Bentley Systems (BSY) Expected to Announce Earnings on Wednesday

Bentley Systems (NASDAQ:BSY) will likely be posting its quarterly earnings results before the market opens on Wednesday, February 26th. Analysts expect Bentley Systems to post earnings of $0.22 per share and revenue of $349.99 million for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

Bentley Systems Price Performance

Shares of NASDAQ:BSY opened at $47.70 on Wednesday. The company’s fifty day moving average price is $46.81 and its 200-day moving average price is $48.42. The firm has a market capitalization of $13.87 billion, a price-to-earnings ratio of 42.97, a PEG ratio of 3.50 and a beta of 1.03. Bentley Systems has a one year low of $43.82 and a one year high of $57.19. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.52 and a quick ratio of 0.52.

Bentley Systems Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Tuesday, December 3rd were issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.50%. The ex-dividend date of this dividend was Tuesday, December 3rd. Bentley Systems’s payout ratio is 21.62%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Rosenblatt Securities reissued a “buy” rating and issued a $62.00 price target on shares of Bentley Systems in a report on Friday, November 8th. JPMorgan Chase & Co. assumed coverage on shares of Bentley Systems in a report on Monday, December 9th. They set a “neutral” rating and a $52.00 target price on the stock. Finally, Piper Sandler reduced their target price on shares of Bentley Systems from $65.00 to $57.00 and set an “overweight” rating on the stock in a report on Wednesday, January 8th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $57.00.

Insider Activity at Bentley Systems

In other Bentley Systems news, Director Keith A. Bentley sold 69,573 shares of the stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $46.67, for a total transaction of $3,246,971.91. Following the completion of the sale, the director now owns 16,705,028 shares of the company’s stock, valued at $779,623,656.76. This represents a 0.41 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 21.12% of the stock is owned by insiders.

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.