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

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

Several other large investors also recently made changes to their positions in the business. Cooper Investors PTY Ltd. bought a new stake in shares of Bentley Systems during the first quarter worth $4,765,000. Asset Management One Co. Ltd. grew its holdings in shares of Bentley Systems by 4.0% during the first quarter. Asset Management One Co. Ltd. now owns 60,990 shares of the company's stock worth $2,399,000 after purchasing an additional 2,332 shares during the last quarter. Covea Finance boosted its holdings in Bentley Systems by 33.6% in the first quarter. Covea Finance now owns 37,000 shares of the company's stock valued at $1,456,000 after acquiring an additional 9,300 shares during the last quarter. Prentiss Smith & Co. Inc. boosted its holdings in Bentley Systems by 0.5% in the first quarter. Prentiss Smith & Co. Inc. now owns 64,171 shares of the company's stock valued at $2,524,000 after acquiring an additional 315 shares during the last quarter. Finally, Bar Harbor Wealth Management boosted its holdings in Bentley Systems by 5.7% in the first quarter. Bar Harbor Wealth Management now owns 190,441 shares of the company's stock valued at $7,492,000 after acquiring an additional 10,301 shares during the last quarter. Institutional investors own 44.16% of the company's stock.

Insider Activity

In related news, CRO Brock Ballard sold 12,363 shares of Bentley Systems 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 sale, the executive now owns 68,064 shares of the company's stock, valued at approximately $3,068,325.12. This trade represents a 15.37% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Raymond B. Bentley sold 355,103 shares of Bentley Systems stock in a transaction that occurred on Monday, June 16th. The shares were sold at an average price of $49.96, for a total value of $17,740,945.88. Following the completion of the sale, the director now directly owns 15,992,321 shares in the company, valued at approximately $798,976,357.16. This represents a 2.17% 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 in the last 90 days. Corporate insiders own 20.56% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on BSY shares. Royal Bank Of Canada raised their price target on Bentley Systems from $53.00 to $55.00 and gave the company an "outperform" rating in a report on Thursday, May 8th. Rosenblatt Securities decreased their price target on Bentley Systems from $62.00 to $53.00 and set a "buy" rating on the stock in a report on Monday, May 5th. JPMorgan Chase & Co. decreased their price target on Bentley Systems from $52.00 to $45.00 and set a "neutral" rating on the stock in a report on Wednesday, April 9th. Mizuho decreased their price target on Bentley Systems from $60.00 to $50.00 and set an "outperform" rating on the stock in a report on Tuesday, April 15th. Finally, Oppenheimer raised their price target on Bentley Systems from $49.00 to $50.00 and gave the company an "outperform" rating in a report on Thursday, May 8th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $52.00.

Bentley Systems Trading Up 0.0%

BSY traded up $0.01 during midday trading on Friday, reaching $52.64. 2,745,766 shares of the company were exchanged, compared to its average volume of 1,220,821. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.49 and a current ratio of 0.49. Bentley Systems, Incorporated has a one year low of $36.51 and a one year high of $53.29. The stock has a market capitalization of $15.36 billion, a P/E ratio of 66.63, a PEG ratio of 4.42 and a beta of 1.07. The stock's 50-day simple moving average is $47.55 and its 200 day simple moving average is $45.61.

Bentley Systems (NASDAQ:BSY - Get Free Report) last issued its earnings results on Wednesday, May 7th. The company reported $0.35 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.30 by $0.05. Bentley Systems had a return on equity of 29.18% and a net margin of 18.46%. The firm had revenue of $370.54 million for the quarter, compared to analysts' expectations of $366.76 million. During the same quarter last year, the business earned $0.31 earnings per share. The company's revenue was up 9.7% compared to the same quarter last year. As a group, analysts forecast that Bentley Systems, Incorporated will post 0.88 earnings per share for the current fiscal year.

Bentley Systems Dividend Announcement

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

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.