Sapient Capital LLC Buys Shares of 19,786 Bentley Systems, Incorporated (NASDAQ:BSY)

Sapient Capital LLC purchased a new stake in Bentley Systems, Incorporated (NASDAQ:BSY - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 19,786 shares of the company's stock, valued at approximately $1,032,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Private Trust Co. NA raised its position in shares of Bentley Systems by 87.3% in the fourth quarter. Private Trust Co. NA now owns 545 shares of the company's stock valued at $28,000 after buying an additional 254 shares in the last quarter. Fifth Third Bancorp raised its position in Bentley Systems by 97.4% during the fourth quarter. Fifth Third Bancorp now owns 752 shares of the company's stock valued at $39,000 after purchasing an additional 371 shares in the last quarter. Van ECK Associates Corp acquired a new position in Bentley Systems during the fourth quarter valued at approximately $72,000. Global Retirement Partners LLC raised its position in Bentley Systems by 439.4% during the fourth quarter. Global Retirement Partners LLC now owns 1,505 shares of the company's stock valued at $73,000 after purchasing an additional 1,226 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its position in Bentley Systems by 46.9% during the third quarter. PNC Financial Services Group Inc. now owns 2,257 shares of the company's stock valued at $113,000 after purchasing an additional 721 shares in the last quarter. 44.16% of the stock is currently owned by institutional investors and hedge funds.

Bentley Systems Stock Up 2.9 %

NASDAQ:BSY traded up $1.50 on Friday, hitting $53.24. The stock had a trading volume of 873,200 shares, compared to its average volume of 2,179,463. Bentley Systems, Incorporated has a 1 year low of $41.59 and a 1 year high of $55.37. The firm's fifty day simple moving average is $50.81 and its two-hundred day simple moving average is $50.84. The stock has a market cap of $15.22 billion, a P/E ratio of 53.78, a price-to-earnings-growth ratio of 5.36 and a beta of 1.08. The company has a debt-to-equity ratio of 1.72, a quick ratio of 0.55 and a current ratio of 0.55.

Bentley Systems (NASDAQ:BSY - Get Free Report) last released its earnings results on Tuesday, February 27th. The company reported $0.18 earnings per share for the quarter, meeting analysts' consensus estimates of $0.18. Bentley Systems had a net margin of 26.60% and a return on equity of 33.87%. The firm had revenue of $310.64 million during the quarter, compared to the consensus estimate of $313.67 million. During the same period in the prior year, the firm earned $0.13 EPS. The company's revenue was up 8.3% compared to the same quarter last year. Analysts predict that Bentley Systems, Incorporated will post 0.82 earnings per share for the current year.

Bentley Systems Increases Dividend

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

Insider Buying and Selling

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

Wall Street Analyst Weigh In

Several research analysts have commented on BSY shares. Rosenblatt Securities restated a "buy" rating and set a $60.00 price objective on shares of Bentley Systems in a research report on Tuesday, April 30th. 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 report on Tuesday, February 6th. Piper Sandler reiterated an "overweight" rating and set a $60.00 price target on shares of Bentley Systems in a report on Wednesday, February 28th. William Blair began coverage on shares of Bentley Systems in a research note on Thursday, March 28th. They issued an "outperform" rating on the stock. Finally, Royal Bank of Canada reissued an "outperform" rating and issued a $61.00 price objective on shares of Bentley Systems in a research note on Wednesday, February 28th. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat.com, Bentley Systems currently has a consensus rating of "Moderate Buy" and an average price target of $58.44.

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.