Bentley Systems, Incorporated (NASDAQ:BSY) Director Brian F. Hughes sold 2,193 shares of the firm’s stock in a transaction dated Monday, September 13th. The stock was sold at an average price of $69.20, for a total value of $151,755.60. Following the transaction, the director now owns 20,000 shares of the company’s stock, valued at $1,384,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
BSY opened at $68.83 on Friday. Bentley Systems, Incorporated has a 1-year low of $27.00 and a 1-year high of $71.92. The company has a market cap of $18.59 billion and a price-to-earnings ratio of 134.96. The company’s fifty day moving average price is $63.86 and its two-hundred day moving average price is $56.79. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 2.69.
Bentley Systems (NASDAQ:BSY) last posted its earnings results on Monday, August 9th. The company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.15 by $0.08. Bentley Systems had a net margin of 18.38% and a return on equity of 74.37%. The company had revenue of $222.90 million during the quarter, compared to the consensus estimate of $213.45 million. Bentley Systems’s revenue was up 20.9% on a year-over-year basis. As a group, equities analysts forecast that Bentley Systems, Incorporated will post 0.64 earnings per share for the current fiscal year.
Several institutional investors have recently modified their holdings of BSY. Oribel Capital Management LP boosted its position in shares of Bentley Systems by 4.1% during the first quarter. Oribel Capital Management LP now owns 9,662 shares of the company’s stock valued at $453,000 after buying an additional 382 shares during the last quarter. Captrust Financial Advisors boosted its holdings in Bentley Systems by 906.8% during the 1st quarter. Captrust Financial Advisors now owns 745 shares of the company’s stock worth $35,000 after acquiring an additional 671 shares during the last quarter. Shell Asset Management Co. bought a new stake in shares of Bentley Systems in the 2nd quarter worth $46,000. Intercontinental Wealth Advisors LLC raised its holdings in shares of Bentley Systems by 17.4% in the second quarter. Intercontinental Wealth Advisors LLC now owns 5,340 shares of the company’s stock valued at $346,000 after purchasing an additional 793 shares during the last quarter. Finally, PNC Financial Services Group Inc. bought a new position in shares of Bentley Systems during the second quarter valued at about $52,000. 32.44% of the stock is owned by hedge funds and other institutional investors.
BSY has been the subject of a number of analyst reports. Zacks Investment Research upgraded Bentley Systems from a “hold” rating to a “buy” rating and set a $70.00 price objective for the company in a research report on Wednesday, August 18th. Griffin Securities started coverage on Bentley Systems in a report on Friday, July 16th. They issued a “neutral” rating and a $59.47 target price for the company. Royal Bank of Canada lifted their target price on Bentley Systems from $52.00 to $70.00 and gave the stock an “outperform” rating in a report on Monday, August 9th. Mizuho lifted their target price on Bentley Systems from $53.00 to $74.00 and gave the stock a “buy” rating in a report on Monday, June 14th. Finally, Robert W. Baird lifted their target price on Bentley Systems from $50.00 to $60.00 and gave the stock an “outperform” rating in a report on Thursday, July 22nd. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, Bentley Systems presently has an average rating of “Buy” and a consensus target price of $57.61.
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.
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