UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Has $35.22 Million Position in Bentley Systems, Incorporated $BSY

Key Points

• UBS AM increased its stake in Bentley Systems by 2.8% during Q1, owning 895,213 shares worth approximately $35.2 million.
• Analysts have set new price targets for Bentley Systems, with Piper Sandler raising their target to $63.00 and UBS Group to $60.00, signaling overall positive sentiment.
• Bentley Systems announced a quarterly dividend of $0.07 per share, reflecting a yield of 0.5%, with an ex-dividend date on September 23rd.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Bentley Systems, Incorporated (NASDAQ:BSY - Free Report) by 2.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 895,213 shares of the company's stock after purchasing an additional 24,258 shares during the quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned approximately 0.31% of Bentley Systems worth $35,218,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of BSY. City Holding Co. bought a new position in Bentley Systems in the 1st quarter valued at $26,000. Twin Tree Management LP increased its holdings in Bentley Systems by 361.9% during the first quarter. Twin Tree Management LP now owns 739 shares of the company's stock valued at $29,000 after buying an additional 579 shares during the last quarter. Larson Financial Group LLC grew its stake in Bentley Systems by 1,707.1% during the first quarter. Larson Financial Group LLC now owns 759 shares of the company's stock valued at $30,000 after acquiring an additional 717 shares in the last quarter. Fifth Third Bancorp lifted 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 worth $33,000 after acquiring an additional 435 shares during the last quarter. Finally, HM Payson & Co. bought a new stake in Bentley Systems during the 1st quarter valued at about $45,000. Institutional investors own 44.16% of the company's stock.

Insiders Place Their Bets

In other news, insider David R. Shaman sold 19,348 shares of the business's stock in a transaction that occurred on Monday, July 14th. The shares were sold at an average price of $56.96, for a total value of $1,102,062.08. Following the completion of the transaction, the insider owned 647,609 shares of the company's stock, valued at $36,887,808.64. The trade was a 2.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Keith A. Bentley sold 150,000 shares of the stock in a transaction on Monday, July 7th. The stock was sold at an average price of $55.54, for a total transaction of $8,331,000.00. Following the sale, the director directly owned 3,859,327 shares in the company, valued at $214,347,021.58. This trade represents a 3.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 189,869 shares of company stock worth $10,564,887 over the last three months. Corporate insiders own 20.56% of the company's stock.

Bentley Systems Trading Down 0.2%

Shares of Bentley Systems stock traded down $0.13 on Friday, hitting $52.82. 2,880,117 shares of the company's stock traded hands, compared to its average volume of 1,424,137. The company has a market capitalization of $15.43 billion, a price-to-earnings ratio of 66.86, a price-to-earnings-growth ratio of 4.27 and a beta of 1.09. Bentley Systems, Incorporated has a one year low of $36.51 and a one year high of $59.25. The company has a fifty day moving average of $55.04 and a two-hundred day moving average of $49.21. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.51 and a quick ratio of 0.51.

Bentley Systems (NASDAQ:BSY - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The company reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.03. Bentley Systems had a return on equity of 28.41% and a net margin of 17.91%.The company had revenue of $364.11 million during the quarter, compared to analyst estimates of $363.51 million. During the same quarter last year, the company earned $0.31 earnings per share. The firm's quarterly revenue was up 10.2% on a year-over-year basis. As a group, sell-side analysts expect that Bentley Systems, Incorporated will post 0.88 earnings per share for the current year.

Bentley Systems Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Tuesday, September 23rd will be paid a $0.07 dividend. The ex-dividend date of this dividend is Tuesday, September 23rd. This represents a $0.28 dividend on an annualized basis and a yield of 0.5%. Bentley Systems's payout ratio is 35.44%.

Analyst Ratings Changes

A number of research firms have weighed in on BSY. UBS Group upped their price objective on shares of Bentley Systems from $53.00 to $60.00 and gave the stock a "neutral" rating in a research report on Thursday, August 7th. Rosenblatt Securities downgraded Bentley Systems from a "buy" rating to a "neutral" rating and lifted their price target for the stock from $53.00 to $58.00 in a research note on Thursday, August 7th. KeyCorp upped their price target on Bentley Systems from $56.00 to $59.00 and gave the stock an "overweight" rating in a report on Monday, July 7th. The Goldman Sachs Group increased their target price on Bentley Systems from $42.00 to $47.00 and gave the stock a "sell" rating in a research report on Thursday, August 7th. Finally, Oppenheimer increased their price target on Bentley Systems from $59.00 to $65.00 and gave the company an "outperform" rating in a research report on Thursday, August 7th. Six analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $56.60.

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.