Bentley Systems, Incorporated (NASDAQ:BSY) Shares Sold by Everpar Advisors LLC

Everpar Advisors LLC lowered its holdings in Bentley Systems, Incorporated (NASDAQ:BSY) by 4.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,271 shares of the company’s stock after selling 612 shares during the period. Everpar Advisors LLC’s holdings in Bentley Systems were worth $573,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Point72 Hong Kong Ltd bought a new stake in shares of Bentley Systems in the 3rd quarter worth approximately $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 last quarter. Acadian Asset Management LLC acquired a new position in shares of Bentley Systems during the second quarter valued at $43,000. Livforsakringsbolaget Skandia Omsesidigt grew its position in shares of Bentley Systems by 500.0% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,200 shares of the company’s stock worth $61,000 after acquiring an additional 1,000 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. increased its holdings in shares of Bentley Systems by 49.1% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 1,342 shares of the company’s stock worth $66,000 after acquiring an additional 442 shares during the period. 44.16% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Bentley Systems Stock Down 0.9 %

Shares of BSY stock opened at $45.98 on Friday. Bentley Systems, Incorporated has a 1 year low of $43.82 and a 1 year high of $57.19. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.52 and a current ratio of 0.52. The business’s fifty day moving average is $47.83 and its 200-day moving average is $48.81. The stock has a market cap of $13.37 billion, a PE ratio of 41.42, a price-to-earnings-growth ratio of 3.43 and a beta of 1.04.

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

Bentley Systems Announces Dividend

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

Insider Buying and Selling at Bentley Systems

In other news, Director Barry J. Bentley sold 50,000 shares of the business’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 sale, the director now owns 12,048,235 shares in the company, 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 Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Keith A. Bentley sold 69,573 shares of the firm’s stock in a transaction that occurred on 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 represents a 0.41 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 169,573 shares of company stock valued at $8,166,472. Corporate insiders own 21.12% of the company’s stock.

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.