Janus Henderson Group PLC Raises Stock Holdings in Bentley Systems, Incorporated $BSY

Key Points

• Janus Henderson increased its Bentley Systems stake by 999.5% in the first quarter, ending with 75,500 shares valued at approximately $2.65 million. Institutional investors collectively own 44.16% of the company.
• Bentley Systems reported adjusted second-quarter EPS of $0.35, beating the $0.32 consensus estimate, while revenue rose 12.8% year over year to $410.7 million. Revenue was slightly below analysts’ $412.1 million forecast.
• Analyst sentiment remains positive, with a consensus rating of “Moderate Buy” and an average price target of $45.00; recent firms cited AI initiatives, recurring-revenue growth and infrastructure demand as potential catalysts.

Janus Henderson Group PLC grew its position in shares of Bentley Systems, Incorporated (NASDAQ:BSY - Free Report) by 999.5% in the first quarter, according to its most recent filing with the SEC. The fund owned 75,500 shares of the company's stock after acquiring an additional 68,633 shares during the quarter. Janus Henderson Group PLC's holdings in Bentley Systems were worth $2,652,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Los Angeles Capital Management LLC bought a new position in Bentley Systems during the fourth quarter valued at $25,000. Geneos Wealth Management Inc. increased its holdings in shares of Bentley Systems by 1,529.3% in 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 valued at about $37,000. IFP Advisors Inc raised its position in shares of Bentley Systems by 174.5% during the 3rd quarter. IFP Advisors Inc now owns 763 shares of the company's stock valued at $39,000 after buying an additional 485 shares in the last quarter. Finally, Physician Wealth Advisors Inc. lifted its holdings in shares of Bentley Systems by 80.2% in the 1st quarter. Physician Wealth Advisors Inc. now owns 791 shares of the company's stock valued at $28,000 after acquiring an additional 352 shares during the last quarter. Institutional investors own 44.16% of the company's stock.

More Bentley Systems News

Here are the key news stories impacting Bentley Systems this week:

• Positive Sentiment: BMO Capital Markets raised its price target on Bentley Systems from $41 to $43 and upgraded the stock to “outperform,” implying substantial upside from recent levels. The Fly
• Positive Sentiment: Second-quarter EPS beat expectations: BSY reported adjusted earnings of $0.35 per share versus the $0.32 consensus and $0.32 a year earlier. Revenue increased 12.8% year over year to $410.7 million, indicating continued growth. Bentley Systems Surpasses Q2 Earnings Estimates
• Positive Sentiment: Management’s outlook is supported by strong performances from the Seequent and Power Line Systems businesses, robust small- and medium-sized business annual recurring revenue growth, and healthy net revenue retention. Improving architecture billings and non-residential construction spending may also support demand. Bentley Systems: Bullish on Q2 EPS Beat and Improving Industry Trends
• Positive Sentiment: Coverage of BSY’s AI strategy and product expansion suggests that new technology initiatives and favorable infrastructure-sector trends could provide additional longer-term growth catalysts. BSY Q2 Deep Dive
• Neutral Sentiment: The quarterly revenue result was broadly in line with expectations, but it came in modestly below the $412.1 million analyst estimate. Investors may therefore focus on future bookings, recurring-revenue trends, and guidance for evidence that growth can accelerate. BSY Q2 Earnings Results

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on BSY shares. BNP Paribas Exane assumed coverage on Bentley Systems in a research note on Thursday, June 18th. They set an "outperform" rating and a $40.00 price objective on the stock. Mizuho lowered their price objective on Bentley Systems from $50.00 to $45.00 and set an "outperform" rating for the company in a research note on Friday, May 8th. Piper Sandler upgraded Bentley Systems from a "neutral" rating to an "overweight" rating and lifted their target price for the stock from $42.00 to $45.00 in a report on Friday, May 8th. Zacks Research downgraded Bentley Systems from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 21st. Finally, Bank of America initiated coverage on Bentley Systems in a report on Tuesday, May 12th. They set a "buy" rating and a $40.00 price target on the stock. Nine equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $45.00.

Bentley Systems Stock Performance

Bentley Systems stock opened at $35.21 on Friday. The company has a 50 day moving average price of $32.14 and a 200-day moving average price of $33.95. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.51 and a current ratio of 0.59. Bentley Systems, Incorporated has a fifty-two week low of $28.08 and a fifty-two week high of $57.25. The company has a market capitalization of $10.29 billion, a PE ratio of 38.69, a P/E/G ratio of 2.26 and a beta of 0.98.

Bentley Systems (NASDAQ:BSY - Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.03. The company had revenue of $410.73 million for the quarter, compared to analysts' expectations of $412.12 million. Bentley Systems had a return on equity of 28.43% and a net margin of 18.10%.Bentley Systems's revenue was up 12.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.32 earnings per share. As a group, equities analysts forecast that Bentley Systems, Incorporated will post 1.2 earnings per share for the current year.

Bentley Systems Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 11th. Stockholders of record on Tuesday, June 2nd were given a dividend of $0.07 per share. The ex-dividend date of this dividend was Tuesday, June 2nd. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.8%. Bentley Systems's dividend payout ratio is presently 31.82%.

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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