Bentley Systems, Incorporated (NASDAQ:BSY) Shares Bought by Mirabella Financial Services LLP

Mirabella Financial Services LLP lifted its holdings in shares of Bentley Systems, Incorporated (NASDAQ:BSY) by 1,155.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 100,800 shares of the company’s stock after buying an additional 92,768 shares during the period. Mirabella Financial Services LLP’s holdings in Bentley Systems were worth $5,018,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Raymond James Trust N.A. raised its stake in Bentley Systems by 25.7% during the 3rd quarter. Raymond James Trust N.A. now owns 5,757 shares of the company’s stock valued at $293,000 after acquiring an additional 1,177 shares in the last quarter. Banco Santander S.A. bought a new stake in shares of Bentley Systems during the third quarter valued at about $663,000. Commerce Bank lifted its holdings in Bentley Systems by 3.4% in the third quarter. Commerce Bank now owns 145,944 shares of the company’s stock worth $7,415,000 after purchasing an additional 4,838 shares during the period. B. Metzler seel. Sohn & Co. Holding AG bought a new position in Bentley Systems in the 3rd quarter valued at about $287,000. Finally, Quest Partners LLC acquired a new position in Bentley Systems during the 3rd quarter valued at about $221,000. 44.16% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, Director Raymond B. Bentley sold 91,045 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $49.43, for a total value of $4,500,354.35. Following the completion of the sale, the director now directly owns 16,598,656 shares of the company’s stock, valued at $820,471,566.08. This represents a 0.55 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Barry J. Bentley sold 50,000 shares of the business’s stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $50.20, for a total transaction of $2,510,000.00. Following the transaction, the director now directly owns 12,298,230 shares in the company, valued at $617,371,146. The trade was a 0.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 326,032 shares of company stock valued at $16,168,176. Company insiders own 21.12% of the company’s stock.

Bentley Systems Price Performance

Shares of NASDAQ:BSY opened at $48.51 on Monday. The company has a market capitalization of $14.10 billion, a PE ratio of 43.70, a price-to-earnings-growth ratio of 4.14 and a beta of 1.04. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.52 and a current ratio of 0.52. The stock has a fifty day moving average of $49.30 and a 200-day moving average of $49.96. Bentley Systems, Incorporated has a one year low of $43.82 and a one year high of $57.19.

Bentley Systems (NASDAQ:BSY) last released its quarterly earnings results on Thursday, November 7th. The company reported $0.24 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.24. Bentley Systems had a return on equity of 29.50% and a net margin of 27.73%. The business had revenue of $335.17 million during the quarter, compared to analyst estimates of $340.36 million. During the same quarter last year, the company posted $0.18 EPS. Bentley Systems’s revenue for the quarter was up 9.3% on a year-over-year basis. As a group, equities analysts anticipate that Bentley Systems, Incorporated will post 0.88 EPS for the current fiscal year.

Bentley Systems Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 26th. Investors of record on Tuesday, September 17th were given a $0.06 dividend. The ex-dividend date of this dividend was Tuesday, September 17th. This represents a $0.24 annualized dividend and a dividend yield of 0.49%. Bentley Systems’s dividend payout ratio (DPR) is presently 21.62%.

Wall Street Analyst Weigh In

BSY has been the subject of a number of research analyst reports. The Goldman Sachs Group reduced their price target on shares of Bentley Systems from $57.00 to $50.00 and set a “neutral” rating for the company in a research note on Wednesday, August 7th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $61.00 price target on shares of Bentley Systems in a research note on Wednesday, August 7th. Piper Sandler boosted their price objective on Bentley Systems from $63.00 to $65.00 and gave the stock an “overweight” rating in a research note on Friday, November 8th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $62.00 target price on shares of Bentley Systems in a research note on Friday, November 8th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, Bentley Systems presently has an average rating of “Moderate Buy” and a consensus price target of $59.50.

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.