MML Investors Services LLC Raises Holdings in Bentley Systems, Incorporated (NASDAQ:BSY)

MML Investors Services LLC boosted its holdings in shares of Bentley Systems, Incorporated (NASDAQ:BSYFree Report) by 2.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 26,991 shares of the company’s stock after buying an additional 741 shares during the quarter. MML Investors Services LLC’s holdings in Bentley Systems were worth $1,371,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. SG Americas Securities LLC purchased a new position in Bentley Systems in the second quarter worth $135,000. Wealth Enhancement Advisory Services LLC purchased a new position in Bentley Systems in the second quarter worth $291,000. Blue Trust Inc. grew its holdings in Bentley Systems by 68,500.0% in the second quarter. Blue Trust Inc. now owns 686 shares of the company’s stock worth $36,000 after purchasing an additional 685 shares during the last quarter. First Horizon Advisors Inc. grew its holdings in Bentley Systems by 60.4% in the second quarter. First Horizon Advisors Inc. now owns 1,736 shares of the company’s stock worth $86,000 after purchasing an additional 654 shares during the last quarter. Finally, LRI Investments LLC grew its holdings in Bentley Systems by 6.1% in the second quarter. LRI Investments LLC now owns 5,534 shares of the company’s stock worth $273,000 after purchasing an additional 319 shares during the last quarter. 44.16% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have issued reports on BSY shares. Piper Sandler lifted their price target on shares of Bentley Systems from $63.00 to $65.00 and gave the stock an “overweight” rating in a report on Friday, November 8th. JPMorgan Chase & Co. initiated coverage on shares of Bentley Systems in a report on Monday, December 9th. They issued a “neutral” rating and a $52.00 price target on the stock. Finally, Rosenblatt Securities reissued a “buy” rating and set a $62.00 price objective on shares of Bentley Systems in a report on Friday, November 8th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, Bentley Systems currently has a consensus rating of “Moderate Buy” and an average target price of $58.43.

View Our Latest Analysis on BSY

Insider Buying and Selling at Bentley Systems

In other Bentley Systems news, Director Barry J. Bentley sold 34,987 shares of the company’s stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $48.37, for a total value of $1,692,321.19. Following the completion of the transaction, the director now owns 12,213,248 shares in the company, valued at approximately $590,754,805.76. This represents a 0.29 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Over the last three months, insiders have sold 234,987 shares of company stock valued at $11,667,821. 21.12% of the stock is owned by insiders.

Bentley Systems Price Performance

Shares of BSY opened at $47.18 on Thursday. The firm has a market capitalization of $13.72 billion, a PE ratio of 42.50, a price-to-earnings-growth ratio of 4.04 and a beta of 1.03. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.52 and a quick ratio of 0.52. Bentley Systems, Incorporated has a 1-year low of $43.82 and a 1-year high of $57.19. The company’s fifty day moving average price is $48.94 and its 200-day moving average price is $49.31.

Bentley Systems (NASDAQ:BSYGet Free Report) last posted its quarterly earnings results on Thursday, November 7th. The company reported $0.24 EPS for the quarter, meeting the consensus estimate of $0.24. Bentley Systems had a net margin of 27.73% and a return on equity of 29.50%. The company had revenue of $335.17 million for the quarter, compared to analyst estimates of $340.36 million. During the same period in the prior year, the company earned $0.18 earnings per share. The firm’s revenue was up 9.3% on a year-over-year basis. On average, equities research analysts predict that Bentley Systems, Incorporated will post 0.88 EPS for the current year.

Bentley Systems Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Tuesday, December 3rd were issued a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.51%. The ex-dividend date of this dividend was Tuesday, December 3rd. Bentley Systems’s payout ratio is 21.62%.

Bentley Systems Company Profile

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding BSY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Bentley Systems, Incorporated (NASDAQ:BSYFree Report).

Institutional Ownership by Quarter for Bentley Systems (NASDAQ:BSY)

Receive News & Ratings for Bentley Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bentley Systems and related companies with MarketBeat.com's FREE daily email newsletter.