Diversify Wealth Management LLC Purchases 2,728 Shares of Bentley Systems, Incorporated (NASDAQ:BSY)

Diversify Wealth Management LLC increased its position in shares of Bentley Systems, Incorporated (NASDAQ:BSY) by 13.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 22,920 shares of the company’s stock after buying an additional 2,728 shares during the period. Diversify Wealth Management LLC’s holdings in Bentley Systems were worth $1,051,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Point72 Hong Kong Ltd acquired a new position in shares of Bentley Systems in the 3rd quarter valued at about $30,000. Central Pacific Bank Trust Division lifted its stake in Bentley Systems by 57.1% in the third quarter. Central Pacific Bank Trust Division now owns 759 shares of the company’s stock valued at $39,000 after buying an additional 276 shares during the period. Livforsakringsbolaget Skandia Omsesidigt boosted its holdings in shares of Bentley Systems by 500.0% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,200 shares of the company’s stock worth $61,000 after buying an additional 1,000 shares in the last quarter. Benjamin F. Edwards & Company Inc. grew its position in shares of Bentley Systems by 49.1% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 1,342 shares of the company’s stock worth $66,000 after buying an additional 442 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. increased its stake in shares of Bentley Systems by 71.8% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 2,105 shares of the company’s stock valued at $107,000 after acquiring an additional 880 shares in the last quarter. Institutional investors and hedge funds own 44.16% of the company’s stock.

Analyst Ratings Changes

BSY has been the subject of a number of research reports. Piper Sandler reduced their price target on shares of Bentley Systems from $65.00 to $57.00 and set an “overweight” rating for the company in a report on Wednesday, January 8th. JPMorgan Chase & Co. began coverage on Bentley Systems in a research note on Monday, December 9th. They issued a “neutral” rating and a $52.00 target price for the company. Finally, Rosenblatt Securities reaffirmed a “buy” rating and issued a $62.00 target price on shares of Bentley Systems in a research report on Friday, November 8th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, Bentley Systems currently has an average rating of “Moderate Buy” and an average target price of $57.29.

Bentley Systems Trading Down 1.2 %

BSY opened at $45.44 on Tuesday. The firm has a market capitalization of $13.21 billion, a PE ratio of 40.94, a P/E/G ratio of 3.43 and a beta of 1.04. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.52 and a quick ratio of 0.52. Bentley Systems, Incorporated has a fifty-two week low of $43.82 and a fifty-two week high of $57.19. The company’s 50-day moving average is $47.77 and its 200 day moving average is $48.77.

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

Bentley Systems Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Tuesday, December 3rd were paid a $0.06 dividend. The ex-dividend date was Tuesday, December 3rd. This represents a $0.24 annualized dividend and a yield of 0.53%. Bentley Systems’s dividend payout ratio (DPR) is 21.62%.

Insider Buying and Selling

In other news, Director Keith A. Bentley sold 69,573 shares of the company’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $46.67, for a total transaction of $3,246,971.91. Following the sale, the director now directly owns 16,705,028 shares in the company, valued at $779,623,656.76. This represents a 0.41 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Barry J. Bentley sold 50,000 shares of the firm’s stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $48.95, for a total transaction of $2,447,500.00. Following the completion of the transaction, the director now owns 12,048,235 shares of the company’s stock, 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 corporate insiders.

Bentley Systems 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.