Y Intercept Hong Kong Ltd Has $404,000 Position in Bentley Systems, Incorporated (NASDAQ:BSY)

Y Intercept Hong Kong Ltd cut its holdings in Bentley Systems, Incorporated (NASDAQ:BSY) by 83.0% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,956 shares of the company’s stock after selling 38,877 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Bentley Systems were worth $404,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in BSY. Clear Harbor Asset Management LLC raised its stake in shares of Bentley Systems by 1.5% in the 3rd quarter. Clear Harbor Asset Management LLC now owns 15,335 shares of the company’s stock valued at $779,000 after acquiring an additional 220 shares in the last quarter. Advisor OS LLC raised its position in shares of Bentley Systems by 0.7% in the second quarter. Advisor OS LLC now owns 30,983 shares of the company’s stock valued at $1,529,000 after purchasing an additional 226 shares during the period. Magnolia Capital Advisors LLC lifted its stake in shares of Bentley Systems by 5.4% in the second quarter. Magnolia Capital Advisors LLC now owns 4,895 shares of the company’s stock worth $242,000 after buying an additional 249 shares during the last quarter. WR Wealth Planners LLC lifted its stake in shares of Bentley Systems by 4.5% in the second quarter. WR Wealth Planners LLC now owns 6,435 shares of the company’s stock worth $318,000 after buying an additional 275 shares during the last quarter. Finally, Central Pacific Bank Trust Division boosted its holdings in shares of Bentley Systems by 57.1% during the 3rd quarter. Central Pacific Bank Trust Division now owns 759 shares of the company’s stock worth $39,000 after buying an additional 276 shares during the period. 44.16% of the stock is owned by institutional investors.

Insider Buying and Selling at Bentley Systems

In other news, Director Barry J. Bentley sold 50,000 shares of the stock in a transaction on Monday, October 28th. The stock was sold at an average price of $48.95, for a total transaction of $2,447,500.00. Following the sale, the director now owns 12,048,235 shares in the company, valued at approximately $589,761,103.25. This represents a 0.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold a total of 234,987 shares of company stock worth $11,667,821 over the last ninety days. Corporate insiders own 21.12% of the company’s stock.

Bentley Systems Price Performance

NASDAQ:BSY opened at $48.03 on Tuesday. 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 company has a 50-day moving average of $48.98 and a 200-day moving average of $49.34. Bentley Systems, Incorporated has a 52 week low of $43.82 and a 52 week high of $57.19. The company has a market capitalization of $13.96 billion, a price-to-earnings ratio of 43.27, a PEG ratio of 4.04 and a beta of 1.03.

Bentley Systems (NASDAQ:BSY) last posted its earnings results on Thursday, November 7th. The company reported $0.24 EPS for the quarter, hitting the consensus estimate 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 the consensus estimate of $340.36 million. During the same quarter last year, the company earned $0.18 EPS. Bentley Systems’s revenue was up 9.3% on a year-over-year basis. As a group, equities research analysts anticipate that Bentley Systems, Incorporated will post 0.88 earnings per share for the current fiscal year.

Bentley Systems Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Tuesday, December 3rd were issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.50%. The ex-dividend date was Tuesday, December 3rd. Bentley Systems’s dividend payout ratio is currently 21.62%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Rosenblatt Securities reissued a “buy” rating and set a $62.00 target price on shares of Bentley Systems in a research report on Friday, November 8th. JPMorgan Chase & Co. started coverage on Bentley Systems in a research report on Monday, December 9th. They set a “neutral” rating and a $52.00 price objective for the company. Finally, Piper Sandler raised their target price on Bentley Systems from $63.00 to $65.00 and gave the company an “overweight” rating in a report on Friday, November 8th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $58.43.

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.