Bentley Systems, Incorporated (NASDAQ:BSY) Shares Sold by Impax Asset Management Group plc

Impax Asset Management Group plc decreased its holdings in shares of Bentley Systems, Incorporated (NASDAQ:BSY - Free Report) by 3.1% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 2,415,979 shares of the company's stock after selling 77,080 shares during the period. Impax Asset Management Group plc owned approximately 0.80% of Bentley Systems worth $94,342,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of BSY. Charles Schwab Investment Management Inc. boosted its position in Bentley Systems by 1.5% in 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 buying an additional 15,372 shares during the last quarter. Proficio Capital Partners LLC purchased a new stake in Bentley Systems in the fourth quarter valued at approximately $809,000. Two Sigma Investments LP boosted its position in Bentley Systems by 42.3% in the fourth 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 during the last quarter. Bright Rock Capital Management LLC acquired a new position in Bentley Systems in the first quarter valued at approximately $1,967,000. Finally, Bessemer Group Inc. lifted its holdings in Bentley Systems by 8,187,760.9% in the first quarter. Bessemer Group Inc. now owns 1,883,208 shares of the company's stock valued at $74,086,000 after acquiring an additional 1,883,185 shares during the period. Hedge funds and other institutional investors own 44.16% of the company's stock.

Bentley Systems Price Performance

Shares of BSY stock traded up $2.65 during trading hours on Friday, hitting $56.73. 1,817,965 shares of the company's stock were exchanged, compared to its average volume of 1,244,246. The firm has a 50 day moving average of $48.73 and a two-hundred day moving average of $45.89. Bentley Systems, Incorporated has a fifty-two week low of $36.51 and a fifty-two week high of $55.50. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 1.13. The firm has a market cap of $16.55 billion, a P/E ratio of 71.80, a P/E/G ratio of 4.50 and a beta of 1.09.

Bentley Systems (NASDAQ:BSY - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.30 by $0.05. The firm had revenue of $370.54 million during the quarter, compared to the consensus estimate of $366.76 million. Bentley Systems had a return on equity of 29.18% and a net margin of 18.46%. The firm's revenue was up 9.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.31 EPS. Sell-side analysts forecast that Bentley Systems, Incorporated will post 0.88 EPS for the current year.

Bentley Systems Announces Dividend

The business 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 annualized dividend and a yield of 0.49%. The ex-dividend date of this dividend was Tuesday, June 3rd. Bentley Systems's payout ratio is currently 35.44%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Wall Street Zen downgraded Bentley Systems from a "buy" rating to a "hold" rating in a report on Monday, June 30th. UBS Group boosted their price target on Bentley Systems from $48.00 to $53.00 and gave the company a "neutral" rating in a report on Thursday, May 8th. Oppenheimer boosted their price target on Bentley Systems from $49.00 to $50.00 and gave the company an "outperform" rating in a report on Thursday, May 8th. Royal Bank Of Canada boosted their price target on Bentley Systems from $53.00 to $55.00 and gave the company an "outperform" rating in a report on Thursday, May 8th. Finally, Mizuho decreased their price target on Bentley Systems from $60.00 to $50.00 and set an "outperform" rating for the company in a report on Tuesday, April 15th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $52.00.

Insider Buying and Selling at Bentley Systems

In related news, CRO Brock Ballard sold 12,363 shares of the firm's 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 completion of the transaction, the executive directly owned 68,064 shares in the company, valued at $3,068,325.12. This trade represents a 15.37% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Raymond B. Bentley sold 122,114 shares of the stock in a transaction dated Friday, June 20th. The shares were sold at an average price of $50.70, for a total value of $6,191,179.80. Following the completion of the sale, the director directly owned 15,347,424 shares in the company, valued at $778,114,396.80. This represents a 0.79% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,012,363 shares of company stock valued at $50,872,826. 20.56% of the stock is owned by company insiders.

Bentley Systems Company 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.