6,276 Shares in Bentley Systems, Incorporated (NASDAQ:BSY) Bought by First Bank & Trust

First Bank & Trust purchased a new position in Bentley Systems, Incorporated (NASDAQ:BSY) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 6,276 shares of the company’s stock, valued at approximately $328,000.

A number of other institutional investors also recently bought and sold shares of BSY. Private Trust Co. NA lifted its position in Bentley Systems by 87.3% in the fourth quarter. Private Trust Co. NA now owns 545 shares of the company’s stock worth $28,000 after buying an additional 254 shares during the last quarter. Fifth Third Bancorp lifted its position in Bentley Systems by 97.4% in the fourth quarter. Fifth Third Bancorp now owns 752 shares of the company’s stock worth $39,000 after buying an additional 371 shares during the last quarter. Van ECK Associates Corp purchased a new stake in Bentley Systems in the fourth quarter worth $72,000. Global Retirement Partners LLC increased its stake in Bentley Systems by 439.4% in the fourth quarter. Global Retirement Partners LLC now owns 1,505 shares of the company’s stock worth $73,000 after purchasing an additional 1,226 shares during the period. Finally, Principal Securities Inc. purchased a new stake in Bentley Systems in the fourth quarter worth $73,000. 44.16% of the stock is currently owned by institutional investors.

Insider Activity

In other Bentley Systems news, Director Keith A. Bentley sold 17,021 shares of Bentley Systems 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 owns 17,150,752 shares in the company, valued at $943,291,360. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Bentley Systems news, Director Keith A. Bentley sold 17,021 shares of Bentley Systems 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 owns 17,150,752 shares in the company, valued at $943,291,360. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Keith A. Bentley sold 118,949 shares of Bentley Systems stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $55.01, for a total value of $6,543,384.49. Following the completion of the transaction, the director now owns 17,031,803 shares in the company, valued at approximately $936,919,483.03. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 195,390 shares of company stock worth $10,748,234. Company insiders own 21.12% of the company’s stock.

Bentley Systems Stock Performance

Shares of Bentley Systems stock opened at $49.36 on Friday. The firm has a market cap of $14.24 billion, a P/E ratio of 46.13, a P/E/G ratio of 4.36 and a beta of 1.04. 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, Incorporated has a 12 month low of $44.76 and a 12 month high of $57.19. The stock’s fifty day moving average price is $52.53 and its 200-day moving average price is $51.21.

Bentley Systems (NASDAQ:BSY) last announced its quarterly 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%. On average, equities research analysts expect that Bentley Systems, Incorporated will post 0.85 earnings per share for the current fiscal year.

Bentley Systems Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, June 13th. Stockholders of record on Tuesday, June 4th were paid a dividend of $0.06 per share. The ex-dividend date was Tuesday, June 4th. This represents a $0.24 annualized dividend and a dividend yield of 0.49%. Bentley Systems’s dividend payout ratio is currently 22.43%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Rosenblatt Securities reiterated a “buy” rating and issued a $60.00 target price on shares of Bentley Systems in a research note on Tuesday, April 30th. Piper Sandler reiterated an “overweight” rating and issued a $63.00 target price (up previously from $60.00) on shares of Bentley Systems in a research note on Wednesday, May 8th. William Blair assumed coverage on Bentley Systems in a research note on Thursday, March 28th. They issued an “outperform” rating on the stock. Finally, Mizuho increased their target price on Bentley Systems from $57.00 to $60.00 and gave the stock a “buy” rating in a research note on Wednesday, May 8th. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $61.29.

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.