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

Bentley Systems, Incorporated (NASDAQ:BSY) announced a quarterly dividend on Monday, February 23rd. Shareholders of record on Tuesday, March 10th will be paid a dividend of 0.07 per share on Thursday, March 19th. This represents a c) dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Tuesday, March 10th.

Bentley Systems has raised its dividend by an average of 0.6%annually over the last three years and has increased its dividend annually for the last 3 consecutive years. Bentley Systems has a payout ratio of 21.1% 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 Trading Up 0.7%

NASDAQ:BSY opened at $39.79 on Friday. The stock has a market cap of $11.59 billion, a PE ratio of 46.27, a price-to-earnings-growth ratio of 2.78 and a beta of 1.18. Bentley Systems has a fifty-two week low of $30.97 and a fifty-two week high of $59.25. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.56 and a quick ratio of 0.56. The stock’s 50-day moving average is $36.68 and its two-hundred day moving average is $44.18.

Bentley Systems (NASDAQ:BSY) last posted its quarterly earnings results on Thursday, February 26th. The company reported $0.27 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.27. The business had revenue of $391.58 million during the quarter, compared to analyst estimates of $381.79 million. Bentley Systems had a net margin of 18.50% and a return on equity of 28.82%. The firm’s revenue was up 11.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.21 earnings per share. As a group, equities research analysts forecast that Bentley Systems will post 0.88 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Bentley Systems

Large investors have recently added to or reduced their stakes in the stock. Allworth Financial LP grew its position in shares of Bentley Systems by 37.6% in the second quarter. Allworth Financial LP now owns 702 shares of the company’s stock valued at $38,000 after purchasing an additional 192 shares during the last quarter. Thrive Wealth Management LLC lifted its position in shares of Bentley Systems by 2.5% during the 3rd quarter. Thrive Wealth Management LLC now owns 8,301 shares of the company’s stock worth $427,000 after purchasing an additional 200 shares during the last quarter. Genesis Private Wealth LLC boosted its stake in Bentley Systems by 5.4% during the 3rd quarter. Genesis Private Wealth LLC now owns 3,967 shares of the company’s stock valued at $204,000 after purchasing an additional 204 shares during the period. Shell Asset Management Co. grew its holdings in Bentley Systems by 4.8% in the 3rd quarter. Shell Asset Management Co. now owns 5,421 shares of the company’s stock valued at $279,000 after buying an additional 246 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its position in Bentley Systems by 2.3% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 11,203 shares of the company’s stock worth $589,000 after buying an additional 247 shares during the period. Institutional investors own 44.16% of the company’s stock.

About Bentley Systems

Bentley Systems, Inc is a global software provider specializing in infrastructure engineering applications for the design, construction, and operations of roads, bridges, rail and transit systems, water and wastewater networks, power plants and grids, industrial facilities, and communications infrastructure. Founded in 1984 by brothers Keith and Barry Bentley, the company is headquartered in Exton, Pennsylvania, and maintains offices and development centers across North America, Europe, Asia, and Australia.