Mn Services Vermogensbeheer B.V. Has $3.24 Million Stock Holdings in Bentley Systems, Incorporated $BSY

Key Points

• Mn Services Vermogensbeheer B.V. reduced its holdings in Bentley Systems by 20.8%, owning 60,000 shares worth approximately $3.24 million as of its latest SEC filing.
• Bentley Systems recently declared a quarterly dividend of $0.07 per share, reflecting an annual yield of 0.5% and a payout ratio of 35.44%.
• Analysts have varied opinions on Bentley Systems, with some predicting an earnings per share of 0.88 for the current fiscal year, and consensus ratings ranging from "Moderate Buy" to "Sell".

Mn Services Vermogensbeheer B.V. trimmed its position in shares of Bentley Systems, Incorporated (NASDAQ:BSY - Free Report) by 20.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 60,000 shares of the company's stock after selling 15,800 shares during the quarter. Mn Services Vermogensbeheer B.V.'s holdings in Bentley Systems were worth $3,238,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Quantinno Capital Management LP lifted its stake in shares of Bentley Systems by 7.2% in the fourth quarter. Quantinno Capital Management LP now owns 5,261 shares of the company's stock worth $246,000 after acquiring an additional 354 shares during the period. Two Sigma Investments LP lifted its stake 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 worth $1,994,000 after acquiring an additional 12,689 shares during the period. Two Sigma Advisers LP acquired a new position in shares of Bentley Systems in the fourth quarter worth approximately $243,000. Squarepoint Ops LLC lifted its stake in shares of Bentley Systems by 68.1% in the fourth quarter. Squarepoint Ops LLC now owns 210,110 shares of the company's stock worth $9,812,000 after acquiring an additional 85,144 shares during the period. Finally, Vident Advisory LLC lifted its stake in shares of Bentley Systems by 30.0% in the fourth quarter. Vident Advisory LLC now owns 10,235 shares of the company's stock worth $478,000 after acquiring an additional 2,360 shares during the period. 44.16% of the stock is owned by institutional investors and hedge funds.

Bentley Systems Trading Down 0.2%

NASDAQ BSY opened at $52.82 on Friday. The company has a market cap of $15.43 billion, a price-to-earnings ratio of 66.86, a P/E/G ratio of 4.26 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 business has a 50 day moving average price of $55.04 and a 200-day moving average price of $49.25. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 1.07.

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

Bentley Systems Announces Dividend

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

Insider Buying and Selling at Bentley Systems

In related news, insider David R. Shaman sold 19,348 shares of the company's 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 completion of the sale, the insider owned 647,609 shares in the company, valued at approximately $36,887,808.64. This represents a 2.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, 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 value 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 trade represents a 3.74% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 189,869 shares of company stock valued at $10,564,887 in the last quarter. 20.56% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Rosenblatt Securities lowered Bentley Systems from a "buy" rating to a "neutral" rating and lifted their price objective for the stock from $53.00 to $58.00 in a research note on Thursday, August 7th. The Goldman Sachs Group lifted their price objective on Bentley Systems from $42.00 to $47.00 and gave the stock a "sell" rating in a research note on Thursday, August 7th. UBS Group lifted their price objective on Bentley Systems from $53.00 to $60.00 and gave the stock a "neutral" rating in a research note on Thursday, August 7th. Piper Sandler lifted their target price on Bentley Systems from $57.00 to $63.00 and gave the stock an "overweight" rating in a report on Thursday, August 7th. Finally, Oppenheimer lifted their target price on Bentley Systems from $59.00 to $65.00 and gave the stock an "outperform" rating in a report on Thursday, August 7th. Six research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $56.60.

About Bentley Systems

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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