Bentley Systems, Incorporated $BSY Stock: Robeco Schweiz AG Increases Stake

Key Points

• Robeco Schweiz AG increased its Bentley Systems stake by 66.3% in the third quarter, bringing its holdings to 758,586 shares valued at approximately $24.2 million. Institutional investors collectively own 44.16% of the company.
• Analysts maintain a favorable outlook, with a consensus rating of “Moderate Buy” and an average price target of $44.77; ten analysts rate the stock Buy and five rate it Hold.
• Bentley Systems reported quarterly EPS of $0.35, exceeding estimates by $0.03, while revenue rose 12.8% year over year to $410.73 million. The company also pays a quarterly dividend of $0.07 per share, for an annualized yield of 0.7%.

Robeco Schweiz AG increased its position in Bentley Systems, Incorporated (NASDAQ:BSY - Free Report) by 66.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 758,586 shares of the company's stock after acquiring an additional 302,346 shares during the quarter. Robeco Schweiz AG owned about 0.26% of Bentley Systems worth $24,237,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Physician Wealth Advisors Inc. raised its stake in Bentley Systems by 80.2% during the 1st quarter. Physician Wealth Advisors Inc. now owns 791 shares of the company's stock worth $28,000 after acquiring an additional 352 shares during the period. CX Institutional boosted its position in shares of Bentley Systems by 898.9% in the second quarter. CX Institutional now owns 939 shares of the company's stock worth $28,000 after purchasing an additional 845 shares during the period. Harbor Investment Advisory LLC purchased a new stake in shares of Bentley Systems in the second quarter worth $30,000. Summit Securities Group LLC purchased a new stake in shares of Bentley Systems in the first quarter worth $34,000. Finally, Parallel Advisors LLC increased its stake in shares of Bentley Systems by 49.5% in the first quarter. Parallel Advisors LLC now owns 2,445 shares of the company's stock worth $86,000 after purchasing an additional 810 shares in the last quarter. 44.16% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Piper Sandler restated an "overweight" rating and set a $45.00 target price on shares of Bentley Systems in a research note on Friday, August 7th. Rosenblatt Securities reiterated a "buy" rating and issued a $50.00 price target on shares of Bentley Systems in a research note on Monday, August 10th. Weiss Ratings upgraded Bentley Systems from a "hold (c-)" rating to a "hold (c)" rating in a research note on Monday, October 19th. Cantor Fitzgerald raised their price target on Bentley Systems from $37.00 to $42.00 and gave the company an "overweight" rating in a report on Friday, October 16th. Finally, BMO Capital Markets boosted their price objective on Bentley Systems from $41.00 to $43.00 and gave the company an "outperform" rating in a research report on Friday, August 7th. Ten research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, Bentley Systems currently has a consensus rating of "Moderate Buy" and an average price target of $44.77.

Bentley Systems Trading Up 0.7%

Shares of BSY opened at $39.70 on Friday. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.59 and a quick ratio of 0.59. Bentley Systems, Incorporated has a 1 year low of $28.08 and a 1 year high of $52.39. The company has a 50 day simple moving average of $34.51 and a two-hundred day simple moving average of $33.39. The firm has a market cap of $11.54 billion, a P/E ratio of 43.63, a price-to-earnings-growth ratio of 2.48 and a beta of 0.99.

Bentley Systems (NASDAQ:BSY - Get Free Report) last released its earnings results on Thursday, August 6th. The company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.32 by $0.03. Bentley Systems had a net margin of 18.10% and a return on equity of 28.43%. The firm had revenue of $410.73 million for the quarter, compared to the consensus estimate of $412.12 million. During the same quarter in the previous year, the firm earned $0.32 earnings per share. The company's quarterly revenue was up 12.8% compared to the same quarter last year. On average, equities analysts expect that Bentley Systems, Incorporated will post 1.21 earnings per share 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 paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Tuesday, September 22nd. Bentley Systems's dividend payout ratio (DPR) is presently 30.77%.

Bentley Systems Company 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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