Mn Services Vermogensbeheer B.V. Sells 8,300 Shares of Bentley Systems, Incorporated (NASDAQ:BSY)

Mn Services Vermogensbeheer B.V. reduced its position in shares of Bentley Systems, Incorporated (NASDAQ:BSY - Free Report) by 9.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 75,800 shares of the company's stock after selling 8,300 shares during the period. Mn Services Vermogensbeheer B.V.'s holdings in Bentley Systems were worth $2,982,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Intech Investment Management LLC grew its holdings in shares of Bentley Systems by 3.6% during the fourth quarter. Intech Investment Management LLC now owns 7,283 shares of the company's stock worth $340,000 after purchasing an additional 254 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of Bentley Systems by 3.3% during the fourth quarter. EverSource Wealth Advisors LLC now owns 10,035 shares of the company's stock worth $469,000 after purchasing an additional 317 shares during the last quarter. Quantinno Capital Management LP grew its holdings in shares of Bentley Systems by 7.2% during the fourth quarter. Quantinno Capital Management LP now owns 5,261 shares of the company's stock worth $246,000 after purchasing an additional 354 shares during the last quarter. Prudential PLC grew its holdings in shares of Bentley Systems by 0.6% during the fourth quarter. Prudential PLC now owns 63,008 shares of the company's stock worth $2,942,000 after purchasing an additional 371 shares during the last quarter. Finally, Private Trust Co. NA lifted its stake in shares of Bentley Systems by 61.1% in the fourth quarter. Private Trust Co. NA now owns 997 shares of the company's stock worth $47,000 after acquiring an additional 378 shares during the period. 44.16% of the stock is currently owned by institutional investors.

Insider Transactions at Bentley Systems

In related news, CRO Brock Ballard sold 12,363 shares of the company's stock in a transaction on Wednesday, May 7th. The stock was sold at an average price of $45.08, for a total transaction of $557,324.04. Following the completion of the sale, the executive now owns 68,064 shares in the company, valued at approximately $3,068,325.12. This represents a 15.37% 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 Raymond B. Bentley sold 355,103 shares of the company's stock in a transaction on Monday, June 16th. The stock was sold at an average price of $49.96, for a total value of $17,740,945.88. Following the sale, the director now owns 15,992,321 shares of the company's stock, valued at $798,976,357.16. This trade represents a 2.17% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 640,560 shares of company stock valued at $32,034,898 over the last ninety days. 20.56% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on BSY shares. UBS Group lifted their price objective on Bentley Systems from $48.00 to $53.00 and gave the stock a "neutral" rating in a research note on Thursday, May 8th. Wall Street Zen lowered Bentley Systems from a "buy" rating to a "hold" rating in a research note on Saturday, June 14th. Oppenheimer lifted their price objective on Bentley Systems from $49.00 to $50.00 and gave the stock an "outperform" rating in a research note on Thursday, May 8th. JPMorgan Chase & Co. cut 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. Finally, Royal Bank Of Canada lifted their price objective on Bentley Systems from $53.00 to $55.00 and gave the stock an "outperform" rating in a research note on Thursday, May 8th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, Bentley Systems presently has a consensus rating of "Moderate Buy" and a consensus price target of $52.00.

Bentley Systems Trading Up 0.0%

BSY traded up $0.01 during trading on Friday, hitting $50.73. The company's stock had a trading volume of 2,809,714 shares, compared to its average volume of 1,226,568. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 1.13. Bentley Systems, Incorporated has a twelve month low of $36.51 and a twelve month high of $52.03. The stock's fifty day moving average price is $46.62 and its 200-day moving average price is $45.50. The firm has a market capitalization of $14.81 billion, a P/E ratio of 64.22, a PEG ratio of 4.26 and a beta of 1.07.

Bentley Systems (NASDAQ:BSY - Get Free Report) last issued its earnings results on Wednesday, May 7th. The company reported $0.35 earnings per share 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 analyst estimates of $366.76 million. During the same period in the prior year, the firm earned $0.31 earnings per share. Bentley Systems's revenue for the quarter was up 9.7% on a year-over-year basis. Analysts anticipate that Bentley Systems, Incorporated will post 0.88 EPS for the current year.

Bentley Systems Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 12th. Stockholders 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 dividend yield of 0.55%. The ex-dividend date of this dividend was Tuesday, June 3rd. Bentley Systems's payout ratio is 35.44%.

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.