PUREfi Wealth LLC Buys Shares of 4,470 Bentley Systems, Incorporated $BSY

PUREfi Wealth LLC bought a new stake in shares of Bentley Systems, Incorporated (NASDAQ:BSY) during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 4,470 shares of the company’s stock, valued at approximately $241,000.

Other large investors have also recently bought and sold shares of the company. City Holding Co. acquired a new stake in Bentley Systems during the 1st quarter valued at $26,000. Geneos Wealth Management Inc. boosted its holdings in shares of Bentley Systems by 1,529.3% during the first quarter. Geneos Wealth Management Inc. now owns 668 shares of the company’s stock worth $26,000 after purchasing an additional 627 shares during the last quarter. Twin Tree Management LP boosted its holdings in shares of Bentley Systems by 361.9% during the first quarter. Twin Tree Management LP now owns 739 shares of the company’s stock worth $29,000 after purchasing an additional 579 shares during the last quarter. Larson Financial Group LLC boosted its holdings in shares of Bentley Systems by 1,707.1% during the first quarter. Larson Financial Group LLC now owns 759 shares of the company’s stock worth $30,000 after purchasing an additional 717 shares during the last quarter. Finally, Fifth Third Bancorp boosted its holdings in shares of Bentley Systems by 106.6% during the first quarter. Fifth Third Bancorp now owns 843 shares of the company’s stock worth $33,000 after purchasing an additional 435 shares during the last quarter. Institutional investors and hedge funds own 44.16% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on BSY. Robert W. Baird set a $64.00 price objective on Bentley Systems and gave the stock an “outperform” rating in a report on Wednesday, July 30th. Rosenblatt Securities cut Bentley Systems from a “buy” rating to a “neutral” rating and raised their price objective for the stock from $53.00 to $58.00 in a report on Thursday, August 7th. KeyCorp raised their price objective on Bentley Systems from $56.00 to $59.00 and gave the stock an “overweight” rating in a report on Monday, July 7th. Wall Street Zen cut Bentley Systems from a “buy” rating to a “hold” rating in a report on Wednesday, July 16th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Bentley Systems in a report on Saturday, September 27th. Six investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Bentley Systems presently has a consensus rating of “Hold” and a consensus target price of $56.60.

Insider Activity at Bentley Systems

In other Bentley Systems news, insider David R. Shaman sold 19,348 shares of the business’s stock in a transaction dated Monday, July 14th. The stock was sold at an average price of $56.96, for a total transaction of $1,102,062.08. Following the transaction, the insider owned 647,609 shares in the company, valued at $36,887,808.64. The trade was a 2.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders sold a total of 20,713 shares of company stock worth $1,180,690 in the last 90 days. Insiders own 20.56% of the company’s stock.

Bentley Systems Price Performance

Shares of Bentley Systems stock opened at $54.99 on Monday. Bentley Systems, Incorporated has a twelve month low of $36.51 and a twelve month high of $59.25. The stock has a market capitalization of $16.06 billion, a P/E ratio of 69.61, a PEG ratio of 4.44 and a beta of 1.07. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 1.07. The business’s fifty day moving average price is $54.05 and its 200 day moving average price is $50.09.

Bentley Systems (NASDAQ:BSY) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.03. The company had revenue of $364.11 million for the quarter, compared to analysts’ expectations of $363.51 million. Bentley Systems had a return on equity of 28.41% and a net margin of 17.91%.The firm’s quarterly revenue was up 10.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.31 earnings per share. As a group, research analysts anticipate that Bentley Systems, Incorporated will post 0.88 earnings per share for the current year.

Bentley Systems Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 23rd were paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date was Tuesday, September 23rd. Bentley Systems’s payout ratio is currently 35.44%.

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.