Bentley Systems (NASDAQ:BSY) Director Raymond Bentley Sells 16,662 Shares of Company Stock

Bentley Systems, Incorporated (NASDAQ:BSY) Director Raymond Bentley sold 16,662 shares of Bentley Systems stock in a transaction dated Friday, October 23rd. The stock was sold at an average price of $40.00, for a total transaction of $666,480.00. Following the completion of the transaction, the director directly owned 14,799,742 shares of the company’s stock, valued at $591,989,680. This trade represents a 0.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Bentley Systems Stock Down 1.3%

Shares of NASDAQ:BSY opened at $39.32 on Wednesday. Bentley Systems, Incorporated has a 1 year low of $28.08 and a 1 year high of $52.24. The stock’s fifty day moving average price is $34.72 and its 200-day moving average price is $34.40.

Bentley Systems (NASDAQ:BSY) last released its quarterly earnings data on Thursday, August 6th. The company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.32 by $0.03. The business had revenue of $410.73 million during the quarter, compared to the consensus estimate of $412.12 million. During the same quarter in the previous year, the business posted $0.32 earnings per share. Bentley Systems’s quarterly revenue was up 12.8% compared to the same quarter last year. On average, analysts forecast that Bentley Systems, Incorporated will post 1.21 EPS for the current year.

Bentley Systems Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 22nd were paid a dividend of $0.07 per share. The ex-dividend date was Tuesday, September 22nd. This represents a $0.28 annualized dividend and a yield of 0.7%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on BSY. Cantor Fitzgerald lifted their price target on shares of Bentley Systems from $37.00 to $42.00 and gave the stock an “overweight” rating in a research note on Friday, October 16th. BMO Capital Markets boosted their price objective on shares of Bentley Systems from $41.00 to $43.00 and gave the company an “outperform” rating in a report on Friday, August 7th. Weiss Ratings upgraded shares of Bentley Systems from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, October 19th. Piper Sandler restated an “overweight” rating and issued a $45.00 target price on shares of Bentley Systems in a report on Friday, August 7th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and issued a $50.00 target price on shares of Bentley Systems in a research report on Tuesday. Ten investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $44.77.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in BSY. Arrowstreet Capital Limited Partnership lifted its position in shares of Bentley Systems by 253.6% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 4,781,449 shares of the company’s stock valued at $167,924,000 after buying an additional 3,429,087 shares in the last quarter. Pictet Asset Management Holding SA grew its stake in shares of Bentley Systems by 150.9% during the 1st quarter. Pictet Asset Management Holding SA now owns 4,661,346 shares of the company’s stock valued at $163,703,000 after acquiring an additional 2,803,241 shares during the period. Bank of New York Mellon Corp bought a new position in shares of Bentley Systems during the 2nd quarter valued at approximately $78,738,000. Madison Asset Management LLC bought a new position in shares of Bentley Systems during the 2nd quarter valued at approximately $40,807,000. Finally, Bessemer Group Inc. increased its holdings in Bentley Systems by 36.2% in the 1st quarter. Bessemer Group Inc. now owns 2,600,241 shares of the company’s stock worth $91,320,000 after acquiring an additional 691,806 shares in the last quarter. Institutional investors own 44.16% of the company’s stock.

Key Bentley Systems News

Here are the key news stories impacting Bentley Systems this week:

• Positive Sentiment: Rosenblatt reaffirmed its “Buy” rating and maintained a $50 price target, implying approximately 27% potential upside from the referenced price. The endorsement supports the bullish view that Bentley’s infrastructure-engineering software business can continue to grow. Rosenblatt Securities recommendations
• Positive Sentiment: Madison Small Cap Fund identified Bentley Systems as an attractive opportunity despite fears that AI could disrupt software companies, suggesting some investors view the recent concerns as overdone. Bentley Systems becomes attractive opportunity
• Neutral Sentiment: Gregory Bentley received 63,793 Class B shares through a bonus pool plan. The award may reflect executive compensation rather than open-market buying, so it offers limited insight into near-term investor sentiment. Gregory Bentley receives Class B shares
• Neutral Sentiment: Reported short interest was zero shares as of October 26, indicating no measurable short-selling pressure in the data. However, the reported figure appears unusual and may reflect a data or reporting issue. Bentley Systems short interest data
• Negative Sentiment: Director Raymond Bentley sold a combined 155,797 shares for approximately $6.24 million in transactions conducted under a pre-arranged Rule 10b5-1 plan. Although the sales represent less than 1% of his holdings and are not necessarily discretionary, the sizable insider transactions can weigh on sentiment. SEC insider transaction filing

About Bentley Systems

Bentley Systems, Incorporated is a software company that develops solutions for the design, construction, and operation of infrastructure. Its customers include engineers, architects, geospatial professionals, construction firms, and infrastructure owner-operators in sectors such as transportation, water, utilities, industrial facilities, and buildings.

The company’s product portfolio includes MicroStation for infrastructure design, ProjectWise for project collaboration, AssetWise for asset performance and operations, and SYNCHRO for construction management.