Robeco Schweiz AG Sells 35,000 Shares of Bentley Systems, Incorporated (NASDAQ:BSY)

Robeco Schweiz AG cut its stake in shares of Bentley Systems, Incorporated (NASDAQ:BSY) by 8.9% in the second quarter, Holdings Channel reports. The fund owned 358,769 shares of the company’s stock after selling 35,000 shares during the period. Robeco Schweiz AG’s holdings in Bentley Systems were worth $17,709,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. NINE MASTS CAPITAL Ltd acquired a new stake in shares of Bentley Systems in the second quarter valued at $296,000. Johnson Investment Counsel Inc. increased its stake in shares of Bentley Systems by 19.6% in the second quarter. Johnson Investment Counsel Inc. now owns 58,706 shares of the company’s stock valued at $2,898,000 after buying an additional 9,639 shares in the last quarter. Forsta AP Fonden increased its stake in shares of Bentley Systems by 61.1% in the second quarter. Forsta AP Fonden now owns 102,300 shares of the company’s stock valued at $5,050,000 after buying an additional 38,800 shares in the last quarter. AdvisorShares Investments LLC acquired a new stake in shares of Bentley Systems in the second quarter valued at $462,000. Finally, Andra AP fonden acquired a new stake in shares of Bentley Systems in the second quarter valued at $54,000. 44.16% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Bentley Systems news, Director Raymond B. Bentley sold 91,045 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $49.43, for a total transaction of $4,500,354.35. Following the transaction, the director now owns 16,598,656 shares in the company, valued at $820,471,566.08. The sale was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 21.12% of the company’s stock.

Bentley Systems Price Performance

Shares of BSY opened at $48.87 on Friday. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 1.36. Bentley Systems, Incorporated has a 1 year low of $43.82 and a 1 year high of $57.19. The stock has a market cap of $14.10 billion, a P/E ratio of 45.67, a price-to-earnings-growth ratio of 4.03 and a beta of 1.03. The stock’s 50-day moving average price is $49.03 and its two-hundred day moving average price is $50.58.

Bentley Systems (NASDAQ:BSY) last issued its earnings results on Tuesday, August 6th. The company reported $0.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.08. Bentley Systems had a return on equity of 31.71% and a net margin of 29.17%. The firm had revenue of $330.34 million for the quarter, compared to analysts’ expectations of $325.20 million. During the same quarter last year, the business earned $0.20 earnings per share. The company’s revenue was up 11.3% compared to the same quarter last year. On average, equities analysts predict that Bentley Systems, Incorporated will post 0.9 earnings per share for the current year.

Bentley Systems Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 26th. Shareholders of record on Tuesday, September 17th will be issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.49%. The ex-dividend date is Tuesday, September 17th. Bentley Systems’s dividend payout ratio (DPR) is currently 22.43%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on BSY. Royal Bank of Canada restated an “outperform” rating and issued a $61.00 target price on shares of Bentley Systems in a research note on Wednesday, August 7th. Rosenblatt Securities restated a “buy” rating and issued a $62.00 target price on shares of Bentley Systems in a research note on Wednesday, August 7th. Piper Sandler reiterated an “overweight” rating and issued a $63.00 price objective on shares of Bentley Systems in a research report on Wednesday, August 7th. Finally, The Goldman Sachs Group lowered their price objective on Bentley Systems from $57.00 to $50.00 and set a “neutral” rating for the company in a research report on Wednesday, August 7th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $59.57.

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.