MQS Management LLC purchased a new stake in shares of Bentley Systems, Incorporated (NASDAQ:BSY - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 6,989 shares of the company's stock, valued at approximately $275,000.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. City Holding Co. bought a new position in Bentley Systems during the first quarter valued at approximately $26,000. Fifth Third Bancorp lifted its stake in shares of Bentley Systems by 106.6% during the 1st quarter. Fifth Third Bancorp now owns 843 shares of the company's stock worth $33,000 after acquiring an additional 435 shares during the last quarter. HM Payson & Co. bought a new stake in shares of Bentley Systems during the 1st quarter worth approximately $45,000. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Bentley Systems by 99.0% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,419 shares of the company's stock worth $56,000 after acquiring an additional 706 shares during the last quarter. Finally, Ameriflex Group Inc. bought a new stake in shares of Bentley Systems during the 4th quarter worth approximately $75,000. 44.16% of the stock is owned by institutional investors.
Bentley Systems Stock Performance
BSY traded up $0.09 on Friday, hitting $57.67. 822,958 shares of the company's stock were exchanged, compared to its average volume of 1,527,339. The firm has a market cap of $16.83 billion, a PE ratio of 73.03, a P/E/G ratio of 4.68 and a beta of 1.09. Bentley Systems, Incorporated has a twelve month low of $36.51 and a twelve month high of $57.99. The stock has a fifty day moving average of $50.99 and a two-hundred day moving average of $46.45. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 1.13.
Bentley Systems (NASDAQ:BSY - Get Free Report) last posted its earnings results on Wednesday, May 7th. The company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.30 by $0.05. The firm had revenue of $370.54 million during the quarter, compared to analysts' expectations of $366.76 million. Bentley Systems had a net margin of 18.46% and a return on equity of 29.18%. Bentley Systems's quarterly revenue was up 9.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.31 EPS. On average, research analysts anticipate that Bentley Systems, Incorporated will post 0.88 earnings per share for the current fiscal year.
Bentley Systems Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Thursday, June 12th. Shareholders of record on Tuesday, June 3rd were given a $0.07 dividend. The ex-dividend date of this dividend was Tuesday, June 3rd. This represents a $0.28 dividend on an annualized basis and a yield of 0.49%. Bentley Systems's payout ratio is 35.44%.
Wall Street Analysts Forecast Growth
Several research analysts have commented on BSY shares. Mizuho reduced their price objective on Bentley Systems from $60.00 to $50.00 and set an "outperform" rating on the stock in a report on Tuesday, April 15th. JPMorgan Chase & Co. reduced their price objective on Bentley Systems from $52.00 to $45.00 and set a "neutral" rating on the stock in a report on Wednesday, April 9th. Royal Bank Of Canada raised their price objective on Bentley Systems from $53.00 to $55.00 and gave the stock an "outperform" rating in a report on Thursday, May 8th. UBS Group lifted their price target on Bentley Systems from $48.00 to $53.00 and gave the company a "neutral" rating in a report on Thursday, May 8th. Finally, KeyCorp lifted their price target on Bentley Systems from $56.00 to $59.00 and gave the company an "overweight" rating in a report on Monday, July 7th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, Bentley Systems presently has an average rating of "Moderate Buy" and a consensus target price of $53.20.
View Our Latest Report on Bentley Systems
Insider Activity at Bentley Systems
In other Bentley Systems news, insider David R. Shaman sold 19,348 shares of the firm's stock in a transaction on Monday, July 14th. The shares were sold at an average price of $56.96, for a total value of $1,102,062.08. Following the sale, the insider directly owned 647,609 shares in the company, valued at $36,887,808.64. This trade represents a 2.90% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Keith A. Bentley sold 150,000 shares of Bentley Systems stock in a transaction dated Monday, July 7th. The shares were sold at an average price of $55.54, for a total transaction of $8,331,000.00. Following the transaction, the director directly owned 3,859,327 shares of the company's stock, valued at $214,347,021.58. This represents a 3.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,201,832 shares of company stock worth $61,414,013 in the last quarter. 20.56% of the stock is owned by corporate insiders.
Bentley Systems Company Profile
(
Free Report)
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.
Read More
Before you consider Bentley Systems, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Bentley Systems wasn't on the list.
While Bentley Systems currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Summer 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
