Bentley Systems, Incorporated (BSY) to Issue Quarterly Dividend of $0.07 on December 11th

Bentley Systems, Incorporated (NASDAQ:BSY) announced a quarterly dividend on Thursday, November 20th. Investors of record on Thursday, December 4th will be given a dividend of 0.07 per share on Thursday, December 11th. This represents a c) annualized dividend and a yield of 0.7%. The ex-dividend date is Thursday, December 4th.

Bentley Systems has a payout ratio of 21.1% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Bentley Systems to earn $1.01 per share next year, which means the company should continue to be able to cover its $0.28 annual dividend with an expected future payout ratio of 27.7%.

Bentley Systems Stock Performance

Shares of Bentley Systems stock opened at $41.85 on Tuesday. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 1.04. Bentley Systems has a 52 week low of $36.51 and a 52 week high of $59.25. The firm’s 50 day moving average is $48.41 and its two-hundred day moving average is $51.46. The firm has a market capitalization of $12.22 billion, a P/E ratio of 49.82, a P/E/G ratio of 3.28 and a beta of 1.23.

Bentley Systems (NASDAQ:BSY) last issued its quarterly earnings data on Wednesday, November 5th. The company reported $0.27 earnings per share for the quarter, hitting the consensus estimate of $0.27. Bentley Systems had a net margin of 18.45% and a return on equity of 28.16%. The business had revenue of $375.55 million during the quarter, compared to the consensus estimate of $369.57 million. During the same quarter in the previous year, the firm earned $0.24 EPS. The company’s revenue was up 12.0% compared to the same quarter last year. Research analysts forecast that Bentley Systems will post 0.88 EPS for the current fiscal year.

Hedge Funds Weigh In On Bentley Systems

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Blair William & Co. IL lifted its stake in shares of Bentley Systems by 5.9% in the 1st quarter. Blair William & Co. IL now owns 18,129 shares of the company’s stock worth $713,000 after acquiring an additional 1,005 shares during the period. ING Groep NV acquired a new position in Bentley Systems during the 1st quarter worth approximately $4,233,000. Vanguard Group Inc. raised its stake in shares of Bentley Systems by 5.3% during the 1st quarter. Vanguard Group Inc. now owns 17,999,856 shares of the company’s stock worth $708,114,000 after buying an additional 898,115 shares in the last quarter. ASR Vermogensbeheer N.V. acquired a new stake in shares of Bentley Systems in the 1st quarter valued at approximately $291,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of Bentley Systems by 25.1% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 132,778 shares of the company’s stock valued at $5,223,000 after buying an additional 26,600 shares in the last quarter. 44.16% of the stock is currently owned by hedge funds and other institutional investors.

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.