Cooper Investors PTY Ltd. acquired a new position in Bentley Systems, Incorporated (NASDAQ:BSY - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 121,129 shares of the company's stock, valued at approximately $4,765,000.
Several other institutional investors have also recently bought and sold shares of BSY. CIBC Asset Management Inc increased its holdings in Bentley Systems by 9.8% in the fourth quarter. CIBC Asset Management Inc now owns 10,105 shares of the company's stock valued at $472,000 after purchasing an additional 902 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its holdings in shares of Bentley Systems by 31.1% during the fourth quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 47,613 shares of the company's stock worth $2,224,000 after acquiring an additional 11,300 shares during the period. IFP Advisors Inc lifted its holdings in shares of Bentley Systems by 4,627.3% in the fourth quarter. IFP Advisors Inc now owns 4,680 shares of the company's stock valued at $220,000 after purchasing an additional 4,581 shares in the last quarter. Impax Asset Management Group plc increased its position in shares of Bentley Systems by 41.9% in the fourth quarter. Impax Asset Management Group plc now owns 2,493,059 shares of the company's stock valued at $115,719,000 after acquiring an additional 736,369 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in Bentley Systems by 10.2% during the fourth 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 in the last quarter. Institutional investors own 44.16% of the company's stock.
Bentley Systems Price Performance
Shares of BSY traded up $0.01 during trading hours on Friday, hitting $52.64. 2,745,766 shares of the company were exchanged, compared to its average volume of 1,233,339. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 1.13. Bentley Systems, Incorporated has a fifty-two week low of $36.51 and a fifty-two week high of $53.29. The company has a market cap of $15.36 billion, a price-to-earnings ratio of 66.63, a P/E/G ratio of 4.40 and a beta of 1.07. The firm's fifty day moving average is $47.36 and its 200 day moving average is $45.61.
Bentley Systems (NASDAQ:BSY - Get Free Report) last announced its quarterly earnings data 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 net margin of 18.46% and a return on equity of 29.18%. The firm had revenue of $370.54 million for the quarter, compared to the consensus estimate of $366.76 million. During the same period in the prior year, the company posted $0.31 earnings per share. The business's revenue for the quarter was up 9.7% on a year-over-year basis. On average, equities analysts anticipate that Bentley Systems, Incorporated will post 0.88 earnings per share for the current fiscal year.
Bentley Systems Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, June 12th. Investors of record on Tuesday, June 3rd were given a dividend of $0.07 per share. The ex-dividend date of this dividend was Tuesday, June 3rd. This represents a $0.28 annualized dividend and a dividend yield of 0.53%. Bentley Systems's dividend payout ratio is 35.44%.
Insider Activity at Bentley Systems
In other news, CRO Brock Ballard sold 12,363 shares of Bentley Systems stock in a transaction dated Wednesday, May 7th. The stock was sold at an average price of $45.08, for a total transaction of $557,324.04. Following the sale, the executive now directly owns 68,064 shares of the company's stock, valued at approximately $3,068,325.12. This trade represents 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 the SEC website. Also, Director Raymond B. Bentley sold 122,114 shares of the business's 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 sale, the director now owns 15,347,424 shares in the company, valued at approximately $778,114,396.80. This trade represents a 0.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,012,363 shares of company stock valued at $50,872,826 over the last three months. 20.56% of the stock is owned by insiders.
Wall Street Analysts Forecast Growth
Several equities analysts recently weighed in on BSY shares. UBS Group raised their target price on shares of Bentley Systems from $48.00 to $53.00 and gave the company a "neutral" rating in a research note on Thursday, May 8th. Wall Street Zen upgraded Bentley Systems from a "hold" rating to a "buy" rating in a research note on Sunday, June 22nd. JPMorgan Chase & Co. reduced their price target on Bentley Systems from $52.00 to $45.00 and set a "neutral" rating for the company in a research note on Wednesday, April 9th. Robert W. Baird decreased their price objective on Bentley Systems from $60.00 to $59.00 and set an "outperform" rating on the stock in a report on Thursday, February 27th. Finally, KeyCorp boosted their target price on shares of Bentley Systems from $54.00 to $56.00 and gave the company an "overweight" rating in a research report on Thursday, May 8th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $52.00.
Read Our Latest Analysis on BSY
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.
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