Bentley Systems, Incorporated (NASDAQ:BSY) major shareholder Richard P. Bentley sold 15,170 shares of the firm’s stock in a transaction on Thursday, April 15th. The shares were sold at an average price of $50.20, for a total transaction of $761,534.00. Following the transaction, the insider now directly owns 1,071,190 shares of the company’s stock, valued at $53,773,738. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.
Bentley Systems stock opened at $49.71 on Wednesday. The company’s 50-day moving average price is $46.42 and its 200-day moving average price is $41.49. The company has a debt-to-equity ratio of 82.19, a quick ratio of 0.80 and a current ratio of 0.80. Bentley Systems, Incorporated has a twelve month low of $27.00 and a twelve month high of $54.62.
Bentley Systems (NASDAQ:BSY) last released its quarterly earnings results on Monday, March 1st. The company reported $0.17 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.16 by $0.01. The company had revenue of $219.60 million during the quarter, compared to analysts’ expectations of $212.80 million. The company’s quarterly revenue was up 8.2% compared to the same quarter last year. As a group, equities analysts forecast that Bentley Systems, Incorporated will post 0.55 EPS for the current year.
Several research analysts have commented on BSY shares. KeyCorp increased their price objective on shares of Bentley Systems from $52.00 to $54.00 and gave the company an “overweight” rating in a report on Monday. Zacks Investment Research upgraded Bentley Systems from a “sell” rating to a “hold” rating in a research report on Monday, March 8th. Finally, Mizuho raised their price target on Bentley Systems from $50.00 to $53.00 and gave the company a “buy” rating in a report on Wednesday, March 3rd. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $43.71.
A number of large investors have recently added to or reduced their stakes in BSY. Teachers Retirement System of The State of Kentucky purchased a new stake in Bentley Systems in the 3rd quarter worth about $60,000. Graves Light Private Wealth Management Inc. purchased a new position in shares of Bentley Systems during the fourth quarter valued at approximately $84,000. Morgan Stanley bought a new position in shares of Bentley Systems during the third quarter valued at approximately $176,000. EagleClaw Capital Managment LLC purchased a new stake in shares of Bentley Systems in the fourth quarter worth approximately $254,000. Finally, Wells Fargo & Company MN bought a new stake in shares of Bentley Systems during the 3rd quarter worth approximately $266,000. Institutional investors own 4.85% 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 and open simulation applications for infrastructure design integration, which include MicroStation, OpenRoads, OpenRail, OpenPlant, OpenBuildings, OpenBridge, OpenSite, OpenWindPower, OpenTower, STAAD and RAM, LEAP and RM, SACS, MOSES, PLAXIS, SITEOPS, AutoPIPE, and LumenRT.
See Also: Net Income
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