Cwm LLC Acquires 9,110 Shares of Bentley Systems, Incorporated (NASDAQ:BSY)

CWM LLC increased its position in Bentley Systems, Incorporated (NASDAQ:BSY - Free Report) by 31.1% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 38,413 shares of the company's stock after acquiring 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 quarter.

A number of other large investors also recently modified their holdings of the company. Intech Investment Management LLC boosted its position in shares of Bentley Systems by 3.6% in the fourth quarter. Intech Investment Management LLC now owns 7,283 shares of the company's stock valued at $340,000 after acquiring an additional 254 shares during the period. Axxcess Wealth Management LLC boosted its position in shares of Bentley Systems by 3.7% in the first quarter. Axxcess Wealth Management LLC now owns 8,471 shares of the company's stock valued at $333,000 after acquiring an additional 301 shares during the period. Prentiss Smith & Co. Inc. boosted its position in shares of 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 period. Quantinno Capital Management LP boosted its position in shares of Bentley Systems by 7.2% in the fourth quarter. Quantinno Capital Management LP now owns 5,261 shares of the company's stock valued at $246,000 after acquiring an additional 354 shares during the period. Finally, Prudential PLC boosted its position in shares of Bentley Systems by 0.6% in the fourth quarter. Prudential PLC now owns 63,008 shares of the company's stock valued at $2,942,000 after acquiring an additional 371 shares during the period. 44.16% of the stock is currently owned by institutional investors.

Insider Activity at Bentley Systems

In other news, CRO Brock Ballard sold 12,363 shares of the business's stock in a transaction on Wednesday, May 7th. The shares were sold at an average price of $45.08, for a total transaction of $557,324.04. Following the sale, the executive owned 68,064 shares in the company, valued at approximately $3,068,325.12. The trade was a 15.37% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Keith A. Bentley sold 150,000 shares of the business's stock in a transaction on Monday, July 7th. The shares were sold at an average price of $55.54, for a total transaction of $8,331,000.00. Following the sale, the director owned 3,859,327 shares in the company, valued at approximately $214,347,021.58. This trade represents a 3.74% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,201,832 shares of company stock valued at $61,414,013 in the last 90 days. 20.56% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

BSY has been the subject of several research analyst reports. UBS Group lifted 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. KeyCorp lifted their target price on shares of Bentley Systems from $56.00 to $59.00 and gave the company an "overweight" rating in a research report on Monday, July 7th. JPMorgan Chase & Co. decreased their price target on shares of Bentley Systems from $52.00 to $45.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 9th. Wall Street Zen downgraded shares of Bentley Systems from a "buy" rating to a "hold" rating in a research note on Wednesday, July 16th. Finally, Oppenheimer lifted their price target on shares of Bentley Systems from $50.00 to $59.00 and gave the stock an "outperform" rating in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat.com, Bentley Systems presently has a consensus rating of "Moderate Buy" and a consensus target price of $53.20.

Bentley Systems Trading Up 0.2%

Shares of NASDAQ BSY traded up $0.09 during mid-day trading on Monday, hitting $57.90. The stock had a trading volume of 1,201,910 shares, compared to its average volume of 1,275,603. 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 1 year low of $36.51 and a 1 year high of $58.48. The business has a 50 day moving average price of $51.22 and a two-hundred day moving average price of $46.52. The firm has a market cap of $16.90 billion, a P/E ratio of 73.29, a price-to-earnings-growth ratio of 4.70 and a beta of 1.09.

Bentley Systems (NASDAQ:BSY - Get Free Report) last issued its earnings results on Wednesday, May 7th. The company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.30 by $0.05. The company 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 firm's revenue for the quarter was up 9.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.31 earnings per share. On average, equities analysts anticipate that Bentley Systems, Incorporated will post 0.88 EPS 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 given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 0.48%. The ex-dividend date was Tuesday, June 3rd. Bentley Systems's payout ratio is currently 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.