SG Americas Securities LLC Sells 51,639 Shares of Bentley Systems, Incorporated $BSY

SG Americas Securities LLC trimmed its position in Bentley Systems, Incorporated (NASDAQ:BSY) by 56.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 40,147 shares of the company’s stock after selling 51,639 shares during the quarter. SG Americas Securities LLC’s holdings in Bentley Systems were worth $1,410,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Cresset Asset Management LLC grew its holdings in Bentley Systems by 6.5% in the 3rd quarter. Cresset Asset Management LLC now owns 4,882 shares of the company’s stock worth $251,000 after acquiring an additional 296 shares during the last quarter. Public Employees Retirement System of Ohio raised its stake in shares of Bentley Systems by 0.6% during the third quarter. Public Employees Retirement System of Ohio now owns 49,175 shares of the company’s stock valued at $2,532,000 after acquiring an additional 305 shares during the last quarter. Lansforsakringar Fondforvaltning AB publ boosted its holdings in shares of Bentley Systems by 0.7% during the fourth quarter. Lansforsakringar Fondforvaltning AB publ now owns 50,048 shares of the company’s stock worth $1,910,000 after purchasing an additional 326 shares during the period. National Pension Service boosted its holdings in shares of Bentley Systems by 63.0% during the fourth quarter. National Pension Service now owns 880 shares of the company’s stock worth $34,000 after purchasing an additional 340 shares during the period. Finally, Global Retirement Partners LLC boosted its holdings in shares of Bentley Systems by 63.7% during the fourth quarter. Global Retirement Partners LLC now owns 889 shares of the company’s stock worth $34,000 after purchasing an additional 346 shares during the period. 44.16% of the stock is currently owned by institutional investors.

Bentley Systems Stock Performance

Shares of BSY opened at $32.26 on Friday. Bentley Systems, Incorporated has a 1-year low of $28.08 and a 1-year high of $59.25. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.91. The firm’s 50-day moving average price is $31.88 and its 200-day moving average price is $35.01. The firm has a market capitalization of $9.43 billion, a price-to-earnings ratio of 36.66, a PEG ratio of 2.07 and a beta of 1.00.

Bentley Systems (NASDAQ:BSY) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.02. Bentley Systems had a net margin of 18.12% and a return on equity of 28.65%. The company had revenue of $424.18 million during the quarter, compared to the consensus estimate of $419.80 million. During the same period in the prior year, the firm earned $0.35 earnings per share. Bentley Systems’s revenue was up 14.5% on a year-over-year basis. Sell-side analysts anticipate that Bentley Systems, Incorporated will post 1.2 EPS for the current year.

Bentley Systems Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 11th. Shareholders of record on Tuesday, June 2nd were issued a dividend of $0.07 per share. The ex-dividend date was Tuesday, June 2nd. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.9%. Bentley Systems’s dividend payout ratio is 31.82%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Weiss Ratings upgraded Bentley Systems from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday. BNP Paribas Exane started coverage on Bentley Systems in a report on Thursday, June 18th. They issued an “outperform” rating and a $40.00 price objective for the company. Barclays cut their price objective on Bentley Systems from $49.00 to $40.00 and set an “equal weight” rating on the stock in a research report on Friday, May 29th. Bank of America started coverage on Bentley Systems in a research note on Tuesday, May 12th. They set a “buy” rating and a $40.00 target price on the stock. Finally, Zacks Research downgraded Bentley Systems from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 21st. Ten investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $46.50.

About Bentley Systems

Bentley Systems, Inc is a global software provider specializing in infrastructure engineering applications for the design, construction, and operations of roads, bridges, rail and transit systems, water and wastewater networks, power plants and grids, industrial facilities, and communications infrastructure. Founded in 1984 by brothers Keith and Barry Bentley, the company is headquartered in Exton, Pennsylvania, and maintains offices and development centers across North America, Europe, Asia, and Australia.