Point72 Asia Singapore Pte. Ltd. Sells 1,623 Shares of Bentley Systems, Incorporated (NASDAQ:BSY)

Point72 Asia Singapore Pte. Ltd. reduced its stake in Bentley Systems, Incorporated (NASDAQ:BSY) by 22.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,649 shares of the company’s stock after selling 1,623 shares during the quarter. Point72 Asia Singapore Pte. Ltd.’s holdings in Bentley Systems were worth $264,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in BSY. Private Trust Co. NA grew its position in shares of Bentley Systems by 61.1% during the 4th quarter. Private Trust Co. NA now owns 997 shares of the company’s stock worth $47,000 after purchasing an additional 378 shares in the last quarter. Tobam acquired a new stake in Bentley Systems in the fourth quarter worth $55,000. Atala Financial Inc acquired a new position in shares of Bentley Systems during the fourth quarter valued at about $55,000. Tortoise Investment Management LLC grew its holdings in shares of Bentley Systems by 76.9% during the fourth quarter. Tortoise Investment Management LLC now owns 1,675 shares of the company’s stock valued at $78,000 after buying an additional 728 shares during the last quarter. Finally, CIBC Private Wealth Group LLC grew its holdings in shares of Bentley Systems by 42.0% during the fourth quarter. CIBC Private Wealth Group LLC now owns 1,673 shares of the company’s stock valued at $78,000 after buying an additional 495 shares during the last quarter. 44.16% of the stock is owned by institutional investors.

Bentley Systems Stock Performance

BSY stock opened at $48.23 on Friday. The company has a market capitalization of $14.08 billion, a P/E ratio of 43.45, a PEG ratio of 3.52 and a beta of 1.05. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.52 and a quick ratio of 0.52. The business has a 50-day moving average price of $42.63 and a 200 day moving average price of $45.56. Bentley Systems, Incorporated has a 1-year low of $36.51 and a 1-year high of $57.19.

Bentley Systems (NASDAQ:BSY) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.05. The firm had revenue of $370.54 million for the quarter, compared to the consensus estimate of $366.76 million. Bentley Systems had a net margin of 27.73% and a return on equity of 29.50%. The company’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 company posted $0.31 earnings per share. As a group, equities research analysts forecast that Bentley Systems, Incorporated will post 0.88 EPS for the current fiscal year.

Bentley Systems Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Wednesday, March 19th were issued a $0.07 dividend. The ex-dividend date was Wednesday, March 19th. This represents a $0.28 dividend on an annualized basis and a yield of 0.58%. This is a positive change from Bentley Systems’s previous quarterly dividend of $0.06. Bentley Systems’s dividend payout ratio (DPR) is presently 35.44%.

Insider Transactions at Bentley Systems

In other Bentley Systems news, CRO Brock Ballard sold 12,363 shares of Bentley Systems stock in a transaction dated Wednesday, May 7th. The stock was sold at an average price of $45.08, for a total value of $557,324.04. Following the completion of the transaction, the executive now directly owns 68,064 shares of the company’s stock, valued at $3,068,325.12. The trade was a 15.37% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 20.56% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. KeyCorp raised their price target on shares of Bentley Systems from $54.00 to $56.00 and gave the company an “overweight” rating in a research report on Thursday, May 8th. Oppenheimer boosted their price target on shares of Bentley Systems from $49.00 to $50.00 and gave the stock an “outperform” rating in a research note on Thursday, May 8th. The Goldman Sachs Group cut shares of Bentley Systems from a “neutral” rating to a “sell” rating and cut their price objective for the company from $51.00 to $42.00 in a research note on Friday, February 28th. Rosenblatt Securities cut their price objective on shares of Bentley Systems from $62.00 to $53.00 and set a “buy” rating for the company in a research note on Monday, May 5th. Finally, UBS Group upped their price target on shares of Bentley Systems from $48.00 to $53.00 and gave the company a “neutral” rating in a report on Thursday, May 8th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $52.00.

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.