Atria Investments Inc Sells 4,402 Shares of Bentley Systems, Incorporated (NASDAQ:BSY)

Atria Investments Inc lessened its stake in shares of Bentley Systems, Incorporated (NASDAQ:BSY) by 6.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 65,161 shares of the company’s stock after selling 4,402 shares during the quarter. Atria Investments Inc’s holdings in Bentley Systems were worth $3,403,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of BSY. Raymond James Financial Services Advisors Inc. bought a new stake in Bentley Systems during the 4th quarter valued at $233,000. Global Retirement Partners LLC lifted its holdings in shares of Bentley Systems by 439.4% during the 4th quarter. Global Retirement Partners LLC now owns 1,505 shares of the company’s stock valued at $73,000 after purchasing an additional 1,226 shares during the last quarter. Fifth Third Bancorp lifted its holdings in shares of Bentley Systems by 97.4% during the 4th quarter. Fifth Third Bancorp now owns 752 shares of the company’s stock valued at $39,000 after purchasing an additional 371 shares during the last quarter. Arizona State Retirement System lifted its holdings in shares of Bentley Systems by 1.3% during the 4th quarter. Arizona State Retirement System now owns 58,410 shares of the company’s stock valued at $3,048,000 after purchasing an additional 755 shares during the last quarter. Finally, Private Trust Co. NA lifted its holdings in shares of Bentley Systems by 87.3% during the 4th quarter. Private Trust Co. NA now owns 545 shares of the company’s stock valued at $28,000 after purchasing an additional 254 shares during the last quarter. Institutional investors own 44.16% of the company’s stock.

Insider Buying and Selling at Bentley Systems

In other Bentley Systems news, Director Keith A. Bentley sold 59,420 shares of Bentley Systems stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $55.01, for a total transaction of $3,268,694.20. Following the completion of the transaction, the director now owns 16,972,383 shares in the company, valued at approximately $933,650,788.83. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Keith A. Bentley sold 118,949 shares of the firm’s stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $55.01, for a total transaction of $6,543,384.49. Following the sale, the director now directly owns 17,031,803 shares in the company, valued at approximately $936,919,483.03. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Keith A. Bentley sold 59,420 shares of the firm’s stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $55.01, for a total value of $3,268,694.20. Following the sale, the director now owns 16,972,383 shares in the company, valued at $933,650,788.83. The disclosure for this sale can be found here. Company insiders own 21.12% of the company’s stock.

Bentley Systems Stock Performance

Shares of NASDAQ BSY traded down $1.58 during trading on Friday, reaching $46.02. 1,200,200 shares of the company traded hands, compared to its average volume of 703,975. The firm’s fifty day simple moving average is $49.78 and its 200 day simple moving average is $50.97. The stock has a market cap of $13.27 billion, a P/E ratio of 43.01, a PEG ratio of 4.21 and a beta of 1.03. Bentley Systems, Incorporated has a 12-month low of $44.76 and a 12-month high of $57.19. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 1.53.

Bentley Systems (NASDAQ:BSY) last released its quarterly earnings data on Tuesday, May 7th. The company reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.21 by $0.04. The business had revenue of $337.76 million during the quarter, compared to analyst estimates of $335.00 million. Bentley Systems had a return on equity of 32.62% and a net margin of 28.09%. As a group, research analysts anticipate that Bentley Systems, Incorporated will post 0.85 earnings per share for the current fiscal year.

Bentley Systems Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 13th. Shareholders of record on Tuesday, June 4th were paid a dividend of $0.06 per share. The ex-dividend date of this dividend was Tuesday, June 4th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.52%. Bentley Systems’s payout ratio is currently 22.43%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on BSY shares. Mizuho increased their price objective on Bentley Systems from $57.00 to $60.00 and gave the company a “buy” rating in a report on Wednesday, May 8th. Piper Sandler restated an “overweight” rating and issued a $63.00 target price (up previously from $60.00) on shares of Bentley Systems in a research note on Wednesday, May 8th. Finally, Rosenblatt Securities restated a “buy” rating and issued a $60.00 target price on shares of Bentley Systems in a research note on Tuesday, April 30th. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $61.29.

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.