Retirement Systems of Alabama Buys New Shares in Bentley Systems, Incorporated $BSY

Key Points

• Retirement Systems of Alabama opened a new position in Bentley Systems, buying 178,739 shares worth about $6.82 million and owning roughly 0.06% of the company at quarter-end.
• Bentley reported quarterly EPS of $0.27 (in line with estimates) and revenue of $391.58 million (above the $381.79M estimate), with revenue up 11.9% year‑over‑year and a strong ROE (28.82%) and net margin (18.5%).
• The stock has a market cap of about $10.08 billion, a 12‑month range of $30.97–$59.25, a quarterly dividend of $0.07 (≈0.8% yield), and an average analyst rating of "Hold" with an average target of $48.50 (7 Buy, 5 Hold, 1 Sell).

Retirement Systems of Alabama bought a new position in shares of Bentley Systems, Incorporated (NASDAQ:BSY - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 178,739 shares of the company's stock, valued at approximately $6,822,000. Retirement Systems of Alabama owned about 0.06% of Bentley Systems at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in BSY. National Pension Service bought a new position in shares of Bentley Systems in the 3rd quarter valued at about $28,000. Baillie Gifford & Co. bought a new stake in shares of Bentley Systems in the 3rd quarter valued at about $28,000. Geneos Wealth Management Inc. raised 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 valued at $26,000 after purchasing an additional 627 shares during the period. Caitong International Asset Management Co. Ltd acquired a new stake in Bentley Systems in the 3rd quarter valued at about $37,000. Finally, Physician Wealth Advisors Inc. acquired a new stake in Bentley Systems in the 3rd quarter valued at about $39,000. 44.16% of the stock is owned by institutional investors.

Bentley Systems Price Performance

Bentley Systems stock opened at $34.60 on Friday. The company's 50-day moving average price is $35.83 and its two-hundred day moving average price is $41.80. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 1.05. The stock has a market cap of $10.08 billion, a P/E ratio of 40.23, a P/E/G ratio of 2.36 and a beta of 1.16. Bentley Systems, Incorporated has a twelve month low of $30.97 and a twelve month high of $59.25.

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 (EPS) for the quarter, hitting analysts' consensus estimates of $0.27. The company had revenue of $391.58 million during the quarter, compared to analysts' expectations of $381.79 million. Bentley Systems had a return on equity of 28.82% and a net margin of 18.50%.The business's revenue was up 11.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.21 earnings per share. As a group, analysts expect that Bentley Systems, Incorporated will post 0.88 EPS for the current year.

Bentley Systems Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 19th. Shareholders of record on Tuesday, March 10th were issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend was Tuesday, March 10th. Bentley Systems's dividend payout ratio is currently 32.56%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Weiss Ratings reissued a "hold (c)" rating on shares of Bentley Systems in a research report on Wednesday, January 21st. Robert W. Baird set a $55.00 price objective on Bentley Systems in a research report on Wednesday, January 7th. Royal Bank Of Canada reduced their target price on Bentley Systems from $65.00 to $48.00 and set an "outperform" rating for the company in a research note on Monday, January 5th. BMO Capital Markets reissued an "outperform" rating on shares of Bentley Systems in a report on Monday, March 2nd. Finally, Mizuho dropped their price target on Bentley Systems from $62.00 to $50.00 and set an "outperform" rating on the stock in a research note on Friday, February 27th. Seven equities 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 MarketBeat.com, Bentley Systems presently has an average rating of "Hold" and an average target price of $48.50.

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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