Insider Selling: Bentley Systems, Incorporated (NASDAQ:BSY) Director Sells 213,547 Shares of Stock

Bentley Systems, Incorporated (NASDAQ:BSYGet Rating) Director Raymond B. Bentley sold 213,547 shares of the firm’s stock in a transaction dated Monday, April 25th. The shares were sold at an average price of $42.66, for a total transaction of $9,109,915.02. Following the completion of the sale, the director now owns 17,647,285 shares of the company’s stock, valued at $752,833,178.10. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Bentley Systems stock traded down $1.84 during mid-day trading on Tuesday, reaching $41.48. The company had a trading volume of 975,711 shares, compared to its average volume of 998,058. Bentley Systems, Incorporated has a fifty-two week low of $34.45 and a fifty-two week high of $71.92. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 3.50. The company has a market cap of $11.45 billion, a P/E ratio of 154.71, a P/E/G ratio of 7.38 and a beta of 0.98. The business has a fifty day simple moving average of $40.57 and a 200 day simple moving average of $46.16.

Bentley Systems (NASDAQ:BSYGet Rating) last issued its earnings results on Tuesday, March 1st. The company reported $0.18 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.05. The firm had revenue of $267.70 million for the quarter, compared to analyst estimates of $262.23 million. Bentley Systems had a net margin of 9.40% and a return on equity of 56.39%. The company’s quarterly revenue was up 21.9% on a year-over-year basis. During the same quarter last year, the business posted $0.15 earnings per share. Research analysts forecast that Bentley Systems, Incorporated will post 0.57 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 15th. Stockholders of record on Tuesday, March 8th were issued a dividend of $0.03 per share. The ex-dividend date was Monday, March 7th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.29%. Bentley Systems’s dividend payout ratio (DPR) is presently 42.86%.

Several equities research analysts recently issued reports on BSY shares. Mizuho cut their target price on shares of Bentley Systems from $65.00 to $60.00 in a research note on Tuesday, January 18th. KeyCorp cut their target price on shares of Bentley Systems from $72.00 to $50.00 and set an “overweight” rating for the company in a research note on Wednesday, March 2nd. Zacks Investment Research downgraded shares of Bentley Systems from a “hold” rating to a “sell” rating in a research note on Wednesday, March 9th. The Goldman Sachs Group lowered their price target on shares of Bentley Systems from $60.00 to $52.00 in a report on Tuesday, March 1st. Finally, Royal Bank of Canada lowered their price target on shares of Bentley Systems from $65.00 to $55.00 and set an “outperform” rating on the stock in a report on Wednesday, March 2nd. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, Bentley Systems has a consensus rating of “Buy” and an average price target of $57.50.

Large investors have recently modified their holdings of the company. Covestor Ltd acquired a new position in shares of Bentley Systems during the fourth quarter worth $30,000. National Bank of Canada FI acquired a new position in shares of Bentley Systems during the fourth quarter worth $31,000. CI Investments Inc. acquired a new position in shares of Bentley Systems during the third quarter worth $37,000. Tobam acquired a new position in shares of Bentley Systems during the fourth quarter worth $40,000. Finally, Neo Ivy Capital Management acquired a new position in Bentley Systems in the fourth quarter valued at $42,000. Institutional investors own 34.00% of the company’s stock.

Bentley Systems Company Profile (Get Rating)

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

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