Bentley Systems, Incorporated (NASDAQ:BSY) Shares Sold by IFM Investors Pty Ltd

IFM Investors Pty Ltd lessened its stake in Bentley Systems, Incorporated (NASDAQ:BSY) by 7.5% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 37,656 shares of the company’s stock after selling 3,045 shares during the quarter. IFM Investors Pty Ltd’s holdings in Bentley Systems were worth $1,913,000 as of its most recent filing with the SEC.

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

Bentley Systems Trading Up 0.9 %

Bentley Systems stock opened at $49.15 on Monday. The firm has a 50 day simple moving average of $49.75 and a 200-day simple moving average of $50.48. 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 stock has a market capitalization of $14.18 billion, a PE ratio of 45.93, a price-to-earnings-growth ratio of 4.09 and a beta of 1.03. Bentley Systems, Incorporated has a 12-month low of $43.82 and a 12-month high of $57.19.

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

Bentley Systems Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 26th. Stockholders of record on Tuesday, September 17th were issued a $0.06 dividend. 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%.

Wall Street Analysts Forecast Growth

BSY has been the topic of several research reports. Piper Sandler reiterated an “overweight” rating and set a $63.00 price objective on shares of Bentley Systems in a research note on Wednesday, August 7th. The Goldman Sachs Group dropped their price objective on shares of Bentley Systems from $57.00 to $50.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 7th. Rosenblatt Securities reiterated a “buy” rating and set a $62.00 price objective on shares of Bentley Systems in a research note on Monday, September 16th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $61.00 target price on shares of Bentley Systems in a research 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 company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $59.57.

Insider Activity

In related news, Director Barry J. Bentley sold 50,000 shares of the firm’s stock in a transaction that occurred 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 sale, the director now directly owns 12,298,230 shares in the company, valued at approximately $617,371,146. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, Director Barry J. Bentley sold 50,000 shares of the firm’s stock in a transaction that occurred 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 sale, the director now directly owns 12,298,230 shares in the company, valued at approximately $617,371,146. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Barry J. Bentley sold 34,987 shares of the firm’s stock in a transaction that occurred 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 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 worth $13,720,676 over the last three months. Corporate 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.