Cubist Systematic Strategies LLC Buys 5,346 Shares of Bentley Systems, Incorporated (NASDAQ:BSY)

Cubist Systematic Strategies LLC boosted its holdings in Bentley Systems, Incorporated (NASDAQ:BSY - Free Report) by 78.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,204 shares of the company's stock after acquiring an additional 5,346 shares during the quarter. Cubist Systematic Strategies LLC's holdings in Bentley Systems were worth $570,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Private Trust Co. NA raised its stake in Bentley Systems by 61.1% during the 4th quarter. Private Trust Co. NA now owns 997 shares of the company's stock valued at $47,000 after buying an additional 378 shares during the last quarter. Tobam purchased a new stake in Bentley Systems during the 4th quarter valued at $55,000. Atala Financial Inc purchased a new stake in Bentley Systems during the 4th quarter valued at $55,000. CIBC Private Wealth Group LLC increased its stake in shares of Bentley Systems by 42.0% in the 4th quarter. CIBC Private Wealth Group LLC now owns 1,673 shares of the company's stock worth $78,000 after purchasing an additional 495 shares in the last quarter. Finally, Tortoise Investment Management LLC increased its stake in shares of Bentley Systems by 76.9% in the 4th quarter. Tortoise Investment Management LLC now owns 1,675 shares of the company's stock worth $78,000 after purchasing an additional 728 shares in the last quarter. 44.16% of the stock is owned by institutional investors.

Bentley Systems Trading Up 0.6%

Shares of Bentley Systems stock opened at $48.23 on Friday. The firm has a market cap of $14.08 billion, a price-to-earnings ratio of 43.45, a PEG ratio of 3.52 and a beta of 1.05. The business has a 50-day moving average price of $42.63 and a 200-day moving average price of $45.56. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 1.37. Bentley Systems, Incorporated has a twelve month low of $36.51 and a twelve month high of $57.19.

Bentley Systems (NASDAQ:BSY - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.35 earnings per share for the quarter, beating analysts' consensus estimates of $0.30 by $0.05. The firm had revenue of $370.54 million during the quarter, compared to analyst estimates of $366.76 million. Bentley Systems had a return on equity of 29.50% and a net margin of 27.73%. The business's quarterly revenue was up 9.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.31 earnings per share. Equities research analysts anticipate 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. Stockholders of record on Wednesday, March 19th were given a dividend of $0.07 per share. This is a positive change from Bentley Systems's previous quarterly dividend of $0.06. The ex-dividend date of this dividend was Wednesday, March 19th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.58%. Bentley Systems's dividend payout ratio (DPR) is presently 35.44%.

Insider Activity

In related news, CRO Brock Ballard sold 12,363 shares of the stock in a transaction dated Wednesday, May 7th. The shares were sold at an average price of $45.08, for a total value of $557,324.04. Following the completion of the transaction, the executive now owns 68,064 shares of the company's stock, valued at approximately $3,068,325.12. This trade represents a 15.37% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 20.56% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on BSY. JPMorgan Chase & Co. reduced their price objective on Bentley Systems from $52.00 to $45.00 and set a "neutral" rating for the company in a research note on Wednesday, April 9th. UBS Group upped their price objective on Bentley Systems from $48.00 to $53.00 and gave the stock a "neutral" rating in a research note on Thursday, May 8th. Rosenblatt Securities cut their price target on Bentley Systems from $62.00 to $53.00 and set a "buy" rating for the company in a research note on Monday, May 5th. Mizuho cut their price target on Bentley Systems from $60.00 to $50.00 and set an "outperform" rating for the company in a research note on Tuesday, April 15th. Finally, Royal Bank of Canada increased their price target on Bentley Systems from $53.00 to $55.00 and gave the stock an "outperform" rating in a research note on Thursday, May 8th. One equities 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 company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price 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.

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