems to earn $0.66 per share next year, which means the company should continue to be able to cover its $0.12 annual dividend with an expected future payout ratio of 18.2%.

Bentley Systems Stock Performance

Bentley Systems stock traded down $0.22 during trading on Friday, hitting $38.37. The stock had a trading volume of 11,767 shares, compared to its average volume of 650,376. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 3.42. Bentley Systems has a 1 year low of $26.32 and a 1 year high of $45.70. The stock has a market cap of $10.62 billion, a price-to-earnings ratio of 65.41, a price-to-earnings-growth ratio of 6.93 and a beta of 1.23. The stock's 50 day moving average is $37.88 and its two-hundred day moving average is $36.60.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on BSY shares. Royal Bank of Canada reduced their target price on shares of Bentley Systems from $46.00 to $44.00 and set an "outperform" rating on the stock in a research note on Friday, October 28th. Rosenblatt Securities upped their price objective on shares of Bentley Systems from $37.00 to $39.00 and gave the stock a "buy" rating in a research report on Wednesday, November 9th. Oppenheimer reaffirmed an "outperform" rating and set a $48.00 price target on shares of Bentley Systems in a research note on Tuesday, November 22nd. The Goldman Sachs Group raised shares of Bentley Systems from a "neutral" rating to a "buy" rating and upped their price target for the stock from $38.00 to $44.00 in a research note on Wednesday, November 9th. Finally, Mizuho increased their price objective on shares of Bentley Systems from $40.00 to $45.00 and gave the company a "buy" rating in a research note on Thursday, December 8th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, Bentley Systems has a consensus rating of "Moderate Buy" and an average target price of $46.33.

Insiders Place Their Bets

In other news, CEO Gregory S. Bentley sold 87,531 shares of the company's stock in a transaction on Tuesday, November 8th. The stock was sold at an average price of $36.07, for a total transaction of $3,157,243.17. Following the transaction, the chief executive officer now owns 8,592,671 shares of the company's stock, valued at $309,937,642.97. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CEO Gregory S. Bentley sold 87,531 shares of the business's stock in a transaction on Tuesday, November 8th. The stock was sold at an average price of $36.07, for a total transaction of $3,157,243.17. Following the sale, the chief executive officer now owns 8,592,671 shares in the company, valued at approximately $309,937,642.97. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Kirk B. Griswold sold 35,000 shares of the business's stock in a transaction that occurred on Tuesday, January 3rd. The stock was sold at an average price of $36.82, for a total value of $1,288,700.00. Following the sale, the director now directly owns 502,204 shares of the company's stock, valued at $18,491,151.28. The disclosure for this sale can be found here. Insiders have sold a total of 172,641 shares of company stock valued at $6,366,659 in the last three months. Company insiders own 22.53% of the company's stock.

Institutional Trading of Bentley Systems

Large investors have recently bought and sold shares of the company. Captrust Financial Advisors boosted its position in shares of Bentley Systems by 622.0% in the 1st quarter. Captrust Financial Advisors now owns 12,837 shares of the company's stock worth $567,000 after purchasing an additional 11,059 shares in the last quarter. Guggenheim Capital LLC increased its stake in shares of Bentley Systems by 30.5% in the 1st quarter. Guggenheim Capital LLC now owns 11,862 shares of the company's stock worth $524,000 after purchasing an additional 2,771 shares in the last quarter. Prudential Financial Inc. boosted its holdings in Bentley Systems by 8.9% in the 2nd quarter. Prudential Financial Inc. now owns 14,790 shares of the company's stock worth $500,000 after buying an additional 1,204 shares during the period. Pearl River Capital LLC boosted its holdings in Bentley Systems by 134.2% in the 1st quarter. Pearl River Capital LLC now owns 10,590 shares of the company's stock worth $468,000 after buying an additional 6,069 shares during the period. Finally, HighTower Advisors LLC boosted its holdings in shares of Bentley Systems by 96.7% during the 1st quarter. HighTower Advisors LLC now owns 10,401 shares of the company's stock valued at $459,000 after purchasing an additional 5,114 shares during the last quarter. 36.12% of the stock is owned by institutional investors.

About Bentley Systems

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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 and open simulation applications for infrastructure design integration, which include MicroStation, OpenRoads, OpenRail, OpenPlant, OpenBuildings, OpenBridge, OpenSite, OpenFlows, STAAD and RAM, SACS, MOSES, AutoPIPE, SITEOPS, CUBE, DYNAMEQ, EMME, and LEGION; and geoprofessional applications for modeling and simulation of near and deep subsurface conditions, including Leapfrog, AGS Workbench, GeoStudio, Imago, MX Deposit, Oasis montaj, PLAXIS, and OpenGround.

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