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

Robeco Schweiz AG cut its holdings in shares of Bentley Systems, Incorporated (NASDAQ:BSY - Free Report) by 3.2% during the 1st quarter, according to 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 quarter. Robeco Schweiz AG owned approximately 0.10% of Bentley Systems worth $12,066,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Intech Investment Management LLC lifted its stake in Bentley Systems by 3.6% in the fourth quarter. Intech Investment Management LLC now owns 7,283 shares of the company's stock valued at $340,000 after acquiring an additional 254 shares during the last quarter. Axxcess Wealth Management LLC raised its holdings in shares of Bentley Systems by 3.7% in the 1st quarter. Axxcess Wealth Management LLC now owns 8,471 shares of the company's stock valued at $333,000 after purchasing an additional 301 shares during the period. Prentiss Smith & Co. Inc. lifted its stake in Bentley Systems by 0.5% in the 1st quarter. Prentiss Smith & Co. Inc. now owns 64,171 shares of the company's stock valued at $2,524,000 after purchasing an additional 315 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in Bentley Systems by 3.3% in the 4th quarter. EverSource Wealth Advisors LLC now owns 10,035 shares of the company's stock valued at $469,000 after purchasing an additional 317 shares during the last quarter. Finally, Quantinno Capital Management LP increased its position in 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 buying an additional 354 shares during the last quarter. 44.16% of the stock is currently owned by institutional investors and hedge funds.

Bentley Systems Price Performance

BSY stock opened at $56.68 on Friday. The stock has a market cap of $16.54 billion, a price-to-earnings ratio of 71.75, a P/E/G ratio of 4.55 and a beta of 1.09. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.49 and a quick ratio of 0.49. The company has a 50 day simple moving average of $49.77 and a 200 day simple moving average of $46.12. Bentley Systems, Incorporated has a 1 year low of $36.51 and a 1 year high of $56.80.

Bentley Systems (NASDAQ:BSY - Get Free Report) last issued its 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. Bentley Systems had a return on equity of 29.18% and a net margin of 18.46%. The business had revenue of $370.54 million during the quarter, compared to analysts' expectations of $366.76 million. During the same quarter in the prior year, the firm earned $0.31 EPS. The business's revenue for the quarter was up 9.7% compared to the same quarter last year. Research analysts anticipate that Bentley Systems, Incorporated will post 0.88 EPS for the current fiscal year.

Bentley Systems Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 12th. Stockholders of record on Tuesday, June 3rd were issued a $0.07 dividend. The ex-dividend date of this dividend was Tuesday, June 3rd. This represents a $0.28 annualized dividend and a dividend yield of 0.49%. Bentley Systems's dividend payout ratio is currently 35.44%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on BSY shares. Wall Street Zen upgraded shares of Bentley Systems from a "hold" rating to a "buy" rating in a research note on Tuesday. JPMorgan Chase & Co. dropped their price target on 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 upped their price objective on Bentley Systems from $48.00 to $53.00 and gave the company a "neutral" rating in a report on Thursday, May 8th. Rosenblatt Securities lowered their price objective on Bentley Systems from $62.00 to $53.00 and set a "buy" rating on the stock in a research report on Monday, May 5th. 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 report on Thursday, May 8th. One research analyst has rated the stock with a sell rating, two have given a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $52.30.

Insider Activity

In other news, insider David R. Shaman sold 19,156 shares of the business's stock in a transaction dated Thursday, July 3rd. The stock was sold at an average price of $54.98, for a total transaction of $1,053,196.88. Following the completion of the transaction, the insider owned 670,558 shares of the company's stock, valued at approximately $36,867,278.84. The trade was a 2.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Raymond B. Bentley sold 355,103 shares of the business's stock in a transaction that occurred 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 completion of the sale, the director owned 15,992,321 shares of the company's stock, valued at $798,976,357.16. The trade was a 2.17% decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,181,519 shares of company stock worth $60,257,023 in the last quarter. 20.56% of the stock is owned by corporate insiders.

Bentley Systems Company 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.

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