Impact Capital Partners LLC Sells 389 Shares of Bentley Systems, Incorporated $BSY

Impact Capital Partners LLC lowered its stake in shares of Bentley Systems, Incorporated (NASDAQ:BSY) by 2.3% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 16,499 shares of the company’s stock after selling 389 shares during the quarter. Impact Capital Partners LLC’s holdings in Bentley Systems were worth $890,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. Axxcess Wealth Management LLC raised its holdings in shares of Bentley Systems by 3.7% in the first quarter. Axxcess Wealth Management LLC now owns 8,471 shares of the company’s stock worth $333,000 after buying an additional 301 shares during the period. Prentiss Smith & Co. Inc. raised its holdings in shares of Bentley Systems by 0.5% in the first quarter. Prentiss Smith & Co. Inc. now owns 64,171 shares of the company’s stock worth $2,524,000 after buying an additional 315 shares during the period. Venturi Wealth Management LLC raised its holdings in shares of Bentley Systems by 3.5% in the first quarter. Venturi Wealth Management LLC now owns 9,438 shares of the company’s stock worth $371,000 after buying an additional 315 shares during the period. Thrive Wealth Management LLC raised its holdings in shares of Bentley Systems by 4.1% in the second quarter. Thrive Wealth Management LLC now owns 8,101 shares of the company’s stock worth $437,000 after buying an additional 316 shares during the period. Finally, Wealth Alliance LLC raised its holdings in shares of Bentley Systems by 5.0% in the first quarter. Wealth Alliance LLC now owns 7,951 shares of the company’s stock worth $313,000 after buying an additional 380 shares during the period. Institutional investors own 44.16% of the company’s stock.

Insider Transactions at Bentley Systems

In other Bentley Systems news, Director Keith A. Bentley sold 150,000 shares of Bentley Systems 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 completion of the sale, the director owned 3,859,327 shares of the company’s stock, valued at approximately $214,347,021.58. The trade was a 3.74% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider David R. Shaman sold 19,348 shares of Bentley Systems stock in a transaction dated Monday, July 14th. The stock was sold at an average price of $56.96, for a total value of $1,102,062.08. Following the sale, the insider directly 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 disclosure for this sale can be found here. In the last ninety days, insiders have sold 189,869 shares of company stock valued at $10,564,887. 20.56% of the stock is currently owned by insiders.

Bentley Systems Stock Down 0.9%

Shares of BSY stock opened at $51.51 on Wednesday. Bentley Systems, Incorporated has a 1-year low of $36.51 and a 1-year high of $59.25. The stock’s fifty day moving average price is $54.30 and its 200 day moving average price is $49.78. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.51 and a quick ratio of 0.51. The company has a market cap of $15.05 billion, a price-to-earnings ratio of 65.20, a price-to-earnings-growth ratio of 4.19 and a beta of 1.09.

Bentley Systems (NASDAQ:BSY) last announced its earnings results on Wednesday, August 6th. The company reported $0.32 earnings per share for the quarter, topping the consensus estimate 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 the consensus estimate of $363.51 million. During the same period in the previous year, the business earned $0.31 EPS. The firm’s revenue for the quarter was up 10.2% on a year-over-year basis. On average, research analysts expect that Bentley Systems, Incorporated will post 0.88 earnings per share for the current fiscal year.

Bentley Systems Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders 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 yield of 0.5%. Bentley Systems’s payout ratio is currently 35.44%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. The Goldman Sachs Group increased their price target on Bentley Systems from $42.00 to $47.00 and gave the stock a “sell” rating in a report on Thursday, August 7th. Wall Street Zen downgraded Bentley Systems from a “buy” rating to a “hold” rating in a report on Wednesday, July 16th. Piper Sandler raised their price objective on Bentley Systems from $57.00 to $63.00 and gave the stock an “overweight” rating in a report on Thursday, August 7th. Oppenheimer raised their price objective on Bentley Systems from $59.00 to $65.00 and gave the stock an “outperform” rating in a report on Thursday, August 7th. Finally, UBS Group raised their price objective on Bentley Systems from $53.00 to $60.00 and gave the stock a “neutral” rating in a report on Thursday, August 7th. Six equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $56.60.

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.