XTX Topco Ltd Has $1.31 Million Holdings in Bentley Systems, Incorporated (NASDAQ:BSY)

Key Points

• XTX Topco Ltd increased its stake in Bentley Systems by 272.4% during the first quarter, acquiring an additional 24,387 shares, bringing its total holdings to 33,339 shares valued at $1,312,000.
• Corporate insiders, particularly Director Raymond B. Bentley, sold significant amounts of stock recently, with individuals selling over 1.2 million shares worth approximately $61.4 million in the last ninety days.
• Bentley Systems declared a quarterly dividend of $0.07 per share, with a dividend yield of 0.5% and a payout ratio of 35.44% for shareholders of record on June 3rd.

XTX Topco Ltd grew its position in Bentley Systems, Incorporated (NASDAQ:BSY - Free Report) by 272.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 33,339 shares of the company's stock after acquiring an additional 24,387 shares during the quarter. XTX Topco Ltd's holdings in Bentley Systems were worth $1,312,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in BSY. City Holding Co. acquired a new position in Bentley Systems during the 1st quarter worth $26,000. Larson Financial Group LLC raised its position in shares of Bentley Systems by 1,707.1% during the first quarter. Larson Financial Group LLC now owns 759 shares of the company's stock worth $30,000 after purchasing an additional 717 shares during the period. Fifth Third Bancorp raised its position in Bentley Systems by 106.6% during the first quarter. Fifth Third Bancorp now owns 843 shares of the company's stock valued at $33,000 after buying an additional 435 shares during the period. HM Payson & Co. acquired a new position in Bentley Systems during the first quarter valued at $45,000. Finally, Mirae Asset Global Investments Co. Ltd. raised its position in Bentley Systems by 99.0% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,419 shares of the company's stock valued at $56,000 after buying an additional 706 shares during the period. 44.16% of the stock is currently owned by institutional investors.

Bentley Systems Stock Performance

NASDAQ:BSY traded down $0.86 during mid-day trading on Friday, hitting $57.12. 1,519,801 shares of the company's stock traded hands, compared to its average volume of 1,350,574. The firm has a 50 day moving average of $53.29 and a two-hundred day moving average of $47.34. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 1.13. The firm has a market capitalization of $16.67 billion, a price-to-earnings ratio of 72.30, a price-to-earnings-growth ratio of 4.64 and a beta of 1.10. Bentley Systems, Incorporated has a 12 month low of $36.51 and a 12 month high of $59.25.

Bentley Systems (NASDAQ:BSY - Get Free Report) last issued its earnings results on Wednesday, May 7th. The company reported $0.35 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.30 by $0.05. Bentley Systems had a return on equity of 29.18% and a net margin of 18.46%. The business had revenue of $370.54 million during the quarter, compared to analysts' expectations of $366.76 million. During the same period in the prior year, the firm posted $0.31 EPS. Bentley Systems's quarterly revenue was up 9.7% compared to the same quarter last year. On average, equities analysts forecast that Bentley Systems, Incorporated will post 0.88 earnings per share for the current fiscal year.

Bentley Systems Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 12th. Shareholders of record on Tuesday, June 3rd were given a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date was Tuesday, June 3rd. Bentley Systems's dividend payout ratio (DPR) is presently 35.44%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Royal Bank Of Canada upped their target price on Bentley Systems from $53.00 to $55.00 and gave the stock an "outperform" rating in a research report on Thursday, May 8th. Robert W. Baird set a $64.00 target price on Bentley Systems and gave the stock an "outperform" rating in a research report on Wednesday. Rosenblatt Securities dropped their target price on Bentley Systems from $62.00 to $53.00 and set a "buy" rating on the stock in a research report on Monday, May 5th. JPMorgan Chase & Co. decreased their price target on Bentley Systems from $52.00 to $45.00 and set a "neutral" rating for the company in a research note on Wednesday, April 9th. Finally, Mizuho decreased their price target on Bentley Systems from $60.00 to $50.00 and set an "outperform" rating for the company in a research note on Tuesday, April 15th. One analyst has rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat.com, Bentley Systems currently has an average rating of "Moderate Buy" and a consensus price target of $53.70.

Insider Transactions at Bentley Systems

In other news, insider David R. Shaman sold 19,348 shares of the business's stock in a transaction dated Monday, July 14th. The stock was sold at an average price of $56.96, for a total value of $1,102,062.08. Following the sale, the insider directly owned 647,609 shares in the company, valued at $36,887,808.64. The trade was a 2.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Keith A. Bentley sold 150,000 shares of the business's stock in a transaction dated Monday, July 7th. The shares were sold at an average price of $55.54, for a total value of $8,331,000.00. Following the completion of the sale, the director owned 3,859,327 shares in the company, valued at approximately $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 a total of 1,202,232 shares of company stock valued at $61,437,713 over the last 90 days. 20.56% of the stock is currently owned by corporate insiders.

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.