Value Partners Investments Inc. lowered its holdings in Bentley Systems, Incorporated (NASDAQ:BSY - Free Report) by 22.1% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 26,970 shares of the company's stock after selling 7,638 shares during the period. Value Partners Investments Inc.'s holdings in Bentley Systems were worth $1,062,000 at the end of the most recent reporting period.
Other large investors have also recently modified their holdings of the company. Bessemer Group Inc. lifted its position in Bentley Systems by 8,187,760.9% during the first quarter. Bessemer Group Inc. now owns 1,883,208 shares of the company's stock valued at $74,086,000 after purchasing an additional 1,883,185 shares during the last quarter. Lecap Asset Management Ltd. purchased a new stake in shares of Bentley Systems during the 1st quarter valued at $1,612,000. Cooper Investors PTY Ltd. bought a new stake in shares of Bentley Systems during the 1st quarter worth $4,765,000. Asset Management One Co. Ltd. lifted its holdings in shares of Bentley Systems by 4.0% during the 1st quarter. Asset Management One Co. Ltd. now owns 60,990 shares of the company's stock worth $2,399,000 after acquiring an additional 2,332 shares during the last quarter. Finally, Covea Finance grew its position in Bentley Systems by 33.6% in the first quarter. Covea Finance now owns 37,000 shares of the company's stock worth $1,456,000 after acquiring an additional 9,300 shares in the last quarter. Institutional investors own 44.16% of the company's stock.
Insider Buying and Selling at Bentley Systems
In related news, CRO Brock Ballard sold 12,363 shares of the company'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 completion of the transaction, the executive now owns 68,064 shares in the company, valued at approximately $3,068,325.12. This represents a 15.37% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Raymond B. Bentley sold 355,103 shares of the firm's stock in a transaction on Monday, June 16th. The shares were sold at an average price of $49.96, for a total transaction of $17,740,945.88. Following the transaction, the director now directly owns 15,992,321 shares of the company's stock, valued at $798,976,357.16. The trade was a 2.17% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,012,363 shares of company stock valued at $50,872,826 over the last ninety days. 20.56% of the stock is currently owned by company insiders.
Wall Street Analysts Forecast Growth
A number of research firms have weighed in on BSY. Wall Street Zen upgraded Bentley Systems from a "hold" rating to a "buy" rating in a research report on Sunday. Robert W. Baird dropped their target price on Bentley Systems from $60.00 to $59.00 and set an "outperform" rating for the company in a research report on Thursday, February 27th. Rosenblatt Securities reduced 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 report on Monday, May 5th. Oppenheimer boosted their price objective on shares of Bentley Systems from $49.00 to $50.00 and gave the stock an "outperform" rating in a report on Thursday, May 8th. Finally, JPMorgan Chase & Co. cut their price target on shares of Bentley Systems from $52.00 to $45.00 and set a "neutral" rating for the company in a research report on Wednesday, April 9th. One analyst has rated the stock with a sell rating, two have issued a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $52.00.
Check Out Our Latest Stock Report on Bentley Systems
Bentley Systems Stock Performance
NASDAQ BSY traded up $0.21 on Thursday, hitting $52.63. 1,229,630 shares of the company traded hands, compared to its average volume of 1,225,273. The business's 50 day moving average price is $47.18 and its 200-day moving average price is $45.58. Bentley Systems, Incorporated has a 52-week low of $36.51 and a 52-week high of $53.49. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 1.13. The company has a market capitalization of $15.36 billion, a price-to-earnings ratio of 66.62, a P/E/G ratio of 4.41 and a beta of 1.07.
Bentley Systems (NASDAQ:BSY - Get Free Report) last released its earnings results on Wednesday, May 7th. The company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.05. The company had revenue of $370.54 million during the quarter, compared to analyst estimates of $366.76 million. Bentley Systems had a net margin of 18.46% and a return on equity of 29.18%. The firm's quarterly revenue was up 9.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.31 EPS. Equities analysts expect that Bentley Systems, Incorporated will post 0.88 earnings per share for the current year.
Bentley Systems Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, June 12th. Shareholders of record on Tuesday, June 3rd were paid a $0.07 dividend. The ex-dividend date of this dividend was Tuesday, June 3rd. This represents a $0.28 dividend on an annualized basis and a yield of 0.53%. Bentley Systems's payout ratio is presently 35.44%.
About Bentley Systems
(
Free Report)
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.
Featured Articles
Before you consider Bentley Systems, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Bentley Systems wasn't on the list.
While Bentley Systems currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
