Bentley Systems, Incorporated $BSY Shares Sold by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC trimmed its stake in Bentley Systems, Incorporated (NASDAQ:BSY) by 25.9% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 112,062 shares of the company’s stock after selling 39,239 shares during the period. Janney Montgomery Scott LLC’s holdings in Bentley Systems were worth $3,936,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in the stock. Baillie Gifford & Co. grew its stake in shares of Bentley Systems by 54,633.0% in the fourth quarter. Baillie Gifford & Co. now owns 298,295 shares of the company’s stock valued at $11,384,000 after buying an additional 297,750 shares in the last quarter. Retirement Systems of Alabama acquired a new position in Bentley Systems during the 4th quarter worth about $6,822,000. Fieldview Capital Management LLC purchased a new position in Bentley Systems during the 3rd quarter valued at about $1,574,000. Comerica Bank grew its position in Bentley Systems by 106.8% in the 4th quarter. Comerica Bank now owns 61,147 shares of the company’s stock valued at $2,334,000 after acquiring an additional 31,576 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its position in Bentley Systems by 25.1% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 166,493 shares of the company’s stock valued at $6,352,000 after acquiring an additional 33,456 shares in the last quarter. 44.16% of the stock is currently owned by institutional investors and hedge funds.

Bentley Systems Stock Performance

NASDAQ BSY traded up $0.21 during trading hours on Tuesday, hitting $32.81. The company had a trading volume of 151,473 shares, compared to its average volume of 3,002,538. Bentley Systems, Incorporated has a fifty-two week low of $28.08 and a fifty-two week high of $59.25. The firm has a market cap of $9.59 billion, a P/E ratio of 37.38, a price-to-earnings-growth ratio of 2.07 and a beta of 1.00. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.91. The business has a fifty day simple moving average of $31.88 and a 200-day simple moving average of $34.92.

Bentley Systems (NASDAQ:BSY) last issued its quarterly earnings data on Thursday, May 7th. The company reported $0.38 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.02. Bentley Systems had a net margin of 18.12% and a return on equity of 28.65%. The firm had revenue of $424.18 million for the quarter, compared to the consensus estimate of $419.80 million. During the same period last year, the firm posted $0.35 EPS. Bentley Systems’s quarterly revenue was up 14.5% compared to the same quarter last year. Equities analysts predict that Bentley Systems, Incorporated will post 1.2 EPS for the current year.

Bentley Systems Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 11th. Stockholders of record on Tuesday, June 2nd were issued a $0.07 dividend. The ex-dividend date was Tuesday, June 2nd. This represents a $0.28 annualized dividend and a dividend yield of 0.9%. Bentley Systems’s dividend payout ratio (DPR) is 31.82%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on BSY. Bank of America started coverage on shares of Bentley Systems in a research report on Tuesday, May 12th. They set a “buy” rating and a $40.00 price target on the stock. Zacks Research cut shares of Bentley Systems from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 21st. UBS Group reduced their target price on shares of Bentley Systems from $43.00 to $40.00 and set a “neutral” rating on the stock in a report on Monday, May 4th. Barclays decreased their price target on shares of Bentley Systems from $49.00 to $40.00 and set an “equal weight” rating for the company in a research report on Friday, May 29th. Finally, Mizuho dropped their price target on shares of Bentley Systems from $50.00 to $45.00 and set an “outperform” rating for the company in a research note on Friday, May 8th. Nine equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $45.54.

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.