Intrust Bank NA Sells 320 Shares of Bentley Systems, Incorporated (NASDAQ:BSY)

Intrust Bank NA trimmed its position in Bentley Systems, Incorporated (NASDAQ:BSY) by 7.4% in the fourth quarter, Holdings Channel.com reports. The firm owned 3,979 shares of the company’s stock after selling 320 shares during the period. Intrust Bank NA’s holdings in Bentley Systems were worth $208,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in BSY. California Public Employees Retirement System raised its position in shares of Bentley Systems by 223.4% during the 3rd quarter. California Public Employees Retirement System now owns 1,045,289 shares of the company’s stock valued at $52,432,000 after acquiring an additional 722,046 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC lifted its position in shares of Bentley Systems by 4.5% in the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 13,516,480 shares of the company’s stock worth $677,987,000 after purchasing an additional 578,512 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Bentley Systems by 2.6% during the 3rd quarter. Vanguard Group Inc. now owns 21,762,442 shares of the company’s stock worth $1,091,604,000 after buying an additional 556,363 shares during the last quarter. Envestnet Asset Management Inc. grew its stake in Bentley Systems by 43.0% in the third quarter. Envestnet Asset Management Inc. now owns 1,089,629 shares of the company’s stock valued at $54,656,000 after purchasing an additional 327,577 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in Bentley Systems by 13.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,401,734 shares of the company’s stock worth $70,311,000 after buying an additional 170,581 shares during the last quarter. 44.16% of the stock is owned by institutional investors.

Bentley Systems Trading Down 2.0 %

Shares of Bentley Systems stock opened at $51.47 on Thursday. The stock has a 50 day moving average price of $50.81 and a two-hundred day moving average price of $50.87. Bentley Systems, Incorporated has a 52 week low of $41.44 and a 52 week high of $55.37. The company has a debt-to-equity ratio of 1.72, a quick ratio of 0.55 and a current ratio of 0.55. The stock has a market capitalization of $14.71 billion, a PE ratio of 51.99, a price-to-earnings-growth ratio of 5.39 and a beta of 1.10.

Bentley Systems (NASDAQ:BSY) last issued its quarterly earnings data on Tuesday, February 27th. The company reported $0.18 EPS for the quarter, hitting analysts’ consensus estimates of $0.18. Bentley Systems had a return on equity of 33.87% and a net margin of 26.60%. The firm had revenue of $310.64 million during the quarter, compared to analyst estimates of $313.67 million. During the same period in the previous year, the company posted $0.13 EPS. The company’s revenue for the quarter was up 8.3% on a year-over-year basis. As a group, equities analysts anticipate that Bentley Systems, Incorporated will post 0.82 earnings per share for the current fiscal year.

Bentley Systems Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Wednesday, March 20th were given a dividend of $0.06 per share. The ex-dividend date of this dividend was Tuesday, March 19th. This represents a $0.24 annualized dividend and a dividend yield of 0.47%. This is a boost from Bentley Systems’s previous quarterly dividend of $0.05. Bentley Systems’s dividend payout ratio (DPR) is currently 24.24%.

Wall Street Analyst Weigh In

BSY has been the topic of several research analyst reports. Rosenblatt Securities restated a “buy” rating and issued a $60.00 price objective on shares of Bentley Systems in a research note on Tuesday. Robert W. Baird increased their target price on Bentley Systems from $58.00 to $59.00 and gave the stock an “outperform” rating in a report on Tuesday, February 6th. Royal Bank of Canada reissued an “outperform” rating and set a $61.00 target price on shares of Bentley Systems in a research note on Wednesday, February 28th. William Blair initiated coverage on shares of Bentley Systems in a research report on Thursday, March 28th. They set an “outperform” rating on the stock. Finally, Piper Sandler reiterated an “overweight” rating and set a $60.00 price objective on shares of Bentley Systems in a research report on Wednesday, February 28th. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $58.44.

Insiders Place Their Bets

In other news, Director Keith A. Bentley sold 17,021 shares of Bentley Systems stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $55.00, for a total transaction of $936,155.00. Following the sale, the director now directly owns 17,150,752 shares in the company, valued at approximately $943,291,360. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Bentley Systems news, Director Keith A. Bentley sold 17,021 shares of the stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $55.00, for a total transaction of $936,155.00. Following the completion of the transaction, the director now directly owns 17,150,752 shares of the company’s stock, valued at $943,291,360. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Keith A. Bentley sold 88,925 shares of the business’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $49.48, for a total value of $4,400,009.00. Following the completion of the sale, the director now owns 17,164,179 shares in the company, valued at $849,283,576.92. The disclosure for this sale can be found here. Insiders own 21.12% of the company’s stock.

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.