Siemens Fonds Invest GmbH Makes New Investment in Bentley Systems, Incorporated (NASDAQ:BSY)

Siemens Fonds Invest GmbH bought a new position in shares of Bentley Systems, Incorporated (NASDAQ:BSY - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 8,368 shares of the company's stock, valued at approximately $391,000.

Other hedge funds have also added to or reduced their stakes in the company. Principal Financial Group Inc. grew its stake in shares of Bentley Systems by 20.5% in the 3rd quarter. Principal Financial Group Inc. now owns 204,612 shares of the company's stock worth $10,396,000 after acquiring an additional 34,871 shares in the last quarter. Park Avenue Securities LLC raised its stake in Bentley Systems by 5.4% in the fourth quarter. Park Avenue Securities LLC now owns 9,138 shares of the company's stock valued at $427,000 after purchasing an additional 467 shares in the last quarter. Avanza Fonder AB bought a new position in shares of Bentley Systems during the 4th quarter valued at $376,000. Trium Capital LLP purchased a new position in shares of Bentley Systems in the fourth quarter worth $334,000. Finally, Diversify Wealth Management LLC boosted its holdings in Bentley Systems by 13.5% in the fourth quarter. Diversify Wealth Management LLC now owns 22,920 shares of the company's stock valued at $1,051,000 after acquiring an additional 2,728 shares in the last quarter. 44.16% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently commented on BSY. KeyCorp boosted their target price on shares of Bentley Systems from $54.00 to $56.00 and gave the company an "overweight" rating in a report on Thursday, May 8th. The Goldman Sachs Group lowered shares of Bentley Systems from a "neutral" rating to a "sell" rating and cut their target price for the company from $51.00 to $42.00 in a research report on Friday, February 28th. UBS Group boosted their target price on shares of Bentley Systems from $48.00 to $53.00 and gave the company a "neutral" rating in a research report on Thursday, May 8th. Royal Bank of Canada raised their target price on shares of Bentley Systems from $53.00 to $55.00 and gave the stock an "outperform" rating in a research note on Thursday, May 8th. Finally, Mizuho lowered their target price on shares of Bentley Systems from $60.00 to $50.00 and set an "outperform" rating on the stock in a report on Tuesday, April 15th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $52.00.

Bentley Systems Trading Down 0.1%

NASDAQ:BSY traded down $0.04 on Tuesday, hitting $48.06. The stock had a trading volume of 1,410,310 shares, compared to its average volume of 1,217,151. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 1.37. The stock has a market cap of $14.03 billion, a price-to-earnings ratio of 43.30, a PEG ratio of 3.52 and a beta of 1.05. The company has a fifty day moving average price of $43.07 and a two-hundred day moving average price of $45.52. Bentley Systems, Incorporated has a 1-year low of $36.51 and a 1-year high of $57.19.

Bentley Systems (NASDAQ:BSY - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.35 EPS for the quarter, topping 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 for the quarter, compared to analyst estimates of $366.76 million. During the same period in the prior year, the business posted $0.31 EPS. The business's revenue for the quarter was up 9.7% compared to the same quarter last year. Equities research analysts expect that Bentley Systems, Incorporated will post 0.88 earnings per share for the current fiscal year.

Bentley Systems Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Wednesday, March 19th were given a dividend of $0.07 per share. The ex-dividend date was Wednesday, March 19th. This is an increase from Bentley Systems's previous quarterly dividend of $0.06. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.58%. Bentley Systems's payout ratio is currently 35.44%.

Insider Activity

In other news, CRO Brock Ballard sold 12,363 shares of the firm's 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 sale, the executive now directly owns 68,064 shares in the company, valued at approximately $3,068,325.12. This trade represents a 15.37% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 20.56% of the company's stock.

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.