Public Employees Retirement System of Ohio Reduces Position in Bentley Systems, Incorporated (NASDAQ:BSY)

Public Employees Retirement System of Ohio lessened its holdings in Bentley Systems, Incorporated (NASDAQ:BSY - Free Report) by 46.5% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 48,642 shares of the company's stock after selling 42,203 shares during the period. Public Employees Retirement System of Ohio's holdings in Bentley Systems were worth $2,272,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Voloridge Investment Management LLC grew its position in shares of Bentley Systems by 187.6% during the fourth quarter. Voloridge Investment Management LLC now owns 324,175 shares of the company's stock valued at $15,139,000 after purchasing an additional 211,476 shares in the last quarter. Woodline Partners LP grew its position in Bentley Systems by 10.9% in the fourth quarter. Woodline Partners LP now owns 435,267 shares of the company's stock worth $20,327,000 after acquiring an additional 42,931 shares in the last quarter. Vident Advisory LLC increased its stake in Bentley Systems by 30.0% during the fourth quarter. Vident Advisory LLC now owns 10,235 shares of the company's stock worth $478,000 after acquiring an additional 2,360 shares during the last quarter. Sone Capital Management LLC bought a new stake in Bentley Systems during the fourth quarter worth approximately $17,884,000. Finally, Squarepoint Ops LLC increased its stake in Bentley Systems by 68.1% during the fourth quarter. Squarepoint Ops LLC now owns 210,110 shares of the company's stock worth $9,812,000 after acquiring an additional 85,144 shares during the last quarter. Hedge funds and other institutional investors own 44.16% of the company's stock.

Bentley Systems Trading Up 1.3%

Shares of Bentley Systems stock traded up $0.61 on Wednesday, hitting $48.26. 864,736 shares of the company traded hands, compared to its average volume of 1,206,912. The stock's 50 day moving average price is $44.24 and its 200-day moving average price is $45.43. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 1.37. Bentley Systems, Incorporated has a 52 week low of $36.51 and a 52 week high of $52.42. The company has a market cap of $14.08 billion, a PE ratio of 43.50, a PEG ratio of 3.52 and a beta of 1.07.

Bentley Systems (NASDAQ:BSY - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.35 earnings per share for the quarter, beating 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 firm had revenue of $370.54 million during the quarter, compared to the consensus estimate of $366.76 million. During the same quarter in the previous year, the firm posted $0.31 earnings per share. The company's revenue was up 9.7% on a year-over-year basis. Equities research analysts predict that Bentley Systems, Incorporated will post 0.88 EPS for the current year.

Bentley Systems Announces Dividend

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

Insider Activity

In other Bentley Systems news, CRO Brock Ballard sold 12,363 shares of Bentley Systems stock in a transaction on Wednesday, May 7th. The shares were sold at an average price of $45.08, for a total value of $557,324.04. Following the transaction, the executive now directly owns 68,064 shares of the company's stock, valued at approximately $3,068,325.12. The trade was a 15.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 20.56% of the company's stock.

Analyst Ratings Changes

Several brokerages have weighed in on BSY. UBS Group boosted their price objective on Bentley Systems from $48.00 to $53.00 and gave the stock a "neutral" rating in a research note on Thursday, May 8th. 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 research note on Wednesday, April 9th. Royal Bank of Canada boosted their price objective on Bentley Systems from $53.00 to $55.00 and gave the stock an "outperform" rating in a research note on Thursday, May 8th. Rosenblatt Securities reduced their price objective on Bentley Systems from $62.00 to $53.00 and set a "buy" rating on the stock in a research note on Monday, May 5th. Finally, Mizuho reduced their price objective on Bentley Systems from $60.00 to $50.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 15th. One analyst has rated the stock with a sell rating, two have given a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat.com, the stock 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.