Banco Santander S.A. Buys Shares of 13,044 Bentley Systems, Incorporated (NASDAQ:BSY)

Banco Santander S.A. acquired a new position in shares of Bentley Systems, Incorporated (NASDAQ:BSY - Free Report) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 13,044 shares of the company's stock, valued at approximately $663,000.

Several other institutional investors have also recently bought and sold shares of the company. Russell Investments Group Ltd. increased its stake in Bentley Systems by 2.7% in the 1st quarter. Russell Investments Group Ltd. now owns 18,711 shares of the company's stock valued at $977,000 after buying an additional 494 shares during the last quarter. UniSuper Management Pty Ltd grew its stake in shares of Bentley Systems by 114.3% in the first quarter. UniSuper Management Pty Ltd now owns 3,000 shares of the company's stock valued at $157,000 after buying an additional 1,600 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund increased its holdings in Bentley Systems by 18,074.5% during the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 9,996 shares of the company's stock worth $522,000 after buying an additional 9,941 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in Bentley Systems by 1.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 401,055 shares of the company's stock worth $20,944,000 after acquiring an additional 6,235 shares in the last quarter. Finally, Public Employees Retirement System of Ohio lifted its stake in Bentley Systems by 40.3% in the first quarter. Public Employees Retirement System of Ohio now owns 114,979 shares of the company's stock valued at $6,004,000 after acquiring an additional 33,007 shares during the last quarter. Institutional investors own 44.16% of the company's stock.

Insider Activity

In related news, Director Raymond B. Bentley sold 91,045 shares of the business's stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $49.43, for a total value of $4,500,354.35. Following the completion of the transaction, the director now owns 16,598,656 shares of the company's stock, valued at $820,471,566.08. The trade was a 0.55 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Barry J. Bentley sold 50,000 shares of the stock in a transaction dated 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 sale, the director now owns 12,298,230 shares in the company, valued at $617,371,146. The trade was a 0.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 326,032 shares of company stock worth $16,168,176. Corporate insiders own 21.12% of the company's stock.

Analysts Set New Price Targets

BSY has been the topic of a number of research analyst reports. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $61.00 target price on shares of Bentley Systems in a report on Wednesday, August 7th. Piper Sandler raised their price objective on Bentley Systems from $63.00 to $65.00 and gave the company an "overweight" rating in a research report on Friday, November 8th. The Goldman Sachs Group decreased their target price on Bentley Systems from $57.00 to $50.00 and set a "neutral" rating on the stock in a report on Wednesday, August 7th. Finally, Rosenblatt Securities reaffirmed a "buy" rating and set a $62.00 price objective on shares of Bentley Systems in a research report on Friday, November 8th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $59.50.

Bentley Systems Stock Performance

BSY traded up $0.73 during trading on Friday, hitting $48.51. The stock had a trading volume of 883,196 shares, compared to its average volume of 1,053,435. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.52 and a quick ratio of 0.52. The firm has a market cap of $14.10 billion, a price-to-earnings ratio of 43.70, a P/E/G ratio of 4.08 and a beta of 1.04. The company has a 50 day moving average price of $49.30 and a 200-day moving average price of $50.02. Bentley Systems, Incorporated has a one year low of $43.82 and a one year high of $57.19.

Bentley Systems (NASDAQ:BSY - Get Free Report) last announced its earnings results on Thursday, November 7th. The company reported $0.24 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.24. Bentley Systems had a net margin of 27.73% and a return on equity of 29.50%. The company 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 business posted $0.18 earnings per share. Bentley Systems's quarterly revenue was up 9.3% on a year-over-year basis. As a group, research analysts predict that Bentley Systems, Incorporated will post 0.88 EPS for the current year.

Bentley Systems Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 26th. Stockholders of record on Tuesday, September 17th were issued a dividend of $0.06 per share. The ex-dividend date was Tuesday, September 17th. This represents a $0.24 annualized dividend and a dividend yield of 0.49%. Bentley Systems's dividend payout ratio is presently 21.62%.

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.