ASR Vermogensbeheer N.V. Purchases Shares of 7,400 Bentley Systems, Incorporated (NASDAQ:BSY)

ASR Vermogensbeheer N.V. purchased a new stake in shares of Bentley Systems, Incorporated (NASDAQ:BSY - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The firm purchased 7,400 shares of the company's stock, valued at approximately $291,000.

A number of other hedge funds also recently bought and sold shares of the company. City Holding Co. bought a new stake in Bentley Systems in the first quarter valued at approximately $26,000. Larson Financial Group LLC grew its stake in Bentley Systems by 1,707.1% in the first quarter. Larson Financial Group LLC now owns 759 shares of the company's stock worth $30,000 after purchasing an additional 717 shares during the period. Fifth Third Bancorp grew its stake in Bentley Systems by 106.6% in the first quarter. Fifth Third Bancorp now owns 843 shares of the company's stock worth $33,000 after purchasing an additional 435 shares during the period. HM Payson & Co. purchased a new stake in Bentley Systems in the first quarter worth $45,000. Finally, Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Bentley Systems by 99.0% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,419 shares of the company's stock worth $56,000 after acquiring an additional 706 shares during the last quarter. Institutional investors own 44.16% of the company's stock.

Insider Activity at Bentley Systems

In other Bentley Systems news, Director Raymond B. Bentley sold 355,103 shares of Bentley Systems stock in a transaction on Monday, June 16th. The stock was sold at an average price of $49.96, for a total transaction of $17,740,945.88. Following the completion of the sale, the director directly owned 15,992,321 shares of the company's stock, valued at $798,976,357.16. The trade was a 2.17% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider David R. Shaman sold 19,348 shares of Bentley Systems stock in a transaction on Monday, July 14th. The shares were sold at an average price of $56.96, for a total value of $1,102,062.08. Following the sale, the insider directly owned 647,609 shares of the company's stock, valued at approximately $36,887,808.64. This trade represents a 2.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,189,869 shares of company stock worth $60,880,388 in the last quarter. 20.56% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on BSY. Piper Sandler increased their target price on Bentley Systems from $57.00 to $63.00 and gave the stock an "overweight" rating in a research note on Thursday, August 7th. KeyCorp increased their target price on Bentley Systems from $56.00 to $59.00 and gave the company an "overweight" rating in a report on Monday, July 7th. The Goldman Sachs Group increased their target price on Bentley Systems from $42.00 to $47.00 and gave the company a "sell" rating in a report on Thursday, August 7th. Wall Street Zen cut Bentley Systems from a "buy" rating to a "hold" rating in a research report on Wednesday, July 16th. Finally, Mizuho cut their target price on Bentley Systems from $60.00 to $50.00 and set an "outperform" rating for the company in a research report on Tuesday, April 15th. One analyst has rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, Bentley Systems has an average rating of "Hold" and a consensus price target of $56.60.

Bentley Systems Price Performance

NASDAQ BSY traded down $0.28 during trading on Wednesday, hitting $52.09. 2,126,346 shares of the stock traded hands, compared to its average volume of 1,546,128. The company has a market capitalization of $15.22 billion, a P/E ratio of 65.94, a price-to-earnings-growth ratio of 4.30 and a beta of 1.10. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 1.07. The firm has a 50-day simple moving average of $54.24 and a 200-day simple moving average of $47.76. Bentley Systems, Incorporated has a 12-month low of $36.51 and a 12-month high of $59.25.

Bentley Systems (NASDAQ:BSY - Get Free Report) last announced its earnings results on Wednesday, August 6th. The company reported $0.32 EPS for the quarter, topping analysts' consensus estimates of $0.29 by $0.03. The firm had revenue of $364.11 million during the quarter, compared to analysts' expectations of $363.51 million. Bentley Systems had a return on equity of 28.41% and a net margin of 17.91%. The company's quarterly revenue was up 10.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.31 EPS. As a group, analysts predict that Bentley Systems, Incorporated will post 0.88 EPS for the current year.

Bentley Systems Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 12th. Investors of record on Tuesday, June 3rd were issued a dividend of $0.07 per share. The ex-dividend date was Tuesday, June 3rd. This represents a $0.28 dividend on an annualized basis and a yield of 0.5%. Bentley Systems's payout ratio is presently 35.44%.

Bentley Systems Profile

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.