Bentley Systems, Incorporated (NASDAQ:BSY) to Issue Quarterly Dividend of $0.07

Bentley Systems, Incorporated (NASDAQ:BSYGet Free Report) announced a quarterly dividend on Thursday, February 20th, Wall Street Journal reports. Stockholders of record on Wednesday, March 19th will be paid a dividend of 0.07 per share on Thursday, March 27th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.68%. The ex-dividend date of this dividend is Wednesday, March 19th. This is a 16.7% increase from Bentley Systems’s previous quarterly dividend of $0.06.

Bentley Systems has increased its dividend payment by an average of 26.0% per year over the last three years. Bentley Systems has a payout ratio of 21.2% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Bentley Systems to earn $1.01 per share next year, which means the company should continue to be able to cover its $0.28 annual dividend with an expected future payout ratio of 27.7%.

Bentley Systems Stock Up 3.3 %

NASDAQ BSY opened at $41.44 on Monday. The company has a market cap of $12.08 billion, a price-to-earnings ratio of 37.33, a PEG ratio of 3.52 and a beta of 1.04. Bentley Systems has a 1-year low of $39.98 and a 1-year high of $57.19. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 1.37. The company has a 50 day moving average of $45.37 and a 200-day moving average of $47.69.

Insider Transactions at Bentley Systems

In other news, Director Keith A. Bentley sold 1,152 shares of the stock in a transaction on Friday, January 24th. The shares were sold at an average price of $46.33, for a total transaction of $53,372.16. Following the completion of the sale, the director now directly owns 16,703,876 shares in the company, valued at $773,890,575.08. This represents a 0.01 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 21.12% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have commented on BSY. The Goldman Sachs Group downgraded shares of Bentley Systems from a “neutral” rating to a “sell” rating and lowered their price objective for the company from $51.00 to $42.00 in a research report on Friday, February 28th. Oppenheimer cut Bentley Systems from an “outperform” rating to a “market perform” rating in a report on Thursday, February 27th. Robert W. Baird reduced their price objective on Bentley Systems from $60.00 to $59.00 and set an “outperform” rating on the stock in a research note on Thursday, February 27th. JPMorgan Chase & Co. assumed coverage on Bentley Systems in a research note on Monday, December 9th. They set a “neutral” rating and a $52.00 target price for the company. Finally, Rosenblatt Securities restated a “buy” rating and issued a $62.00 price target on shares of Bentley Systems in a research note on Tuesday, February 25th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $56.14.

View Our Latest Report on BSY

About Bentley Systems

(Get Free Report)

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.

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Dividend History for Bentley Systems (NASDAQ:BSY)

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