B. Metzler seel. Sohn & Co. Holding AG Makes New Investment in Bentley Systems, Incorporated (NASDAQ:BSY)

B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of Bentley Systems, Incorporated (NASDAQ:BSY) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 5,651 shares of the company’s stock, valued at approximately $287,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC boosted its position in Bentley Systems by 4,618.2% during the second quarter. Allspring Global Investments Holdings LLC now owns 519 shares of the company’s stock worth $26,000 after purchasing an additional 508 shares during the period. GAMMA Investing LLC boosted its position in shares of Bentley Systems by 90.1% in the second quarter. GAMMA Investing LLC now owns 576 shares of the company’s stock valued at $28,000 after acquiring an additional 273 shares during the period. Blue Trust Inc. boosted its position in shares of Bentley Systems by 68,500.0% in the second quarter. Blue Trust Inc. now owns 686 shares of the company’s stock valued at $36,000 after acquiring an additional 685 shares during the period. Central Pacific Bank Trust Division boosted its position in shares of 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 acquiring an additional 276 shares during the period. Finally, Tortoise Investment Management LLC boosted its position in shares of Bentley Systems by 75.4% in the second quarter. Tortoise Investment Management LLC now owns 833 shares of the company’s stock valued at $41,000 after acquiring an additional 358 shares during the period. 44.16% of the stock is owned by institutional investors.

Insider Transactions at Bentley Systems

In other news, Director Raymond B. Bentley sold 91,045 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $49.43, for a total value of $4,500,354.35. Following the completion of the transaction, the director now owns 16,598,656 shares of the company’s stock, valued at $820,471,566.08. This represents a 0.55 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Barry J. Bentley sold 50,000 shares of the company’s stock in a transaction that occurred on Monday, October 14th. The shares were sold at an average price of $50.92, for a total value of $2,546,000.00. Following the completion of the transaction, the director now directly owns 12,148,235 shares of the company’s stock, valued at $618,588,126.20. This represents a 0.41 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 326,032 shares of company stock valued at $16,168,176. 21.12% of the stock is currently owned by insiders.

Bentley Systems Trading Up 2.3 %

BSY opened at $49.62 on Tuesday. Bentley Systems, Incorporated has a twelve month low of $43.82 and a twelve month high of $57.19. The company has a 50-day simple moving average of $49.30 and a 200 day simple moving average of $49.92. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 1.37. The stock has a market capitalization of $14.43 billion, a price-to-earnings ratio of 44.70, a P/E/G ratio of 4.14 and a beta of 1.04.

Bentley Systems (NASDAQ:BSY) last posted its earnings results on Thursday, November 7th. The company reported $0.24 EPS for the quarter, hitting analysts’ consensus estimates of $0.24. The firm had revenue of $335.17 million during the quarter, compared to analysts’ expectations of $340.36 million. Bentley Systems had a net margin of 27.73% and a return on equity of 29.50%. The business’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.18 earnings per share. Analysts predict that Bentley Systems, Incorporated will post 0.88 EPS for the current fiscal year.

Bentley Systems Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Tuesday, December 3rd will be issued a $0.06 dividend. The ex-dividend date is Tuesday, December 3rd. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.48%. Bentley Systems’s dividend payout ratio (DPR) is currently 21.62%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on BSY shares. Piper Sandler boosted their target price on shares of Bentley Systems from $63.00 to $65.00 and gave the company an “overweight” rating in a research report on Friday, November 8th. The Goldman Sachs Group reduced their target price on shares of Bentley Systems from $57.00 to $50.00 and set a “neutral” rating for the company in a research report on Wednesday, August 7th. Royal Bank of Canada reissued an “outperform” rating and issued a $61.00 target price on shares of Bentley Systems in a research report on Wednesday, August 7th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $62.00 price objective on shares of Bentley Systems in a research report on Friday, November 8th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, Bentley Systems presently has an average rating of “Moderate Buy” and an average target price of $59.50.

Bentley Systems 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.