23,375 Shares in Bentley Systems, Incorporated (NASDAQ:BSY) Purchased by Teacher Retirement System of Texas

Teacher Retirement System of Texas purchased a new stake in shares of Bentley Systems, Incorporated (NASDAQ:BSY - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 23,375 shares of the company's stock, valued at approximately $920,000.

Other large investors have also added to or reduced their stakes in the company. City Holding Co. purchased a new position in shares of Bentley Systems in the first quarter worth $26,000. Fifth Third Bancorp lifted its holdings in shares of Bentley Systems by 106.6% in the first quarter. Fifth Third Bancorp now owns 843 shares of the company's stock worth $33,000 after buying an additional 435 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Bentley Systems by 99.0% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,419 shares of the company's stock worth $56,000 after buying an additional 706 shares in the last quarter. Ameriflex Group Inc. purchased a new position in shares of Bentley Systems in the fourth quarter worth $75,000. Finally, CIBC Private Wealth Group LLC lifted its holdings in shares of Bentley Systems by 42.0% in the fourth quarter. CIBC Private Wealth Group LLC now owns 1,673 shares of the company's stock worth $78,000 after buying an additional 495 shares in the last quarter. Hedge funds and other institutional investors own 44.16% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. KeyCorp boosted their target price on shares of Bentley Systems from $56.00 to $59.00 and gave the stock an "overweight" rating in a report on Monday, July 7th. Mizuho lowered their target price on shares of Bentley Systems from $60.00 to $50.00 and set an "outperform" rating on the stock in a report on Tuesday, April 15th. Oppenheimer boosted their price target on shares of Bentley Systems from $50.00 to $59.00 and gave the stock an "outperform" rating in a research report on Thursday. Wall Street Zen cut shares of Bentley Systems from a "buy" rating to a "hold" rating in a research report on Wednesday. Finally, Rosenblatt Securities reduced their price target on shares of Bentley Systems from $62.00 to $53.00 and set a "buy" rating on the stock in a research report on Monday, May 5th. One research 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. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $53.20.

Insider Activity at Bentley Systems

In other news, CRO Brock Ballard sold 12,363 shares of the business's stock in a transaction 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 completion of the sale, the executive directly owned 68,064 shares of the company's stock, valued at approximately $3,068,325.12. The trade was a 15.37% 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 this link. Also, insider David R. Shaman sold 19,348 shares of the business's stock in a transaction on Monday, July 14th. The shares were sold at an average price of $56.96, for a total transaction of $1,102,062.08. Following the sale, the insider directly owned 647,609 shares of the company's stock, valued at $36,887,808.64. This represents a 2.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,201,832 shares of company stock valued at $61,414,013 over the last ninety days. Company insiders own 20.56% of the company's stock.

Bentley Systems Trading Down 0.0%

BSY stock traded down $0.03 during mid-day trading on Friday, reaching $57.56. 742,015 shares of the stock traded hands, compared to its average volume of 1,526,598. 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, Incorporated has a one year low of $36.51 and a one year high of $57.99. The stock has a market capitalization of $16.80 billion, a PE ratio of 72.86, a PEG ratio of 4.68 and a beta of 1.09. The business has a 50-day moving average price of $50.99 and a two-hundred day moving average price of $46.45.

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. Bentley Systems had a net margin of 18.46% and a return on equity of 29.18%. The business had revenue of $370.54 million for the quarter, compared to analysts' expectations of $366.76 million. During the same quarter in the previous year, the business posted $0.31 earnings per share. The business's revenue was up 9.7% compared to the same quarter last year. Equities research analysts expect that Bentley Systems, Incorporated will post 0.88 EPS for the current year.

Bentley Systems Dividend Announcement

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 dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.49%. The ex-dividend date was Tuesday, June 3rd. Bentley Systems's dividend payout ratio is currently 35.44%.

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.