SG Americas Securities LLC Acquires 25,543 Shares of Bentley Systems, Incorporated (NASDAQ:BSY)

SG Americas Securities LLC boosted its stake in Bentley Systems, Incorporated (NASDAQ:BSY) by 933.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 28,279 shares of the company’s stock after acquiring an additional 25,543 shares during the period. SG Americas Securities LLC’s holdings in Bentley Systems were worth $1,437,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in BSY. Public Employees Retirement Association of Colorado grew its holdings in shares of Bentley Systems by 227.4% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 23,912 shares of the company’s stock worth $1,248,000 after acquiring an additional 16,609 shares during the period. Envestnet Asset Management Inc. grew its stake in Bentley Systems by 2.2% in the fourth quarter. Envestnet Asset Management Inc. now owns 1,113,400 shares of the company’s stock worth $58,097,000 after purchasing an additional 23,771 shares during the period. Bridgewater Associates LP raised its holdings in Bentley Systems by 10.5% in the fourth quarter. Bridgewater Associates LP now owns 325,786 shares of the company’s stock worth $17,000,000 after purchasing an additional 30,982 shares in the last quarter. Vanguard Group Inc. lifted its position in Bentley Systems by 1.6% during the fourth quarter. Vanguard Group Inc. now owns 22,117,534 shares of the company’s stock valued at $1,154,093,000 after buying an additional 355,092 shares during the period. Finally, HighPoint Advisor Group LLC bought a new stake in shares of Bentley Systems during the 4th quarter valued at $429,000. 44.16% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Bentley Systems news, Director Raymond B. Bentley sold 91,045 shares of the business’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $49.43, for a total transaction of $4,500,354.35. Following the completion of the sale, the director now directly owns 16,598,656 shares in the company, valued at approximately $820,471,566.08. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Bentley Systems news, Director Raymond B. Bentley sold 91,045 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $49.43, for a total transaction of $4,500,354.35. Following the completion of the sale, the director now directly owns 16,598,656 shares in the company, valued at $820,471,566.08. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Barry J. Bentley sold 50,000 shares of the stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $50.20, for a total transaction of $2,510,000.00. Following the completion of the transaction, the director now owns 12,298,230 shares in the company, valued at $617,371,146. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 21.12% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

BSY has been the subject of several research reports. The Goldman Sachs Group decreased their price target on shares of Bentley Systems from $57.00 to $50.00 and set a “neutral” rating for the company in a research note on Wednesday, August 7th. Piper Sandler reiterated an “overweight” rating and set a $63.00 target price on shares of Bentley Systems in a report on Wednesday, August 7th. Rosenblatt Securities restated a “buy” rating and issued a $62.00 price target on shares of Bentley Systems in a research note on Monday, September 16th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $61.00 price objective on shares of Bentley Systems in a research report on Wednesday, August 7th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $59.57.

Bentley Systems Stock Performance

BSY stock opened at $48.45 on Wednesday. The stock has a market capitalization of $13.98 billion, a PE ratio of 45.28, a price-to-earnings-growth ratio of 4.19 and a beta of 1.03. The stock’s 50 day simple moving average is $49.35 and its 200 day simple moving average is $50.58. Bentley Systems, Incorporated has a 12-month low of $43.82 and a 12-month high of $57.19. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 1.36.

Bentley Systems (NASDAQ:BSY) last released its quarterly earnings data on Tuesday, August 6th. The company reported $0.31 EPS for the quarter, beating the consensus estimate of $0.23 by $0.08. Bentley Systems had a return on equity of 31.71% and a net margin of 29.17%. The company had revenue of $330.34 million for the quarter, compared to analysts’ expectations of $325.20 million. During the same period last year, the firm posted $0.20 earnings per share. Bentley Systems’s revenue was up 11.3% compared to the same quarter last year. As a group, research analysts forecast that Bentley Systems, Incorporated will post 0.9 earnings per share for the current fiscal year.

Bentley Systems Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 26th. Investors of record on Tuesday, September 17th were given a dividend of $0.06 per share. The ex-dividend date was Tuesday, September 17th. This represents a $0.24 dividend on an annualized basis and a yield of 0.50%. Bentley Systems’s dividend payout ratio (DPR) is 22.43%.

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.