Raymond James & Associates Has $63.23 Million Holdings in Bentley Systems, Incorporated (NASDAQ:BSY)

Raymond James & Associates boosted its holdings in Bentley Systems, Incorporated (NASDAQ:BSY - Free Report) by 8.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,210,783 shares of the company's stock after acquiring an additional 91,539 shares during the quarter. Raymond James & Associates owned about 0.42% of Bentley Systems worth $63,227,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. M&T Bank Corp grew its position in Bentley Systems by 0.4% during the 3rd quarter. M&T Bank Corp now owns 57,456 shares of the company's stock worth $2,882,000 after purchasing an additional 218 shares in the last quarter. Wealthfront Advisers LLC raised its position in Bentley Systems by 1.9% during the third quarter. Wealthfront Advisers LLC now owns 12,108 shares of the company's stock valued at $607,000 after buying an additional 228 shares during the period. Private Trust Co. NA lifted its stake in Bentley Systems by 87.3% in the 4th quarter. Private Trust Co. NA now owns 545 shares of the company's stock worth $28,000 after acquiring an additional 254 shares in the last quarter. MJP Associates Inc. ADV boosted its position in Bentley Systems by 3.9% during the 4th quarter. MJP Associates Inc. ADV now owns 7,346 shares of the company's stock worth $383,000 after acquiring an additional 277 shares during the period. Finally, Portside Wealth Group LLC grew its stake in Bentley Systems by 2.8% during the 4th quarter. Portside Wealth Group LLC now owns 11,412 shares of the company's stock valued at $595,000 after acquiring an additional 308 shares in the last quarter. 44.16% of the stock is owned by institutional investors and hedge funds.

Bentley Systems Stock Performance

Bentley Systems stock traded up $1.50 on Friday, reaching $53.24. 873,200 shares of the stock were exchanged, compared to its average volume of 2,179,463. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 1.72. Bentley Systems, Incorporated has a twelve month low of $41.59 and a twelve month high of $55.37. The firm has a fifty day moving average price of $50.81 and a two-hundred day moving average price of $50.88. The stock has a market cap of $15.22 billion, a PE ratio of 53.78, a PEG ratio of 5.21 and a beta of 1.08.

Bentley Systems (NASDAQ:BSY - Get Free Report) last posted its quarterly earnings data on Tuesday, February 27th. The company reported $0.18 earnings per share for the quarter, hitting the consensus estimate of $0.18. The business had revenue of $310.64 million during the quarter, compared to analysts' expectations of $313.67 million. Bentley Systems had a return on equity of 33.87% and a net margin of 26.60%. The firm's revenue was up 8.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.13 EPS. Sell-side analysts anticipate that Bentley Systems, Incorporated will post 0.82 EPS for the current year.

Bentley Systems Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Wednesday, March 20th were paid a $0.06 dividend. This is an increase from Bentley Systems's previous quarterly dividend of $0.05. The ex-dividend date was Tuesday, March 19th. This represents a $0.24 annualized dividend and a dividend yield of 0.45%. Bentley Systems's dividend payout ratio (DPR) is presently 24.24%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. Robert W. Baird upped their price target on shares of Bentley Systems from $58.00 to $59.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 6th. William Blair began coverage on Bentley Systems in a research report on Thursday, March 28th. They issued an "outperform" rating on the stock. Rosenblatt Securities reiterated a "buy" rating and set a $60.00 price target on shares of Bentley Systems in a report on Tuesday. Royal Bank of Canada reaffirmed an "outperform" rating and set a $61.00 price objective on shares of Bentley Systems in a research report on Wednesday, February 28th. Finally, Piper Sandler reissued an "overweight" rating and issued a $60.00 target price on shares of Bentley Systems in a research report on Wednesday, February 28th. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $58.44.

Insider Buying and Selling

In other news, Director Keith A. Bentley sold 88,925 shares of the company's stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $49.48, for a total transaction of $4,400,009.00. Following the completion of the transaction, the director now owns 17,164,179 shares of the company's stock, valued at $849,283,576.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Bentley Systems news, Director Keith A. Bentley sold 17,021 shares of Bentley Systems stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $55.00, for a total transaction of $936,155.00. Following the sale, the director now owns 17,150,752 shares in the company, valued at $943,291,360. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Keith A. Bentley sold 88,925 shares of the stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $49.48, for a total transaction of $4,400,009.00. Following the completion of the transaction, the director now owns 17,164,179 shares of the company's stock, valued at approximately $849,283,576.92. The disclosure for this sale can be found here. 21.12% of the stock is currently owned by insiders.

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.