Sanctuary Advisors LLC Has $3.75 Million Stock Holdings in Bentley Systems, Incorporated (NASDAQ:BSY)

Sanctuary Advisors LLC grew its stake in shares of Bentley Systems, Incorporated (NASDAQ:BSY) by 5.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 77,380 shares of the company’s stock after purchasing an additional 3,732 shares during the period. Sanctuary Advisors LLC’s holdings in Bentley Systems were worth $3,754,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Impax Asset Management Group plc bought a new stake in Bentley Systems in the 3rd quarter valued at about $88,771,000. Swedbank AB grew its stake in Bentley Systems by 24.2% in the third 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 during the period. Fiera Capital Corp bought a new stake in shares of Bentley Systems during the third quarter valued at approximately $42,773,000. Kayne Anderson Rudnick Investment Management LLC raised its position in shares of Bentley Systems by 3.9% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 15,778,600 shares of the company’s stock worth $778,832,000 after purchasing an additional 586,458 shares during the period. Finally, Creative Planning lifted its holdings 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 worth $53,855,000 after purchasing an additional 441,316 shares in the last quarter. Institutional investors own 44.16% of the company’s stock.

Analysts Set New Price Targets

BSY has been the subject of a number of recent research reports. Piper Sandler boosted their price target on shares of Bentley Systems from $63.00 to $65.00 and gave the company an “overweight” rating in a research note on Friday, November 8th. Rosenblatt Securities reiterated a “buy” rating and set a $62.00 price objective on shares of Bentley Systems in a report on Friday, November 8th. Finally, JPMorgan Chase & Co. assumed coverage on shares of Bentley Systems in a report on Monday, December 9th. They issued a “neutral” rating and a $52.00 target price on the stock. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $58.43.

Bentley Systems Stock Performance

NASDAQ BSY opened at $48.03 on Tuesday. The company has a fifty day moving average price of $48.98 and a 200-day moving average price of $49.34. The firm has a market cap of $13.96 billion, a price-to-earnings ratio of 43.27, a PEG ratio of 4.04 and a beta of 1.03. 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 1 year low of $43.82 and a 1 year high of $57.19.

Bentley Systems (NASDAQ:BSY) last issued its quarterly earnings data on Thursday, November 7th. The company reported $0.24 earnings per share (EPS) for the quarter, hitting 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 the consensus estimate of $340.36 million. During the same period in the prior year, the firm posted $0.18 EPS. The firm’s quarterly revenue was up 9.3% compared to the same quarter last year. As a group, equities research analysts predict that Bentley Systems, Incorporated will post 0.88 EPS for the current fiscal year.

Bentley Systems Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Investors 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 0.50%. The ex-dividend date of this dividend was Tuesday, December 3rd. Bentley Systems’s payout ratio is 21.62%.

Insider Buying and Selling

In other Bentley Systems news, Director Barry J. Bentley sold 34,987 shares of the company’s stock in a transaction on Monday, October 7th. The stock was sold at an average price of $48.37, for a total value of $1,692,321.19. Following the completion of the transaction, the director now owns 12,213,248 shares in the company, valued at $590,754,805.76. This represents a 0.29 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Over the last three months, insiders have sold 234,987 shares of company stock worth $11,667,821. 21.12% of the stock is owned by company insiders.

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.