40,976 Shares in Bentley Systems, Incorporated (NASDAQ:BSY) Bought by Lecap Asset Management Ltd.

Lecap Asset Management Ltd. acquired a new position in shares of Bentley Systems, Incorporated (NASDAQ:BSY) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 40,976 shares of the company’s stock, valued at approximately $1,612,000.

Several other institutional investors and hedge funds have also modified their holdings of BSY. City Holding Co. bought a new stake in shares of Bentley Systems during the first quarter worth about $26,000. Fifth Third Bancorp raised its stake in shares of Bentley Systems by 106.6% during the first quarter. Fifth Third Bancorp now owns 843 shares of the company’s stock valued at $33,000 after acquiring an additional 435 shares during the last quarter. Private Trust Co. NA lifted its holdings in shares of Bentley Systems by 61.1% during the fourth quarter. Private Trust Co. NA now owns 997 shares of the company’s stock worth $47,000 after purchasing an additional 378 shares during the period. Atala Financial Inc bought a new stake in shares of Bentley Systems in the fourth quarter worth $55,000. Finally, Ameriflex Group Inc. bought a new stake in shares of Bentley Systems in the fourth quarter worth $75,000. 44.16% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

BSY has been the topic of several recent research reports. Oppenheimer lifted their target price on Bentley Systems from $49.00 to $50.00 and gave the stock an “outperform” rating in a report on Thursday, May 8th. Robert W. Baird cut their price objective on Bentley Systems from $60.00 to $59.00 and set an “outperform” rating on the stock in a research note on Thursday, February 27th. Wall Street Zen upgraded Bentley Systems from a “hold” rating to a “buy” rating in a report on Sunday. Royal Bank Of Canada upped their target price on Bentley Systems from $53.00 to $55.00 and gave the company an “outperform” rating in a report on Thursday, May 8th. Finally, The Goldman Sachs Group cut Bentley Systems from a “neutral” rating to a “sell” rating and reduced their target price for the company from $51.00 to $42.00 in a report on Friday, February 28th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $52.00.

Bentley Systems Trading Down 0.2%

NASDAQ BSY opened at $52.42 on Thursday. The business has a 50 day simple moving average of $47.18 and a 200 day simple moving average of $45.58. Bentley Systems, Incorporated has a one year low of $36.51 and a one year high of $52.90. The stock has a market capitalization of $15.30 billion, a P/E ratio of 66.36, a P/E/G ratio of 4.41 and a beta of 1.07. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.49 and a quick ratio of 0.49.

Bentley Systems (NASDAQ:BSY) last released its earnings results on Wednesday, May 7th. The company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.30 by $0.05. Bentley Systems had a return on equity of 29.18% and a net margin of 18.46%. The business had revenue of $370.54 million during the quarter, compared to analysts’ expectations of $366.76 million. During the same quarter last year, the firm posted $0.31 earnings per share. The firm’s revenue was up 9.7% on a year-over-year basis. Research analysts expect that Bentley Systems, Incorporated will post 0.88 earnings per share for the current year.

Bentley Systems Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 12th. Investors of record on Tuesday, June 3rd were paid a dividend of $0.07 per share. The ex-dividend date was Tuesday, June 3rd. This represents a $0.28 annualized dividend and a yield of 0.53%. Bentley Systems’s dividend payout ratio is currently 35.44%.

Insiders Place Their Bets

In other Bentley Systems news, CRO Brock Ballard sold 12,363 shares of the stock in a transaction that occurred on Wednesday, May 7th. The stock was sold at an average price of $45.08, for a total value of $557,324.04. Following the transaction, the executive now owns 68,064 shares in the company, valued at approximately $3,068,325.12. This represents a 15.37% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Raymond B. Bentley sold 355,103 shares of the stock in a transaction that occurred on Monday, June 16th. The stock was sold at an average price of $49.96, for a total value of $17,740,945.88. Following the completion of the transaction, the director now owns 15,992,321 shares in the company, valued at approximately $798,976,357.16. The trade was a 2.17% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,012,363 shares of company stock worth $50,872,826. Corporate insiders own 20.56% 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.