Robeco Schweiz AG Sells 10,000 Shares of Bentley Systems, Incorporated (NASDAQ:BSY)

Robeco Schweiz AG reduced its stake in shares of Bentley Systems, Incorporated (NASDAQ:BSY - Free Report) by 3.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 306,706 shares of the company's stock after selling 10,000 shares during the period. Robeco Schweiz AG owned about 0.10% of Bentley Systems worth $12,066,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. City Holding Co. acquired a new position in Bentley Systems during the 1st quarter worth $26,000. Fifth Third Bancorp boosted 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 buying an additional 435 shares during the period. HM Payson & Co. acquired a new position in shares of Bentley Systems in the 1st quarter valued at about $45,000. Atala Financial Inc acquired a new position in shares of Bentley Systems in the 4th quarter valued at about $55,000. Finally, Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of 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. 44.16% of the stock is owned by institutional investors and hedge funds.

Bentley Systems Price Performance

Shares of BSY stock traded down $0.33 during midday trading on Friday, reaching $56.35. 1,677,364 shares of the company were exchanged, compared to its average volume of 1,257,274. Bentley Systems, Incorporated has a 12 month low of $36.51 and a 12 month high of $56.94. The company has a market cap of $16.45 billion, a P/E ratio of 71.33, a PEG ratio of 4.61 and a beta of 1.09. The company's 50 day moving average price is $50.02 and its two-hundred day moving average price is $46.18. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.49 and a current ratio of 0.49.

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 net margin of 18.46% and a return on equity of 29.18%. The company had revenue of $370.54 million for the quarter, compared to the consensus estimate of $366.76 million. During the same period in the previous year, the firm earned $0.31 EPS. Bentley Systems's revenue was up 9.7% on a year-over-year basis. On average, sell-side analysts expect that Bentley Systems, Incorporated will post 0.88 earnings per share for the current year.

Bentley Systems Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 12th. Investors of record on Tuesday, June 3rd were issued a $0.07 dividend. The ex-dividend date was Tuesday, June 3rd. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.50%. Bentley Systems's payout ratio is currently 35.44%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on BSY shares. JPMorgan Chase & Co. decreased their price target on shares of Bentley Systems from $52.00 to $45.00 and set a "neutral" rating for the company in a report on Wednesday, April 9th. UBS Group lifted their price target on shares of Bentley Systems from $48.00 to $53.00 and gave the company a "neutral" rating in a report on Thursday, May 8th. Royal Bank Of Canada boosted their target price on shares of Bentley Systems from $53.00 to $55.00 and gave the company an "outperform" rating in a research note on Thursday, May 8th. Wall Street Zen raised shares of Bentley Systems from a "hold" rating to a "buy" rating in a research note on Tuesday. Finally, Oppenheimer boosted their target price on shares of Bentley Systems from $49.00 to $50.00 and gave the company an "outperform" rating in a research note 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 company. Based on data from MarketBeat, Bentley Systems currently has a consensus rating of "Moderate Buy" and an average price target of $52.30.

Insider Buying and Selling at Bentley Systems

In other news, CRO Brock Ballard sold 12,363 shares of the business's stock in a transaction that occurred on Wednesday, May 7th. The shares were sold at an average price of $45.08, for a total transaction of $557,324.04. Following the sale, the executive owned 68,064 shares in the company, valued at $3,068,325.12. The trade was a 15.37% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider David R. Shaman sold 19,156 shares of the business's stock in a transaction that occurred on Thursday, July 3rd. The shares were sold at an average price of $54.98, for a total transaction of $1,053,196.88. Following the transaction, the insider directly owned 670,558 shares in the company, valued at $36,867,278.84. The trade was 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 quarter. Company insiders own 20.56% of the company's stock.

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.