Park Avenue Securities LLC Has $462,000 Stake in Bentley Systems, Incorporated (NASDAQ:BSY)

Park Avenue Securities LLC reduced its holdings in shares of Bentley Systems, Incorporated (NASDAQ:BSY) by 2.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,842 shares of the company’s stock after selling 250 shares during the period. Park Avenue Securities LLC’s holdings in Bentley Systems were worth $462,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. Private Trust Co. NA grew its holdings in Bentley Systems by 87.3% in the fourth quarter. Private Trust Co. NA now owns 545 shares of the company’s stock worth $28,000 after purchasing an additional 254 shares during the period. MJP Associates Inc. ADV increased its position in Bentley Systems by 3.9% in the 4th quarter. MJP Associates Inc. ADV now owns 7,346 shares of the company’s stock valued at $383,000 after buying an additional 277 shares in the last quarter. Portside Wealth Group LLC raised its stake in Bentley Systems by 2.8% during the 4th quarter. Portside Wealth Group LLC now owns 11,412 shares of the company’s stock worth $595,000 after buying an additional 308 shares during the period. Dfpg Investments LLC boosted its holdings in Bentley Systems by 2.0% in the fourth quarter. Dfpg Investments LLC now owns 17,821 shares of the company’s stock worth $930,000 after acquiring an additional 341 shares in the last quarter. Finally, Fifth Third Bancorp grew its stake in Bentley Systems by 97.4% in the fourth quarter. Fifth Third Bancorp now owns 752 shares of the company’s stock valued at $39,000 after acquiring an additional 371 shares during the period. 44.16% of the stock is owned by institutional investors.

Bentley Systems Trading Down 0.6 %

NASDAQ:BSY opened at $49.36 on Friday. Bentley Systems, Incorporated has a 52 week low of $44.76 and a 52 week high of $57.19. The firm has a 50-day moving average price of $52.53 and a two-hundred day moving average price of $51.21. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.57 and a current ratio of 0.57. The firm has a market cap of $14.24 billion, a price-to-earnings ratio of 46.13, a price-to-earnings-growth ratio of 4.39 and a beta of 1.04.

Bentley Systems (NASDAQ:BSY) last issued its quarterly earnings results on Tuesday, May 7th. The company reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.21 by $0.04. The company had revenue of $337.76 million during the quarter, compared to the consensus estimate of $335.00 million. Bentley Systems had a return on equity of 32.62% and a net margin of 28.09%. On average, equities analysts expect that Bentley Systems, Incorporated will post 0.85 earnings per share for the current fiscal year.

Bentley Systems Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 13th. Stockholders of record on Tuesday, June 4th were paid a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.49%. The ex-dividend date of this dividend was Tuesday, June 4th. Bentley Systems’s payout ratio is 22.43%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Rosenblatt Securities reiterated a “buy” rating and issued a $60.00 target price on shares of Bentley Systems in a report on Tuesday, April 30th. Piper Sandler reiterated an “overweight” rating and set a $63.00 price objective (up from $60.00) on shares of Bentley Systems in a report on Wednesday, May 8th. Mizuho boosted their target price on shares of Bentley Systems from $57.00 to $60.00 and gave the stock a “buy” rating in a research report on Wednesday, May 8th. Finally, William Blair started coverage on shares of Bentley Systems in a research report on Thursday, March 28th. They issued an “outperform” rating on the stock. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $61.29.

Insider Buying and Selling

In other Bentley Systems news, Director Keith A. Bentley sold 17,021 shares of Bentley Systems stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $55.00, for a total value of $936,155.00. Following the sale, the director now owns 17,150,752 shares of the company’s stock, valued at $943,291,360. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Bentley Systems news, Director Keith A. Bentley sold 17,021 shares of the stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $55.00, for a total transaction of $936,155.00. Following the completion of the transaction, the director now directly owns 17,150,752 shares of the company’s stock, valued at $943,291,360. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Keith A. Bentley sold 118,949 shares of the business’s stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $55.01, for a total value of $6,543,384.49. Following the completion of the sale, the director now owns 17,031,803 shares in the company, valued at $936,919,483.03. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 195,390 shares of company stock valued at $10,748,234. 21.12% of the stock is owned by insiders.

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.