Whittier Trust Co. of Nevada Inc. Purchases 880 Shares of Bentley Systems, Incorporated (NASDAQ:BSY)

Whittier Trust Co. of Nevada Inc. boosted its position in shares of Bentley Systems, Incorporated (NASDAQ:BSY) by 71.8% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,105 shares of the company’s stock after buying an additional 880 shares during the period. Whittier Trust Co. of Nevada Inc.’s holdings in Bentley Systems were worth $107,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of BSY. Advisor OS LLC boosted its position in shares of Bentley Systems by 0.7% during the 2nd quarter. Advisor OS LLC now owns 30,983 shares of the company’s stock worth $1,529,000 after acquiring an additional 226 shares in the last quarter. Magnolia Capital Advisors LLC raised its holdings in shares of Bentley Systems by 5.4% during the 2nd quarter. Magnolia Capital Advisors LLC now owns 4,895 shares of the company’s stock worth $242,000 after buying an additional 249 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Bentley Systems by 90.1% during the 2nd quarter. GAMMA Investing LLC now owns 576 shares of the company’s stock worth $28,000 after buying an additional 273 shares in the last quarter. WR Wealth Planners LLC lifted its position in shares of Bentley Systems by 4.5% during the 2nd quarter. WR Wealth Planners LLC now owns 6,435 shares of the company’s stock worth $318,000 after buying an additional 275 shares during the last quarter. Finally, Central Pacific Bank Trust Division boosted its stake in Bentley Systems by 57.1% in the third quarter. Central Pacific Bank Trust Division now owns 759 shares of the company’s stock valued at $39,000 after buying an additional 276 shares in the last quarter. 44.16% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

BSY has been the subject of a number of research reports. Royal Bank of Canada reissued an “outperform” rating and issued a $61.00 target price on shares of Bentley Systems in a report on Wednesday, August 7th. Rosenblatt Securities restated a “buy” rating and issued a $62.00 target price on shares of Bentley Systems in a research report on Monday, September 16th. Piper Sandler reiterated 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 cut their price objective on Bentley Systems from $57.00 to $50.00 and set a “neutral” rating on the stock in a report on Wednesday, August 7th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $59.57.

Bentley Systems Stock Performance

NASDAQ BSY opened at $49.19 on Thursday. The company has a market capitalization of $14.19 billion, a price-to-earnings ratio of 45.97, a PEG ratio of 4.09 and a beta of 1.03. Bentley Systems, Incorporated has a twelve month low of $43.82 and a twelve month high of $57.19. The stock has a fifty day simple moving average of $49.80 and a 200 day simple moving average of $50.51. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 1.36.

Bentley Systems (NASDAQ:BSY) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $0.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.08. Bentley Systems had a return on equity of 31.71% and a net margin of 29.17%. The company had revenue of $330.34 million during the quarter, compared to the consensus estimate of $325.20 million. During the same period last year, the company earned $0.20 earnings per share. The firm’s revenue was up 11.3% compared to the same quarter last year. Sell-side analysts expect that Bentley Systems, Incorporated will post 0.9 EPS for the current year.

Bentley Systems Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 26th. Stockholders of record on Tuesday, September 17th were given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.49%. The ex-dividend date of this dividend was Tuesday, September 17th. Bentley Systems’s dividend payout ratio (DPR) is presently 22.43%.

Insider Buying and Selling

In other Bentley Systems news, Director Barry J. Bentley sold 34,987 shares of the stock in a transaction dated Monday, October 7th. The stock was 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 directly owns 12,213,248 shares in the company, valued at approximately $590,754,805.76. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, 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 value of $2,510,000.00. Following the completion of the sale, the director now owns 12,298,230 shares in the company, valued at $617,371,146. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Barry J. Bentley sold 34,987 shares of the firm’s stock in a transaction on Monday, October 7th. The stock was 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 of the company’s stock, valued at $590,754,805.76. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 276,032 shares of company stock valued at $13,720,676 over the last quarter. Insiders own 21.12% of the company’s stock.

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.