8,473 Shares in Bentley Systems, Incorporated $BSY Acquired by Jump Financial LLC

Jump Financial LLC purchased a new stake in Bentley Systems, Incorporated (NASDAQ:BSY - Free Report) during the first quarter, according to its most recent filing with the SEC. The firm purchased 8,473 shares of the company's stock, valued at approximately $333,000.

Several other hedge funds and other institutional investors have also bought and sold shares of BSY. Vanguard Group Inc. grew its holdings in shares of Bentley Systems by 5.3% in the 1st quarter. Vanguard Group Inc. now owns 17,999,856 shares of the company's stock valued at $708,114,000 after buying an additional 898,115 shares during the period. Bessemer Group Inc. grew its stake 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. Northern Trust Corp increased its holdings in shares of Bentley Systems by 18.9% in the fourth quarter. Northern Trust Corp now owns 1,439,065 shares of the company's stock worth $67,204,000 after acquiring an additional 228,502 shares in the last quarter. Skandinaviska Enskilda Banken AB publ increased its holdings in shares of Bentley Systems by 44.7% in the first quarter. Skandinaviska Enskilda Banken AB publ now owns 804,061 shares of the company's stock worth $31,608,000 after acquiring an additional 248,359 shares in the last quarter. Finally, Woodline Partners LP raised its position in shares of Bentley Systems by 10.9% during the fourth quarter. Woodline Partners LP now owns 435,267 shares of the company's stock worth $20,327,000 after purchasing an additional 42,931 shares during the period. Institutional investors own 44.16% of the company's stock.

Insider Activity at Bentley Systems

In other news, Director Raymond B. Bentley sold 122,114 shares of the firm's stock in a transaction that occurred on 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 completion of the sale, the director directly owned 15,347,424 shares of the company's stock, valued at $778,114,396.80. This trade represents a 0.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider David R. Shaman sold 19,348 shares of Bentley Systems stock in a transaction on Monday, July 14th. The stock was sold at an average price of $56.96, for a total transaction of $1,102,062.08. Following the transaction, the insider directly owned 647,609 shares of the company's stock, valued at approximately $36,887,808.64. This trade represents a 2.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,189,869 shares of company stock worth $60,880,388. Insiders own 20.56% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on BSY. Wall Street Zen lowered Bentley Systems from a "buy" rating to a "hold" rating in a research report on Wednesday, July 16th. Robert W. Baird set a $64.00 price target on shares of Bentley Systems and gave the company an "outperform" rating in a report on Wednesday, July 30th. Piper Sandler increased their price objective on shares of Bentley Systems from $57.00 to $63.00 and gave the stock an "overweight" rating in a research report on Thursday, August 7th. Oppenheimer boosted their price objective on shares of Bentley Systems from $59.00 to $65.00 and gave the company an "outperform" rating in a research report on Thursday, August 7th. Finally, KeyCorp upped their target price on shares of Bentley Systems from $56.00 to $59.00 and gave the stock an "overweight" rating in a research note on Monday, July 7th. Six equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $56.60.

Bentley Systems Stock Up 0.1%

BSY stock traded up $0.06 during mid-day trading on Friday, reaching $53.80. The company had a trading volume of 1,499,356 shares, compared to its average volume of 1,588,469. The company has a market capitalization of $15.71 billion, a price-to-earnings ratio of 68.10, a PEG ratio of 4.34 and a beta of 1.09. Bentley Systems, Incorporated has a 52 week low of $36.51 and a 52 week high of $59.25. The stock has a 50 day simple moving average of $55.55 and a two-hundred day simple moving average of $48.65. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.51 and a quick ratio of 0.51.

Bentley Systems (NASDAQ:BSY - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The company reported $0.32 EPS for the quarter, beating analysts' consensus estimates of $0.29 by $0.03. Bentley Systems had a net margin of 17.91% and a return on equity of 28.41%. The firm had revenue of $364.11 million during the quarter, compared to analysts' expectations of $363.51 million. During the same quarter last year, the company posted $0.31 earnings per share. The company's revenue for the quarter was up 10.2% compared to the same quarter last year. As a group, equities analysts predict that Bentley Systems, Incorporated will post 0.88 earnings per share for the current fiscal year.

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.