Bentley Systems, Incorporated (BSY) To Go Ex-Dividend on June 2nd

Bentley Systems, Incorporated (NASDAQ:BSY) announced a quarterly dividend on Thursday, May 21st. Shareholders of record on Tuesday, June 2nd will be paid a dividend of 0.07 per share on Thursday, June 11th. This represents a c) dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Tuesday, June 2nd.

Bentley Systems has raised its dividend by an average of 0.6%per year over the last three years and has raised 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 $1.36 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 20.6%.

Bentley Systems Price Performance

Shares of NASDAQ:BSY opened at $32.64 on Friday. Bentley Systems has a fifty-two week low of $30.52 and a fifty-two week high of $59.25. The business has a 50-day moving average of $33.85 and a two-hundred day moving average of $36.94. The stock has a market capitalization of $9.54 billion, a P/E ratio of 37.09, a P/E/G ratio of 2.12 and a beta of 1.01. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.51 and a quick ratio of 0.51.

Bentley Systems (NASDAQ:BSY) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.38 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.02. Bentley Systems had a return on equity of 28.65% and a net margin of 18.12%.The company had revenue of $424.18 million during the quarter, compared to analysts’ expectations of $419.80 million. During the same quarter in the previous year, the firm earned $0.35 earnings per share. The business’s quarterly revenue was up 14.5% compared to the same quarter last year. On average, equities research analysts predict that Bentley Systems will post 1.19 EPS for the current fiscal year.

Hedge Funds Weigh In On Bentley Systems

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Groupama Asset Managment increased its stake in Bentley Systems by 38.0% during the first quarter. Groupama Asset Managment now owns 14,821 shares of the company’s stock valued at $521,000 after acquiring an additional 4,085 shares during the period. Groupe la Francaise increased its stake in Bentley Systems by 76.3% during the first quarter. Groupe la Francaise now owns 109,266 shares of the company’s stock valued at $3,830,000 after acquiring an additional 47,273 shares during the period. Liontrust Investment Partners LLP increased its stake in Bentley Systems by 7.4% during the first quarter. Liontrust Investment Partners LLP now owns 7,349 shares of the company’s stock valued at $258,000 after acquiring an additional 505 shares during the period. Janus Henderson Group PLC increased its stake in Bentley Systems by 999.5% during the first quarter. Janus Henderson Group PLC now owns 75,500 shares of the company’s stock valued at $2,652,000 after acquiring an additional 68,633 shares during the period. Finally, Quantinno Capital Management LP increased its stake in Bentley Systems by 369.4% during the first quarter. Quantinno Capital Management LP now owns 165,406 shares of the company’s stock valued at $5,809,000 after acquiring an additional 130,169 shares during the period. 44.16% of the stock is currently owned by institutional investors.

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.