Bentley Systems, Incorporated (NASDAQ:BSY) Shares Acquired by Captrust Financial Advisors

Captrust Financial Advisors lifted its stake in shares of Bentley Systems, Incorporated (NASDAQ:BSY) by 4.4% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 22,980 shares of the company’s stock after purchasing an additional 971 shares during the period. Captrust Financial Advisors’ holdings in Bentley Systems were worth $1,168,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Allspring Global Investments Holdings LLC raised its stake in Bentley Systems by 4,618.2% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 519 shares of the company’s stock valued at $26,000 after purchasing an additional 508 shares during the period. GAMMA Investing LLC grew its holdings in shares of Bentley Systems by 90.1% during the second quarter. GAMMA Investing LLC now owns 576 shares of the company’s stock valued at $28,000 after buying an additional 273 shares in the last quarter. Blue Trust Inc. raised its position in Bentley Systems by 68,500.0% during the second quarter. Blue Trust Inc. now owns 686 shares of the company’s stock valued at $36,000 after buying an additional 685 shares during the period. Central Pacific Bank Trust Division lifted its stake in Bentley Systems by 57.1% in the 3rd quarter. Central Pacific Bank Trust Division now owns 759 shares of the company’s stock worth $39,000 after acquiring an additional 276 shares in the last quarter. Finally, Tortoise Investment Management LLC boosted its position in Bentley Systems by 75.4% during the 2nd quarter. Tortoise Investment Management LLC now owns 833 shares of the company’s stock worth $41,000 after acquiring an additional 358 shares during the period. 44.16% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

BSY has been the topic of a number of research reports. Piper Sandler upped their target price on Bentley Systems from $63.00 to $65.00 and gave the company an “overweight” rating in a report on Friday, November 8th. Rosenblatt Securities reiterated a “buy” rating and issued a $62.00 price objective on shares of Bentley Systems in a research note on Friday, November 8th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $59.50.

Insiders Place Their Bets

In other Bentley Systems news, Director Barry J. Bentley sold 34,987 shares of the 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 transaction, the director now owns 12,213,248 shares in the company, valued at $590,754,805.76. This trade represents a 0.29 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders sold 234,987 shares of company stock valued at $11,667,821 over the last quarter. Insiders own 21.12% of the company’s stock.

Bentley Systems Stock Up 0.4 %

Shares of Bentley Systems stock opened at $49.74 on Monday. The firm has a market cap of $14.46 billion, a price-to-earnings ratio of 44.81, a P/E/G ratio of 4.32 and a beta of 1.03. The stock has a 50-day simple moving average of $49.17 and a 200-day simple moving average of $49.56. Bentley Systems, Incorporated has a 52-week low of $43.82 and a 52-week high of $57.19. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.52 and a quick ratio of 0.52.

Bentley Systems (NASDAQ:BSY) last posted its earnings results on Thursday, November 7th. The company reported $0.24 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.24. Bentley Systems had a net margin of 27.73% and a return on equity of 29.50%. The firm had revenue of $335.17 million during the quarter, compared to analysts’ expectations of $340.36 million. During the same period in the previous year, the company earned $0.18 earnings per share. The company’s revenue was up 9.3% compared to the same quarter last year. On average, equities research analysts expect that Bentley Systems, Incorporated will post 0.88 earnings per share 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. Shareholders of record on Tuesday, December 3rd will be issued a dividend of $0.06 per share. The ex-dividend date of this dividend is Tuesday, December 3rd. This represents a $0.24 annualized dividend and a yield of 0.48%. Bentley Systems’s dividend payout ratio (DPR) is currently 21.62%.

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.