Trium Capital LLP Purchases Shares of 7,148 Bentley Systems, Incorporated (NASDAQ:BSY)

Trium Capital LLP acquired a new stake in Bentley Systems, Incorporated (NASDAQ:BSY - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 7,148 shares of the company's stock, valued at approximately $334,000. Bentley Systems makes up 0.0% of Trium Capital LLP's portfolio, making the stock its 28th biggest holding.

A number of other institutional investors and hedge funds also recently made changes to their positions in BSY. International Assets Investment Management LLC bought a new position in shares of Bentley Systems in the third quarter valued at $59,400,000. Principal Financial Group Inc. lifted its position in Bentley Systems by 20.5% in the 3rd quarter. Principal Financial Group Inc. now owns 204,612 shares of the company's stock valued at $10,396,000 after acquiring an additional 34,871 shares in the last quarter. Bar Harbor Wealth Management bought a new position in Bentley Systems in the 4th quarter valued at about $8,413,000. Needham Investment Management LLC acquired a new position in Bentley Systems during the 3rd quarter valued at about $2,134,000. Finally, Mirabella Financial Services LLP increased its holdings in Bentley Systems by 1,155.0% during the 3rd quarter. Mirabella Financial Services LLP now owns 100,800 shares of the company's stock worth $5,018,000 after purchasing an additional 92,768 shares in the last quarter. Institutional investors own 44.16% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Rosenblatt Securities restated a "buy" rating and set a $62.00 price objective on shares of Bentley Systems in a report on Friday, November 8th. JPMorgan Chase & Co. began 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. Finally, Piper Sandler reduced their price objective on Bentley Systems from $65.00 to $57.00 and set an "overweight" rating for the company in a report on Wednesday, January 8th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $57.29.

Bentley Systems Trading Down 1.2 %

NASDAQ:BSY traded down $0.54 during mid-day trading on Friday, reaching $45.44. 3,051,065 shares of the company's stock traded hands, compared to its average volume of 794,067. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.52 and a quick ratio of 0.52. Bentley Systems, Incorporated has a 12-month low of $43.82 and a 12-month high of $57.19. The firm has a market capitalization of $13.21 billion, a price-to-earnings ratio of 40.94, a PEG ratio of 3.43 and a beta of 1.04. The company has a 50 day moving average price of $47.77 and a 200-day moving average price of $48.78.

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

Bentley Systems Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Tuesday, December 3rd were paid a dividend of $0.06 per share. The ex-dividend date was Tuesday, December 3rd. This represents a $0.24 dividend on an annualized basis and a yield of 0.53%. Bentley Systems's dividend payout ratio is currently 21.62%.

Insider Activity at Bentley Systems

In related news, Director Keith A. Bentley sold 69,573 shares of the firm's stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $46.67, for a total value of $3,246,971.91. Following the transaction, the director now owns 16,705,028 shares of the company's stock, valued at approximately $779,623,656.76. This trade represents a 0.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Barry J. Bentley sold 50,000 shares of the business's stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $48.95, for a total transaction of $2,447,500.00. Following the sale, the director now owns 12,048,235 shares of the company's stock, valued at $589,761,103.25. This trade represents a 0.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 169,573 shares of company stock valued at $8,166,472. 21.12% of the stock is owned by corporate insiders.

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.