Alps Advisors Inc. Purchases 343,099 Shares of Bentley Systems, Incorporated $BSY

Key Points

• Alps Advisors acquired a new 343,099-share stake in Bentley Systems during the third quarter, valued at approximately $10.96 million, or 0.12% of the company.
• Bentley reported quarterly earnings of $0.36 per share, beating the $0.33 consensus estimate, while revenue rose 12.2% year over year to $421.5 million. Analysts’ consensus rating is “Moderate Buy,” with a $46.67 average price target.
• Director Raymond Bentley sold 344,203 shares for about $13.85 million under a pre-arranged Rule 10b5-1 plan; he retained approximately 14.3 million shares after the sale.

Alps Advisors Inc. acquired a new stake in Bentley Systems, Incorporated (NASDAQ:BSY - Free Report) during the third quarter, according to its most recent 13F filing with the SEC. The fund acquired 343,099 shares of the company's stock, valued at approximately $10,962,000. Alps Advisors Inc. owned 0.12% of Bentley Systems as of its most recent filing with the SEC.

Several other institutional investors have also added to or reduced their stakes in BSY. Arrowstreet Capital Limited Partnership lifted its stake in Bentley Systems by 253.6% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 4,781,449 shares of the company's stock worth $167,924,000 after purchasing an additional 3,429,087 shares in the last quarter. Bank of New York Mellon Corp purchased a new stake in Bentley Systems in the second quarter valued at approximately $78,738,000. Madison Asset Management LLC purchased a new stake in Bentley Systems in the second quarter valued at approximately $40,807,000. Bessemer Group Inc. lifted its position in Bentley Systems by 36.2% during the first quarter. Bessemer Group Inc. now owns 2,600,241 shares of the company's stock valued at $91,320,000 after purchasing an additional 691,806 shares during the last quarter. Finally, SEB Asset Management AB bought a new stake in Bentley Systems during the first quarter valued at approximately $22,581,000. 44.16% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

BSY has been the subject of several research reports. Piper Sandler reiterated an "overweight" rating and issued a $45.00 target price on shares of Bentley Systems in a research report on Friday, August 7th. Royal Bank Of Canada raised their price target on Bentley Systems from $48.00 to $52.00 and gave the company an "outperform" rating in a research report on Friday. Oppenheimer raised their price target on Bentley Systems from $43.00 to $52.00 and gave the company an "outperform" rating in a research report on Friday. Weiss Ratings raised Bentley Systems from a "hold (c-)" rating to a "hold (c)" rating in a research note on Monday, October 19th. Finally, Rosenblatt Securities upped their price objective on Bentley Systems from $50.00 to $53.00 and gave the stock a "buy" rating in a report on Friday. Nine investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $46.67.

Insider Buying and Selling

In related news, Director Raymond Bentley sold 344,203 shares of Bentley Systems stock in a transaction on Friday, October 30th. The stock was sold at an average price of $40.24, for a total transaction of $13,850,728.72. Following the transaction, the director directly owned 14,316,404 shares in the company, valued at approximately $576,092,096.96. The trade was a 2.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 500,000 shares of company stock valued at $20,089,565. 20.27% of the stock is currently owned by company insiders.

Bentley Systems News Roundup

Here are the key news stories impacting Bentley Systems this week:

• Positive Sentiment: Q3 results topped expectations and growth remained strong. Bentley reported adjusted earnings of $0.36 per share versus estimates of about $0.33–$0.34, while revenue of $421.5 million edged past forecasts and rose 12.2% year over year. The company also raised its annual recurring revenue outlook, supporting expectations for continued growth. Bentley Systems reports revenue growth and raises ARR outlook
• Positive Sentiment: Several analysts raised price targets. Oppenheimer lifted its target to $52 and kept an Outperform rating; RBC raised its target to $52 with an Outperform rating; Cantor Fitzgerald set a $55 target and Overweight rating; and Rosenblatt raised its target to $53 with a Buy rating. These revisions signal improved analyst expectations, though targets are not guarantees. Oppenheimer price target update RBC price target update Cantor Fitzgerald price target update Rosenblatt price target update
• Neutral Sentiment: UBS raised its target but stayed Neutral. UBS moved its target to $50 from $40, while maintaining a Neutral rating—an upward valuation revision tempered by a lack of stronger conviction. UBS price target update
• Negative Sentiment: An insider sale may weigh on sentiment. Raymond Bentley reportedly sold 344,203 shares. The report does not establish the reason for the sale, so it is not necessarily a signal about the company’s outlook. Insider share sale report

Bentley Systems Stock Down 0.6%

Shares of Bentley Systems stock opened at $44.65 on Friday. The company has a 50-day simple moving average of $35.61 and a two-hundred day simple moving average of $34.51. The stock has a market capitalization of $12.97 billion, a PE ratio of 43.77, a price-to-earnings-growth ratio of 2.78 and a beta of 0.98. Bentley Systems, Incorporated has a 52-week low of $28.08 and a 52-week high of $48.17. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.59 and a current ratio of 0.65.

Bentley Systems (NASDAQ:BSY - Get Free Report) last released its quarterly earnings data on Thursday, November 5th. The company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.33 by $0.03. The company had revenue of $421.51 million for the quarter, compared to analysts' expectations of $420.69 million. Bentley Systems had a return on equity of 29.99% and a net margin of 19.57%. Bentley Systems's revenue was up 12.2% compared to the same quarter last year. During the same period last year, the firm posted $0.27 earnings per share. On average, analysts anticipate that Bentley Systems, Incorporated will post 1.20 EPS for the current fiscal year.

Bentley Systems Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 29th. Investors of record on Tuesday, September 22nd were issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend was Tuesday, September 22nd. Bentley Systems's dividend payout ratio (DPR) is currently 30.77%.

Bentley Systems Profile

Bentley Systems, Incorporated is a software company that develops solutions for the design, construction, and operation of infrastructure. Its customers include engineers, architects, geospatial professionals, construction firms, and infrastructure owner-operators in sectors such as transportation, water, utilities, industrial facilities, and buildings.

The company's product portfolio includes MicroStation for infrastructure design, ProjectWise for project collaboration, AssetWise for asset performance and operations, and SYNCHRO for construction management.

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