Bentley Systems, Incorporated (NASDAQ:BSY) Shares Sold by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. decreased its stake in shares of Bentley Systems, Incorporated (NASDAQ:BSY - Free Report) by 97.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 50,242 shares of the company's stock after selling 1,740,758 shares during the period. Jefferies Financial Group Inc.'s holdings in Bentley Systems were worth $2,346,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Private Trust Co. NA boosted its stake in shares of Bentley Systems by 61.1% during the 4th quarter. Private Trust Co. NA now owns 997 shares of the company's stock worth $47,000 after acquiring an additional 378 shares during the last quarter. Tobam purchased a new position in shares of Bentley Systems during the 4th quarter valued at $55,000. Atala Financial Inc purchased a new position in shares of Bentley Systems during the 4th quarter valued at $55,000. Tortoise Investment Management LLC lifted its stake in shares of Bentley Systems by 76.9% during the 4th quarter. Tortoise Investment Management LLC now owns 1,675 shares of the company's stock valued at $78,000 after buying an additional 728 shares in the last quarter. Finally, CIBC Private Wealth Group LLC lifted its stake in shares of Bentley Systems by 42.0% during the 4th quarter. CIBC Private Wealth Group LLC now owns 1,673 shares of the company's stock valued at $78,000 after buying an additional 495 shares in the last quarter. Institutional investors own 44.16% of the company's stock.

Insider Buying and Selling at Bentley Systems

In related news, CRO Brock Ballard sold 12,363 shares of the company's stock in a transaction dated 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 transaction, the executive now owns 68,064 shares in the company, valued at $3,068,325.12. This represents a 15.37% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 20.56% of the stock is owned by corporate insiders.

Bentley Systems Stock Down 0.5%

Shares of NASDAQ BSY traded down $0.26 during midday trading on Friday, reaching $47.97. 1,010,692 shares of the company's stock traded hands, compared to its average volume of 1,213,791. 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 stock's 50 day simple moving average is $42.76 and its 200-day simple moving average is $45.55. Bentley Systems, Incorporated has a one year low of $36.51 and a one year high of $57.19. The company has a market cap of $14.00 billion, a price-to-earnings ratio of 43.22, a P/E/G ratio of 3.52 and a beta of 1.05.

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

Bentley Systems Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Wednesday, March 19th were issued a $0.07 dividend. This is a boost from Bentley Systems's previous quarterly dividend of $0.06. The ex-dividend date of this dividend was Wednesday, March 19th. This represents a $0.28 dividend on an annualized basis and a yield of 0.58%. Bentley Systems's payout ratio is presently 35.44%.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. UBS Group lifted their target price on shares of Bentley Systems from $48.00 to $53.00 and gave the company a "neutral" rating in a research note on Thursday, May 8th. Oppenheimer lifted their price target on shares of Bentley Systems from $49.00 to $50.00 and gave the company an "outperform" rating in a report on Thursday, May 8th. KeyCorp lifted their price target on shares of Bentley Systems from $54.00 to $56.00 and gave the company an "overweight" rating in a report on Thursday, May 8th. JPMorgan Chase & Co. reduced their target price on shares of Bentley Systems from $52.00 to $45.00 and set a "neutral" rating on the stock in a report on Wednesday, April 9th. Finally, Royal Bank of Canada boosted their target price on shares of Bentley Systems from $53.00 to $55.00 and gave the stock an "outperform" rating in a report on Thursday, May 8th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat.com, Bentley Systems has an average rating of "Moderate Buy" and an average price target 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.