Liontrust Investment Partners LLP Buys New Stake in Bentley Systems, Incorporated $BSY

Key Points

• Liontrust Investment Partners LLP has acquired a new stake in Bentley Systems, purchasing 8,977 shares valued at approximately $353,000.
• Analysts have set a variety of price targets for Bentley Systems, with an average target of $56.60 and several firms giving it "outperform" ratings.
• Bentley Systems reported quarterly earnings of $0.32 per share, exceeding estimates, and had a revenue of $364.11 million for the quarter, up 10.2% year-over-year.

Liontrust Investment Partners LLP bought a new position in Bentley Systems, Incorporated (NASDAQ:BSY - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 8,977 shares of the company's stock, valued at approximately $353,000.

Several other large investors have also added to or reduced their stakes in the company. Vestmark Advisory Solutions Inc. boosted its position in shares of Bentley Systems by 110.8% in the first quarter. Vestmark Advisory Solutions Inc. now owns 258,640 shares of the company's stock worth $10,175,000 after purchasing an additional 135,922 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its stake in Bentley Systems by 4.2% during the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 49,613 shares of the company's stock valued at $1,952,000 after buying an additional 2,000 shares during the last quarter. Caitong International Asset Management Co. Ltd bought a new position in shares of Bentley Systems in the 1st quarter valued at about $334,000. Nuveen LLC purchased a new position in Bentley Systems in the first quarter worth about $11,901,000. Finally, Entropy Technologies LP lifted its position in Bentley Systems by 3.3% in the first quarter. Entropy Technologies LP now owns 19,085 shares of the company's stock worth $751,000 after buying an additional 601 shares during the last quarter. Hedge funds and other institutional investors own 44.16% of the company's stock.

Insiders Place Their Bets

In other news, insider David R. Shaman sold 19,348 shares of Bentley Systems stock in a transaction on Monday, July 14th. The shares were sold at an average price of $56.96, for a total transaction of $1,102,062.08. Following the completion of the sale, the insider directly owned 647,609 shares in the company, valued at approximately $36,887,808.64. The trade was a 2.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Raymond B. Bentley sold 355,103 shares of the company's stock in a transaction on Monday, June 16th. The shares were sold at an average price of $49.96, for a total value of $17,740,945.88. Following the completion of the transaction, the director directly owned 15,992,321 shares in the company, valued at approximately $798,976,357.16. The trade was a 2.17% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,189,869 shares of company stock valued at $60,880,388. Insiders own 20.56% of the company's stock.

Analysts Set New Price Targets

BSY has been the topic of a number of research analyst reports. Robert W. Baird set a $64.00 target price on shares of Bentley Systems and gave the stock an "outperform" rating in a research note on Wednesday, July 30th. KeyCorp upped their target price on Bentley Systems from $56.00 to $59.00 and gave the stock an "overweight" rating in a report on Monday, July 7th. Oppenheimer increased their price target on Bentley Systems from $59.00 to $65.00 and gave the stock an "outperform" rating in a research report on Thursday, August 7th. Royal Bank Of Canada lifted their price objective on Bentley Systems from $53.00 to $55.00 and gave the company an "outperform" rating in a report on Thursday, May 8th. Finally, UBS Group boosted their price target on shares of Bentley Systems from $53.00 to $60.00 and gave the company a "neutral" rating in a report on Thursday, August 7th. Six investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Bentley Systems currently has a consensus rating of "Moderate Buy" and an average price target of $56.60.

Bentley Systems Stock Down 0.4%

Bentley Systems stock traded down $0.2120 during midday trading on Thursday, reaching $53.3980. The company's stock had a trading volume of 301,355 shares, compared to its average volume of 1,535,995. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.51 and a quick ratio of 0.51. The stock has a market capitalization of $15.60 billion, a P/E ratio of 67.65, a PEG ratio of 4.31 and a beta of 1.10. The stock's 50-day simple moving average is $54.77 and its 200-day simple moving average is $48.02. Bentley Systems, Incorporated has a 52-week low of $36.51 and a 52-week high of $59.25.

Bentley Systems (NASDAQ:BSY - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The company reported $0.32 earnings per share for the quarter, topping analysts' consensus estimates of $0.29 by $0.03. The business had revenue of $364.11 million for the quarter, compared to analyst estimates of $363.51 million. Bentley Systems had a return on equity of 28.41% and a net margin of 17.91%.The company's revenue was up 10.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.31 earnings per share. On average, sell-side analysts expect that Bentley Systems, Incorporated will post 0.88 EPS for the current year.

About Bentley Systems

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.