Vestmark Advisory Solutions Inc. Purchases 3,284 Shares of Bentley Systems, Incorporated (NASDAQ:BSY)

Vestmark Advisory Solutions Inc. increased its position in shares of Bentley Systems, Incorporated (NASDAQ:BSY) by 3.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 102,623 shares of the company’s stock after purchasing an additional 3,284 shares during the period. Vestmark Advisory Solutions Inc.’s holdings in Bentley Systems were worth $5,355,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of BSY. Private Trust Co. NA boosted its stake in Bentley Systems by 87.3% in the 4th quarter. Private Trust Co. NA now owns 545 shares of the company’s stock worth $28,000 after purchasing an additional 254 shares during the period. Fifth Third Bancorp lifted its holdings in shares of Bentley Systems by 97.4% in the fourth quarter. Fifth Third Bancorp now owns 752 shares of the company’s stock worth $39,000 after buying an additional 371 shares in the last quarter. Van ECK Associates Corp bought a new position in shares of Bentley Systems during the fourth quarter worth $72,000. Global Retirement Partners LLC grew its stake in Bentley Systems by 439.4% during the fourth quarter. Global Retirement Partners LLC now owns 1,505 shares of the company’s stock valued at $73,000 after acquiring an additional 1,226 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its holdings in Bentley Systems by 46.9% in the 3rd quarter. PNC Financial Services Group Inc. now owns 2,257 shares of the company’s stock valued at $113,000 after acquiring an additional 721 shares during the last quarter. Hedge funds and other institutional investors own 44.16% of the company’s stock.

Bentley Systems Trading Up 2.9 %

BSY stock traded up $1.50 during mid-day trading on Friday, reaching $53.24. 873,200 shares of the stock traded hands, compared to its average volume of 2,179,463. Bentley Systems, Incorporated has a one year low of $41.59 and a one year high of $55.37. The stock has a market capitalization of $15.22 billion, a PE ratio of 53.78, a PEG ratio of 5.36 and a beta of 1.08. The company has a debt-to-equity ratio of 1.72, a quick ratio of 0.55 and a current ratio of 0.55. The business has a 50-day moving average price of $50.81 and a two-hundred day moving average price of $50.88.

Bentley Systems (NASDAQ:BSY) last released its quarterly earnings results on Tuesday, February 27th. The company reported $0.18 EPS for the quarter, hitting analysts’ consensus estimates of $0.18. The firm had revenue of $310.64 million during the quarter, compared to analysts’ expectations of $313.67 million. Bentley Systems had a net margin of 26.60% and a return on equity of 33.87%. The firm’s revenue for the quarter was up 8.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.13 EPS. Equities research analysts expect that Bentley Systems, Incorporated will post 0.82 EPS for the current year.

Bentley Systems Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Wednesday, March 20th were paid a dividend of $0.06 per share. This is a positive change from Bentley Systems’s previous quarterly dividend of $0.05. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.45%. The ex-dividend date of this dividend was Tuesday, March 19th. Bentley Systems’s dividend payout ratio (DPR) is currently 24.24%.

Insider Activity at Bentley Systems

In related news, Director Keith A. Bentley sold 17,021 shares of the firm’s stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $55.00, for a total value of $936,155.00. Following the transaction, the director now owns 17,150,752 shares of the company’s stock, valued at approximately $943,291,360. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, Director Keith A. Bentley sold 17,021 shares of the business’s stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $55.00, for a total value of $936,155.00. Following the completion of the sale, the director now owns 17,150,752 shares in the company, valued at $943,291,360. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Keith A. Bentley sold 88,925 shares of the firm’s stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $49.48, for a total value of $4,400,009.00. Following the transaction, the director now owns 17,164,179 shares in the company, valued at $849,283,576.92. The disclosure for this sale can be found here. 21.12% of the stock is owned by company insiders.

Analysts Set New Price Targets

BSY has been the subject of a number of research analyst reports. Robert W. Baird raised their price objective on Bentley Systems from $58.00 to $59.00 and gave the company an “outperform” rating in a research report on Tuesday, February 6th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $61.00 price objective on shares of Bentley Systems in a research note on Wednesday, February 28th. William Blair began coverage on Bentley Systems in a report on Thursday, March 28th. They set an “outperform” rating on the stock. Piper Sandler reissued an “overweight” rating and issued a $60.00 target price on shares of Bentley Systems in a report on Wednesday, February 28th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $60.00 price target on shares of Bentley Systems in a research note on Tuesday, April 30th. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $58.44.

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.