SG Americas Securities LLC Acquires 41,625 Shares of Bentley Systems, Incorporated (NASDAQ:BSY)

SG Americas Securities LLC grew its holdings in Bentley Systems, Incorporated (NASDAQ:BSY) by 147.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 69,904 shares of the company’s stock after acquiring an additional 41,625 shares during the period. SG Americas Securities LLC’s holdings in Bentley Systems were worth $3,265,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Clear Harbor Asset Management LLC boosted its holdings in Bentley Systems by 1.5% in the third quarter. Clear Harbor Asset Management LLC now owns 15,335 shares of the company’s stock worth $779,000 after purchasing an additional 220 shares in the last quarter. Magnolia Capital Advisors LLC boosted its stake in shares of 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 acquiring an additional 249 shares in the last quarter. Central Pacific Bank Trust Division increased its holdings in shares of Bentley Systems by 57.1% during 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 during the last quarter. Cetera Investment Advisers increased its holdings in shares of Bentley Systems by 1.1% during the 2nd quarter. Cetera Investment Advisers now owns 31,449 shares of the company’s stock valued at $1,552,000 after acquiring an additional 352 shares during the last quarter. Finally, CIBC Asset Management Inc raised its stake in shares of Bentley Systems by 4.3% in the 3rd quarter. CIBC Asset Management Inc now owns 9,203 shares of the company’s stock valued at $468,000 after acquiring an additional 378 shares in the last quarter. Institutional investors and hedge funds own 44.16% of the company’s stock.

Insider Activity at Bentley Systems

In related news, Director Barry J. Bentley sold 50,000 shares of the company’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 sale, the director now owns 12,048,235 shares of the company’s stock, valued at $589,761,103.25. The trade was a 0.41 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Keith A. Bentley sold 69,573 shares of the 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 completion of the transaction, the director now directly owns 16,705,028 shares of the company’s stock, valued at $779,623,656.76. This trade represents a 0.41 % decrease in their position. The disclosure for this sale can be found here. 21.12% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

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

Bentley Systems Price Performance

Shares of Bentley Systems stock opened at $46.10 on Friday. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.52 and a quick ratio of 0.52. The company has a market cap 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 firm has a fifty day moving average price of $47.55 and a two-hundred day moving average price of $48.67. Bentley Systems, Incorporated has a fifty-two week low of $43.82 and a fifty-two week high of $57.19.

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

Bentley Systems Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Tuesday, December 3rd were given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.52%. The ex-dividend date of this dividend was Tuesday, December 3rd. Bentley Systems’s dividend payout ratio is presently 21.62%.

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.