Bentley Systems, Incorporated (NASDAQ:BSY – Get Rating) Director Raymond B. Bentley sold 144,654 shares of Bentley Systems stock in a transaction on Wednesday, April 20th. The shares were sold at an average price of $43.62, for a total transaction of $6,309,807.48. Following the completion of the sale, the director now directly owns 18,285,123 shares of the company’s stock, valued at approximately $797,597,065.26. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.
NASDAQ BSY opened at $41.81 on Friday. The stock has a market cap of $11.55 billion, a P/E ratio of 149.32, a PEG ratio of 7.15 and a beta of 0.98. The company’s 50-day simple moving average is $40.52 and its 200 day simple moving average is $46.44. Bentley Systems, Incorporated has a twelve month low of $34.45 and a twelve month high of $71.92. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 3.50.
Bentley Systems (NASDAQ:BSY – Get Rating) last posted its earnings results on Tuesday, March 1st. The company reported $0.18 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.13 by $0.05. The business had revenue of $267.70 million for the quarter, compared to analysts’ expectations of $262.23 million. Bentley Systems had a net margin of 9.40% and a return on equity of 56.39%. The firm’s revenue for the quarter was up 21.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.15 earnings per share. Research analysts anticipate that Bentley Systems, Incorporated will post 0.57 earnings per share for the current year.
A number of research firms have weighed in on BSY. Royal Bank of Canada cut their target price on shares of Bentley Systems from $65.00 to $55.00 and set an “outperform” rating for the company in a research report on Wednesday, March 2nd. Mizuho cut their target price on shares of Bentley Systems from $65.00 to $60.00 in a research report on Tuesday, January 18th. Zacks Investment Research downgraded shares of Bentley Systems from a “hold” rating to a “sell” rating in a report on Wednesday, March 9th. The Goldman Sachs Group dropped their price objective on shares of Bentley Systems from $60.00 to $52.00 in a report on Tuesday, March 1st. Finally, KeyCorp dropped their price objective on shares of Bentley Systems from $72.00 to $50.00 and set an “overweight” rating on the stock in a report on Wednesday, March 2nd. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $57.50.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. CI Investments Inc. bought a new stake in Bentley Systems during the third quarter worth about $37,000. Covestor Ltd bought a new stake in Bentley Systems during the fourth quarter worth about $30,000. National Bank of Canada FI bought a new stake in Bentley Systems during the fourth quarter worth about $31,000. Tobam bought a new stake in Bentley Systems during the fourth quarter worth about $40,000. Finally, Neo Ivy Capital Management bought a new stake in Bentley Systems during the fourth quarter worth about $42,000. 34.00% of the stock is currently owned by institutional investors and hedge funds.
About Bentley Systems (Get Rating)
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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