Insider Selling: Bentley Systems, Incorporated (NASDAQ:BSY) Director Sells 2,193 Shares of Stock

Bentley Systems, Incorporated (NASDAQ:BSY) Director Brian F. Hughes sold 2,193 shares of the firm’s stock in a transaction dated Monday, September 13th. The shares were sold at an average price of $69.20, for a total value of $151,755.60. Following the transaction, the director now directly owns 20,000 shares in the company, valued at $1,384,000. The sale was disclosed in a document filed with the SEC, which is available at this link.

Shares of BSY stock traded up $2.05 during trading hours on Wednesday, reaching $71.20. The company’s stock had a trading volume of 96,295 shares, compared to its average volume of 1,202,788. The stock has a market capitalization of $19.23 billion and a P/E ratio of 137.98. Bentley Systems, Incorporated has a one year low of $27.00 and a one year high of $70.00. The firm’s fifty day simple moving average is $63.65 and its 200 day simple moving average is $56.60. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 2.69.

Bentley Systems (NASDAQ:BSY) last issued its quarterly earnings data on Monday, August 9th. The company reported $0.23 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.15 by $0.08. The firm had revenue of $222.90 million for the quarter, compared to analyst estimates of $213.45 million. Bentley Systems had a return on equity of 74.37% and a net margin of 18.38%. Bentley Systems’s quarterly revenue was up 20.9% on a year-over-year basis. As a group, equities research analysts forecast that Bentley Systems, Incorporated will post 0.64 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 9th. Stockholders of record on Wednesday, September 1st were given a $0.03 dividend. The ex-dividend date was Tuesday, August 31st. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.17%. Bentley Systems’s dividend payout ratio is currently 21.43%.

A number of equities analysts recently weighed in on BSY shares. Griffin Securities started coverage on Bentley Systems in a report on Friday, July 16th. They set a “neutral” rating and a $59.47 price objective on the stock. Mizuho raised their price objective on Bentley Systems from $53.00 to $74.00 and gave the company a “buy” rating in a report on Monday, June 14th. Royal Bank of Canada raised their price objective on Bentley Systems from $52.00 to $70.00 and gave the company an “outperform” rating in a report on Monday, August 9th. Zacks Investment Research raised Bentley Systems from a “hold” rating to a “buy” rating and set a $70.00 price target on the stock in a research note on Wednesday, August 18th. Finally, Robert W. Baird lifted their price target on Bentley Systems from $50.00 to $60.00 and gave the stock an “outperform” rating in a research note on Thursday, July 22nd. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $57.61.

Hedge funds have recently modified their holdings of the company. Captrust Financial Advisors boosted its position in shares of Bentley Systems by 906.8% during the first quarter. Captrust Financial Advisors now owns 745 shares of the company’s stock valued at $35,000 after purchasing an additional 671 shares in the last quarter. Lazard Asset Management LLC bought a new stake in shares of Bentley Systems during the first quarter valued at approximately $43,000. Shell Asset Management Co. bought a new stake in shares of Bentley Systems during the second quarter valued at approximately $46,000. PNC Financial Services Group Inc. bought a new stake in shares of Bentley Systems during the second quarter valued at approximately $52,000. Finally, Acadian Asset Management LLC bought a new stake in shares of Bentley Systems during the first quarter valued at approximately $58,000. Hedge funds and other institutional investors own 32.44% of the company’s stock.

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 and open simulation applications for infrastructure design integration, which include MicroStation, OpenRoads, OpenRail, OpenPlant, OpenBuildings, OpenBridge, OpenSite, OpenWindPower, OpenTower, STAAD and RAM, LEAP and RM, SACS, MOSES, PLAXIS, SITEOPS, AutoPIPE, and LumenRT.

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Insider Buying and Selling by Quarter for Bentley Systems (NASDAQ:BSY)

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