Mirabella Financial Services LLP Decreases Stock Holdings in Bentley Systems, Incorporated $BSY

Mirabella Financial Services LLP reduced its stake in Bentley Systems, Incorporated (NASDAQ:BSY) by 72.0% during the second quarter, according to its most recent filing with the SEC. The fund owned 20,400 shares of the company’s stock after selling 52,500 shares during the quarter. Mirabella Financial Services LLP’s holdings in Bentley Systems were worth $1,101,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in BSY. First Trust Advisors LP raised its position in shares of Bentley Systems by 97.5% in the second quarter. First Trust Advisors LP now owns 160,644 shares of the company’s stock valued at $8,670,000 after purchasing an additional 79,286 shares during the period. Invesco Ltd. grew its stake in Bentley Systems by 2.6% in the 2nd quarter. Invesco Ltd. now owns 375,054 shares of the company’s stock valued at $20,242,000 after buying an additional 9,557 shares in the last quarter. Claret Asset Management Corp bought a new stake in Bentley Systems during the 2nd quarter valued at $238,000. Sepio Capital LP purchased a new stake in shares of Bentley Systems during the second quarter worth $359,000. Finally, Skandinaviska Enskilda Banken AB publ boosted its holdings in shares of Bentley Systems by 14.6% in the second quarter. Skandinaviska Enskilda Banken AB publ now owns 921,469 shares of the company’s stock worth $49,750,000 after acquiring an additional 117,408 shares during the period. Hedge funds and other institutional investors own 44.16% of the company’s stock.

Bentley Systems Price Performance

BSY opened at $42.47 on Friday. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.61 and a current ratio of 0.61. Bentley Systems, Incorporated has a 52-week low of $36.51 and a 52-week high of $59.25. The stock has a market capitalization of $12.40 billion, a PE ratio of 50.56, a price-to-earnings-growth ratio of 3.33 and a beta of 1.23. The stock’s 50 day moving average price is $47.83 and its 200-day moving average price is $51.30.

Bentley Systems (NASDAQ:BSY) last announced its quarterly earnings results on Wednesday, November 5th. The company reported $0.27 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.27. The company had revenue of $375.55 million for the quarter, compared to analysts’ expectations of $369.57 million. Bentley Systems had a net margin of 18.45% and a return on equity of 28.16%. Bentley Systems’s quarterly revenue was up 12.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.24 earnings per share. On average, equities research analysts predict that Bentley Systems, Incorporated will post 0.88 EPS for the current year.

Bentley Systems Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 11th. Stockholders of record on Thursday, December 4th will be issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Thursday, December 4th. Bentley Systems’s dividend payout ratio (DPR) is presently 33.33%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on BSY. Piper Sandler cut their price objective on shares of Bentley Systems from $63.00 to $60.00 and set an “overweight” rating for the company in a research report on Thursday, November 6th. Robert W. Baird reduced their price target on shares of Bentley Systems from $64.00 to $62.00 and set an “outperform” rating on the stock in a research report on Thursday, November 6th. Weiss Ratings reiterated a “hold (c)” rating on shares of Bentley Systems in a report on Wednesday, October 8th. JPMorgan Chase & Co. reduced their price target on Bentley Systems from $56.00 to $51.00 and set a “neutral” rating on the stock in a research report on Thursday, November 6th. Finally, The Goldman Sachs Group increased their price objective on Bentley Systems from $42.00 to $47.00 and gave the company a “sell” rating in a research note on Thursday, August 7th. Seven research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $56.73.

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.