Bentley Systems, Incorporated (NASDAQ:BSY – Get Rating) CEO Gregory S. Bentley sold 50,110 shares of the stock in a transaction that occurred on Tuesday, January 24th. The shares were sold at an average price of $38.33, for a total transaction of $1,920,716.30. Following the completion of the transaction, the chief executive officer now directly owns 8,297,842 shares of the company's stock, valued at approximately $318,056,283.86. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.
Bentley Systems Trading Up 1.4 %
Shares of Bentley Systems stock traded up $0.53 during midday trading on Thursday, reaching $38.59. The company had a trading volume of 581,424 shares, compared to its average volume of 687,943. The stock has a fifty day moving average price of $37.88 and a 200 day moving average price of $36.58. Bentley Systems, Incorporated has a fifty-two week low of $26.32 and a fifty-two week high of $45.70. The firm has a market cap of $10.68 billion, a PE ratio of 64.51, a P/E/G ratio of 6.68 and a beta of 1.23. The company has a debt-to-equity ratio of 3.42, a current ratio of 0.57 and a quick ratio of 0.57.
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Bentley Systems (NASDAQ:BSY – Get Rating) last issued its quarterly earnings results on Tuesday, November 8th. The company reported $0.14 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.13 by $0.01. Bentley Systems had a net margin of 17.37% and a return on equity of 49.27%. The firm had revenue of $268.33 million for the quarter, compared to the consensus estimate of $268.93 million. On average, equities analysts anticipate that Bentley Systems, Incorporated will post 0.65 earnings per share for the current year.
Bentley Systems Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Thursday, December 8th. Shareholders of record on Wednesday, November 30th were given a dividend of $0.03 per share. The ex-dividend date was Tuesday, November 29th. This represents a $0.12 dividend on an annualized basis and a yield of 0.31%. Bentley Systems's dividend payout ratio (DPR) is currently 20.34%.
Analysts Set New Price Targets
Several research analysts have recently issued reports on the stock. The Goldman Sachs Group upgraded 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 report on Wednesday, November 9th. Royal Bank of Canada dropped their target price on Bentley Systems from $46.00 to $44.00 and set an "outperform" rating for the company in a research report on Friday, October 28th. Rosenblatt Securities boosted their price target on Bentley Systems from $37.00 to $39.00 and gave the stock a "buy" rating in a report on Wednesday, November 9th. Mizuho upped their price objective on Bentley Systems from $40.00 to $45.00 and gave the company a "buy" rating in a research note on Thursday, December 8th. Finally, Oppenheimer reiterated an "outperform" rating and set a $48.00 target price on shares of Bentley Systems in a research report on Tuesday, November 22nd. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $46.33.
Institutional Inflows and Outflows
Several hedge funds have recently made changes to their positions in the business. CWM LLC increased its stake in shares of Bentley Systems by 67.3% in the 3rd quarter. CWM LLC now owns 885 shares of the company's stock valued at $27,000 after acquiring an additional 356 shares in the last quarter. Whittier Trust Co. of Nevada Inc. boosted its position in shares of Bentley Systems by 181.4% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 830 shares of the company's stock worth $28,000 after purchasing an additional 535 shares in the last quarter. Nisa Investment Advisors LLC acquired a new stake in shares of Bentley Systems in the 3rd quarter valued at about $30,000. First Horizon Advisors Inc. increased its position in Bentley Systems by 209.9% in the 2nd quarter. First Horizon Advisors Inc. now owns 973 shares of the company's stock valued at $32,000 after buying an additional 659 shares in the last quarter. Finally, Eagle Bay Advisors LLC acquired a new position in Bentley Systems during the 2nd quarter worth approximately $42,000. 36.12% of the stock is owned by institutional investors.
Bentley Systems Company Profile
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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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