Lbp Am Sa Has $14.37 Million Position in Bentley Systems, Incorporated $BSY

Key Points

• Lbp Am Sa reduced its stake in Bentley Systems by 19.2%, leaving it with approximately $14.37 million worth of shares after selling 63,230 shares in the second quarter.
• Analysts have varied ratings for Bentley Systems, with a consensus rating of "Moderate Buy" and a target price averaging at $56.60, while recent reports set differing price objectives ranging from $47.00 to $65.00.
• Bentley Systems announced a quarterly dividend of $0.07 per share, which reflects an annualized yield of 0.5% and a payout ratio of 35.44%.

Lbp Am Sa lowered its stake in shares of Bentley Systems, Incorporated (NASDAQ:BSY - Free Report) by 19.2% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 266,326 shares of the company's stock after selling 63,230 shares during the period. Lbp Am Sa owned about 0.09% of Bentley Systems worth $14,374,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of BSY. City Holding Co. acquired a new stake in shares of Bentley Systems in the 1st quarter valued at $26,000. Geneos Wealth Management Inc. lifted its stake in shares of Bentley Systems by 1,529.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 668 shares of the company's stock valued at $26,000 after purchasing an additional 627 shares during the last quarter. Twin Tree Management LP lifted its stake in shares of Bentley Systems by 361.9% in the 1st quarter. Twin Tree Management LP now owns 739 shares of the company's stock valued at $29,000 after purchasing an additional 579 shares during the last quarter. Larson Financial Group LLC lifted its stake in shares of Bentley Systems by 1,707.1% in the 1st quarter. Larson Financial Group LLC now owns 759 shares of the company's stock valued at $30,000 after purchasing an additional 717 shares during the last quarter. Finally, Fifth Third Bancorp lifted its stake in shares of Bentley Systems by 106.6% in the 1st quarter. Fifth Third Bancorp now owns 843 shares of the company's stock valued at $33,000 after purchasing an additional 435 shares during the last quarter. Institutional investors and hedge funds own 44.16% of the company's stock.

Analyst Ratings Changes

Several research firms recently issued reports on BSY. The Goldman Sachs Group lifted their price objective on shares of Bentley Systems from $42.00 to $47.00 and gave the company a "sell" rating in a research note on Thursday, August 7th. Robert W. Baird set a $64.00 price objective on shares of Bentley Systems and gave the company an "outperform" rating in a research note on Wednesday, July 30th. Rosenblatt Securities lowered shares of Bentley Systems from a "buy" rating to a "neutral" rating and lifted their price objective for the company from $53.00 to $58.00 in a research note on Thursday, August 7th. UBS Group lifted their target price on shares of Bentley Systems from $53.00 to $60.00 and gave the stock a "neutral" rating in a report on Thursday, August 7th. Finally, Oppenheimer boosted their target price on shares of Bentley Systems from $59.00 to $65.00 and gave the stock an "outperform" rating in a research report on Thursday, August 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. Based on data from MarketBeat, Bentley Systems has a consensus rating of "Moderate Buy" and a consensus target price of $56.60.

Insider Activity

In other news, Director Keith A. Bentley sold 150,000 shares of the business's stock in a transaction dated Monday, July 7th. The shares were sold at an average price of $55.54, for a total transaction of $8,331,000.00. Following the transaction, the director owned 3,859,327 shares in the company, valued at approximately $214,347,021.58. The trade was a 3.74% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider David R. Shaman sold 19,348 shares of the business's stock in a transaction dated 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 owned 647,609 shares in the company, valued at approximately $36,887,808.64. The trade was a 2.90% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 189,869 shares of company stock worth $10,564,887. Insiders own 20.56% of the company's stock.

Bentley Systems Stock Down 0.9%

Bentley Systems stock opened at $51.51 on Wednesday. The firm has a market cap of $15.05 billion, a price-to-earnings ratio of 65.20, a P/E/G ratio of 4.19 and a beta of 1.09. 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, Incorporated has a fifty-two week low of $36.51 and a fifty-two week high of $59.25. The firm has a fifty day moving average price of $54.30 and a two-hundred day moving average price of $49.78.

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

Bentley Systems Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 23rd were issued a dividend of $0.07 per share. The ex-dividend date was Tuesday, September 23rd. This represents a $0.28 annualized dividend and a dividend yield of 0.5%. Bentley Systems's payout ratio is presently 35.44%.

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.

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