Bentley Systems, Incorporated (NASDAQ:BSY) Shares Purchased by UBS Group AG

UBS Group AG raised its position in Bentley Systems, Incorporated (NASDAQ:BSYFree Report) by 10.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 173,744 shares of the company’s stock after purchasing an additional 16,296 shares during the quarter. UBS Group AG owned about 0.06% of Bentley Systems worth $9,066,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Private Trust Co. NA increased its position in shares of Bentley Systems by 87.3% during the 4th quarter. Private Trust Co. NA now owns 545 shares of the company’s stock worth $28,000 after purchasing an additional 254 shares during the last quarter. MJP Associates Inc. ADV lifted its holdings in shares of Bentley Systems by 3.9% in 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 last quarter. Portside Wealth Group LLC boosted its position in shares of Bentley Systems by 2.8% during the 4th quarter. Portside Wealth Group LLC now owns 11,412 shares of the company’s stock worth $595,000 after purchasing an additional 308 shares during the period. Dfpg Investments LLC increased its holdings in Bentley Systems by 2.0% in the 4th quarter. Dfpg Investments LLC now owns 17,821 shares of the company’s stock valued at $930,000 after purchasing an additional 341 shares during the last quarter. Finally, Fifth Third Bancorp raised its position in Bentley Systems by 97.4% in 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 during the period. Hedge funds and other institutional investors own 44.16% of the company’s stock.

Bentley Systems Trading Down 1.1 %

Shares of NASDAQ:BSY opened at $49.69 on Tuesday. The company has a market cap of $14.33 billion, a PE ratio of 46.44, a P/E/G ratio of 4.44 and a beta of 1.08. The company’s 50 day moving average is $52.43 and its two-hundred day moving average is $51.39. Bentley Systems, Incorporated has a 52 week low of $44.76 and a 52 week high of $57.19. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 1.53.

Bentley Systems (NASDAQ:BSYGet Free Report) last posted its earnings results on Tuesday, May 7th. The company reported $0.25 EPS for the quarter, beating the consensus estimate of $0.21 by $0.04. The firm had revenue of $337.76 million for the quarter, compared to analyst estimates of $335.00 million. Bentley Systems had a return on equity of 32.62% and a net margin of 28.09%. Equities analysts predict that Bentley Systems, Incorporated will post 0.85 earnings per share for the current fiscal year.

Bentley Systems Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 13th. Stockholders of record on Tuesday, June 4th will be given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.48%. The ex-dividend date is Tuesday, June 4th. Bentley Systems’s dividend payout ratio (DPR) is presently 22.43%.

Insider Buying and Selling

In other Bentley Systems news, Director Keith A. Bentley sold 59,420 shares of the stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $55.01, for a total value of $3,268,694.20. Following the transaction, the director now directly owns 16,972,383 shares in the company, valued at $933,650,788.83. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Keith A. Bentley sold 59,420 shares of the business’s stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $55.01, for a total value of $3,268,694.20. Following the completion of the sale, the director now directly owns 16,972,383 shares of the company’s stock, valued at $933,650,788.83. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Keith A. Bentley sold 17,021 shares of the firm’s stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $55.00, for a total value of $936,155.00. Following the transaction, the director now directly owns 17,150,752 shares in the company, valued at approximately $943,291,360. The disclosure for this sale can be found here. Insiders sold a total of 284,315 shares of company stock worth $15,148,243 over the last 90 days. 21.12% of the stock is owned by insiders.

Analysts Set New Price Targets

BSY has been the subject of a number of research reports. Mizuho lifted their price objective on Bentley Systems from $57.00 to $60.00 and gave the company a “buy” rating in a research note on Wednesday, May 8th. William Blair started coverage on shares of Bentley Systems in a research report on Thursday, March 28th. They set an “outperform” rating on the stock. Royal Bank of Canada restated an “outperform” rating and issued a $61.00 price objective on shares of Bentley Systems in a report on Wednesday, February 28th. Rosenblatt Securities reiterated a “buy” rating and set a $60.00 target price on shares of Bentley Systems in a report on Tuesday, April 30th. Finally, Piper Sandler reissued an “overweight” rating and issued a $63.00 price target (up previously from $60.00) on shares of Bentley Systems in a research report on Wednesday, May 8th. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $61.29.

View Our Latest Analysis on BSY

Bentley Systems Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Bentley Systems (NASDAQ:BSY)

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