Eisler Capital Management Ltd. bought a new stake in shares of Bentley Systems, Incorporated (NASDAQ:BSY - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 9,000 shares of the company's stock, valued at approximately $419,000.
Several other institutional investors and hedge funds have also recently made changes to their positions in BSY. Tidal Investments LLC boosted its holdings in shares of Bentley Systems by 21.8% during the 3rd quarter. Tidal Investments LLC now owns 7,169 shares of the company's stock valued at $364,000 after acquiring an additional 1,284 shares during the last quarter. Principal Financial Group Inc. increased its stake in Bentley Systems by 20.5% during the third quarter. Principal Financial Group Inc. now owns 204,612 shares of the company's stock worth $10,396,000 after acquiring an additional 34,871 shares during the last quarter. Bar Harbor Wealth Management bought a new stake in shares of Bentley Systems in the 4th quarter worth about $8,413,000. Park Avenue Securities LLC increased its stake in Bentley Systems by 5.4% in 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 period. Finally, Covea Finance lifted its holdings in shares of Bentley Systems by 10.8% in the 4th quarter. Covea Finance now owns 27,700 shares of the company's stock worth $1,294,000 after buying an additional 2,700 shares during the period. Institutional investors own 44.16% of the company's stock.
Insider Transactions at Bentley Systems
In other news, CRO Brock Ballard sold 12,363 shares of the business's stock in a transaction that occurred on Wednesday, May 7th. The shares were sold at an average price of $45.08, for a total transaction of $557,324.04. Following the sale, the executive now owns 68,064 shares in the company, valued at $3,068,325.12. The trade was a 15.37% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 20.56% of the company's stock.
Bentley Systems Trading Up 0.8%
Shares of BSY stock traded up $0.37 during mid-day trading on Thursday, reaching $48.32. The company's stock had a trading volume of 469,415 shares, compared to its average volume of 1,211,109. The company's 50 day simple moving average is $42.49 and its 200-day simple moving average is $45.57. The firm has a market capitalization of $14.10 billion, a PE ratio of 43.53, a price-to-earnings-growth 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. 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 (NASDAQ:BSY - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $0.35 earnings per share (EPS) for the quarter, topping 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% compared to the same quarter last year. During the same period in the previous year, the business earned $0.31 EPS. On average, research analysts predict that Bentley Systems, Incorporated will post 0.88 EPS for the current fiscal year.
Bentley Systems Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Stockholders 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 dividend yield of 0.58%. The ex-dividend date was Wednesday, March 19th. This is a boost from Bentley Systems's previous quarterly dividend of $0.06. Bentley Systems's payout ratio is 35.44%.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently issued reports on the company. Robert W. Baird reduced their price target on Bentley Systems from $60.00 to $59.00 and set an "outperform" rating on the stock in a research report on Thursday, February 27th. Mizuho cut their target price on shares of Bentley Systems from $60.00 to $50.00 and set an "outperform" rating for the company in a report on Tuesday, April 15th. The Goldman Sachs Group downgraded Bentley Systems from a "neutral" rating to a "sell" rating and reduced their target price for the stock from $51.00 to $42.00 in a research note on Friday, February 28th. UBS Group raised their target price on Bentley Systems from $48.00 to $53.00 and gave the company a "neutral" rating in a research report on Thursday, May 8th. Finally, Rosenblatt Securities reduced their price objective on Bentley Systems from $62.00 to $53.00 and set a "buy" rating on the stock in a research report on Monday, May 5th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $52.00.
Check Out Our Latest Stock Analysis on BSY
About Bentley Systems
(
Free Report)
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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