Bentley Systems, Incorporated (NASDAQ:BSY – Get Free Report) insider Michael M. Campbell sold 14,934 shares of the stock in a transaction that occurred on Thursday, September 7th. The stock was sold at an average price of $49.81, for a total value of $743,862.54. Following the transaction, the insider now directly owns 70,063 shares of the company’s stock, valued at $3,489,838.03. The sale was disclosed in a filing with the SEC, which is available at this link.
Bentley Systems Price Performance
Shares of NASDAQ:BSY opened at $49.02 on Friday. The business’s fifty day moving average price is $50.71 and its two-hundred day moving average price is $46.94. The stock has a market cap of $13.89 billion, a PE ratio of 100.04, a price-to-earnings-growth ratio of 8.59 and a beta of 1.21. The company has a debt-to-equity ratio of 2.53, a quick ratio of 0.55 and a current ratio of 0.55. Bentley Systems, Incorporated has a one year low of $30.51 and a one year high of $55.37.
Bentley Systems (NASDAQ:BSY – Get Free Report) last announced its earnings results on Tuesday, August 8th. The company reported $0.20 EPS for the quarter, beating analysts’ consensus estimates of $0.15 by $0.05. The firm had revenue of $296.75 million for the quarter, compared to analysts’ expectations of $295.78 million. Bentley Systems had a return on equity of 36.80% and a net margin of 13.45%. On average, analysts forecast that Bentley Systems, Incorporated will post 0.7 EPS for the current fiscal year.
Bentley Systems Dividend Announcement
Institutional Investors Weigh In On Bentley Systems
A number of large investors have recently bought and sold shares of the stock. Commerce Bank boosted its holdings in shares of Bentley Systems by 19.2% during the fourth quarter. Commerce Bank now owns 9,369 shares of the company’s stock worth $346,000 after purchasing an additional 1,510 shares during the last quarter. Pacer Advisors Inc. boosted its holdings in shares of Bentley Systems by 197.0% during the first quarter. Pacer Advisors Inc. now owns 3,285 shares of the company’s stock worth $141,000 after purchasing an additional 2,179 shares during the last quarter. Machina Capital S.A.S. acquired a new stake in shares of Bentley Systems during the first quarter worth $30,000. Prudential PLC acquired a new stake in shares of Bentley Systems during the fourth quarter worth $373,000. Finally, Clearbridge Investments LLC acquired a new stake in shares of Bentley Systems during the fourth quarter worth $57,710,000. Institutional investors and hedge funds own 44.16% of the company’s stock.
Analyst Ratings Changes
A number of equities analysts have recently issued reports on BSY shares. Rosenblatt Securities reissued a “neutral” rating and set a $47.00 target price on shares of Bentley Systems in a research note on Tuesday, August 8th. Royal Bank of Canada increased their target price on Bentley Systems from $53.00 to $59.00 and gave the stock an “outperform” rating in a research note on Monday, August 7th. KeyCorp increased their target price on Bentley Systems from $53.00 to $61.00 in a research note on Thursday, July 20th. Piper Sandler restated an “overweight” rating and issued a $60.00 price target on shares of Bentley Systems in a report on Thursday, August 10th. Finally, Oppenheimer upped their price target on Bentley Systems from $63.00 to $64.00 and gave the stock an “outperform” rating in a report on Wednesday, August 9th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $55.67.
About Bentley Systems
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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