Bessemer Group Inc. Has $74.09 Million Stock Holdings in Bentley Systems, Incorporated (NASDAQ:BSY)

Bessemer Group Inc. increased its holdings in Bentley Systems, Incorporated (NASDAQ:BSY - Free Report) by 8,187,760.9% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,883,208 shares of the company's stock after purchasing an additional 1,883,185 shares during the period. Bessemer Group Inc. owned approximately 0.65% of Bentley Systems worth $74,086,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. Charles Schwab Investment Management Inc. lifted its holdings in shares of Bentley Systems by 1.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,052,704 shares of the company's stock valued at $49,161,000 after purchasing an additional 15,372 shares during the last quarter. Proficio Capital Partners LLC bought a new position in shares of Bentley Systems in the 4th quarter worth approximately $809,000. Bank of New York Mellon Corp boosted its stake in shares of Bentley Systems by 10.2% during the 4th quarter. Bank of New York Mellon Corp now owns 1,053,762 shares of the company's stock worth $49,211,000 after acquiring an additional 97,950 shares during the last quarter. Two Sigma Investments LP lifted its position in shares of Bentley Systems by 42.3% during the 4th quarter. Two Sigma Investments LP now owns 42,700 shares of the company's stock valued at $1,994,000 after buying an additional 12,689 shares in the last quarter. Finally, Bright Rock Capital Management LLC purchased a new stake in shares of Bentley Systems in the first quarter worth $1,967,000. Hedge funds and other institutional investors own 44.16% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Rosenblatt Securities reduced their target price on Bentley Systems from $62.00 to $53.00 and set a "buy" rating on the stock in a report on Monday, May 5th. Oppenheimer raised their price objective on shares of Bentley Systems from $49.00 to $50.00 and gave the stock an "outperform" rating in a research note on Thursday, May 8th. Mizuho lowered their target price on Bentley Systems from $60.00 to $50.00 and set an "outperform" rating for the company in a report on Tuesday, April 15th. Royal Bank Of Canada boosted their price objective on shares of Bentley Systems from $53.00 to $55.00 and gave the stock an "outperform" rating in a research note on Thursday, May 8th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Bentley Systems from $52.00 to $45.00 and set a "neutral" rating on the stock in a report on Wednesday, April 9th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, Bentley Systems presently has a consensus rating of "Moderate Buy" and an average price target of $52.00.

Insider Buying and Selling

In other news, Director Raymond B. Bentley sold 355,103 shares of the business's stock in a transaction dated 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 owns 15,992,321 shares in the company, valued at approximately $798,976,357.16. The trade was a 2.17% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CRO Brock Ballard sold 12,363 shares of the company's stock in a transaction dated 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 sale, the executive now directly owns 68,064 shares in the company, valued at approximately $3,068,325.12. The trade was a 15.37% decrease in their position. 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 quarter. Corporate insiders own 20.56% of the company's stock.

Bentley Systems Price Performance

BSY stock traded up $0.21 during trading on Thursday, reaching $52.63. 1,229,630 shares of the company were exchanged, compared to its average volume of 1,225,273. The company has a market cap of $15.36 billion, a P/E ratio of 66.62, a PEG ratio of 4.41 and a beta of 1.07. Bentley Systems, Incorporated has a 52-week low of $36.51 and a 52-week high of $53.49. The stock's 50 day moving average price is $47.18 and its 200 day moving average price is $45.58. 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 (NASDAQ:BSY - Get Free Report) last issued its earnings results on Wednesday, May 7th. The company reported $0.35 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.30 by $0.05. Bentley Systems had a return on equity of 29.18% and a net margin of 18.46%. The business had revenue of $370.54 million during the quarter, compared to analysts' expectations of $366.76 million. During the same quarter in the previous year, the business earned $0.31 EPS. The company's revenue for the quarter was up 9.7% on a year-over-year basis. As a group, analysts predict 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. Stockholders of record on Tuesday, June 3rd were issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.53%. The ex-dividend date was Tuesday, June 3rd. Bentley Systems's dividend payout ratio (DPR) is 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.