Robeco Schweiz AG decreased its position in Bentley Systems, Incorporated (NASDAQ:BSY - Free Report) by 3.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 306,706 shares of the company's stock after selling 10,000 shares during the period. Robeco Schweiz AG owned approximately 0.10% of Bentley Systems worth $12,066,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. City Holding Co. acquired a new position in Bentley Systems during the first quarter worth $26,000. Fifth Third Bancorp increased its holdings 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 acquiring an additional 435 shares during the last quarter. HM Payson & Co. acquired a new stake in shares of Bentley Systems in the 1st quarter valued at about $45,000. Atala Financial Inc acquired a new stake in shares of Bentley Systems during the fourth quarter worth about $55,000. Finally, Mirae Asset Global Investments Co. Ltd. increased its stake in Bentley Systems by 99.0% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,419 shares of the company's stock valued at $56,000 after buying an additional 706 shares during the period. Institutional investors and hedge funds own 44.16% of the company's stock.
Insider Buying and Selling at Bentley Systems
In other Bentley Systems news, Director Raymond B. Bentley sold 122,114 shares of Bentley Systems stock in a transaction on Friday, June 20th. The shares were sold at an average price of $50.70, for a total transaction of $6,191,179.80. Following the sale, the director owned 15,347,424 shares of the company's stock, valued at $778,114,396.80. The trade was a 0.79% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Keith A. Bentley sold 150,000 shares of the stock in a transaction dated 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 of the company's stock, valued at approximately $214,347,021.58. This trade represents a 3.74% decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,181,519 shares of company stock valued at $60,257,023 in the last ninety days. 20.56% of the stock is owned by insiders.
Wall Street Analysts Forecast Growth
Several research analysts have recently issued reports on the company. Royal Bank Of Canada lifted their price target on Bentley Systems from $53.00 to $55.00 and gave the stock an "outperform" rating in a research note on Thursday, May 8th. Wall Street Zen upgraded Bentley Systems from a "hold" rating to a "buy" rating in a research note on Tuesday, July 8th. Oppenheimer raised their price target on shares of Bentley Systems from $49.00 to $50.00 and gave the stock an "outperform" rating in a research report on Thursday, May 8th. UBS Group boosted 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. Finally, Mizuho reduced their target price on Bentley Systems from $60.00 to $50.00 and set an "outperform" rating for the company in a report on Tuesday, April 15th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat, Bentley Systems presently has an average rating of "Moderate Buy" and a consensus target price of $52.30.
Get Our Latest Stock Analysis on BSY
Bentley Systems Price Performance
Shares of BSY traded up $0.63 during mid-day trading on Monday, reaching $56.98. 2,320,513 shares of the stock traded hands, compared to its average volume of 1,535,570. The firm has a fifty day moving average price of $50.02 and a 200 day moving average price of $46.16. The company has a market cap of $16.63 billion, a price-to-earnings ratio of 72.13, a price-to-earnings-growth ratio of 4.58 and a beta of 1.09. Bentley Systems, Incorporated has a 1 year low of $36.51 and a 1 year high of $57.42. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 1.13.
Bentley Systems (NASDAQ:BSY - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The company reported $0.35 earnings per share for the quarter, beating the consensus estimate 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 previous year, the company posted $0.31 earnings per share. The firm's revenue was up 9.7% on a year-over-year basis. As a group, equities research analysts predict that Bentley Systems, Incorporated will post 0.88 earnings per share for the current year.
Bentley Systems Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 12th. Investors of record on Tuesday, June 3rd were issued 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 of this dividend was Tuesday, June 3rd. Bentley Systems's payout ratio is currently 35.44%.
Bentley Systems Company Profile
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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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