Xponance Inc. Lowers Stock Holdings in Bentley Systems, Incorporated (NASDAQ:BSY)

Xponance Inc. cut its holdings in Bentley Systems, Incorporated (NASDAQ:BSY) by 5.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 24,342 shares of the company’s stock after selling 1,286 shares during the quarter. Xponance Inc.’s holdings in Bentley Systems were worth $1,270,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Private Trust Co. NA raised its position in shares of Bentley Systems by 87.3% during the 4th quarter. Private Trust Co. NA now owns 545 shares of the company’s stock worth $28,000 after purchasing an additional 254 shares during the last quarter. Fifth Third Bancorp lifted its position in shares of Bentley Systems by 97.4% in the fourth quarter. Fifth Third Bancorp now owns 752 shares of the company’s stock valued at $39,000 after acquiring an additional 371 shares in the last quarter. Global Retirement Partners LLC boosted its stake in shares of Bentley Systems by 439.4% in the fourth quarter. Global Retirement Partners LLC now owns 1,505 shares of the company’s stock worth $73,000 after acquiring an additional 1,226 shares during the last quarter. PNC Financial Services Group Inc. increased its position in shares of Bentley Systems by 46.9% during the third quarter. PNC Financial Services Group Inc. now owns 2,257 shares of the company’s stock worth $113,000 after purchasing an additional 721 shares in the last quarter. Finally, CWM LLC raised its stake in Bentley Systems by 192.5% in the 3rd quarter. CWM LLC now owns 2,916 shares of the company’s stock valued at $146,000 after purchasing an additional 1,919 shares during the last quarter. 44.16% of the stock is owned by institutional investors and hedge funds.

Bentley Systems Price Performance

NASDAQ:BSY opened at $54.44 on Thursday. Bentley Systems, Incorporated has a 52 week low of $40.89 and a 52 week high of $55.37. The stock’s fifty day moving average is $50.74 and its two-hundred day moving average is $50.86. The company has a market capitalization of $15.56 billion, a P/E ratio of 54.99, a P/E/G ratio of 5.36 and a beta of 1.10. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 1.72.

Bentley Systems (NASDAQ:BSY) last posted its earnings results on Tuesday, February 27th. The company reported $0.18 EPS for the quarter, meeting analysts’ consensus estimates of $0.18. Bentley Systems had a net margin of 26.60% and a return on equity of 33.87%. The company had revenue of $310.64 million for the quarter, compared to analysts’ expectations of $313.67 million. During the same quarter in the prior year, the company posted $0.13 earnings per share. Bentley Systems’s revenue for the quarter was up 8.3% compared to the same quarter last year. Equities analysts expect that Bentley Systems, Incorporated will post 0.82 EPS for the current year.

Bentley Systems Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Wednesday, March 20th were issued a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.44%. The ex-dividend date of this dividend was Tuesday, March 19th. This is an increase from Bentley Systems’s previous quarterly dividend of $0.05. Bentley Systems’s dividend payout ratio (DPR) is 24.24%.

Analyst Ratings Changes

A number of research firms have recently issued reports on BSY. Royal Bank of Canada reaffirmed an “outperform” rating and set a $61.00 target price on shares of Bentley Systems in a report on Wednesday, February 28th. William Blair began coverage on shares of Bentley Systems in a research note on Thursday, March 28th. They set an “outperform” rating for the company. Piper Sandler reissued an “overweight” rating and issued a $60.00 target price on shares of Bentley Systems in a research note on Wednesday, February 28th. Robert W. Baird boosted their target price on Bentley Systems from $58.00 to $59.00 and gave the stock an “outperform” rating in a report on Tuesday, February 6th. Finally, Rosenblatt Securities raised Bentley Systems from a “neutral” rating to a “buy” rating and increased their price target for the company from $54.00 to $60.00 in a report on Monday, February 26th. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, Bentley Systems presently has a consensus rating of “Moderate Buy” and an average price target of $58.44.

Insider Buying and Selling at Bentley Systems

In other news, Director Keith A. Bentley sold 88,925 shares of Bentley Systems stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $49.48, for a total value of $4,400,009.00. Following the completion of the sale, the director now directly owns 17,164,179 shares of the company’s stock, valued at $849,283,576.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 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.