LVW Advisors LLC Has $949,000 Stake in Bentley Systems, Incorporated (NASDAQ:BSY)

LVW Advisors LLC lowered its position in Bentley Systems, Incorporated (NASDAQ:BSY) by 8.4% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 20,324 shares of the company’s stock after selling 1,859 shares during the period. LVW Advisors LLC’s holdings in Bentley Systems were worth $949,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of BSY. Impax Asset Management Group plc acquired a new position in shares of Bentley Systems in the 3rd quarter worth approximately $88,771,000. Swedbank AB increased its stake in shares of Bentley Systems by 24.2% in the 3rd quarter. Swedbank AB now owns 5,134,295 shares of the company’s stock valued at $260,874,000 after acquiring an additional 1,000,000 shares in the last quarter. Fiera Capital Corp bought a new stake in shares of Bentley Systems in the 3rd quarter valued at $42,773,000. Creative Planning increased its stake in shares of Bentley Systems by 67.9% in the 2nd quarter. Creative Planning now owns 1,091,058 shares of the company’s stock valued at $53,855,000 after acquiring an additional 441,316 shares in the last quarter. Finally, Squarepoint Ops LLC bought a new stake in shares of Bentley Systems in the 2nd quarter valued at $20,402,000. Institutional investors and hedge funds own 44.16% of the company’s stock.

Bentley Systems Stock Performance

Shares of BSY stock opened at $45.44 on Monday. The firm has a market capitalization of $13.21 billion, a PE ratio of 40.94, a price-to-earnings-growth ratio of 3.43 and a beta of 1.04. The firm has a fifty day simple moving average of $47.77 and a two-hundred day simple moving average of $48.78. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 1.37. Bentley Systems, Incorporated has a 12 month low of $43.82 and a 12 month high of $57.19.

Bentley Systems (NASDAQ:BSY) last announced its quarterly earnings results on Thursday, November 7th. The company reported $0.24 EPS for the quarter, meeting analysts’ consensus estimates 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 analyst estimates of $340.36 million. During the same quarter in the previous year, the business posted $0.18 EPS. Bentley Systems’s quarterly revenue was up 9.3% on a year-over-year basis. Analysts forecast that Bentley Systems, Incorporated will post 0.88 EPS for the current fiscal year.

Bentley Systems Announces Dividend

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

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Piper Sandler lowered their price objective 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. assumed coverage on shares of Bentley Systems in a research note on Monday, December 9th. They issued a “neutral” rating and a $52.00 price objective for the company. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $62.00 price objective on shares of Bentley Systems in a research note on Friday, November 8th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $57.29.

Insider Transactions at Bentley Systems

In other news, Director Keith A. Bentley sold 69,573 shares of the company’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $46.67, for a total value of $3,246,971.91. Following the completion of the sale, the director now owns 16,705,028 shares in the company, valued at $779,623,656.76. This represents a 0.41 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Barry J. Bentley sold 50,000 shares of the business’s stock in a transaction dated Monday, October 28th. The stock was 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 directly owns 12,048,235 shares in the company, 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. Company insiders own 21.12% of the company’s stock.

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.