Bentley Systems, Incorporated (NASDAQ:BSY) Shares Purchased by Mizuho Markets Americas LLC

Mizuho Markets Americas LLC lifted its position in shares of Bentley Systems, Incorporated (NASDAQ:BSY) by 5.7% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 550,157 shares of the company’s stock after buying an additional 29,473 shares during the period. Mizuho Markets Americas LLC owned approximately 0.19% of Bentley Systems worth $27,953,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. CIBC Asset Management Inc increased its holdings in shares of Bentley Systems by 4.3% in the 3rd quarter. CIBC Asset Management Inc now owns 9,203 shares of the company’s stock valued at $468,000 after acquiring an additional 378 shares during the last quarter. Victory Capital Management Inc. increased its position in Bentley Systems by 3.4% in the 3rd quarter. Victory Capital Management Inc. now owns 95,099 shares of the company’s stock valued at $4,832,000 after acquiring an additional 3,163 shares during the period. Venturi Wealth Management LLC increased its holdings in shares of Bentley Systems by 61.5% during the third quarter. Venturi Wealth Management LLC now owns 8,743 shares of the company’s stock valued at $444,000 after purchasing an additional 3,329 shares during the period. TimesSquare Capital Management LLC lifted its stake in shares of Bentley Systems by 3.5% in the 3rd quarter. TimesSquare Capital Management LLC now owns 1,161,146 shares of the company’s stock worth $58,998,000 after acquiring an additional 39,205 shares during the period. Finally, Montanaro Asset Management Ltd boosted its stake in Bentley Systems by 8.8% during the third quarter. Montanaro Asset Management Ltd now owns 331,416 shares of the company’s stock valued at $16,839,000 after buying an additional 26,741 shares in the last quarter. Institutional investors and hedge funds own 44.16% of the company’s stock.

Insiders Place Their Bets

In related news, Director Raymond B. Bentley sold 91,045 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $49.43, for a total transaction of $4,500,354.35. Following the completion of the sale, the director now directly owns 16,598,656 shares of the company’s stock, valued at approximately $820,471,566.08. This trade represents a 0.55 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Barry J. Bentley sold 50,000 shares of Bentley Systems stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $50.20, for a total transaction of $2,510,000.00. Following the completion of the sale, the director now directly owns 12,298,230 shares in the company, valued at $617,371,146. This trade represents a 0.40 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 326,032 shares of company stock worth $16,168,176. Company insiders own 21.12% of the company’s stock.

Wall Street Analyst Weigh In

BSY has been the subject of a number of recent analyst reports. Rosenblatt Securities reiterated a “buy” rating and issued a $62.00 price target on shares of Bentley Systems in a research report on Friday, November 8th. The Goldman Sachs Group cut their target price on shares of Bentley Systems from $57.00 to $50.00 and set a “neutral” rating for the company in a research note on Wednesday, August 7th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $61.00 price objective on shares of Bentley Systems in a report on Wednesday, August 7th. Finally, Piper Sandler lifted their target price 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. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $59.50.

Bentley Systems Trading Down 3.1 %

Bentley Systems stock opened at $46.59 on Friday. The stock has a market capitalization of $13.54 billion, a P/E ratio of 41.97, a PEG ratio of 4.04 and a beta of 1.04. 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 stock has a 50-day simple moving average of $49.40 and a 200 day simple moving average of $50.20. Bentley Systems, Incorporated has a 52 week low of $43.82 and a 52 week 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 for the quarter, hitting the consensus estimate 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 analysts’ expectations of $340.36 million. During the same quarter in the previous year, the company earned $0.18 EPS. The business’s revenue was up 9.3% on a year-over-year basis. Analysts expect that Bentley Systems, Incorporated will post 0.9 earnings per share for the current year.

Bentley Systems Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 26th. Stockholders of record on Tuesday, September 17th were paid a $0.06 dividend. The ex-dividend date of this dividend was Tuesday, September 17th. This represents a $0.24 annualized dividend and a dividend yield of 0.52%. Bentley Systems’s payout ratio is 21.62%.

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.