LBP AM SA boosted its position in shares of Bentley Systems, Incorporated (NASDAQ:BSY - Free Report) by 13.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 329,556 shares of the company's stock after buying an additional 38,536 shares during the period. LBP AM SA owned 0.11% of Bentley Systems worth $12,965,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of BSY. Charles Schwab Investment Management Inc. grew its position in shares of 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 purchasing an additional 15,372 shares in the last quarter. Proficio Capital Partners LLC purchased a new stake in shares of Bentley Systems in the fourth quarter valued at approximately $809,000. Two Sigma Investments LP grew its position in shares of 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 purchasing an additional 12,689 shares in the last quarter. Bright Rock Capital Management LLC purchased a new stake in shares of Bentley Systems in the first quarter valued at approximately $1,967,000. Finally, Mirae Asset Global Investments Co. Ltd. grew its position in shares of Bentley Systems by 99.0% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,419 shares of the company's stock valued at $56,000 after purchasing an additional 706 shares in the last quarter. 44.16% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of equities research analysts have recently issued reports on the company. Mizuho dropped their price target on Bentley Systems from $60.00 to $50.00 and set an "outperform" rating for the company in a research report on Tuesday, April 15th. UBS Group increased their price objective on Bentley Systems from $48.00 to $53.00 and gave the stock a "neutral" rating in a research report on Thursday, May 8th. Wall Street Zen upgraded Bentley Systems from a "hold" rating to a "buy" rating in a research report on Tuesday. Royal Bank Of Canada increased their price objective on Bentley Systems from $53.00 to $55.00 and gave the stock an "outperform" rating in a research report on Thursday, May 8th. Finally, KeyCorp increased their price objective on Bentley Systems from $56.00 to $59.00 and gave the stock an "overweight" rating in a research report on Monday. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $52.30.
Get Our Latest Stock Analysis on Bentley Systems
Bentley Systems Trading Up 1.2%
Bentley Systems stock traded up $0.66 during mid-day trading on Thursday, hitting $56.68. The company's stock had a trading volume of 1,638,511 shares, compared to its average volume of 1,253,253. 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 stock's fifty day moving average is $49.77 and its two-hundred day moving average is $46.12. Bentley Systems, Incorporated has a 1 year low of $36.51 and a 1 year high of $56.79. The firm has a market capitalization of $16.54 billion, a PE ratio of 71.75, a price-to-earnings-growth ratio of 4.55 and a beta of 1.09.
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 analysts' consensus estimates of $0.30 by $0.05. Bentley Systems had a return on equity of 29.18% and a net margin of 18.46%. The company had revenue of $370.54 million for the quarter, compared to analysts' expectations of $366.76 million. During the same period in the prior year, the firm earned $0.31 earnings per share. The firm's revenue was up 9.7% compared to the same quarter last year. On average, analysts anticipate that Bentley Systems, Incorporated will post 0.88 EPS for the current year.
Bentley Systems Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Thursday, June 12th. Shareholders of record on Tuesday, June 3rd were paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 0.49%. The ex-dividend date was Tuesday, June 3rd. Bentley Systems's dividend payout ratio (DPR) is 35.44%.
Insider Transactions at Bentley Systems
In other Bentley Systems news, Director Keith A. Bentley sold 150,000 shares of the company's stock in a transaction on Monday, July 7th. The stock was sold at an average price of $55.54, for a total transaction of $8,331,000.00. Following the transaction, the director directly owned 3,859,327 shares in the company, valued at $214,347,021.58. This represents a 3.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider David R. Shaman sold 19,156 shares of the company's stock in a transaction on Thursday, July 3rd. The stock was sold at an average price of $54.98, for a total value of $1,053,196.88. Following the transaction, the insider owned 670,558 shares in the company, valued at $36,867,278.84. This trade represents a 2.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,181,519 shares of company stock valued at $60,257,023 over the last three months. 20.56% of the stock is currently owned by company insiders.
About Bentley Systems
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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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