Cwm LLC Increases Holdings in Bentley Systems, Incorporated (NASDAQ:BSY)

CWM LLC raised its stake in Bentley Systems, Incorporated (NASDAQ:BSY - Free Report) by 31.1% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 38,413 shares of the company's stock after purchasing an additional 9,110 shares during the quarter. CWM LLC's holdings in Bentley Systems were worth $1,511,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of BSY. City Holding Co. bought a new stake in shares of Bentley Systems in the first quarter valued at about $26,000. Fifth Third Bancorp lifted its position in Bentley Systems by 106.6% during 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. bought a new stake in Bentley Systems during the first quarter worth about $45,000. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Bentley Systems by 99.0% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,419 shares of the company's stock worth $56,000 after buying an additional 706 shares in the last quarter. Finally, Ameriflex Group Inc. acquired a new position in shares of Bentley Systems during the 4th quarter worth $75,000. 44.16% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on BSY shares. JPMorgan Chase & Co. lowered their price target on Bentley Systems from $52.00 to $45.00 and set a "neutral" rating for the company in a report on Wednesday, April 9th. UBS Group increased their price target on Bentley Systems from $48.00 to $53.00 and gave the company a "neutral" rating in a research note on Thursday, May 8th. Rosenblatt Securities cut their target price on Bentley Systems from $62.00 to $53.00 and set a "buy" rating on the stock in a research report on Monday, May 5th. Mizuho reduced their price objective on shares of Bentley Systems from $60.00 to $50.00 and set an "outperform" rating for the company in a research report on Tuesday, April 15th. Finally, Wall Street Zen lowered Bentley Systems from a "buy" rating to a "hold" rating in a report on Wednesday, July 16th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $53.20.

Insiders Place Their Bets

In related news, insider David R. Shaman sold 19,348 shares of Bentley Systems stock in a transaction dated Monday, July 14th. The stock was sold at an average price of $56.96, for a total value of $1,102,062.08. Following the completion of the sale, the insider 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 position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Raymond B. Bentley sold 122,114 shares of Bentley Systems stock in a transaction dated Friday, June 20th. The stock was 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 directly owned 15,347,424 shares of the company's stock, valued at approximately $778,114,396.80. This trade represents a 0.79% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,201,832 shares of company stock valued at $61,414,013. 20.56% of the stock is owned by insiders.

Bentley Systems Stock Up 0.6%

Shares of BSY stock traded up $0.33 during trading hours on Wednesday, reaching $58.51. The company had a trading volume of 819,225 shares, compared to its average volume of 1,278,388. Bentley Systems, Incorporated has a 12 month low of $36.51 and a 12 month high of $58.65. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.49 and a quick ratio of 0.49. The business has a fifty day simple moving average of $51.83 and a 200-day simple moving average of $46.76. The company has a market cap of $17.08 billion, a price-to-earnings ratio of 74.06, a price-to-earnings-growth ratio of 4.73 and a beta of 1.09.

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

Bentley Systems Dividend Announcement

The firm also recently declared 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 0.48%. Bentley Systems's dividend payout ratio (DPR) is currently 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.