Wall Street brokerages expect Bentley Systems, Incorporated (NASDAQ:BSY) to post $213.29 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Bentley Systems’ earnings. The highest sales estimate is $213.38 million and the lowest is $213.20 million. The firm is scheduled to announce its next earnings report on Tuesday, February 9th.

According to Zacks, analysts expect that Bentley Systems will report full-year sales of $795.62 million for the current year, with estimates ranging from $795.40 million to $795.84 million. For the next financial year, analysts forecast that the company will report sales of $867.51 million, with estimates ranging from $866.90 million to $868.13 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Bentley Systems.

Bentley Systems (NASDAQ:BSY) last posted its earnings results on Tuesday, November 10th. The company reported $0.17 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.13 by $0.04. The company had revenue of $203.00 million for the quarter, compared to the consensus estimate of $197.33 million. The business’s revenue was up 8.8% on a year-over-year basis.

BSY has been the subject of a number of analyst reports. ValuEngine cut Bentley Systems from a “buy” rating to a “hold” rating in a report on Monday, November 2nd. Berenberg Bank started coverage on shares of Bentley Systems in a report on Wednesday, October 14th. They set a “buy” rating and a $41.00 price target for the company. KeyCorp started coverage on shares of Bentley Systems in a research note on Monday, October 19th. They issued a “sector weight” rating for the company. Bank of America initiated coverage on shares of Bentley Systems in a research note on Monday, October 19th. They issued a “neutral” rating and a $44.00 target price for the company. Finally, Robert W. Baird initiated coverage on Bentley Systems in a research report on Monday, October 19th. They issued an “outperform” rating and a $43.00 price objective for the company. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $41.50.

In related news, insider David J. Hollister sold 300,000 shares of the company’s stock in a transaction dated Tuesday, November 17th. The stock was sold at an average price of $30.80, for a total value of $9,240,000.00. Following the completion of the sale, the insider now owns 3,763,831 shares in the company, valued at $115,925,994.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Kirk B. Griswold sold 25,000 shares of the company’s stock in a transaction dated Tuesday, November 17th. The shares were sold at an average price of $30.80, for a total value of $770,000.00. Following the completion of the sale, the director now owns 542,823 shares of the company’s stock, valued at approximately $16,718,948.40. The disclosure for this sale can be found here.

Large investors have recently modified their holdings of the business. Syquant Capital Sas bought a new stake in shares of Bentley Systems in the 3rd quarter valued at $1,727,000. Skylands Capital LLC bought a new stake in shares of Bentley Systems in the third quarter worth about $628,000. DekaBank Deutsche Girozentrale bought a new stake in Bentley Systems during the 3rd quarter worth approximately $30,000. Mondrian Capital Management LLC bought a new stake in Bentley Systems during the 3rd quarter worth approximately $2,198,000. Finally, Wells Fargo & Company MN bought a new stake in shares of Bentley Systems during the third quarter worth $266,000. 4.85% of the stock is owned by hedge funds and other institutional investors.

Shares of NASDAQ BSY traded down $1.29 during midday trading on Wednesday, reaching $52.00. 350,383 shares of the company traded hands, compared to its average volume of 342,665. The business’s 50-day moving average price is $38.83. Bentley Systems has a 12 month low of $27.00 and a 12 month high of $53.85. The company has a debt-to-equity ratio of 82.19, a quick ratio of 0.80 and a current ratio of 0.80.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 22nd. Shareholders of record on Monday, December 7th were issued a dividend of $0.03 per share. The ex-dividend date of this dividend was Friday, December 4th. This represents a $0.12 annualized dividend and a yield of 0.23%.

About Bentley Systems

Bentley Systems, Incorporated develops software for infrastructure design, construction, and operations. It provides MicroStation, a modeling, documentation, and visualization solution for information modeling; ProjectWise, a project information management and collaboration solution; AssetWise, an asset information management solution; PlantSight, a digital solution to benefit customers through plant operations; and SYNCHRO XR for HoloLens 2 that enables users to interact collaboratively with digital construction models using gestures to plan, visualize, and experience construction sequencing.

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