Bentley Systems, Incorporated (NASDAQ:BSY) Shares Sold by Point72 Asia Singapore Pte. Ltd.

Point72 Asia Singapore Pte. Ltd. lowered its stake in shares of Bentley Systems, Incorporated (NASDAQ:BSY) by 22.3% during the fourth quarter, Holdings Channel reports. The fund owned 5,649 shares of the company’s stock after selling 1,623 shares during the quarter. Point72 Asia Singapore Pte. Ltd.’s holdings in Bentley Systems were worth $264,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the stock. Private Trust Co. NA grew its position in shares of Bentley Systems by 61.1% in the 4th quarter. Private Trust Co. NA now owns 997 shares of the company’s stock worth $47,000 after acquiring an additional 378 shares in the last quarter. Tobam acquired a new position in Bentley Systems during the 4th quarter worth $55,000. Atala Financial Inc bought a new position in shares of Bentley Systems in the fourth quarter worth $55,000. CIBC Private Wealth Group LLC grew its stake in shares of Bentley Systems by 42.0% in the fourth quarter. CIBC Private Wealth Group LLC now owns 1,673 shares of the company’s stock worth $78,000 after purchasing an additional 495 shares in the last quarter. Finally, Tortoise Investment Management LLC grew its stake in shares of Bentley Systems by 76.9% in the fourth quarter. Tortoise Investment Management LLC now owns 1,675 shares of the company’s stock worth $78,000 after purchasing an additional 728 shares in the last quarter. Institutional investors and hedge funds own 44.16% of the company’s stock.

Bentley Systems Stock Up 0.6%

NASDAQ BSY opened at $48.23 on Friday. The business has a fifty day moving average price of $42.63 and a two-hundred day moving average price of $45.56. The stock has a market capitalization of $14.08 billion, a PE ratio of 43.45, a PEG ratio of 3.52 and a beta of 1.05. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.52 and a quick ratio of 0.52. Bentley Systems, Incorporated has a fifty-two week low of $36.51 and a fifty-two week high of $57.19.

Bentley Systems (NASDAQ:BSY) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.05. Bentley Systems had a return on equity of 29.50% and a net margin of 27.73%. The business had revenue of $370.54 million during the quarter, compared to the consensus estimate of $366.76 million. During the same period in the prior year, the business posted $0.31 earnings per share. Bentley Systems’s quarterly revenue was up 9.7% on a year-over-year basis. Equities analysts expect that Bentley Systems, Incorporated will post 0.88 earnings per share for the current fiscal year.

Bentley Systems Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Wednesday, March 19th were given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.58%. The ex-dividend date was Wednesday, March 19th. This is a boost from Bentley Systems’s previous quarterly dividend of $0.06. Bentley Systems’s dividend payout ratio is 35.44%.

Insider Activity at Bentley Systems

In related news, CRO Brock Ballard sold 12,363 shares of Bentley Systems stock in a transaction that occurred on Wednesday, May 7th. The shares were sold at an average price of $45.08, for a total value of $557,324.04. Following the sale, the executive now owns 68,064 shares of the company’s stock, valued at approximately $3,068,325.12. The trade was a 15.37% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 20.56% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities research analysts have recently commented on BSY shares. Robert W. Baird reduced their target price on Bentley Systems from $60.00 to $59.00 and set an “outperform” rating for the company in a report on Thursday, February 27th. JPMorgan Chase & Co. dropped their target price on Bentley Systems from $52.00 to $45.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 9th. KeyCorp increased their price objective on Bentley Systems from $54.00 to $56.00 and gave the company an “overweight” rating in a report on Thursday, May 8th. Mizuho decreased their target price on Bentley Systems from $60.00 to $50.00 and set an “outperform” rating for the company in a research note on Tuesday, April 15th. Finally, UBS Group raised their price objective on Bentley Systems from $48.00 to $53.00 and gave the stock a “neutral” rating in a research report on Thursday, May 8th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $52.00.

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.