Fiera Capital Corp cut its holdings in shares of Bentley Systems, Incorporated (NASDAQ:BSY - Free Report) by 2.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 927,969 shares of the company's stock after selling 25,277 shares during the period. Fiera Capital Corp owned about 0.31% of Bentley Systems worth $36,506,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently bought and sold shares of the company. LPL Financial LLC grew its position in shares of Bentley Systems by 0.5% during the fourth quarter. LPL Financial LLC now owns 330,954 shares of the company's stock worth $15,456,000 after buying an additional 1,509 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in Bentley Systems by 0.7% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 106,178 shares of the company's stock valued at $4,998,000 after purchasing an additional 713 shares in the last quarter. Norges Bank acquired a new position in Bentley Systems in the fourth quarter valued at approximately $6,361,000. Brown Brothers Harriman & Co. acquired a new position in Bentley Systems in the fourth quarter valued at approximately $84,000. Finally, Allstate Corp acquired a new position in Bentley Systems in the fourth quarter valued at approximately $211,000. 44.16% of the stock is currently owned by hedge funds and other institutional investors.
Bentley Systems Stock Performance
Shares of Bentley Systems stock traded down $0.86 during trading hours on Friday, hitting $57.12. 1,519,801 shares of the company were exchanged, compared to its average volume of 1,350,574. Bentley Systems, Incorporated has a 1 year low of $36.51 and a 1 year high of $59.25. 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 business has a 50-day moving average of $53.29 and a 200-day moving average of $47.33. The stock has a market capitalization of $16.67 billion, a price-to-earnings ratio of 72.30, a P/E/G ratio of 4.71 and a beta of 1.10.
Bentley Systems (NASDAQ:BSY - Get Free Report) last released its quarterly 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. 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 prior year, the business earned $0.31 earnings per share. The company's quarterly revenue was up 9.7% compared to the same quarter last year. As a group, analysts expect that Bentley Systems, Incorporated will post 0.88 EPS for the current fiscal year.
Bentley Systems Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 12th. Shareholders of record on Tuesday, June 3rd were given a $0.07 dividend. The ex-dividend date was Tuesday, June 3rd. This represents a $0.28 annualized dividend and a yield of 0.5%. Bentley Systems's dividend payout ratio is presently 35.44%.
Analyst Ratings Changes
A number of equities analysts recently issued reports on the company. 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. Rosenblatt Securities reduced their price objective on Bentley Systems from $62.00 to $53.00 and set a "buy" rating for the company in a research note on Monday, May 5th. KeyCorp boosted their price objective on Bentley Systems from $56.00 to $59.00 and gave the company an "overweight" rating in a research note on Monday, July 7th. Royal Bank Of Canada boosted their price objective on Bentley Systems from $53.00 to $55.00 and gave the company an "outperform" rating in a research note on Thursday, May 8th. Finally, UBS Group boosted their price objective on Bentley Systems from $48.00 to $53.00 and gave the company a "neutral" rating in a research note on Thursday, May 8th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $53.70.
View Our Latest Analysis on BSY
Insiders Place Their Bets
In other Bentley Systems news, CRO Brock Ballard sold 12,363 shares of the company's stock in a transaction on Wednesday, May 7th. The stock was sold at an average price of $45.08, for a total value of $557,324.04. Following the sale, the executive owned 68,064 shares of the company's stock, valued at approximately $3,068,325.12. This represents a 15.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider David R. Shaman sold 19,348 shares of the company's stock in a transaction on Monday, July 14th. The shares were 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 directly owned 647,609 shares in the company, valued at $36,887,808.64. This trade represents a 2.90% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,202,232 shares of company stock worth $61,437,713. 20.56% of the stock is owned by insiders.
Bentley Systems Company Profile
(
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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