Swiss National Bank Has $34.68 Million Stock Holdings in Bentley Systems, Incorporated (NASDAQ:BSY)

Swiss National Bank trimmed its position in Bentley Systems, Incorporated (NASDAQ:BSY) by 2.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 664,600 shares of the company’s stock after selling 15,200 shares during the quarter. Swiss National Bank’s holdings in Bentley Systems were worth $34,679,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of BSY. Private Trust Co. NA raised its stake in Bentley Systems by 87.3% in the fourth quarter. Private Trust Co. NA now owns 545 shares of the company’s stock valued at $28,000 after buying an additional 254 shares during the period. Fifth Third Bancorp increased 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 worth $39,000 after acquiring an additional 371 shares during the last quarter. Van ECK Associates Corp bought a new stake in Bentley Systems in the 4th quarter valued at $72,000. Global Retirement Partners LLC lifted its holdings in 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. Finally, PNC Financial Services Group Inc. boosted its position in Bentley Systems by 46.9% during the third quarter. PNC Financial Services Group Inc. now owns 2,257 shares of the company’s stock worth $113,000 after purchasing an additional 721 shares during the period. 44.16% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Bentley Systems

In related news, Director Keith A. Bentley sold 17,021 shares of the firm’s stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $55.00, for a total transaction of $936,155.00. Following the completion of the transaction, the director now directly owns 17,150,752 shares of the company’s stock, valued at approximately $943,291,360. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Bentley Systems news, Director Keith A. Bentley sold 88,925 shares of the company’s stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $49.48, for a total transaction of $4,400,009.00. Following the sale, the director now owns 17,164,179 shares of the company’s stock, valued at $849,283,576.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Keith A. Bentley sold 17,021 shares of the firm’s stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $55.00, for a total value of $936,155.00. Following the sale, the director now directly owns 17,150,752 shares of the company’s stock, valued at approximately $943,291,360. The disclosure for this sale can be found here. 21.12% of the stock is owned by company insiders.

Bentley Systems Price Performance

Shares of NASDAQ:BSY opened at $54.93 on Wednesday. The firm has a 50 day simple moving average of $50.83 and a 200 day simple moving average of $50.85. The company has a market cap of $15.70 billion, a price-to-earnings ratio of 55.48, a PEG ratio of 5.36 and a beta of 1.08. Bentley Systems, Incorporated has a one year low of $41.59 and a one year high of $55.37. The company has a debt-to-equity ratio of 1.72, a current ratio of 0.55 and a quick ratio of 0.55.

Bentley Systems (NASDAQ:BSY) last released its quarterly earnings data on Tuesday, February 27th. The company reported $0.18 earnings per share for the quarter, meeting the consensus estimate of $0.18. Bentley Systems had a return on equity of 33.87% and a net margin of 26.60%. The company had revenue of $310.64 million for the quarter, compared to the consensus estimate of $313.67 million. During the same quarter last year, the business posted $0.13 EPS. Bentley Systems’s revenue for the quarter was up 8.3% on a year-over-year basis. Research analysts predict that Bentley Systems, Incorporated will post 0.82 earnings per share for the current fiscal year.

Bentley Systems Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Wednesday, March 20th were paid a $0.06 dividend. The ex-dividend date was Tuesday, March 19th. This represents a $0.24 annualized dividend and a dividend yield of 0.44%. This is an increase from Bentley Systems’s previous quarterly dividend of $0.05. Bentley Systems’s dividend payout ratio is currently 24.24%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on BSY. William Blair assumed coverage on Bentley Systems in a research note on Thursday, March 28th. They set an “outperform” rating on the stock. Rosenblatt Securities reissued a “buy” rating and set a $60.00 price target on shares of Bentley Systems in a research report on Tuesday, April 30th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $61.00 price objective on shares of Bentley Systems in a report on Wednesday, February 28th. Piper Sandler reissued an “overweight” rating and set a $60.00 target price on shares of Bentley Systems in a report on Wednesday, February 28th. Finally, Robert W. Baird boosted their price target on Bentley Systems from $58.00 to $59.00 and gave the company an “outperform” rating in a research note on Tuesday, February 6th. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $58.44.

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.