Teacher Retirement System of Texas acquired a new stake in Bentley Systems, Incorporated (NASDAQ:BSY - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 23,375 shares of the company's stock, valued at approximately $920,000.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. City Holding Co. acquired a new stake in Bentley Systems in the first quarter worth $26,000. Fifth Third Bancorp grew its position in Bentley Systems by 106.6% in the first quarter. Fifth Third Bancorp now owns 843 shares of the company's stock valued at $33,000 after purchasing an additional 435 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in 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 valued at $56,000 after purchasing an additional 706 shares in the last quarter. Ameriflex Group Inc. bought a new position in Bentley Systems in the fourth quarter valued at $75,000. Finally, CIBC Private Wealth Group LLC grew its position in Bentley Systems by 42.0% in the fourth quarter. CIBC Private Wealth Group LLC now owns 1,673 shares of the company's stock valued at $78,000 after purchasing an additional 495 shares in the last quarter. 44.16% of the stock is owned by institutional investors.
Bentley Systems Stock Performance
Bentley Systems stock traded up $0.45 during midday trading on Tuesday, hitting $57.43. The company's stock had a trading volume of 1,465,691 shares, compared to its average volume of 1,263,483. Bentley Systems, Incorporated has a 1-year low of $36.51 and a 1-year high of $57.83. 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 moving average price of $50.28 and a two-hundred day moving average price of $46.22. The company has a market cap of $16.76 billion, a price-to-earnings ratio of 72.70, a PEG ratio of 4.58 and a beta of 1.09.
Bentley Systems (NASDAQ:BSY - Get Free Report) last issued its earnings results on Wednesday, May 7th. The company reported $0.35 EPS for the quarter, beating the consensus estimate 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 18.46% and a return on equity of 29.18%. The business's revenue for the quarter was up 9.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.31 EPS. As a group, sell-side analysts predict that Bentley Systems, Incorporated will post 0.88 earnings per share for the current year.
Bentley Systems Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 12th. Investors of record on Tuesday, June 3rd were given 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 was Tuesday, June 3rd. Bentley Systems's dividend payout ratio is 35.44%.
Insider Activity at Bentley Systems
In other Bentley Systems 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 directly owned 68,064 shares of the company's stock, valued at $3,068,325.12. The trade was a 15.37% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider David R. Shaman sold 19,156 shares of the business's stock in a transaction that occurred on 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 sale, 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 in the last quarter. 20.56% of the stock is owned by company insiders.
Analysts Set New Price Targets
A number of research analysts recently weighed in on the stock. Mizuho decreased their target price 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. Wall Street Zen raised shares of Bentley Systems from a "hold" rating to a "buy" rating in a research report on Tuesday, July 8th. JPMorgan Chase & Co. decreased their target price on shares of Bentley Systems from $52.00 to $45.00 and set a "neutral" rating for the company in a research report on Wednesday, April 9th. KeyCorp lifted their price objective on shares of Bentley Systems from $56.00 to $59.00 and gave the company an "overweight" rating in a research report on Monday, July 7th. Finally, Royal Bank Of Canada lifted their price objective on shares of Bentley Systems from $53.00 to $55.00 and gave the company an "outperform" rating in a research report on Thursday, May 8th. One analyst has rated the stock with a sell rating, two have given a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $52.30.
Read Our Latest Research Report on Bentley Systems
About Bentley Systems
(
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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