Park Avenue Securities LLC Has $427,000 Stock Holdings in Bentley Systems, Incorporated (NASDAQ:BSY)

Park Avenue Securities LLC grew its position in Bentley Systems, Incorporated (NASDAQ:BSY) by 5.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 9,138 shares of the company’s stock after buying an additional 467 shares during the period. Park Avenue Securities LLC’s holdings in Bentley Systems were worth $427,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Clear Harbor Asset Management LLC boosted its position in Bentley Systems by 1.5% during the 3rd quarter. Clear Harbor Asset Management LLC now owns 15,335 shares of the company’s stock worth $779,000 after acquiring an additional 220 shares during the last quarter. Magnolia Capital Advisors LLC lifted its position in Bentley Systems by 5.4% during the 2nd quarter. Magnolia Capital Advisors LLC now owns 4,895 shares of the company’s stock worth $242,000 after buying an additional 249 shares in the last quarter. Central Pacific Bank Trust Division grew its holdings in shares of Bentley Systems by 57.1% in the 3rd quarter. Central Pacific Bank Trust Division now owns 759 shares of the company’s stock valued at $39,000 after acquiring an additional 276 shares in the last quarter. Cetera Investment Advisers raised its holdings in Bentley Systems by 1.1% during the second quarter. Cetera Investment Advisers now owns 31,449 shares of the company’s stock worth $1,552,000 after acquiring an additional 352 shares in the last quarter. Finally, CIBC Asset Management Inc boosted its position in Bentley Systems by 4.3% during the third quarter. CIBC Asset Management Inc now owns 9,203 shares of the company’s stock valued at $468,000 after purchasing an additional 378 shares during the last quarter. Institutional investors own 44.16% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on BSY. Piper Sandler dropped their price target on shares of Bentley Systems from $65.00 to $57.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 8th. JPMorgan Chase & Co. initiated coverage on shares of Bentley Systems in a research report on Monday, December 9th. They set a “neutral” rating and a $52.00 price objective for the company. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $62.00 price objective on shares of Bentley Systems in a research report on Friday, November 8th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, Bentley Systems has a consensus rating of “Moderate Buy” and a consensus price target of $57.29.

Bentley Systems Trading Down 0.5 %

BSY stock opened at $46.10 on Friday. Bentley Systems, Incorporated has a 52 week low of $43.82 and a 52 week high of $57.19. The company has a market capitalization of $13.40 billion, a PE ratio of 41.53, a price-to-earnings-growth ratio of 3.48 and a beta of 1.04. The company’s 50-day simple moving average is $47.56 and its 200 day simple moving average is $48.69. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.52 and a current ratio of 0.52.

Bentley Systems (NASDAQ:BSY) last released its quarterly earnings results on Thursday, November 7th. The company reported $0.24 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.24. The company had revenue of $335.17 million during the quarter, compared to the consensus estimate of $340.36 million. Bentley Systems had a net margin of 27.73% and a return on equity of 29.50%. The firm’s quarterly revenue was up 9.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.18 earnings per share. As a group, sell-side analysts anticipate that Bentley Systems, Incorporated will post 0.88 earnings per share for the current year.

Bentley Systems Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Tuesday, December 3rd were paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 0.52%. The ex-dividend date was Tuesday, December 3rd. Bentley Systems’s dividend payout ratio (DPR) is presently 21.62%.

Insider Buying and Selling

In other news, Director Keith A. Bentley sold 69,573 shares of Bentley Systems stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $46.67, for a total value of $3,246,971.91. Following the transaction, the director now owns 16,705,028 shares in the company, valued at approximately $779,623,656.76. This trade represents a 0.41 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Barry J. Bentley sold 50,000 shares of the firm’s stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $48.95, for a total value of $2,447,500.00. Following the completion of the sale, the director now directly owns 12,048,235 shares in the company, valued at $589,761,103.25. This trade represents a 0.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 21.12% of the stock is currently owned by company 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.