6,370 Shares in Bentley Systems, Incorporated $BSY Acquired by J. Safra Sarasin Holding AG

J. Safra Sarasin Holding AG acquired a new stake in Bentley Systems, Incorporated (NASDAQ:BSY) during the second quarter, Holdings Channel.com reports. The institutional investor acquired 6,370 shares of the company’s stock, valued at approximately $344,000.

A number of other hedge funds have also recently bought and sold shares of the company. Robeco Institutional Asset Management B.V. boosted its position in Bentley Systems by 56.4% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 17,638 shares of the company’s stock valued at $952,000 after buying an additional 6,361 shares during the last quarter. Genesis Private Wealth LLC bought a new position in Bentley Systems in the 2nd quarter valued at $203,000. Signaturefd LLC boosted its position in Bentley Systems by 26.2% in the 2nd quarter. Signaturefd LLC now owns 3,660 shares of the company’s stock valued at $198,000 after buying an additional 760 shares during the last quarter. Public Employees Retirement System of Ohio boosted its position in Bentley Systems by 13.3% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 48,870 shares of the company’s stock valued at $2,638,000 after buying an additional 5,723 shares during the last quarter. Finally, Covea Finance boosted its position in Bentley Systems by 81.4% in the 2nd quarter. Covea Finance now owns 67,100 shares of the company’s stock valued at $3,621,000 after buying an additional 30,100 shares during the last quarter. 44.16% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Bentley Systems

In related news, insider David R. Shaman sold 19,348 shares of the firm’s stock in a transaction on Monday, July 14th. The stock was sold at an average price of $56.96, for a total transaction of $1,102,062.08. Following the sale, the insider owned 647,609 shares of the company’s stock, valued at approximately $36,887,808.64. This trade represents a 2.90% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Keith A. Bentley sold 150,000 shares of the firm’s stock in a transaction on Monday, July 7th. The stock was sold at an average price of $55.54, for a total value of $8,331,000.00. Following the sale, the director directly owned 3,859,327 shares in the company, valued at $214,347,021.58. The trade was a 3.74% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 170,713 shares of company stock worth $9,511,690 in the last ninety days. 20.56% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of brokerages have commented on BSY. Piper Sandler increased their price objective on Bentley Systems from $57.00 to $63.00 and gave the company an “overweight” rating in a research report on Thursday, August 7th. Robert W. Baird set a $64.00 price objective on Bentley Systems and gave the company an “outperform” rating in a research report on Wednesday, July 30th. Rosenblatt Securities downgraded Bentley Systems from a “buy” rating to a “neutral” rating and increased their price target for the company from $53.00 to $58.00 in a research note on Thursday, August 7th. The Goldman Sachs Group increased their price target on Bentley Systems from $42.00 to $47.00 and gave the company a “sell” rating in a research note on Thursday, August 7th. Finally, Wall Street Zen downgraded Bentley Systems from a “buy” rating to a “hold” rating in a research note on Wednesday, July 16th. Six equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $56.60.

Bentley Systems Stock Performance

BSY stock opened at $54.99 on Friday. The company has a market cap of $16.06 billion, a P/E ratio of 69.61, a price-to-earnings-growth ratio of 4.44 and a beta of 1.07. Bentley Systems, Incorporated has a twelve month low of $36.51 and a twelve month high of $59.25. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 1.07. The business’s fifty day moving average is $54.05 and its 200-day moving average is $50.03.

Bentley Systems (NASDAQ:BSY) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $0.32 EPS for the quarter, topping the consensus estimate of $0.29 by $0.03. The business had revenue of $364.11 million for the quarter, compared to the consensus estimate of $363.51 million. Bentley Systems had a return on equity of 28.41% and a net margin of 17.91%.The firm’s revenue was up 10.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.31 EPS. Equities research analysts forecast that Bentley Systems, Incorporated will post 0.88 EPS for the current year.

Bentley Systems Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Tuesday, September 23rd were paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend was Tuesday, September 23rd. Bentley Systems’s dividend payout ratio (DPR) is presently 35.44%.

About Bentley Systems

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.