Bentley Systems, Incorporated $BSY Shares Acquired by Baillie Gifford & Co.

Key Points

• Baillie Gifford & Co. increased its stake in Bentley Systems by 54,633%—purchasing an additional 297,750 shares to hold 298,295 shares (about 0.10% of the company) worth $11.38 million.
• Analyst sentiment is mixed with a MarketBeat consensus of "Hold" and a $48.50 price target; several firms have cut targets (e.g., Mizuho to $50, UBS to $40) while others maintain outperform/buy ratings.
• Bentley beat revenue estimates this quarter ($391.6M vs. $381.8M, +11.9% YoY) and reported $0.27 EPS, but the stock trades near $32.82 (one‑year range $30.83–$59.25) and yields a modest 0.9% from a $0.07 quarterly dividend.

Baillie Gifford & Co. increased its holdings in shares of Bentley Systems, Incorporated (NASDAQ:BSY - Free Report) by 54,633.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 298,295 shares of the company's stock after purchasing an additional 297,750 shares during the quarter. Baillie Gifford & Co. owned 0.10% of Bentley Systems worth $11,384,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Vanguard Group Inc. increased its position in shares of Bentley Systems by 10.7% during the 3rd quarter. Vanguard Group Inc. now owns 18,607,657 shares of the company's stock worth $957,922,000 after purchasing an additional 1,792,591 shares during the last quarter. Swedbank AB increased its position in shares of Bentley Systems by 2.3% during the 3rd quarter. Swedbank AB now owns 7,250,495 shares of the company's stock worth $373,255,000 after purchasing an additional 160,594 shares during the last quarter. William Blair Investment Management LLC acquired a new stake in shares of Bentley Systems during the 3rd quarter worth about $150,903,000. Bessemer Group Inc. increased its position in shares of Bentley Systems by 27.4% during the 3rd quarter. Bessemer Group Inc. now owns 2,486,139 shares of the company's stock worth $127,986,000 after purchasing an additional 534,776 shares during the last quarter. Finally, Manning & Napier Advisors LLC acquired a new stake in shares of Bentley Systems during the 3rd quarter worth about $122,028,000. 44.16% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Mizuho cut their price objective on Bentley Systems from $62.00 to $50.00 and set an "outperform" rating for the company in a research report on Friday, February 27th. Barclays raised their price objective on Bentley Systems from $47.00 to $49.00 and gave the stock an "equal weight" rating in a research report on Friday, March 6th. UBS Group cut their price objective on Bentley Systems from $60.00 to $40.00 and set a "neutral" rating for the company in a research report on Monday, February 23rd. Piper Sandler cut their price objective on Bentley Systems from $45.00 to $42.00 and set a "neutral" rating for the company in a research report on Monday, March 2nd. Finally, BMO Capital Markets reissued an "outperform" rating on shares of Bentley Systems in a research report on Monday, March 2nd. Seven analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $48.50.

Bentley Systems Stock Performance

Shares of Bentley Systems stock opened at $32.82 on Tuesday. Bentley Systems, Incorporated has a one year low of $30.83 and a one year high of $59.25. The company has a market cap of $9.56 billion, a PE ratio of 38.16, a P/E/G ratio of 2.10 and a beta of 1.16. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.56 and a current ratio of 0.56. The business has a 50-day simple moving average of $35.52 and a 200-day simple moving average of $40.92.

Bentley Systems (NASDAQ:BSY - Get Free Report) last announced its quarterly earnings data on Thursday, February 26th. The company reported $0.27 EPS for the quarter, hitting analysts' consensus estimates of $0.27. Bentley Systems had a return on equity of 28.82% and a net margin of 18.50%.The business had revenue of $391.58 million during the quarter, compared to the consensus estimate of $381.79 million. During the same period in the previous year, the company posted $0.21 earnings per share. The business's revenue for the quarter was up 11.9% on a year-over-year basis. On average, equities research analysts forecast that Bentley Systems, Incorporated will post 0.88 EPS for the current fiscal year.

Bentley Systems Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 19th. Stockholders of record on Tuesday, March 10th were given a dividend of $0.07 per share. The ex-dividend date of this dividend was Tuesday, March 10th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.9%. Bentley Systems's payout ratio is currently 32.56%.

Bentley Systems Profile

Bentley Systems, Inc is a global software provider specializing in infrastructure engineering applications for the design, construction, and operations of roads, bridges, rail and transit systems, water and wastewater networks, power plants and grids, industrial facilities, and communications infrastructure. Founded in 1984 by brothers Keith and Barry Bentley, the company is headquartered in Exton, Pennsylvania, and maintains offices and development centers across North America, Europe, Asia, and Australia.

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