Venturi Wealth Management LLC Sells 4,957 Shares of Bentley Systems, Incorporated $BSY

Venturi Wealth Management LLC trimmed its holdings in Bentley Systems, Incorporated (NASDAQ:BSY) by 52.5% in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 4,481 shares of the company’s stock after selling 4,957 shares during the quarter. Venturi Wealth Management LLC’s holdings in Bentley Systems were worth $242,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in Bentley Systems by 5.3% in the 1st quarter. Vanguard Group Inc. now owns 17,999,856 shares of the company’s stock worth $708,114,000 after buying an additional 898,115 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC grew its stake in shares of Bentley Systems by 1.0% during the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 16,167,441 shares of the company’s stock valued at $636,027,000 after purchasing an additional 160,496 shares during the period. Swedbank AB grew its stake in shares of Bentley Systems by 1.6% during the 1st quarter. Swedbank AB now owns 7,119,208 shares of the company’s stock valued at $280,070,000 after purchasing an additional 111,884 shares during the period. Bessemer Group Inc. grew its stake in shares of Bentley Systems by 8,187,760.9% during the 1st quarter. Bessemer Group Inc. now owns 1,883,208 shares of the company’s stock valued at $74,086,000 after purchasing an additional 1,883,185 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Bentley Systems by 2.8% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 895,213 shares of the company’s stock valued at $35,218,000 after purchasing an additional 24,258 shares during the period. 44.16% of the stock is currently owned by institutional investors.

Bentley Systems Stock Performance

NASDAQ BSY opened at $49.33 on Friday. The company has a market cap of $14.41 billion, a P/E ratio of 62.44, a P/E/G ratio of 4.09 and a beta of 1.07. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.51 and a current ratio of 0.51. The business’s 50 day moving average price is $53.45 and its 200-day moving average price is $50.32. Bentley Systems, Incorporated has a fifty-two week low of $36.51 and a fifty-two week high of $59.25.

Bentley Systems (NASDAQ:BSY) last released its earnings results on Wednesday, August 6th. The company reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.03. The firm had revenue of $364.11 million for the quarter, compared to the consensus estimate of $363.51 million. Bentley Systems had a return on equity of 28.41% and a net margin of 17.91%.The company’s revenue for the quarter was up 10.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.31 EPS. 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 declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 23rd were given a dividend of $0.07 per share. The ex-dividend date of this dividend was Tuesday, September 23rd. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.6%. Bentley Systems’s dividend payout ratio is presently 35.44%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on BSY. KeyCorp boosted their price target on Bentley Systems from $56.00 to $59.00 and gave the company an “overweight” rating in a research note on Monday, July 7th. Rosenblatt Securities cut Bentley Systems from a “buy” rating to a “neutral” rating and lifted their price objective for the company from $53.00 to $58.00 in a research report 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 report on Thursday, August 7th. Oppenheimer lifted their price objective on Bentley Systems from $59.00 to $65.00 and gave the company an “outperform” rating in a research report on Thursday, August 7th. Finally, UBS Group lifted their price objective on Bentley Systems from $53.00 to $60.00 and gave the company a “neutral” rating in a research report on Thursday, August 7th. Six investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $56.64.

Insider Activity

In other news, insider David R. Shaman sold 19,348 shares of the stock in a transaction on Monday, July 14th. The stock was sold at an average price of $56.96, for a total transaction of $1,102,062.08. Following the transaction, the insider owned 647,609 shares of the company’s stock, valued at approximately $36,887,808.64. This represents a 2.90% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 20.56% of the company’s stock.

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.