Baldwin Investment Management LLC Has $782,000 Holdings in Bentley Systems, Incorporated (NASDAQ:BSY)

Baldwin Investment Management LLC lessened its position in shares of Bentley Systems, Incorporated (NASDAQ:BSY - Free Report) by 47.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,743 shares of the company's stock after selling 15,192 shares during the period. Baldwin Investment Management LLC's holdings in Bentley Systems were worth $782,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Tidal Investments LLC raised its position in Bentley Systems by 21.8% in the 3rd quarter. Tidal Investments LLC now owns 7,169 shares of the company's stock valued at $364,000 after buying an additional 1,284 shares during the last quarter. Principal Financial Group Inc. raised its holdings in shares of Bentley Systems by 20.5% in the third quarter. Principal Financial Group Inc. now owns 204,612 shares of the company's stock valued at $10,396,000 after purchasing an additional 34,871 shares during the last quarter. Bar Harbor Wealth Management bought a new stake in shares of Bentley Systems in the fourth quarter worth $8,413,000. Park Avenue Securities LLC boosted its holdings in Bentley Systems by 5.4% during the fourth quarter. Park Avenue Securities LLC now owns 9,138 shares of the company's stock worth $427,000 after purchasing an additional 467 shares during the last quarter. Finally, Covea Finance grew its position in Bentley Systems by 10.8% in the fourth quarter. Covea Finance now owns 27,700 shares of the company's stock valued at $1,294,000 after purchasing an additional 2,700 shares in the last quarter. Institutional investors and hedge funds own 44.16% of the company's stock.

Bentley Systems Price Performance

Bentley Systems stock traded down $0.50 during midday trading on Friday, reaching $46.56. The company's stock had a trading volume of 485,780 shares, compared to its average volume of 1,206,066. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 1.37. The stock has a market cap of $14.11 billion, a PE ratio of 41.95, a price-to-earnings-growth ratio of 3.52 and a beta of 1.05. Bentley Systems, Incorporated has a 52 week low of $36.51 and a 52 week high of $57.19. The business has a 50-day moving average price of $42.12 and a 200-day moving average price of $45.61.

Bentley Systems (NASDAQ:BSY - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.05. The company had revenue of $370.54 million for the quarter, compared to the consensus estimate of $366.76 million. Bentley Systems had a return on equity of 29.50% and a net margin of 27.73%. Bentley Systems's revenue for the quarter was up 9.7% on a year-over-year basis. During the same quarter last year, the business posted $0.31 EPS. On average, sell-side analysts predict that Bentley Systems, Incorporated will post 0.88 EPS for the current year.

Bentley Systems Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Wednesday, March 19th were issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 0.60%. This is a positive change from Bentley Systems's previous quarterly dividend of $0.06. The ex-dividend date was Wednesday, March 19th. Bentley Systems's payout ratio is presently 35.44%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on BSY shares. Royal Bank of Canada raised their price objective on Bentley Systems from $53.00 to $55.00 and gave the company an "outperform" rating in a report on Thursday. JPMorgan Chase & Co. lowered their target price on shares of Bentley Systems from $52.00 to $45.00 and set a "neutral" rating on the stock in a report on Wednesday, April 9th. Mizuho cut their price target on shares of Bentley Systems from $60.00 to $50.00 and set an "outperform" rating for the company in a research note on Tuesday, April 15th. Rosenblatt Securities dropped their target price on shares of Bentley Systems from $62.00 to $53.00 and set a "buy" rating on the stock in a report on Monday. Finally, The Goldman Sachs Group cut Bentley Systems from a "neutral" rating to a "sell" rating and reduced their price target for the stock from $51.00 to $42.00 in a report on Friday, February 28th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Bentley Systems currently has an average rating of "Moderate Buy" and a consensus price target of $52.00.

About Bentley Systems

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.