Bentley Systems, Incorporated (NASDAQ:BSY) Shares Sold by Insigneo Advisory Services LLC

Insigneo Advisory Services LLC trimmed its stake in shares of Bentley Systems, Incorporated (NASDAQ:BSY - Free Report) by 80.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 5,482 shares of the company's stock after selling 22,917 shares during the quarter. Insigneo Advisory Services LLC's holdings in Bentley Systems were worth $279,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in BSY. Allspring Global Investments Holdings LLC grew its position in Bentley Systems by 4,618.2% during the second quarter. Allspring Global Investments Holdings LLC now owns 519 shares of the company's stock worth $26,000 after buying an additional 508 shares in the last quarter. GAMMA Investing LLC lifted its stake in shares of Bentley Systems by 90.1% in the 2nd quarter. GAMMA Investing LLC now owns 576 shares of the company's stock valued at $28,000 after purchasing an additional 273 shares during the period. Point72 Hong Kong Ltd acquired a new position in shares of Bentley Systems in the 3rd quarter valued at $30,000. Blue Trust Inc. lifted its stake in shares of Bentley Systems by 68,500.0% in the 2nd quarter. Blue Trust Inc. now owns 686 shares of the company's stock valued at $36,000 after purchasing an additional 685 shares during the period. Finally, Central Pacific Bank Trust Division increased its position in shares of Bentley Systems by 57.1% in the 3rd quarter. Central Pacific Bank Trust Division now owns 759 shares of the company's stock valued at $39,000 after buying an additional 276 shares in the last quarter. 44.16% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Piper Sandler raised their price objective on Bentley Systems from $63.00 to $65.00 and gave the company an "overweight" rating in a report on Friday, November 8th. JPMorgan Chase & Co. began coverage on shares of Bentley Systems in a research note on Monday. They issued a "neutral" rating and a $52.00 price objective on the stock. Finally, Rosenblatt Securities reissued a "buy" rating and issued a $62.00 price objective on shares of Bentley Systems in a research note on Friday, November 8th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $58.43.

Insider Transactions at Bentley Systems

In related news, Director Barry J. Bentley sold 50,000 shares of the firm's stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $50.92, for a total transaction of $2,546,000.00. Following the sale, the director now owns 12,148,235 shares of the company's stock, valued at $618,588,126.20. This trade represents a 0.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Over the last quarter, insiders have sold 234,987 shares of company stock valued at $11,667,821. 21.12% of the stock is currently owned by corporate insiders.

Bentley Systems Price Performance

Shares of NASDAQ:BSY traded down $1.12 during trading on Monday, reaching $48.62. The company had a trading volume of 1,145,751 shares, compared to its average volume of 1,195,186. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 1.37. Bentley Systems, Incorporated has a 12 month low of $43.82 and a 12 month high of $57.19. The company has a fifty day moving average of $49.17 and a two-hundred day moving average of $49.54. The stock has a market capitalization of $14.13 billion, a P/E ratio of 43.80, a price-to-earnings-growth ratio of 4.25 and a beta of 1.03.

Bentley Systems (NASDAQ:BSY - Get Free Report) last issued its quarterly 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. The company had revenue of $335.17 million during the quarter, compared to analysts' expectations of $340.36 million. Bentley Systems had a net margin of 27.73% and a return on equity of 29.50%. Bentley Systems's revenue was up 9.3% on a year-over-year basis. During the same period last year, the company posted $0.18 EPS. Equities research analysts forecast that Bentley Systems, Incorporated will post 0.88 earnings per share for the current year.

Bentley Systems Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Tuesday, December 3rd will be issued a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.49%. The ex-dividend date of this dividend is Tuesday, December 3rd. Bentley Systems's dividend payout ratio (DPR) is presently 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.