1,300 Shares in Bentley Systems, Incorporated $BSY Bought by Barrett & Company Inc.

Barrett & Company Inc. bought a new position in Bentley Systems, Incorporated (NASDAQ:BSY) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 1,300 shares of the company’s stock, valued at approximately $70,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. City Holding Co. bought a new position in shares of Bentley Systems during the 1st quarter valued at about $26,000. Geneos Wealth Management Inc. boosted its holdings in shares of Bentley Systems by 1,529.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 668 shares of the company’s stock valued at $26,000 after purchasing an additional 627 shares during the last quarter. Twin Tree Management LP boosted its holdings in shares of Bentley Systems by 361.9% during the 1st quarter. Twin Tree Management LP now owns 739 shares of the company’s stock valued at $29,000 after purchasing an additional 579 shares during the last quarter. Larson Financial Group LLC boosted its holdings in shares of Bentley Systems by 1,707.1% during the 1st quarter. Larson Financial Group LLC now owns 759 shares of the company’s stock valued at $30,000 after purchasing an additional 717 shares during the last quarter. Finally, Fifth Third Bancorp boosted its holdings in shares of Bentley Systems by 106.6% during the 1st quarter. Fifth Third Bancorp now owns 843 shares of the company’s stock valued at $33,000 after purchasing an additional 435 shares during the last quarter. Institutional investors own 44.16% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Piper Sandler increased their price objective on shares of Bentley Systems from $57.00 to $63.00 and gave the company an “overweight” rating in a report on Thursday, August 7th. Robert W. Baird set a $64.00 price objective on shares of Bentley Systems and gave the company an “outperform” rating in a report on Wednesday, July 30th. UBS Group increased their price target on shares of Bentley Systems from $53.00 to $60.00 and gave the company a “neutral” rating in a report on Thursday, August 7th. KeyCorp increased their price target on shares of Bentley Systems from $56.00 to $59.00 and gave the company an “overweight” rating in a report on Monday, July 7th. Finally, Wall Street Zen downgraded shares of Bentley Systems from a “buy” rating to a “hold” rating in a report on Wednesday, July 16th. Six research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $56.60.

Insider Transactions at Bentley Systems

In other news, insider David R. Shaman sold 19,348 shares of the firm’s stock in a transaction that occurred on Monday, July 14th. The shares were sold at an average price of $56.96, for a total transaction of $1,102,062.08. Following the transaction, the insider directly owned 647,609 shares of the company’s stock, valued at approximately $36,887,808.64. This trade represents a 2.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Keith A. Bentley sold 150,000 shares of the firm’s stock in a transaction that occurred on Monday, July 7th. The stock was sold at an average price of $55.54, for a total transaction of $8,331,000.00. Following the transaction, the director directly owned 3,859,327 shares in the company, valued at approximately $214,347,021.58. This trade represents a 3.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 170,713 shares of company stock worth $9,511,690 over the last three months. 20.56% of the stock is currently owned by corporate insiders.

Bentley Systems Stock Performance

Bentley Systems stock opened at $54.99 on Friday. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.51 and a quick ratio of 0.51. Bentley Systems, Incorporated has a 1-year low of $36.51 and a 1-year high of $59.25. The firm has a market capitalization of $16.06 billion, a P/E ratio of 69.61, a price-to-earnings-growth ratio of 4.52 and a beta of 1.07. The company’s 50-day moving average is $54.05 and its 200 day moving average is $49.98.

Bentley Systems (NASDAQ:BSY) last posted its quarterly earnings data on Wednesday, August 6th. The company reported $0.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.29 by $0.03. Bentley Systems had a net margin of 17.91% and a return on equity of 28.41%. The company had revenue of $364.11 million for the quarter, compared to analyst estimates of $363.51 million. During the same period in the prior year, the company posted $0.31 EPS. The firm’s revenue for the quarter was up 10.2% on a year-over-year basis. Research analysts forecast that Bentley Systems, Incorporated will post 0.88 EPS for the current year.

Bentley Systems Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Tuesday, September 23rd were given a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend was Tuesday, September 23rd. Bentley Systems’s dividend payout ratio is 35.44%.

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.