Bentley Systems, Incorporated (NASDAQ:BSY) Stock Position Lifted by SG Americas Securities LLC

SG Americas Securities LLC raised its holdings in Bentley Systems, Incorporated (NASDAQ:BSY - Free Report) by 449.7% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 384,291 shares of the company's stock after acquiring an additional 314,387 shares during the period. SG Americas Securities LLC owned 0.13% of Bentley Systems worth $15,118,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. City Holding Co. purchased a new stake in shares of Bentley Systems during the 1st quarter valued at $26,000. Private Trust Co. NA grew its stake in shares of Bentley Systems by 61.1% during the 4th quarter. Private Trust Co. NA now owns 997 shares of the company's stock valued at $47,000 after buying an additional 378 shares during the period. Atala Financial Inc purchased a new stake in shares of Bentley Systems during the 4th quarter valued at $55,000. Ameriflex Group Inc. purchased a new stake in shares of Bentley Systems during the 4th quarter valued at $75,000. Finally, Tortoise Investment Management LLC grew its stake in shares of Bentley Systems by 76.9% during the 4th quarter. Tortoise Investment Management LLC now owns 1,675 shares of the company's stock valued at $78,000 after buying an additional 728 shares during the period. 44.16% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CRO Brock Ballard sold 12,363 shares of the company's stock in a transaction dated Wednesday, May 7th. The shares were sold at an average price of $45.08, for a total value of $557,324.04. Following 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 position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 20.56% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Rosenblatt Securities lowered their price objective on shares of Bentley Systems from $62.00 to $53.00 and set a "buy" rating for the company in a research note on Monday, May 5th. The Goldman Sachs Group cut shares of Bentley Systems from a "neutral" rating to a "sell" rating and lowered their price objective for the company from $51.00 to $42.00 in a research note on Friday, February 28th. Wall Street Zen cut shares of Bentley Systems from a "buy" rating to a "hold" rating in a research report on Saturday. Mizuho decreased their price target on shares of Bentley Systems from $60.00 to $50.00 and set an "outperform" rating for the company in a research report on Tuesday, April 15th. Finally, Royal Bank of Canada upped their price target on shares of Bentley Systems from $53.00 to $55.00 and gave the stock an "outperform" rating in a research report 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's stock. According to data from MarketBeat.com, Bentley Systems presently has a consensus rating of "Moderate Buy" and an average price target of $52.00.

Bentley Systems Stock Up 0.3%

NASDAQ:BSY traded up $0.16 on Friday, reaching $49.34. The stock had a trading volume of 1,252,376 shares, compared to its average volume of 1,221,923. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 1.37. The company has a 50-day moving average of $45.70 and a 200 day moving average of $45.50. The stock has a market cap of $14.40 billion, a P/E ratio of 44.45, a price-to-earnings-growth ratio of 3.52 and a beta of 1.07. Bentley Systems, Incorporated has a 12-month low of $36.51 and a 12-month high of $52.12.

Bentley Systems (NASDAQ:BSY - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $0.35 earnings per share for the quarter, beating analysts' consensus estimates of $0.30 by $0.05. The company had revenue of $370.54 million during the quarter, compared to analysts' expectations of $366.76 million. Bentley Systems had a net margin of 27.73% and a return on equity of 29.50%. The firm's revenue for the quarter was up 9.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.31 EPS. On average, research analysts predict that Bentley Systems, Incorporated will post 0.88 earnings per share for the current year.

Bentley Systems Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 12th. Stockholders of record on Tuesday, June 3rd were paid a $0.07 dividend. The ex-dividend date of this dividend was Tuesday, June 3rd. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.57%. Bentley Systems's dividend payout ratio (DPR) is presently 35.44%.

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.