6,279 Shares in Bentley Systems, Incorporated (NASDAQ:BSY) Bought by Cache Advisors LLC

Cache Advisors LLC acquired a new position in shares of Bentley Systems, Incorporated (NASDAQ:BSY - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 6,279 shares of the company's stock, valued at approximately $293,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Private Trust Co. NA increased its holdings in Bentley Systems by 61.1% during the 4th quarter. Private Trust Co. NA now owns 997 shares of the company's stock worth $47,000 after purchasing an additional 378 shares in the last quarter. Tobam bought a new stake in Bentley Systems during the 4th quarter worth approximately $55,000. Atala Financial Inc purchased a new position in shares of Bentley Systems in the 4th quarter worth approximately $55,000. CIBC Private Wealth Group LLC boosted its stake in shares of Bentley Systems by 42.0% in the 4th quarter. CIBC Private Wealth Group LLC now owns 1,673 shares of the company's stock worth $78,000 after buying an additional 495 shares during the last quarter. Finally, Tortoise Investment Management LLC boosted its stake in shares of Bentley Systems by 76.9% in the 4th quarter. Tortoise Investment Management LLC now owns 1,675 shares of the company's stock worth $78,000 after buying an additional 728 shares during the last quarter. 44.16% of the stock is owned by institutional investors.

Bentley Systems Stock Performance

BSY stock traded up $0.92 during midday trading on Tuesday, reaching $48.34. 1,415,779 shares of the company's stock traded hands, compared to its average volume of 1,202,791. Bentley Systems, Incorporated has a 52 week low of $36.51 and a 52 week high of $53.47. The company has a 50-day moving average price of $43.51 and a two-hundred day moving average price of $45.43. The firm has a market capitalization of $14.11 billion, a PE ratio of 43.55, a price-to-earnings-growth ratio of 3.52 and a beta of 1.05. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.52 and a current ratio of 0.52.

Bentley Systems (NASDAQ:BSY - Get Free Report) last announced its earnings results 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. Bentley Systems had a net margin of 27.73% and a return on equity of 29.50%. The company had revenue of $370.54 million during the quarter, compared to analyst estimates of $366.76 million. During the same period in the previous year, the business earned $0.31 earnings per share. The firm's quarterly revenue was up 9.7% compared to the same quarter last year. As a group, equities analysts anticipate that Bentley Systems, Incorporated will post 0.88 EPS for the current year.

Bentley Systems Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Tuesday, June 3rd will be given a dividend of $0.07 per share. The ex-dividend date is Tuesday, June 3rd. This represents a $0.28 annualized dividend and a yield of 0.58%. Bentley Systems's payout ratio is 35.44%.

Insider Buying and Selling at Bentley Systems

In other news, CRO Brock Ballard sold 12,363 shares of the stock in a transaction dated Wednesday, May 7th. The shares were sold at an average price of $45.08, for a total transaction of $557,324.04. Following the completion of the sale, the executive now directly owns 68,064 shares in the company, valued at approximately $3,068,325.12. This represents a 15.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 20.56% of the company's stock.

Analyst Upgrades and Downgrades

BSY has been the subject of a number of recent analyst reports. UBS Group upped their price objective on Bentley Systems from $48.00 to $53.00 and gave the company a "neutral" rating in a research note on Thursday, May 8th. The Goldman Sachs Group cut Bentley Systems from a "neutral" rating to a "sell" rating and dropped their price target for the company from $51.00 to $42.00 in a research report on Friday, February 28th. Rosenblatt Securities cut their price target on Bentley Systems from $62.00 to $53.00 and set a "buy" rating for the company in a research note on Monday, May 5th. Mizuho cut their price target on Bentley Systems from $60.00 to $50.00 and set an "outperform" rating for the company in a research note on Tuesday, April 15th. Finally, KeyCorp increased their price target on Bentley Systems from $54.00 to $56.00 and gave the stock an "overweight" rating in a research note on Thursday, May 8th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $52.00.

Bentley Systems Company Profile

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.