Bentley Systems, Incorporated (NASDAQ:BSY) Holdings Trimmed by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lowered its position in shares of Bentley Systems, Incorporated (NASDAQ:BSY) by 38.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,208 shares of the company’s stock after selling 1,354 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s holdings in Bentley Systems were worth $103,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Private Trust Co. NA boosted its position in shares of Bentley Systems by 61.1% in the 4th quarter. Private Trust Co. NA now owns 997 shares of the company’s stock valued at $47,000 after purchasing an additional 378 shares during the period. Tobam acquired a new position in shares of Bentley Systems in the 4th quarter valued at $55,000. Atala Financial Inc acquired a new position in shares of Bentley Systems in the 4th quarter valued at $55,000. CIBC Private Wealth Group LLC boosted its position in shares of Bentley Systems by 42.0% in the 4th quarter. CIBC Private Wealth Group LLC now owns 1,673 shares of the company’s stock valued at $78,000 after purchasing an additional 495 shares during the period. Finally, Tortoise Investment Management LLC boosted its position in shares of Bentley Systems by 76.9% in the 4th quarter. Tortoise Investment Management LLC now owns 1,675 shares of the company’s stock valued at $78,000 after purchasing an additional 728 shares during the period. Institutional investors own 44.16% of the company’s stock.

Bentley Systems Stock Down 0.2%

Shares of Bentley Systems stock opened at $47.64 on Tuesday. The firm has a market cap of $13.90 billion, a price-to-earnings ratio of 42.92, a P/E/G ratio of 3.52 and a beta of 1.05. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.52 and a quick ratio of 0.52. Bentley Systems, Incorporated has a 52-week low of $36.51 and a 52-week high of $52.42. The stock has a 50-day simple moving average of $44.10 and a 200-day simple moving average of $45.42.

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

Bentley Systems Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Investors of record on Tuesday, June 3rd will be paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.59%. The ex-dividend date of this dividend is Tuesday, June 3rd. Bentley Systems’s payout ratio is 35.44%.

Analyst Upgrades and Downgrades

BSY has been the subject of a number of recent analyst reports. 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 report on Wednesday, April 9th. Mizuho decreased their price objective on Bentley Systems from $60.00 to $50.00 and set an “outperform” rating for the company in a research report on Tuesday, April 15th. KeyCorp raised their price objective on Bentley Systems from $54.00 to $56.00 and gave the stock an “overweight” rating in a research report on Thursday, May 8th. UBS Group raised their price objective on Bentley Systems from $48.00 to $53.00 and gave the stock a “neutral” rating in a research report on Thursday, May 8th. Finally, Oppenheimer raised their price objective on Bentley Systems from $49.00 to $50.00 and gave the stock an “outperform” rating in a research report on Thursday, May 8th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $52.00.

Insider Activity at Bentley Systems

In related news, CRO Brock Ballard sold 12,363 shares of the firm’s stock in a transaction that occurred on Wednesday, May 7th. The stock was sold at an average price of $45.08, for a total value of $557,324.04. Following the transaction, the executive now directly owns 68,064 shares of the company’s stock, valued at approximately $3,068,325.12. This trade represents a 15.37% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 20.56% of the stock is owned by company insiders.

About Bentley Systems

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.