Jump Financial LLC Takes $333,000 Position in Bentley Systems, Incorporated $BSY

Jump Financial LLC acquired a new stake in shares of Bentley Systems, Incorporated (NASDAQ:BSY) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 8,473 shares of the company’s stock, valued at approximately $333,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. AlphaQuest LLC lifted its holdings in shares of Bentley Systems by 10,774.2% during the 1st quarter. AlphaQuest LLC now owns 65,354 shares of the company’s stock valued at $2,571,000 after purchasing an additional 64,753 shares during the last quarter. Capital Fund Management S.A. purchased a new position in Bentley Systems in the 1st quarter worth $1,769,000. EntryPoint Capital LLC purchased a new position in Bentley Systems in the 1st quarter worth $210,000. Groupama Asset Managment raised its stake in Bentley Systems by 17.2% in the 1st quarter. Groupama Asset Managment now owns 21,171 shares of the company’s stock worth $840,000 after acquiring an additional 3,112 shares during the last quarter. Finally, Quantbot Technologies LP raised its stake in Bentley Systems by 166.2% in the 1st quarter. Quantbot Technologies LP now owns 220,429 shares of the company’s stock worth $8,672,000 after acquiring an additional 137,627 shares during the last quarter. Hedge funds and other institutional investors own 44.16% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Piper Sandler raised their target price on Bentley Systems from $57.00 to $63.00 and gave the stock an “overweight” rating in a research note on Thursday, August 7th. Robert W. Baird set a $64.00 target price on Bentley Systems and gave the stock an “outperform” rating in a research note on Wednesday, July 30th. Oppenheimer raised their target price on Bentley Systems from $59.00 to $65.00 and gave the stock an “outperform” rating in a research note on Thursday, August 7th. The Goldman Sachs Group lifted their price objective on Bentley Systems from $42.00 to $47.00 and gave the company a “sell” rating in a research note on Thursday, August 7th. Finally, KeyCorp lifted their price objective on Bentley Systems from $56.00 to $59.00 and gave the company an “overweight” rating in a research note on Monday, July 7th. Six research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $56.60.

Insider Activity

In other news, Director Keith A. Bentley sold 150,000 shares of the firm’s stock in a transaction dated Monday, July 7th. The stock was sold at an average price of $55.54, for a total transaction of $8,331,000.00. Following the sale, the director directly owned 3,859,327 shares in the company, valued at $214,347,021.58. This trade represents a 3.74% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider David R. Shaman sold 19,348 shares of the firm’s stock in a transaction dated Monday, July 14th. The shares were sold at an average price of $56.96, for a total value of $1,102,062.08. Following the sale, the insider owned 647,609 shares in the company, valued at $36,887,808.64. This trade represents a 2.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,189,869 shares of company stock worth $60,880,388 in the last ninety days. Company insiders own 20.56% of the company’s stock.

Bentley Systems Stock Performance

NASDAQ BSY opened at $54.30 on Wednesday. The stock has a 50-day simple moving average of $55.48 and a two-hundred day simple moving average of $48.53. The firm has a market capitalization of $15.86 billion, a P/E ratio of 68.74, a PEG ratio of 4.49 and a beta of 1.09. Bentley Systems, Incorporated has a fifty-two week low of $36.51 and a fifty-two week high of $59.25. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.51 and a current ratio of 0.51.

Bentley Systems (NASDAQ:BSY) last posted its earnings results on Wednesday, August 6th. The company reported $0.32 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.03. Bentley Systems had a return on equity of 28.41% and a net margin of 17.91%.The firm had revenue of $364.11 million for the quarter, compared to analysts’ expectations of $363.51 million. During the same period last year, the firm earned $0.31 EPS. The company’s quarterly revenue was up 10.2% on a year-over-year basis. On average, equities analysts forecast that Bentley Systems, Incorporated will post 0.88 earnings per share for the current year.

Bentley Systems 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.