Farther Finance Advisors LLC Has $8.22 Million Holdings in Bentley Systems, Incorporated $BSY

Key Points

• Farther Finance Advisors LLC boosted its stake in Bentley Systems by 20,094.5% in Q4, buying 214,207 shares to hold 215,273 shares worth about $8.22 million (≈0.07% of the company).
• Analysts have trimmed price targets and remain mixed on the stock; the consensus rating is "Hold" with an average price target of $48.50.
• Bentley posted Q earnings of $0.27 EPS (in line with estimates) and revenue of $391.6M, up 11.9% year-over-year, and pays a quarterly dividend of $0.07 (0.8% yield).

Farther Finance Advisors LLC raised its position in shares of Bentley Systems, Incorporated (NASDAQ:BSY - Free Report) by 20,094.5% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 215,273 shares of the company's stock after purchasing an additional 214,207 shares during the quarter. Farther Finance Advisors LLC owned approximately 0.07% of Bentley Systems worth $8,216,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Geneos Wealth Management Inc. boosted its holdings 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 in the last quarter. Baillie Gifford & Co. bought a new position in shares of Bentley Systems during the 3rd quarter worth approximately $28,000. National Pension Service bought a new position in shares of Bentley Systems during the 3rd quarter worth approximately $28,000. Caitong International Asset Management Co. Ltd bought a new position in shares of Bentley Systems during the 3rd quarter worth approximately $37,000. Finally, Physician Wealth Advisors Inc. bought a new position in shares of Bentley Systems during the 3rd quarter worth approximately $39,000. Institutional investors and hedge funds own 44.16% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Rosenblatt Securities cut their price target on Bentley Systems from $58.00 to $50.00 and set a "buy" rating on the stock in a report on Tuesday, February 24th. BMO Capital Markets restated an "outperform" rating on shares of Bentley Systems in a report on Monday, March 2nd. UBS Group cut their target price on Bentley Systems from $60.00 to $40.00 and set a "neutral" rating on the stock in a report on Monday, February 23rd. Weiss Ratings reiterated a "hold (c)" rating on shares of Bentley Systems in a report on Wednesday, January 21st. Finally, Mizuho cut their target price on Bentley Systems from $62.00 to $50.00 and set an "outperform" rating on the stock in a report on Friday, February 27th. Seven research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $48.50.

Bentley Systems Price Performance

Shares of NASDAQ:BSY opened at $34.05 on Thursday. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 1.05. The stock's fifty day simple moving average is $35.58 and its two-hundred day simple moving average is $40.74. Bentley Systems, Incorporated has a 1-year low of $30.83 and a 1-year high of $59.25. The stock has a market cap of $9.93 billion, a PE ratio of 39.59, a price-to-earnings-growth ratio of 2.23 and a beta of 1.16.

Bentley Systems (NASDAQ:BSY - Get Free Report) last issued its quarterly earnings data on Thursday, February 26th. The company reported $0.27 earnings per share for the quarter, meeting the consensus estimate 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 for the quarter, compared to analysts' expectations of $381.79 million. During the same period last year, the business earned $0.21 EPS. The business's revenue was up 11.9% on a year-over-year basis. As a group, 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. Shareholders of record on Tuesday, March 10th were paid a dividend of $0.07 per share. The ex-dividend date was Tuesday, March 10th. This represents a $0.28 annualized dividend and a yield of 0.8%. Bentley Systems's dividend payout ratio (DPR) is 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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