Bentley Systems, Incorporated $BSY Shares Bought by Danske Bank A S

Key Points

• Danske Bank A/S boosted its stake in Bentley Systems by 74.5% in Q4, buying an additional 33,400 shares to hold 78,204 shares worth about $2.985 million.
• Bentley reported Q4 EPS of $0.27 (in line with estimates) and revenue of $391.6M, up 11.9% year‑over‑year, with a net margin of 18.5% and ROE of 28.8%.
• The stock trades near $33.15 with a market cap of $9.67B and a PE of 38.6, pays a $0.07 quarterly dividend (0.8% yield), and carries a Street consensus of “Moderate Buy” with a $48.50 average price target.

Danske Bank A S boosted its position in shares of Bentley Systems, Incorporated (NASDAQ:BSY - Free Report) by 74.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 78,204 shares of the company's stock after acquiring an additional 33,400 shares during the period. Danske Bank A S's holdings in Bentley Systems were worth $2,985,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. National Pension Service purchased a new stake in shares of Bentley Systems during the 3rd quarter worth approximately $28,000. Baillie Gifford & Co. purchased a new stake in shares of Bentley Systems during the 3rd quarter worth approximately $28,000. Geneos Wealth Management Inc. lifted its position in shares of Bentley Systems by 1,529.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 668 shares of the company's stock worth $26,000 after buying an additional 627 shares during the last quarter. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Bentley Systems during the 3rd quarter worth approximately $37,000. Finally, Physician Wealth Advisors Inc. purchased a new stake in shares of Bentley Systems during the 3rd quarter worth approximately $39,000. Hedge funds and other institutional investors own 44.16% of the company's stock.

Bentley Systems Price Performance

Shares of NASDAQ BSY opened at $33.15 on Wednesday. The stock has a fifty day moving average price of $35.56 and a 200 day moving average price of $39.10. Bentley Systems, Incorporated has a 1-year low of $30.83 and a 1-year high of $59.25. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.56 and a quick ratio of 0.56. The company has a market cap of $9.67 billion, a PE ratio of 38.55, a P/E/G ratio of 2.26 and a beta of 1.01.

Bentley Systems (NASDAQ:BSY - Get Free Report) last announced its quarterly earnings data on Thursday, February 26th. The company reported $0.27 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.27. Bentley Systems had a net margin of 18.50% and a return on equity of 28.82%. The company had revenue of $391.58 million for the quarter, compared to analysts' expectations of $381.79 million. During the same period in the previous year, the company posted $0.21 EPS. Bentley Systems's revenue was up 11.9% compared to the same quarter last year. Sell-side analysts forecast that Bentley Systems, Incorporated will post 1.23 EPS for the current year.

Bentley Systems Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 19th. Investors of record on Tuesday, March 10th were issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Tuesday, March 10th. Bentley Systems's dividend payout ratio is currently 32.56%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on BSY. Robert W. Baird set a $55.00 price objective on shares of Bentley Systems in a research report on Wednesday, January 7th. Oppenheimer reduced their price objective on shares of Bentley Systems from $53.00 to $43.00 and set an "outperform" rating for the company in a research report on Friday, February 27th. Barclays boosted their price objective on shares of Bentley Systems from $47.00 to $49.00 and gave the stock an "equal weight" rating in a research report on Friday, March 6th. Rosenblatt Securities reduced their price objective on shares of Bentley Systems from $58.00 to $50.00 and set a "buy" rating for the company in a research report on Tuesday, February 24th. Finally, Piper Sandler cut their target price on shares of Bentley Systems from $45.00 to $42.00 and set a "neutral" rating on the stock in a report on Monday, March 2nd. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, Bentley Systems currently has an average rating of "Moderate Buy" and a consensus price target of $48.50.

About Bentley Systems

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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