Bentley Systems, Incorporated (NASDAQ:BSY) Shares Purchased by Mirabella Financial Services LLP

Mirabella Financial Services LLP boosted its stake in shares of Bentley Systems, Incorporated (NASDAQ:BSY - Free Report) by 1,155.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 100,800 shares of the company's stock after purchasing an additional 92,768 shares during the quarter. Mirabella Financial Services LLP's holdings in Bentley Systems were worth $5,018,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. Swedbank AB boosted its holdings in Bentley Systems by 514.5% in the 2nd quarter. Swedbank AB now owns 4,134,295 shares of the company's stock worth $204,069,000 after buying an additional 3,461,500 shares during the last quarter. Impax Asset Management Group plc acquired a new stake in shares of Bentley Systems in the third quarter valued at approximately $88,771,000. Fiera Capital Corp acquired a new position in Bentley Systems in the 3rd quarter valued at $42,773,000. Kayne Anderson Rudnick Investment Management LLC boosted its holdings in Bentley Systems by 3.9% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 15,778,600 shares of the company's stock worth $778,832,000 after buying an additional 586,458 shares in the last quarter. Finally, Creative Planning increased its holdings in Bentley Systems by 67.9% during the 2nd quarter. Creative Planning now owns 1,091,058 shares of the company's stock valued at $53,855,000 after acquiring an additional 441,316 shares in the last quarter. Hedge funds and other institutional investors own 44.16% of the company's stock.

Insider Transactions at Bentley Systems

In other news, Director Raymond B. Bentley sold 91,045 shares of Bentley Systems stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $49.43, for a total transaction of $4,500,354.35. Following the transaction, the director now directly 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Barry J. Bentley sold 50,000 shares of the company's stock in a transaction on Monday, October 28th. The stock was sold at an average price of $48.95, for a total transaction of $2,447,500.00. Following the transaction, the director now owns 12,048,235 shares of the company's stock, valued at approximately $589,761,103.25. This represents a 0.41 % decrease in their position. 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. Company insiders own 21.12% of the company's stock.

Analysts Set New Price Targets

BSY has been the subject of a number of research reports. Royal Bank of Canada reiterated an "outperform" rating and set a $61.00 target price on shares of Bentley Systems in a report on Wednesday, August 7th. The Goldman Sachs Group lowered their price target on Bentley Systems from $57.00 to $50.00 and set a "neutral" rating on the stock in a report on Wednesday, August 7th. Rosenblatt Securities restated a "buy" rating and set a $62.00 price target on shares of Bentley Systems in a report on Friday, November 8th. Finally, Piper Sandler upped their price target on shares of Bentley Systems from $63.00 to $65.00 and gave the stock an "overweight" rating in a research note on Friday, November 8th. One equities 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 stock has an average rating of "Moderate Buy" and a consensus target price of $59.50.

Bentley Systems Stock Up 2.3 %

Shares of BSY traded up $1.11 during trading hours on Monday, hitting $49.62. The stock had a trading volume of 1,650,550 shares, compared to its average volume of 1,211,875. The firm has a 50 day simple moving average of $49.30 and a 200-day simple moving average of $49.96. Bentley Systems, Incorporated has a 1-year low of $43.82 and a 1-year high of $57.19. 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 capitalization of $14.43 billion, a P/E ratio of 43.70, a price-to-earnings-growth ratio of 4.14 and a beta of 1.04.

Bentley Systems (NASDAQ:BSY - Get Free Report) last announced its quarterly earnings data on Thursday, November 7th. The company reported $0.24 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.24. The firm had revenue of $335.17 million during the quarter, compared to the consensus estimate of $340.36 million. Bentley Systems had a return on equity of 29.50% and a net margin of 27.73%. The business's revenue for the quarter was up 9.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.18 EPS. Sell-side analysts predict that Bentley Systems, Incorporated will post 0.88 EPS for the current fiscal year.

Bentley Systems Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Tuesday, December 3rd will be issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.48%. The ex-dividend date is Tuesday, December 3rd. 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.