Dimensional Fund Advisors LP Boosts Stock Position in Bentley Systems, Incorporated (NASDAQ:BSY)

Dimensional Fund Advisors LP increased its stake in Bentley Systems, Incorporated (NASDAQ:BSY - Free Report) by 11.6% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 871,594 shares of the company's stock after buying an additional 90,860 shares during the quarter. Dimensional Fund Advisors LP owned 0.30% of Bentley Systems worth $40,711,000 at the end of the most recent quarter.

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

Bentley Systems Stock Down 1.5 %

NASDAQ BSY traded down $0.72 on Friday, reaching $46.34. 224,447 shares of the stock traded hands, compared to its average volume of 1,204,993. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.52 and a current ratio of 0.52. The company has a fifty day moving average price of $42.12 and a 200-day moving average price of $45.61. The company has a market cap of $14.05 billion, a price-to-earnings ratio of 41.75, a PEG ratio of 3.52 and a beta of 1.05. Bentley Systems, Incorporated has a 12 month low of $36.51 and a 12 month high of $57.19.

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

Bentley Systems Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Wednesday, March 19th were paid a $0.07 dividend. The ex-dividend date was Wednesday, March 19th. This represents a $0.28 dividend on an annualized basis and a yield of 0.60%. This is a boost from Bentley Systems's previous quarterly dividend of $0.06. Bentley Systems's dividend payout ratio (DPR) is currently 35.44%.

Wall Street Analyst Weigh In

BSY has been the subject of a number of recent analyst reports. Royal Bank of Canada lifted their target price on Bentley Systems from $53.00 to $55.00 and gave the company an "outperform" rating in a report on Thursday. UBS Group raised their price target on shares of Bentley Systems from $48.00 to $53.00 and gave the company a "neutral" rating in a report on Thursday. KeyCorp increased their price objective on Bentley Systems from $54.00 to $56.00 and gave the stock an "overweight" rating in a research report on Thursday. The Goldman Sachs Group cut shares of Bentley Systems from a "neutral" rating to a "sell" rating and lowered their price objective for the company from $51.00 to $42.00 in a research report on Friday, February 28th. Finally, Robert W. Baird reduced their price target on shares of Bentley Systems from $60.00 to $59.00 and set an "outperform" rating on the stock in a research report on Thursday, February 27th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, Bentley Systems currently has an average rating of "Moderate Buy" and an average target price of $52.00.

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.