Bentley Systems, Incorporated (NASDAQ:BSY) Stake Lessened by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. reduced its position in Bentley Systems, Incorporated (NASDAQ:BSY - Free Report) by 97.2% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 50,242 shares of the company's stock after selling 1,740,758 shares during the period. Jefferies Financial Group Inc.'s holdings in Bentley Systems were worth $2,346,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the company. Ameriflex Group Inc. purchased a new position in shares of Bentley Systems during the 4th quarter valued at approximately $75,000. Cache Advisors LLC acquired a new stake in Bentley Systems during the 4th quarter valued at $293,000. Voloridge Investment Management LLC increased its holdings in shares of Bentley Systems by 187.6% in the 4th quarter. Voloridge Investment Management LLC now owns 324,175 shares of the company's stock valued at $15,139,000 after purchasing an additional 211,476 shares during the period. Woodline Partners LP increased its position in Bentley Systems by 10.9% in the 4th quarter. Woodline Partners LP now owns 435,267 shares of the company's stock worth $20,327,000 after purchasing an additional 42,931 shares during the last quarter. Finally, Vident Advisory LLC increased its stake in shares of Bentley Systems by 30.0% during the 4th quarter. Vident Advisory LLC now owns 10,235 shares of the company's stock worth $478,000 after purchasing an additional 2,360 shares during the last quarter. Hedge funds and other institutional investors own 44.16% of the company's stock.

Bentley Systems Stock Performance

BSY stock traded down $0.20 during trading on Friday, reaching $47.78. The company had a trading volume of 6,092,551 shares, compared to its average volume of 1,208,258. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.52 and a current ratio of 0.52. Bentley Systems, Incorporated has a twelve month low of $36.51 and a twelve month high of $52.42. The firm has a 50-day simple moving average of $43.99 and a 200-day simple moving average of $45.41. The company has a market cap of $13.94 billion, a price-to-earnings ratio of 43.05, a price-to-earnings-growth ratio of 3.52 and a beta of 1.05.

Bentley Systems (NASDAQ:BSY - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.30 by $0.05. The firm had revenue of $370.54 million during the quarter, compared to the consensus estimate of $366.76 million. Bentley Systems had a return on equity of 29.50% and a net margin of 27.73%. The firm's revenue was up 9.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.31 EPS. As a group, sell-side analysts expect that Bentley Systems, Incorporated will post 0.88 earnings per share for the current year.

Bentley Systems Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Tuesday, June 3rd will be issued a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 0.59%. The ex-dividend date of this dividend is Tuesday, June 3rd. Bentley Systems's payout ratio is 35.44%.

Analyst Ratings Changes

BSY has been the topic of several research analyst reports. Mizuho lowered their price objective on shares of Bentley Systems from $60.00 to $50.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 15th. The Goldman Sachs Group lowered Bentley Systems from a "neutral" rating to a "sell" rating and cut their target price for the company from $51.00 to $42.00 in a research note on Friday, February 28th. Wall Street Zen upgraded shares of Bentley Systems from a "hold" rating to a "buy" rating in a report on Thursday, May 22nd. Royal Bank of Canada upped their price objective on Bentley Systems from $53.00 to $55.00 and gave the stock an "outperform" rating in a research note on Thursday, May 8th. Finally, Rosenblatt Securities decreased their price target on shares of Bentley Systems from $62.00 to $53.00 and set a "buy" rating on the stock in a research note on Monday, May 5th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $52.00.

Insider Buying and Selling

In related news, CRO Brock Ballard sold 12,363 shares of Bentley Systems stock in a transaction on Wednesday, May 7th. The stock was sold at an average price of $45.08, for a total transaction of $557,324.04. Following the completion of the transaction, the executive now directly owns 68,064 shares of the company's stock, valued at approximately $3,068,325.12. The trade was a 15.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 20.56% of the stock is owned by company insiders.

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.