UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 4,549,015 Shares of Bentley Systems, Incorporated (NASDAQ:BSY)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed its holdings in Bentley Systems, Incorporated (NASDAQ:BSY - Free Report) by 83.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 870,955 shares of the company's stock after selling 4,549,015 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.30% of Bentley Systems worth $40,674,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Swedbank AB raised its stake in Bentley Systems by 36.5% during the fourth quarter. Swedbank AB now owns 7,007,324 shares of the company's stock worth $327,242,000 after purchasing an additional 1,873,029 shares during the period. Impax Asset Management Group plc grew its position in Bentley Systems by 41.9% during the fourth quarter. Impax Asset Management Group plc now owns 2,493,059 shares of the company's stock valued at $115,719,000 after acquiring an additional 736,369 shares during the period. Skandinaviska Enskilda Banken AB publ increased its stake in Bentley Systems by 591.7% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 555,702 shares of the company's stock worth $26,446,000 after acquiring an additional 475,361 shares during the last quarter. Sone Capital Management LLC purchased a new position in shares of Bentley Systems in the 4th quarter worth about $17,884,000. Finally, BLI Banque de Luxembourg Investments acquired a new position in shares of Bentley Systems in the 4th quarter valued at about $14,929,000. Hedge funds and other institutional investors own 44.16% of the company's stock.

Bentley Systems Price Performance

NASDAQ BSY traded down $0.31 on Friday, reaching $47.67. 326,535 shares of the stock traded hands, compared to its average volume of 1,199,076. Bentley Systems, Incorporated has a 12 month low of $36.51 and a 12 month high of $52.42. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 1.37. The firm's fifty day simple moving average is $43.87 and its 200 day simple moving average is $45.46. The company has a market cap of $13.91 billion, a price-to-earnings ratio of 43.05, a P/E/G ratio of 3.52 and a beta of 1.05.

Bentley Systems (NASDAQ:BSY - Get Free Report) last released its earnings results on Wednesday, May 7th. The company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.05. The business had revenue of $370.54 million for the quarter, compared to the consensus estimate of $366.76 million. Bentley Systems had a net margin of 27.73% and a return on equity of 29.50%. The firm's quarterly revenue was up 9.7% compared to the same quarter last year. During the same period last year, the firm posted $0.31 earnings per share. As a group, research analysts predict that Bentley Systems, Incorporated will post 0.88 EPS for the current fiscal year.

Bentley Systems Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Investors of record on Tuesday, June 3rd will be paid a $0.07 dividend. The ex-dividend date is Tuesday, June 3rd. This represents a $0.28 annualized dividend and a dividend yield of 0.59%. Bentley Systems's payout ratio is 35.44%.

Insider Buying and Selling

In other Bentley Systems news, CRO Brock Ballard sold 12,363 shares of the business's stock in a transaction dated Wednesday, May 7th. The stock was sold at an average price of $45.08, for a total value of $557,324.04. Following the completion of the sale, the executive now owns 68,064 shares of the company's stock, valued at $3,068,325.12. The trade was a 15.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 20.56% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

BSY has been the subject of several analyst reports. Oppenheimer upped their target price on Bentley Systems from $49.00 to $50.00 and gave the stock an "outperform" rating in a research report on Thursday, May 8th. Royal Bank of Canada raised 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. Mizuho cut their price objective on Bentley Systems from $60.00 to $50.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 15th. UBS Group upped their price target on Bentley Systems from $48.00 to $53.00 and gave the company a "neutral" rating in a research report on Thursday, May 8th. Finally, Robert W. Baird decreased their price objective on shares of Bentley Systems from $60.00 to $59.00 and set an "outperform" rating for the company in a report on Thursday, February 27th. One analyst has rated the stock with a sell rating, two have given a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $52.00.

Bentley Systems 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.