LBP AM SA boosted its holdings in shares of Bentley Systems, Incorporated (NASDAQ:BSY - Free Report) by 13.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 329,556 shares of the company's stock after buying an additional 38,536 shares during the quarter. LBP AM SA owned approximately 0.11% of Bentley Systems worth $12,965,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of BSY. Axxcess Wealth Management LLC raised its stake in Bentley Systems by 3.7% in the first quarter. Axxcess Wealth Management LLC now owns 8,471 shares of the company's stock valued at $333,000 after buying an additional 301 shares during the period. Trium Capital LLP raised its stake in Bentley Systems by 52.8% in the first quarter. Trium Capital LLP now owns 10,920 shares of the company's stock valued at $430,000 after buying an additional 3,772 shares during the period. Concurrent Investment Advisors LLC raised its stake in Bentley Systems by 0.4% in the first quarter. Concurrent Investment Advisors LLC now owns 140,666 shares of the company's stock valued at $5,534,000 after buying an additional 628 shares during the period. HM Payson & Co. bought a new stake in Bentley Systems in the first quarter valued at approximately $45,000. Finally, IFM Investors Pty Ltd raised its stake in Bentley Systems by 7.1% in the first quarter. IFM Investors Pty Ltd now owns 37,656 shares of the company's stock valued at $1,481,000 after buying an additional 2,484 shares during the period. Institutional investors and hedge funds own 44.16% of the company's stock.
Analysts Set New Price Targets
Several analysts have issued reports on BSY shares. JPMorgan Chase & Co. dropped their price objective on Bentley Systems from $52.00 to $45.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 9th. Rosenblatt Securities cut their price objective on shares of Bentley Systems from $62.00 to $53.00 and set a "buy" rating for the company in a research report on Monday, May 5th. KeyCorp raised their price objective on shares of Bentley Systems from $56.00 to $59.00 and gave the stock an "overweight" rating in a research report on Monday, July 7th. Royal Bank Of Canada upped their target price on Bentley Systems from $53.00 to $55.00 and gave the company an "outperform" rating in a research report on Thursday, May 8th. Finally, Oppenheimer upped their target price on Bentley Systems from $49.00 to $50.00 and gave the company an "outperform" rating in a research report on Thursday, May 8th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, Bentley Systems currently has a consensus rating of "Moderate Buy" and an average target price of $52.30.
Check Out Our Latest Report on BSY
Insider Buying and Selling
In related news, Director Keith A. Bentley sold 150,000 shares of the stock in a transaction that occurred 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 sale, the director owned 3,859,327 shares of the company's stock, valued at $214,347,021.58. This represents a 3.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider David R. Shaman sold 19,156 shares of the stock in a transaction that occurred 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 sale, the insider directly owned 670,558 shares in the company, valued at $36,867,278.84. This represents a 2.78% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,181,519 shares of company stock worth $60,257,023. 20.56% of the stock is owned by corporate insiders.
Bentley Systems Stock Performance
Shares of Bentley Systems stock traded down $0.33 on Friday, hitting $56.35. The stock had a trading volume of 1,677,364 shares, compared to its average volume of 1,258,425. The stock has a market cap of $16.45 billion, a price-to-earnings ratio of 71.33, a price-to-earnings-growth ratio of 4.58 and a beta of 1.09. Bentley Systems, Incorporated has a twelve month low of $36.51 and a twelve month high of $56.94. 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 business's 50 day moving average is $50.02 and its two-hundred day moving average is $46.16.
Bentley Systems (NASDAQ:BSY - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The company reported $0.35 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.30 by $0.05. The business had revenue of $370.54 million for 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 quarterly revenue was up 9.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.31 earnings per share. Analysts forecast that Bentley Systems, Incorporated will post 0.88 EPS for the current year.
Bentley Systems Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, June 12th. Investors of record on Tuesday, June 3rd were given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 0.50%. The ex-dividend date of this dividend was Tuesday, June 3rd. Bentley Systems's dividend payout ratio is currently 35.44%.
About Bentley Systems
(
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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