Cwm LLC Increases Position in Bentley Systems, Incorporated (NASDAQ:BSY)

Cwm LLC raised its position in shares of Bentley Systems, Incorporated (NASDAQ:BSY) by 6.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 24,367 shares of the company’s stock after buying an additional 1,398 shares during the period. Cwm LLC’s holdings in Bentley Systems were worth $1,238,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also modified their holdings of the company. Vanguard Group Inc. lifted its stake in Bentley Systems by 1.6% during the 4th quarter. Vanguard Group Inc. now owns 22,117,534 shares of the company’s stock worth $1,154,093,000 after acquiring an additional 355,092 shares in the last quarter. HighPoint Advisor Group LLC purchased a new position in shares of Bentley Systems in the fourth quarter valued at approximately $429,000. MJP Associates Inc. ADV boosted its stake in shares of Bentley Systems by 22.3% in the first quarter. MJP Associates Inc. ADV now owns 8,981 shares of the company’s stock valued at $469,000 after purchasing an additional 1,635 shares during the period. Thrive Wealth Management LLC grew its holdings in shares of Bentley Systems by 9.4% in the first quarter. Thrive Wealth Management LLC now owns 8,355 shares of the company’s stock valued at $436,000 after purchasing an additional 721 shares in the last quarter. Finally, First Bank & Trust purchased a new stake in Bentley Systems during the 1st quarter worth approximately $328,000. 44.16% of the stock is owned by institutional investors and hedge funds.

Bentley Systems Stock Down 0.6 %

Shares of NASDAQ BSY opened at $49.70 on Thursday. Bentley Systems, Incorporated has a 1 year low of $43.82 and a 1 year high of $57.19. The company has a market capitalization of $14.34 billion, a price-to-earnings ratio of 46.45, a price-to-earnings-growth ratio of 4.09 and a beta of 1.03. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.49 and a quick ratio of 0.49. The business has a 50-day moving average of $49.74 and a two-hundred day moving average of $50.50.

Bentley Systems (NASDAQ:BSY) last posted its earnings results on Tuesday, August 6th. The company reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.08. The firm had revenue of $330.34 million during the quarter, compared to analysts’ expectations of $325.20 million. Bentley Systems had a return on equity of 31.71% and a net margin of 29.17%. The firm’s revenue was up 11.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.20 earnings per share. On average, analysts forecast that Bentley Systems, Incorporated will post 0.9 earnings per share for the current fiscal year.

Bentley Systems Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 26th. Investors of record on Tuesday, September 17th were given a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.48%. The ex-dividend date of this dividend was Tuesday, September 17th. Bentley Systems’s dividend payout ratio (DPR) is 22.43%.

Insider Buying and Selling

In other Bentley Systems news, Director Barry J. Bentley sold 50,000 shares of the company’s stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $50.20, for a total value of $2,510,000.00. Following the completion of the transaction, the director now owns 12,298,230 shares in the company, valued at $617,371,146. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, Director Barry J. Bentley sold 34,987 shares of the stock in a transaction on Monday, October 7th. The shares were sold at an average price of $48.37, for a total transaction of $1,692,321.19. Following the completion of the sale, the director now owns 12,213,248 shares in the company, valued at $590,754,805.76. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Barry J. Bentley sold 50,000 shares of Bentley Systems stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $50.20, for a total transaction of $2,510,000.00. Following the completion of the transaction, the director now owns 12,298,230 shares in the company, valued at approximately $617,371,146. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 226,032 shares of company stock worth $11,248,676 in the last ninety days. 21.12% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts have commented on BSY shares. Rosenblatt Securities reissued a “buy” rating and issued a $62.00 price target on shares of Bentley Systems in a research report on Monday, September 16th. Royal Bank of Canada reiterated an “outperform” rating and issued a $61.00 target price on shares of Bentley Systems in a report on Wednesday, August 7th. Piper Sandler restated an “overweight” rating and set a $63.00 price target on shares of Bentley Systems in a report on Wednesday, August 7th. Finally, The Goldman Sachs Group decreased their price objective on Bentley Systems from $57.00 to $50.00 and set a “neutral” rating for the company in a research note on Wednesday, August 7th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, Bentley Systems has a consensus rating of “Moderate Buy” and a consensus target price of $59.57.

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.