Lecap Asset Management Ltd. Purchases New Stake in Bentley Systems, Incorporated (NASDAQ:BSY)

Lecap Asset Management Ltd. bought a new position in shares of Bentley Systems, Incorporated (NASDAQ:BSY - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 40,976 shares of the company's stock, valued at approximately $1,612,000.

Several other institutional investors have also recently bought and sold shares of BSY. Pictet Asset Management Holding SA grew its position in Bentley Systems by 0.4% during the 4th quarter. Pictet Asset Management Holding SA now owns 5,614,750 shares of the company's stock worth $262,209,000 after acquiring an additional 24,019 shares during the last quarter. AXA S.A. boosted its stake in shares of Bentley Systems by 7.6% during the fourth quarter. AXA S.A. now owns 1,603,157 shares of the company's stock valued at $74,867,000 after purchasing an additional 112,824 shares in the last quarter. Northern Trust Corp boosted its stake in shares of Bentley Systems by 18.9% during the fourth quarter. Northern Trust Corp now owns 1,439,065 shares of the company's stock valued at $67,204,000 after purchasing an additional 228,502 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Bentley Systems by 10.2% during the fourth quarter. Bank of New York Mellon Corp now owns 1,053,762 shares of the company's stock worth $49,211,000 after purchasing an additional 97,950 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Bentley Systems by 1.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,052,704 shares of the company's stock valued at $49,161,000 after buying an additional 15,372 shares during the period. Institutional investors and hedge funds own 44.16% of the company's stock.

Analyst Upgrades and Downgrades

BSY has been the topic of several recent research reports. Rosenblatt Securities cut their target price on shares of Bentley Systems from $62.00 to $53.00 and set a "buy" rating on the stock in a research report on Monday, May 5th. Wall Street Zen raised Bentley Systems from a "hold" rating to a "buy" rating in a research note on Sunday, June 22nd. UBS Group increased their target price on shares of Bentley Systems from $48.00 to $53.00 and gave the company a "neutral" rating in a research report on Thursday, May 8th. Oppenheimer raised their price target on shares of Bentley Systems from $49.00 to $50.00 and gave the stock an "outperform" rating in a report on Thursday, May 8th. Finally, Royal Bank Of Canada upped their price objective on shares of Bentley Systems from $53.00 to $55.00 and gave the company an "outperform" rating in a research note on Thursday, May 8th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat, Bentley Systems has an average rating of "Moderate Buy" and an average target price of $52.00.

Bentley Systems Stock Up 0.0%

Shares of BSY traded up $0.01 during trading hours on Friday, reaching $52.64. The stock had a trading volume of 2,745,766 shares, compared to its average volume of 1,233,339. The firm has a 50-day simple moving average of $47.36 and a 200 day simple moving average of $45.61. Bentley Systems, Incorporated has a 12 month low of $36.51 and a 12 month high of $53.29. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 1.13. The company has a market capitalization of $15.36 billion, a price-to-earnings ratio of 66.63, a P/E/G ratio of 4.42 and a beta of 1.07.

Bentley Systems (NASDAQ:BSY - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.05. The firm had revenue of $370.54 million for the quarter, compared to the consensus estimate of $366.76 million. Bentley Systems had a net margin of 18.46% and a return on equity of 29.18%. The business's revenue was up 9.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.31 earnings per share. Equities research analysts predict that Bentley Systems, Incorporated will post 0.88 earnings per share for the current fiscal year.

Bentley Systems Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 12th. Shareholders of record on Tuesday, June 3rd were issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 0.53%. The ex-dividend date was Tuesday, June 3rd. Bentley Systems's dividend payout ratio is currently 35.44%.

Insider Activity

In other Bentley Systems news, Director Raymond B. Bentley sold 122,114 shares of the company's stock in a transaction dated Friday, June 20th. The shares were sold at an average price of $50.70, for a total value of $6,191,179.80. Following the completion of the sale, the director now directly owns 15,347,424 shares of the company's stock, valued at approximately $778,114,396.80. This represents a 0.79% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CRO Brock Ballard sold 12,363 shares of the business's stock in a transaction that occurred on Wednesday, May 7th. The stock was sold at an average price of $45.08, for a total value of $557,324.04. Following the completion of the transaction, the executive now owns 68,064 shares in the company, valued at $3,068,325.12. The trade was a 15.37% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,012,363 shares of company stock worth $50,872,826 over the last 90 days. 20.56% of the stock is currently owned by corporate insiders.

About Bentley Systems

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.