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

Bentley Systems, Incorporated (NASDAQ:BSY) CFO Werner Andre sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, November 6th. The stock was sold at an average price of $45.00, for a total transaction of $450,000.00. Following the completion of the sale, the chief financial officer directly owned 367,843 shares of the company’s stock, valued at $16,552,935. This represents a 2.65% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Bentley Systems Price Performance

NASDAQ BSY opened at $44.44 on Thursday. The firm has a market cap of $12.93 billion, a P/E ratio of 43.57, a price-to-earnings-growth ratio of 2.81 and a beta of 0.98. The stock’s 50-day moving average is $36.12 and its two-hundred day moving average is $34.61. Bentley Systems, Incorporated has a fifty-two week low of $28.08 and a fifty-two week high of $48.17. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.65 and a quick ratio of 0.65.

Bentley Systems (NASDAQ:BSY) last announced its 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 return on equity of 29.99% and a net margin of 19.57%. The firm had revenue of $421.51 million during the quarter, compared to analysts’ expectations of $420.69 million. During the same quarter in the prior year, the business earned $0.27 earnings per share. The company’s revenue was up 12.2% on a year-over-year basis. On average, analysts anticipate that Bentley Systems, Incorporated will post 1.20 earnings per share for the current fiscal year.

Bentley Systems Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 22nd were issued a $0.07 dividend. The ex-dividend date of this dividend was Tuesday, September 22nd. This represents a $0.28 dividend on an annualized basis and a yield of 0.6%. Bentley Systems’s dividend payout ratio (DPR) is 27.45%.

Institutional Trading of Bentley Systems

Several large investors have recently made changes to their positions in BSY. CX Institutional raised its position in Bentley Systems by 898.9% in the 2nd quarter. CX Institutional now owns 939 shares of the company’s stock worth $28,000 after purchasing an additional 845 shares during the last quarter. Harbor Investment Advisory LLC bought a new position in shares of Bentley Systems in the 2nd quarter valued at about $30,000. Parallel Advisors LLC grew its position in shares of Bentley Systems by 49.5% during the 1st quarter. Parallel Advisors LLC now owns 2,445 shares of the company’s stock worth $86,000 after buying an additional 810 shares during the period. GAMMA Investing LLC raised its stake in shares of Bentley Systems by 8.8% during the third quarter. GAMMA Investing LLC now owns 4,528 shares of the company’s stock worth $145,000 after buying an additional 366 shares during the last quarter. Finally, Nykredit A S bought a new position in Bentley Systems in the second quarter valued at approximately $167,000. Institutional investors own 44.16% of the company’s stock.

Analysts Set New Price Targets

BSY has been the subject of several research analyst reports. BMO Capital Markets upped their target price on shares of Bentley Systems from $41.00 to $43.00 and gave the company an “outperform” rating in a research note on Friday, August 7th. Rosenblatt Securities lifted their target price on Bentley Systems from $50.00 to $53.00 and gave the stock a “buy” rating in a research report on Friday, November 6th. Royal Bank Of Canada boosted their price objective on Bentley Systems from $48.00 to $52.00 and gave the company an “outperform” rating in a research report on Friday, November 6th. Oppenheimer lifted their price target on shares of Bentley Systems from $43.00 to $52.00 and gave the stock an “outperform” rating in a research note on Friday, November 6th. Finally, Cantor Fitzgerald increased their price target on shares of Bentley Systems from $42.00 to $55.00 and gave the stock an “overweight” rating in a research report on Friday, November 6th. Nine equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $46.67.

Bentley Systems Company Profile

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.