Bentley Systems (NASDAQ:BSY) CFO Werner Andre Sells 10,000 Shares of Stock

Bentley Systems, Incorporated (NASDAQ:BSY) CFO Werner Andre sold 10,000 shares of the stock in a transaction that occurred on Friday, November 6th. The stock was sold at an average price of $45.00, for a total value of $450,000.00. Following the completion of the transaction, the chief financial officer owned 367,843 shares of the company’s stock, valued at $16,552,935. The trade was a 2.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Bentley Systems Stock Down 0.4%

Shares of BSY opened at $45.24 on Wednesday. Bentley Systems, Incorporated has a 12-month low of $28.08 and a 12-month high of $48.17. The firm has a market cap of $13.16 billion, a P/E ratio of 44.35, a price-to-earnings-growth ratio of 2.82 and a beta of 0.98. The company’s 50-day moving average price is $35.94 and its 200 day moving average price is $34.58. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.90.

Bentley Systems (NASDAQ:BSY) last issued its quarterly earnings results on Thursday, November 5th. The company reported $0.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.03. Bentley Systems had a net margin of 19.57% and a return on equity of 29.99%. The company had revenue of $421.51 million for the quarter, compared to analyst estimates of $420.69 million. During the same period in the prior year, the firm earned $0.27 earnings per share. The business’s revenue for the quarter was up 12.2% compared to the same quarter last year. On average, sell-side analysts forecast that Bentley Systems, Incorporated will post 1.20 earnings per share for the current year.

Bentley Systems Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 22nd were issued a dividend of $0.07 per share. The ex-dividend date was Tuesday, September 22nd. This represents a $0.28 annualized dividend and a yield of 0.6%. Bentley Systems’s dividend payout ratio is 27.45%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on BSY. Royal Bank Of Canada lifted their price target on Bentley Systems from $48.00 to $52.00 and gave the stock an “outperform” rating in a report on Friday, November 6th. Rosenblatt Securities lifted their price objective on shares of Bentley Systems from $50.00 to $53.00 and gave the company a “buy” rating in a research note on Friday, November 6th. Weiss Ratings upgraded Bentley Systems from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, October 19th. BMO Capital Markets raised their price objective on shares of Bentley Systems from $41.00 to $43.00 and gave the company an “outperform” rating in a research report on Friday, August 7th. Finally, Piper Sandler restated an “overweight” rating and set a $45.00 target price on shares of Bentley Systems in a research report on Friday, August 7th. Nine analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, Bentley Systems has an average rating of “Moderate Buy” and an average target price of $46.67.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Yousif Capital Management LLC boosted its stake in Bentley Systems by 0.7% in the 3rd quarter. Yousif Capital Management LLC now owns 41,229 shares of the company’s stock worth $1,317,000 after buying an additional 298 shares during the last quarter. Diversify Advisory Services LLC raised its stake in shares of Bentley Systems by 1.6% in the 3rd quarter. Diversify Advisory Services LLC now owns 20,930 shares of the company’s stock valued at $669,000 after acquiring an additional 327 shares during the period. GAMMA Investing LLC raised its stake in shares of Bentley Systems by 8.8% in the 3rd quarter. GAMMA Investing LLC now owns 4,528 shares of the company’s stock valued at $145,000 after acquiring an additional 366 shares during the period. Liontrust Investment Partners LLP raised its stake in shares of Bentley Systems by 7.4% in the 1st quarter. Liontrust Investment Partners LLP now owns 7,349 shares of the company’s stock valued at $258,000 after acquiring an additional 505 shares during the period. Finally, State of Alaska Department of Revenue lifted its holdings in shares of Bentley Systems by 0.8% during the 3rd quarter. State of Alaska Department of Revenue now owns 67,528 shares of the company’s stock valued at $2,156,000 after acquiring an additional 534 shares in the last quarter. Hedge funds and other institutional investors own 44.16% of the company’s stock.

About Bentley Systems

Bentley Systems develops software for professionals who design, build, and operate infrastructure. Its customers include engineering firms, architects, construction companies, and infrastructure owners and operators working on projects such as roads, railways, buildings, utilities, and industrial facilities. The company’s products support computer-aided design, project collaboration, infrastructure asset management, and digital twin development. Its software portfolio includes MicroStation for design and modeling, ProjectWise for project information management, and the iTwin platform for creating and working with digital representations of infrastructure assets.