Financial Guidance Group Inc. Sells 1,334 Shares of Bentley Systems, Incorporated $BSY

Financial Guidance Group Inc. lessened its stake in shares of Bentley Systems, Incorporated (NASDAQ:BSY) by 22.1% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,700 shares of the company’s stock after selling 1,334 shares during the period. Financial Guidance Group Inc.’s holdings in Bentley Systems were worth $254,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of BSY. Vanguard Group Inc. increased its position in shares of Bentley Systems by 5.3% during the 1st quarter. Vanguard Group Inc. now owns 17,999,856 shares of the company’s stock worth $708,114,000 after purchasing an additional 898,115 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC grew its stake in shares of Bentley Systems by 1.0% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 16,167,441 shares of the company’s stock valued at $636,027,000 after buying an additional 160,496 shares in the last quarter. Swedbank AB grew its stake in shares of Bentley Systems by 1.6% in the first quarter. Swedbank AB now owns 7,119,208 shares of the company’s stock valued at $280,070,000 after buying an additional 111,884 shares in the last quarter. Bessemer Group Inc. increased its holdings in Bentley Systems by 8,187,760.9% during the first quarter. Bessemer Group Inc. now owns 1,883,208 shares of the company’s stock worth $74,086,000 after buying an additional 1,883,185 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in Bentley Systems by 2.8% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 895,213 shares of the company’s stock worth $35,218,000 after acquiring an additional 24,258 shares in the last quarter. 44.16% of the stock is owned by institutional investors and hedge funds.

Bentley Systems Price Performance

Bentley Systems stock opened at $50.29 on Friday. Bentley Systems, Incorporated has a 12 month low of $36.51 and a 12 month high of $59.25. The stock’s 50 day moving average is $53.02 and its 200-day moving average is $50.60. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 1.07. The company has a market capitalization of $14.69 billion, a price-to-earnings ratio of 63.66, a PEG ratio of 4.09 and a beta of 1.07.

Bentley Systems (NASDAQ:BSY) last released its quarterly earnings results on Wednesday, August 6th. The company reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.03. Bentley Systems had a return on equity of 28.41% and a net margin of 17.91%.The business had revenue of $364.11 million during the quarter, compared to analysts’ expectations of $363.51 million. During the same period last year, the firm posted $0.31 EPS. The firm’s revenue for the quarter was up 10.2% compared to the same quarter last year. Equities research analysts expect that Bentley Systems, Incorporated will post 0.88 EPS for the current year.

Bentley Systems Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 23rd were given a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend was Tuesday, September 23rd. Bentley Systems’s payout ratio is presently 35.44%.

Wall Street Analyst Weigh In

BSY has been the topic of several recent analyst reports. The Goldman Sachs Group boosted their price objective on shares of Bentley Systems from $42.00 to $47.00 and gave the stock a “sell” rating in a research note on Thursday, August 7th. Oppenheimer boosted their price target on Bentley Systems from $59.00 to $65.00 and gave the stock an “outperform” rating in a research report on Thursday, August 7th. Barclays began coverage on Bentley Systems in a research report on Tuesday, October 7th. They issued an “equal weight” rating and a $57.00 price objective for the company. UBS Group lifted their target price on Bentley Systems from $53.00 to $60.00 and gave the stock a “neutral” rating in a research note on Thursday, August 7th. Finally, Wall Street Zen cut Bentley Systems from a “buy” rating to a “hold” rating in a research note on Wednesday, July 16th. Six investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $56.64.

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.