Bentley Systems, Incorporated (NASDAQ:BSY) Shares Purchased by Trium Capital LLP

Trium Capital LLP lifted its position in shares of Bentley Systems, Incorporated (NASDAQ:BSY) by 52.8% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 10,920 shares of the company’s stock after acquiring an additional 3,772 shares during the period. Trium Capital LLP’s holdings in Bentley Systems were worth $430,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. Intech Investment Management LLC lifted its holdings in Bentley Systems by 3.6% in the 4th quarter. Intech Investment Management LLC now owns 7,283 shares of the company’s stock valued at $340,000 after acquiring an additional 254 shares during the last quarter. Prentiss Smith & Co. Inc. increased its holdings in shares of Bentley Systems by 0.5% in the 1st quarter. Prentiss Smith & Co. Inc. now owns 64,171 shares of the company’s stock valued at $2,524,000 after purchasing an additional 315 shares during the period. EverSource Wealth Advisors LLC increased its holdings in shares of Bentley Systems by 3.3% in the 4th quarter. EverSource Wealth Advisors LLC now owns 10,035 shares of the company’s stock valued at $469,000 after purchasing an additional 317 shares during the period. Quantinno Capital Management LP increased its holdings in shares of Bentley Systems by 7.2% in the 4th quarter. Quantinno Capital Management LP now owns 5,261 shares of the company’s stock valued at $246,000 after purchasing an additional 354 shares during the period. Finally, Prudential PLC raised its position in Bentley Systems by 0.6% during the fourth quarter. Prudential PLC now owns 63,008 shares of the company’s stock valued at $2,942,000 after acquiring an additional 371 shares in the last quarter. Institutional investors own 44.16% of the company’s stock.

Bentley Systems Stock Up 0.7%

Shares of NASDAQ BSY opened at $55.90 on Wednesday. The company has a market cap of $16.31 billion, a price-to-earnings ratio of 70.76, a price-to-earnings-growth ratio of 4.51 and a beta of 1.09. Bentley Systems, Incorporated has a 12-month low of $36.51 and a 12-month high of $56.10. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 1.13. The firm’s 50-day simple moving average is $49.23 and its 200 day simple moving average is $45.99.

Bentley Systems (NASDAQ:BSY) last announced its quarterly earnings results on Wednesday, May 7th. The company reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.05. Bentley Systems had a return on equity of 29.18% and a net margin of 18.46%. The company had revenue of $370.54 million during the quarter, compared to analysts’ expectations of $366.76 million. During the same period in the prior year, the business posted $0.31 EPS. Bentley Systems’s revenue was up 9.7% on a year-over-year basis. On average, research analysts expect that Bentley Systems, Incorporated will post 0.88 earnings per share for the current fiscal year.

Bentley Systems Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 12th. Shareholders of record on Tuesday, June 3rd were given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 0.50%. The ex-dividend date of this dividend was Tuesday, June 3rd. Bentley Systems’s dividend payout ratio (DPR) is currently 35.44%.

Insiders Place Their Bets

In other Bentley Systems news, Director Raymond B. Bentley sold 355,103 shares of Bentley Systems stock in a transaction on Monday, June 16th. The shares were sold at an average price of $49.96, for a total transaction of $17,740,945.88. Following the completion of the transaction, the director directly owned 15,992,321 shares of the company’s stock, valued at $798,976,357.16. The trade was a 2.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider David R. Shaman sold 19,156 shares of the company’s stock in a transaction on Thursday, July 3rd. The shares were sold at an average price of $54.98, for a total transaction of $1,053,196.88. Following the completion of the transaction, the insider owned 670,558 shares in the company, valued at approximately $36,867,278.84. This represents a 2.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,031,519 shares of company stock valued at $51,926,023 in the last quarter. 20.56% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

BSY has been the topic of several recent research reports. Oppenheimer raised their price objective on shares of Bentley Systems from $49.00 to $50.00 and gave the company an “outperform” rating in a research report on Thursday, May 8th. Rosenblatt Securities lowered their price target on Bentley Systems from $62.00 to $53.00 and set a “buy” rating on the stock in a report on Monday, May 5th. KeyCorp increased their price target on Bentley Systems from $56.00 to $59.00 and gave the company an “overweight” rating in a report on Monday. UBS Group increased their price target on Bentley Systems from $48.00 to $53.00 and gave the company a “neutral” rating in a report on Thursday, May 8th. Finally, Wall Street Zen upgraded Bentley Systems from a “hold” rating to a “buy” rating in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $52.30.

About Bentley Systems

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.