Janney Montgomery Scott LLC Has $9.07 Million Holdings in Bentley Systems, Incorporated (NASDAQ:BSY)

Janney Montgomery Scott LLC lowered its stake in Bentley Systems, Incorporated (NASDAQ:BSY - Free Report) by 5.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 194,215 shares of the company's stock after selling 11,782 shares during the period. Janney Montgomery Scott LLC owned approximately 0.07% of Bentley Systems worth $9,070,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. SG Americas Securities LLC grew its stake in shares of Bentley Systems by 147.2% during the 4th quarter. SG Americas Securities LLC now owns 69,904 shares of the company's stock worth $3,265,000 after purchasing an additional 41,625 shares during the period. Clear Harbor Asset Management LLC raised its position in shares of Bentley Systems by 160.8% during the 4th quarter. Clear Harbor Asset Management LLC now owns 39,991 shares of the company's stock worth $1,868,000 after purchasing an additional 24,656 shares during the last quarter. Diversify Wealth Management LLC increased its position in Bentley Systems by 13.5% during the fourth quarter. Diversify Wealth Management LLC now owns 22,920 shares of the company's stock worth $1,051,000 after buying an additional 2,728 shares in the last quarter. Trium Capital LLP purchased a new stake in shares of Bentley Systems in the fourth quarter valued at $334,000. Finally, Avanza Fonder AB purchased a new stake in Bentley Systems during the 4th quarter worth about $376,000. Hedge funds and other institutional investors own 44.16% of the company's stock.

Insider Transactions at Bentley Systems

In related news, Director Keith A. Bentley sold 1,152 shares of the business's stock in a transaction that occurred on Friday, January 24th. The stock was sold at an average price of $46.33, for a total transaction of $53,372.16. Following the sale, the director now owns 16,703,876 shares of the company's stock, valued at $773,890,575.08. The trade was a 0.01 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 21.12% of the company's stock.

Bentley Systems Stock Up 1.4 %

NASDAQ BSY traded up $0.63 during mid-day trading on Friday, reaching $46.55. 1,825,744 shares of the company's stock traded hands, compared to its average volume of 1,200,542. Bentley Systems, Incorporated has a 1-year low of $43.82 and a 1-year high of $57.19. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 1.37. The company has a market cap of $13.53 billion, a price-to-earnings ratio of 41.94, a P/E/G ratio of 3.41 and a beta of 1.04. The company has a fifty day simple moving average of $47.49 and a 200-day simple moving average of $48.60.

Bentley Systems (NASDAQ:BSY - Get Free Report) last issued its earnings results on Thursday, November 7th. The company reported $0.24 EPS for the quarter, hitting the consensus estimate of $0.24. Bentley Systems had a return on equity of 29.50% and a net margin of 27.73%. The company had revenue of $335.17 million during the quarter, compared to analyst estimates of $340.36 million. During the same quarter last year, the firm earned $0.18 EPS. The business's revenue was up 9.3% on a year-over-year basis. As a group, equities research analysts expect that Bentley Systems, Incorporated will post 0.88 EPS for the current year.

Bentley Systems Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Tuesday, December 3rd were given a dividend of $0.06 per share. The ex-dividend date of this dividend was Tuesday, December 3rd. This represents a $0.24 dividend on an annualized basis and a yield of 0.52%. Bentley Systems's dividend payout ratio is currently 21.62%.

Analyst Upgrades and Downgrades

BSY has been the subject of several recent analyst reports. Rosenblatt Securities reaffirmed a "buy" rating and issued a $62.00 target price on shares of Bentley Systems in a research note on Friday, November 8th. Piper Sandler reduced their target price on Bentley Systems from $65.00 to $57.00 and set an "overweight" rating on the stock in a report on Wednesday, January 8th. Finally, JPMorgan Chase & Co. initiated coverage on shares of Bentley Systems in a report on Monday, December 9th. They issued a "neutral" rating and a $52.00 price target on the stock. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, Bentley Systems currently has a consensus rating of "Moderate Buy" and a consensus target price of $57.29.

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.