Jefferies Financial Group Inc. Has $2.35 Million Position in Bentley Systems, Incorporated (NASDAQ:BSY)

Jefferies Financial Group Inc. lowered its holdings in Bentley Systems, Incorporated (NASDAQ:BSY) by 97.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 50,242 shares of the company’s stock after selling 1,740,758 shares during the quarter. Jefferies Financial Group Inc.’s holdings in Bentley Systems were worth $2,346,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. grew its holdings in shares of Bentley Systems by 1.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,052,704 shares of the company’s stock valued at $49,161,000 after buying an additional 15,372 shares during the last quarter. Proficio Capital Partners LLC acquired a new position in Bentley Systems during the 4th quarter valued at about $809,000. Principal Financial Group Inc. boosted its stake in Bentley Systems by 20.5% during the 3rd quarter. Principal Financial Group Inc. now owns 204,612 shares of the company’s stock valued at $10,396,000 after purchasing an additional 34,871 shares during the last quarter. Bank of New York Mellon Corp boosted its position in shares of Bentley Systems by 10.2% during the fourth quarter. Bank of New York Mellon Corp now owns 1,053,762 shares of the company’s stock valued at $49,211,000 after buying an additional 97,950 shares during the last quarter. Finally, Fiera Capital Corp boosted its position in shares of Bentley Systems by 13.2% during the fourth quarter. Fiera Capital Corp now owns 953,246 shares of the company’s stock valued at $44,517,000 after buying an additional 111,433 shares during the last quarter. 44.16% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently issued reports on BSY. Rosenblatt Securities cut their target price on Bentley Systems from $62.00 to $53.00 and set a “buy” rating on the stock in a research report on Monday, May 5th. Royal Bank of Canada lifted their price objective on shares of Bentley Systems from $53.00 to $55.00 and gave the stock an “outperform” rating in a report on Thursday, May 8th. JPMorgan Chase & Co. cut their price target on shares of Bentley Systems from $52.00 to $45.00 and set a “neutral” rating on the stock in a report on Wednesday, April 9th. Robert W. Baird cut their price target on shares of Bentley Systems from $60.00 to $59.00 and set an “outperform” rating on the stock in a report on Thursday, February 27th. Finally, The Goldman Sachs Group cut shares of Bentley Systems from a “neutral” rating to a “sell” rating and cut their price target for the stock from $51.00 to $42.00 in a report on Friday, February 28th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $52.00.

Insider Activity at Bentley Systems

In other Bentley Systems news, CRO Brock Ballard sold 12,363 shares of the stock in a transaction on Wednesday, May 7th. The stock was sold at an average price of $45.08, for a total transaction of $557,324.04. Following the sale, the executive now owns 68,064 shares in the company, valued at $3,068,325.12. This represents a 15.37% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 20.56% of the stock is currently owned by corporate insiders.

Bentley Systems Stock Up 0.9%

BSY opened at $48.14 on Wednesday. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 1.37. The stock has a market cap of $14.59 billion, a price-to-earnings ratio of 43.37, a PEG ratio of 3.52 and a beta of 1.05. Bentley Systems, Incorporated has a twelve month low of $36.51 and a twelve month high of $57.19. The company’s 50-day moving average price is $42.39 and its two-hundred day moving average price is $45.55.

Bentley Systems (NASDAQ:BSY) last issued its quarterly earnings results on Wednesday, May 7th. The company reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.05. The firm had revenue of $370.54 million for the quarter, compared to analysts’ expectations of $366.76 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 9.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.31 EPS. As a group, equities analysts expect that Bentley Systems, Incorporated will post 0.88 earnings per share for the current year.

Bentley Systems Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Wednesday, March 19th were issued a dividend of $0.07 per share. The ex-dividend date of this dividend was Wednesday, March 19th. This is an increase from Bentley Systems’s previous quarterly dividend of $0.06. This represents a $0.28 annualized dividend and a yield of 0.58%. Bentley Systems’s dividend payout ratio is 35.44%.

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.