TimesSquare Capital Management LLC Sells 942 Shares of Bentley Systems, Incorporated (NASDAQ:BSY)

TimesSquare Capital Management LLC cut its position in Bentley Systems, Incorporated (NASDAQ:BSY) by 0.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,316,084 shares of the company’s stock after selling 942 shares during the quarter. TimesSquare Capital Management LLC owned 0.46% of Bentley Systems worth $68,726,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Private Trust Co. NA raised its position in Bentley Systems by 87.3% in the fourth quarter. Private Trust Co. NA now owns 545 shares of the company’s stock valued at $28,000 after purchasing an additional 254 shares during the last quarter. Fifth Third Bancorp raised its position 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 purchasing an additional 371 shares during the last quarter. Benjamin F. Edwards & Company Inc. increased its stake in shares of Bentley Systems by 496.0% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 900 shares of the company’s stock valued at $47,000 after buying an additional 749 shares during the period. Van ECK Associates Corp acquired a new stake in shares of Bentley Systems in the fourth quarter valued at about $72,000. Finally, Principal Securities Inc. acquired a new stake in shares of Bentley Systems in the fourth quarter valued at about $73,000. 44.16% of the stock is currently owned by institutional investors.

Bentley Systems Trading Up 2.3 %

NASDAQ BSY traded up $1.13 during trading hours on Friday, hitting $49.93. 970,613 shares of the company’s stock were exchanged, compared to its average volume of 1,341,698. The stock has a 50-day simple moving average of $51.69 and a 200 day simple moving average of $51.06. Bentley Systems, Incorporated has a 1-year low of $44.76 and a 1-year high of $57.19. The firm has a market cap of $14.40 billion, a price-to-earnings ratio of 46.66, a PEG ratio of 4.32 and a beta of 1.03. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 1.53.

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

Bentley Systems Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 13th. Shareholders of record on Tuesday, June 4th were paid a $0.06 dividend. The ex-dividend date was Tuesday, June 4th. This represents a $0.24 dividend on an annualized basis and a yield of 0.48%. Bentley Systems’s dividend payout ratio (DPR) is presently 22.43%.

Insider Buying and Selling at Bentley Systems

In other news, Director Keith A. Bentley sold 17,021 shares of the firm’s stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $55.00, for a total value of $936,155.00. Following the transaction, the director now owns 17,150,752 shares in the company, valued at $943,291,360. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Keith A. Bentley sold 17,021 shares of the firm’s stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $55.00, for a total value of $936,155.00. Following the transaction, the director now owns 17,150,752 shares in the company, valued at $943,291,360. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Keith A. Bentley sold 59,420 shares of the firm’s stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $55.01, for a total value of $3,268,694.20. Following the completion of the transaction, the director now owns 16,972,383 shares in the company, valued at approximately $933,650,788.83. The disclosure for this sale can be found here. Over the last quarter, insiders sold 195,390 shares of company stock valued at $10,748,234. Company insiders own 21.12% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on BSY shares. Rosenblatt Securities reissued a “buy” rating and issued a $60.00 price target on shares of Bentley Systems in a research note on Tuesday, April 30th. Piper Sandler reissued an “overweight” rating and issued a $63.00 price target (up previously from $60.00) on shares of Bentley Systems in a research note on Wednesday, May 8th. Mizuho increased their price target on Bentley Systems from $57.00 to $60.00 and gave the company a “buy” rating in a research note on Wednesday, May 8th. Finally, William Blair started coverage on Bentley Systems in a research note on Thursday, March 28th. They issued an “outperform” rating for the company. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $61.29.

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.