GAMMA Investing LLC Buys 19,003 Shares of Bentley Systems, Incorporated (NASDAQ:BSY)

GAMMA Investing LLC increased its position in Bentley Systems, Incorporated (NASDAQ:BSY - Free Report) by 6,071.2% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 19,316 shares of the company's stock after purchasing an additional 19,003 shares during the quarter. GAMMA Investing LLC's holdings in Bentley Systems were worth $760,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Pictet Asset Management Holding SA lifted its stake in shares of Bentley Systems by 0.4% in the 4th quarter. Pictet Asset Management Holding SA now owns 5,614,750 shares of the company's stock valued at $262,209,000 after purchasing an additional 24,019 shares during the period. Impax Asset Management Group plc lifted its stake in shares of Bentley Systems by 41.9% in the 4th quarter. Impax Asset Management Group plc now owns 2,493,059 shares of the company's stock valued at $115,719,000 after purchasing an additional 736,369 shares during the period. AXA S.A. lifted its stake in shares of Bentley Systems by 7.6% in the 4th quarter. AXA S.A. now owns 1,603,157 shares of the company's stock valued at $74,867,000 after purchasing an additional 112,824 shares during the period. Northern Trust Corp lifted its stake in shares of Bentley Systems by 18.9% in the 4th quarter. Northern Trust Corp now owns 1,439,065 shares of the company's stock valued at $67,204,000 after purchasing an additional 228,502 shares during the period. Finally, Bank of New York Mellon Corp raised its stake 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 valued at $49,211,000 after buying an additional 97,950 shares during the last quarter. Hedge funds and other institutional investors own 44.16% of the company's stock.

Insider Buying and Selling

In related news, CRO Brock Ballard sold 12,363 shares of Bentley Systems 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 completion of the sale, the executive now owns 68,064 shares of the company's stock, valued at $3,068,325.12. The trade was a 15.37% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, 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 value of $17,740,945.88. Following the sale, the director now directly owns 15,992,321 shares of the company's stock, valued at $798,976,357.16. This represents a 2.17% decrease in their position. The disclosure for this sale can be found here. Insiders sold 640,560 shares of company stock valued at $32,034,898 over the last 90 days. Company insiders own 20.56% of the company's stock.

Bentley Systems Stock Up 0.0%

Shares of Bentley Systems stock traded up $0.01 on Friday, reaching $50.73. The company's stock had a trading volume of 2,809,714 shares, compared to its average volume of 1,226,568. The company has a market capitalization of $14.81 billion, a price-to-earnings ratio of 64.22, a P/E/G ratio of 4.26 and a beta of 1.07. The firm's fifty day simple moving average is $46.62 and its two-hundred day simple moving average is $45.50. Bentley Systems, Incorporated has a 52 week low of $36.51 and a 52 week high of $52.03. 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 (NASDAQ:BSY - Get Free Report) last posted its earnings results on Wednesday, May 7th. The company reported $0.35 EPS for the quarter, topping analysts' consensus estimates of $0.30 by $0.05. The business had revenue of $370.54 million during the quarter, compared to analyst estimates of $366.76 million. Bentley Systems had a return on equity of 29.18% and a net margin of 18.46%. The company's quarterly revenue was up 9.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.31 EPS. Equities analysts anticipate that Bentley Systems, Incorporated will post 0.88 earnings per share for the current year.

Bentley Systems Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 12th. Shareholders of record on Tuesday, June 3rd were issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.55%. The ex-dividend date was Tuesday, June 3rd. Bentley Systems's payout ratio is 35.44%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on BSY shares. UBS Group lifted 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. Wall Street Zen cut Bentley Systems from a "buy" rating to a "hold" rating in a research note on Saturday, June 14th. Royal Bank Of Canada lifted 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. Robert W. Baird lowered their price objective on Bentley Systems from $60.00 to $59.00 and set an "outperform" rating for the company in a research note on Thursday, February 27th. Finally, JPMorgan Chase & Co. lowered their price objective 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. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, Bentley Systems currently has an average rating of "Moderate Buy" and an average price target of $52.00.

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.