Mirabella Financial Services LLP Lowers Holdings in Bentley Systems, Incorporated $BSY

Mirabella Financial Services LLP decreased its position in Bentley Systems, Incorporated (NASDAQ:BSY) by 72.0% during the second quarter, HoldingsChannel.com reports. The firm owned 20,400 shares of the company’s stock after selling 52,500 shares during the quarter. Mirabella Financial Services LLP’s holdings in Bentley Systems were worth $1,101,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the company. Geneos Wealth Management Inc. increased its position in shares of Bentley Systems by 1,529.3% during the first quarter. Geneos Wealth Management Inc. now owns 668 shares of the company’s stock valued at $26,000 after acquiring an additional 627 shares in the last quarter. Twin Tree Management LP increased its holdings in shares of Bentley Systems by 361.9% in the 1st quarter. Twin Tree Management LP now owns 739 shares of the company’s stock worth $29,000 after purchasing an additional 579 shares in the last quarter. Allworth Financial LP raised its stake in shares of Bentley Systems by 37.6% in the second quarter. Allworth Financial LP now owns 702 shares of the company’s stock worth $38,000 after purchasing an additional 192 shares during the last quarter. Assetmark Inc. lifted its holdings in shares of Bentley Systems by 682.8% during the second quarter. Assetmark Inc. now owns 728 shares of the company’s stock valued at $39,000 after purchasing an additional 635 shares in the last quarter. Finally, Whittier Trust Co. lifted its holdings in shares of Bentley Systems by 237.4% during the second quarter. Whittier Trust Co. now owns 830 shares of the company’s stock valued at $45,000 after purchasing an additional 584 shares in the last quarter. 44.16% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on BSY shares. Oppenheimer upped their target price on shares of Bentley Systems from $59.00 to $65.00 and gave the company an “outperform” rating in a research note on Thursday, August 7th. JPMorgan Chase & Co. lowered their price objective on shares of Bentley Systems from $56.00 to $51.00 and set a “neutral” rating on the stock in a research report on Thursday, November 6th. The Goldman Sachs Group lifted their target price on shares of Bentley Systems from $42.00 to $47.00 and gave the stock a “sell” rating in a research report on Thursday, August 7th. Rosenblatt Securities reissued a “buy” rating and set a $58.00 price target on shares of Bentley Systems in a report on Thursday, November 6th. Finally, Piper Sandler dropped their price target on Bentley Systems from $63.00 to $60.00 and set an “overweight” rating on the stock in a research note on Thursday, November 6th. Seven investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $56.73.

Bentley Systems Price Performance

NASDAQ BSY opened at $42.47 on Friday. The business’s fifty day moving average is $47.83 and its 200 day moving average is $51.30. Bentley Systems, Incorporated has a fifty-two week low of $36.51 and a fifty-two week high of $59.25. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.61 and a current ratio of 0.61. The company has a market capitalization of $12.40 billion, a PE ratio of 50.56, a price-to-earnings-growth ratio of 3.33 and a beta of 1.23.

Bentley Systems (NASDAQ:BSY) last posted its quarterly earnings data on Wednesday, November 5th. The company reported $0.27 EPS for the quarter, hitting the consensus estimate of $0.27. The firm had revenue of $375.55 million for the quarter, compared to the consensus estimate of $369.57 million. Bentley Systems had a return on equity of 28.16% and a net margin of 18.45%.The business’s revenue for the quarter was up 12.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.24 earnings per share. Sell-side analysts predict that Bentley Systems, Incorporated will post 0.88 earnings per share for the current year.

Bentley Systems Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 11th. Stockholders of record on Thursday, December 4th will be paid a $0.07 dividend. The ex-dividend date of this dividend is Thursday, December 4th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.7%. Bentley Systems’s dividend payout ratio is 33.33%.

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.