Axa S.A. Boosts Stake in Bentley Systems, Incorporated (NASDAQ:BSY)

AXA S.A. grew its holdings in shares of Bentley Systems, Incorporated (NASDAQ:BSY - Free Report) by 7.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,603,157 shares of the company's stock after acquiring an additional 112,824 shares during the period. AXA S.A. owned about 0.55% of Bentley Systems worth $74,867,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. lifted its holdings in shares of Bentley Systems by 1.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,052,704 shares of the company's stock worth $49,161,000 after acquiring an additional 15,372 shares during the last quarter. Proficio Capital Partners LLC purchased a new position in shares of Bentley Systems during the fourth quarter valued at approximately $809,000. Principal Financial Group Inc. grew its stake in shares of Bentley Systems by 20.5% during the third quarter. Principal Financial Group Inc. now owns 204,612 shares of the company's stock valued at $10,396,000 after buying an additional 34,871 shares during the last quarter. Bar Harbor Wealth Management bought a new stake in shares of Bentley Systems during the 4th quarter worth approximately $8,413,000. Finally, Bank of New York Mellon Corp boosted its holdings in Bentley Systems by 10.2% during the 4th quarter. Bank of New York Mellon Corp now owns 1,053,762 shares of the company's stock valued at $49,211,000 after acquiring an additional 97,950 shares during the period. Institutional investors own 44.16% of the company's stock.

Bentley Systems Stock Performance

BSY traded up $0.81 on Thursday, reaching $47.05. 676,657 shares of the stock were exchanged, compared to its average volume of 1,203,813. Bentley Systems, Incorporated has a fifty-two week low of $36.51 and a fifty-two week high of $57.19. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.52 and a quick ratio of 0.52. The firm has a market capitalization of $14.26 billion, a PE ratio of 42.39, a PEG ratio of 3.52 and a beta of 1.05. The company's 50-day moving average price is $42.03 and its 200 day moving average price is $45.63.

Bentley Systems (NASDAQ:BSY - Get Free Report) last posted its earnings results on Wednesday, May 7th. The company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.05. The firm had revenue of $370.54 million during the quarter, compared to analysts' expectations of $366.76 million. Bentley Systems had a net margin of 27.73% and a return on equity of 29.50%. The business's revenue was up 9.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.31 EPS. As a group, sell-side analysts forecast that Bentley Systems, Incorporated will post 0.88 EPS for the current fiscal year.

Bentley Systems Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Wednesday, March 19th were paid a dividend of $0.07 per share. This is a positive change from Bentley Systems's previous quarterly dividend of $0.06. This represents a $0.28 annualized dividend and a yield of 0.60%. The ex-dividend date was Wednesday, March 19th. Bentley Systems's payout ratio is 38.36%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. JPMorgan Chase & Co. lowered their target price on shares of Bentley Systems from $52.00 to $45.00 and set a "neutral" rating for the company in a research note on Wednesday, April 9th. KeyCorp raised their target price on shares of Bentley Systems from $54.00 to $56.00 and gave the stock an "overweight" rating in a research report on Thursday. Oppenheimer increased their price objective on Bentley Systems from $49.00 to $50.00 and gave the stock an "outperform" rating in a research note on Thursday. Rosenblatt Securities lowered their target price on Bentley Systems from $62.00 to $53.00 and set a "buy" rating for the company in a report on Monday. Finally, The Goldman Sachs Group downgraded Bentley Systems from a "neutral" rating to a "sell" rating and decreased their price objective for the company from $51.00 to $42.00 in a report on Friday, February 28th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $52.10.

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.