Bentley Systems (BSY) Scheduled to Post Earnings on Tuesday

Bentley Systems (NASDAQ:BSYGet Rating) is scheduled to be issuing its quarterly earnings data before the market opens on Tuesday, May 10th. Analysts expect the company to announce earnings of $0.15 per share for the quarter. Bentley Systems has set its FY 2022 guidance at EPS.Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Bentley Systems (NASDAQ:BSYGet Rating) last announced its quarterly earnings results on Tuesday, March 1st. The company reported $0.18 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.13 by $0.05. The business had revenue of $267.70 million during the quarter, compared to analyst estimates of $262.23 million. Bentley Systems had a return on equity of 56.39% and a net margin of 9.40%. The firm’s revenue was up 21.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.15 EPS. On average, analysts expect Bentley Systems to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Shares of Bentley Systems stock opened at $41.29 on Tuesday. The firm has a market cap of $11.40 billion, a price-to-earnings ratio of 147.46, a P/E/G ratio of 7.19 and a beta of 0.88. The company has a debt-to-equity ratio of 3.50, a current ratio of 1.04 and a quick ratio of 1.04. Bentley Systems has a 52-week low of $34.45 and a 52-week high of $71.92. The stock has a 50-day simple moving average of $40.98 and a 200-day simple moving average of $45.63.

The company 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 of this dividend was Monday, March 7th. This represents a $0.12 annualized dividend and a dividend yield of 0.29%. Bentley Systems’s dividend payout ratio is 42.86%.

In other news, Director Raymond B. Bentley sold 104,340 shares of the business’s stock in a transaction that occurred on Friday, April 22nd. The stock was sold at an average price of $42.73, for a total transaction of $4,458,448.20. Following the sale, the director now directly owns 17,860,832 shares in the company, valued at $763,193,351.36. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Raymond B. Bentley sold 213,547 shares of the business’s stock in a transaction that occurred on Monday, April 25th. The shares were sold at an average price of $42.66, for a total value of $9,109,915.02. Following the sale, the director now owns 17,647,285 shares in the company, valued at $752,833,178.10. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 592,577 shares of company stock worth $25,285,068. 22.53% of the stock is currently owned by company insiders.

Large investors have recently made changes to their positions in the business. Goldman Sachs Group Inc. grew its position in Bentley Systems by 70.9% in the fourth quarter. Goldman Sachs Group Inc. now owns 556,422 shares of the company’s stock valued at $26,892,000 after acquiring an additional 230,790 shares during the period. California State Teachers Retirement System grew its position in Bentley Systems by 6.4% in the fourth quarter. California State Teachers Retirement System now owns 307,942 shares of the company’s stock valued at $14,883,000 after acquiring an additional 18,652 shares during the period. Stifel Financial Corp grew its position in Bentley Systems by 3.7% in the fourth quarter. Stifel Financial Corp now owns 227,427 shares of the company’s stock valued at $10,991,000 after acquiring an additional 8,219 shares during the period. Deutsche Bank AG grew its position in Bentley Systems by 11.4% in the fourth quarter. Deutsche Bank AG now owns 213,512 shares of the company’s stock valued at $10,319,000 after acquiring an additional 21,871 shares during the period. Finally, Sei Investments Co. grew its position in Bentley Systems by 18.1% in the fourth quarter. Sei Investments Co. now owns 185,734 shares of the company’s stock valued at $8,949,000 after acquiring an additional 28,429 shares during the period. Hedge funds and other institutional investors own 33.12% of the company’s stock.

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

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.

Further Reading

Earnings History for Bentley Systems (NASDAQ:BSY)

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