Bentley Systems, Incorporated (NASDAQ:BSY) Shares Sold by LVW Advisors LLC

LVW Advisors LLC trimmed its holdings in Bentley Systems, Incorporated (NASDAQ:BSY) by 3.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 18,042 shares of the company’s stock after selling 731 shares during the quarter. LVW Advisors LLC’s holdings in Bentley Systems were worth $942,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Private Trust Co. NA boosted its stake 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 acquiring an additional 254 shares in the last quarter. MJP Associates Inc. ADV raised its holdings in shares of Bentley Systems by 3.9% during the fourth quarter. MJP Associates Inc. ADV now owns 7,346 shares of the company’s stock valued at $383,000 after acquiring an additional 277 shares during the period. Portside Wealth Group LLC lifted its position in shares of Bentley Systems by 2.8% in 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. Dfpg Investments LLC boosted its stake in Bentley Systems by 2.0% in the 4th quarter. Dfpg Investments LLC now owns 17,821 shares of the company’s stock worth $930,000 after purchasing an additional 341 shares during the period. Finally, Fifth Third Bancorp grew its position in Bentley Systems by 97.4% during the 4th quarter. Fifth Third Bancorp now owns 752 shares of the company’s stock worth $39,000 after purchasing an additional 371 shares in the last quarter. Institutional investors own 44.16% of the company’s stock.

Insider Buying and Selling

In other news, Director Keith A. Bentley sold 118,949 shares of the business’s stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $55.01, for a total transaction of $6,543,384.49. Following the completion of the sale, the director now owns 17,031,803 shares in the company, valued at $936,919,483.03. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other Bentley Systems news, Director Keith A. Bentley sold 118,949 shares of the business’s stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $55.01, for a total transaction of $6,543,384.49. Following the completion of the sale, the director now directly owns 17,031,803 shares of the company’s stock, valued at approximately $936,919,483.03. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Keith A. Bentley sold 59,420 shares of the firm’s stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $55.01, for a total transaction of $3,268,694.20. Following the completion of the transaction, the director now directly owns 16,972,383 shares in the company, valued at approximately $933,650,788.83. The disclosure for this sale can be found here. Insiders sold 195,390 shares of company stock worth $10,748,234 in the last quarter. Insiders own 21.12% of the company’s stock.

Bentley Systems Price Performance

Shares of BSY stock opened at $49.36 on Monday. Bentley Systems, Incorporated has a 12 month low of $44.76 and a 12 month 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. The stock has a 50 day moving average of $52.53 and a two-hundred day moving average of $51.21. The company has a market capitalization of $14.24 billion, a P/E ratio of 46.13, a P/E/G ratio of 4.36 and a beta of 1.03.

Bentley Systems (NASDAQ:BSY) last released its quarterly earnings results on Tuesday, May 7th. The company reported $0.25 EPS for the quarter, beating analysts’ consensus estimates 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 net margin of 28.09% and a return on equity of 32.62%. As a group, equities analysts expect that Bentley Systems, Incorporated will post 0.85 EPS for the current year.

Bentley Systems Announces Dividend

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

Analyst Upgrades and Downgrades

BSY has been the subject of several recent analyst reports. William Blair started coverage on Bentley Systems in a research report on Thursday, March 28th. They issued an “outperform” rating for the company. Mizuho raised their price objective on shares of Bentley Systems from $57.00 to $60.00 and gave the company a “buy” rating in a research report on Wednesday, May 8th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $60.00 price target on shares of Bentley Systems in a research report on Tuesday, April 30th. Finally, Piper Sandler reissued an “overweight” rating and set a $63.00 price objective (up previously from $60.00) on shares of Bentley Systems in a research report on Wednesday, May 8th. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, Bentley Systems has an average rating of “Moderate Buy” and an average target price 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.