Bentley Systems (NASDAQ:BSY) CAO Sells $24,091.20 in Stock

Bentley Systems, Incorporated (NASDAQ:BSY) CAO Thomas Trimback sold 560 shares of Bentley Systems stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $43.02, for a total transaction of $24,091.20. Following the completion of the transaction, the chief accounting officer directly owned 13,806 shares of the company’s stock, valued at $593,934.12. This trade represents a 3.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Bentley Systems Stock Down 2.5%

Shares of NASDAQ:BSY traded down $1.02 during trading on Wednesday, reaching $40.52. 1,303,708 shares of the stock traded hands, compared to its average volume of 1,715,636. The stock has a market cap of $11.83 billion, a P/E ratio of 48.24, a price-to-earnings-growth ratio of 3.27 and a beta of 1.12. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.61 and a current ratio of 0.61. The stock has a 50-day moving average of $50.53 and a two-hundred day moving average of $51.81. Bentley Systems, Incorporated has a 52-week low of $36.51 and a 52-week high of $59.25.

Bentley Systems (NASDAQ:BSY) last released its quarterly earnings data on Wednesday, November 5th. The company reported $0.27 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.27. Bentley Systems had a return on equity of 28.16% and a net margin of 18.45%.The business had revenue of $375.55 million for the quarter, compared to analysts’ expectations of $369.57 million. During the same period in the prior year, the firm posted $0.24 EPS. The firm’s quarterly revenue was up 12.0% on a year-over-year basis. As a group, sell-side analysts expect that Bentley Systems, Incorporated will post 0.88 earnings per share for the current fiscal year.

Bentley Systems Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 23rd were issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend was Tuesday, September 23rd. Bentley Systems’s dividend payout ratio is presently 33.33%.

Wall Street Analysts Forecast Growth

BSY has been the subject of several research analyst reports. The Goldman Sachs Group lifted their price objective on Bentley Systems from $42.00 to $47.00 and gave the stock a “sell” rating in a report on Thursday, August 7th. Rosenblatt Securities reaffirmed a “buy” rating and set a $58.00 price target on shares of Bentley Systems in a report on Thursday, November 6th. Robert W. Baird reduced their price target on shares of Bentley Systems from $64.00 to $62.00 and set an “outperform” rating for the company in a research note on Thursday, November 6th. Weiss Ratings restated a “hold (c)” rating on shares of Bentley Systems in a research report on Wednesday, October 8th. Finally, Oppenheimer raised their target price on shares of Bentley Systems from $59.00 to $65.00 and gave the stock an “outperform” rating in a report on Thursday, August 7th. Seven research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $56.73.

Institutional Investors Weigh In On Bentley Systems

Several institutional investors and hedge funds have recently modified their holdings of BSY. Geneos Wealth Management Inc. lifted its holdings in shares of Bentley Systems by 1,529.3% in the first quarter. Geneos Wealth Management Inc. now owns 668 shares of the company’s stock worth $26,000 after buying an additional 627 shares in the last quarter. Baillie Gifford & Co. bought a new stake in Bentley Systems in the 3rd quarter valued at $28,000. National Pension Service purchased a new stake in Bentley Systems in the 3rd quarter worth $28,000. Twin Tree Management LP boosted its holdings in shares of Bentley Systems by 361.9% during the 1st quarter. Twin Tree Management LP now owns 739 shares of the company’s stock valued at $29,000 after purchasing an additional 579 shares during the last quarter. Finally, Larson Financial Group LLC increased its holdings in shares of Bentley Systems by 1,707.1% in the 1st quarter. Larson Financial Group LLC now owns 759 shares of the company’s stock worth $30,000 after buying an additional 717 shares during the last quarter. Institutional investors own 44.16% of the company’s stock.

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 engineering applications, such as MicroStation, OpenBridge, OpenBuildings, OpenCities, OpenComms, OpenFlows, OpenPlant, OpenRail, OpenRoads, OpenSite, OpenTower, OpenTunnel, OpenUtilities, and OpenWindowPower; and open simulation engineering applications, including ADINA, AutoPIPE, CUBE, DYNAMEQ, EMME, LEGION, Power Line Systems, RAM, SACS, SPIDA, and STAAD; and geoprofessional applications for modeling and simulation of near and deep subsurface conditions, including AGS, Central, GeoStudio, Imago, Leapfrog, MX Deposit, Oasis montaj, OpenGround, and PLAXIS.