Siemens Fonds Invest GmbH Invests $391,000 in Bentley Systems, Incorporated (NASDAQ:BSY)

Siemens Fonds Invest GmbH acquired a new position in shares of Bentley Systems, Incorporated (NASDAQ:BSY - Free Report) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 8,368 shares of the company's stock, valued at approximately $391,000.

A number of other hedge funds have also recently made changes to their positions in the stock. Ameriflex Group Inc. purchased a new stake in shares of Bentley Systems during the 4th quarter worth $75,000. Cache Advisors LLC purchased a new stake in Bentley Systems in the fourth quarter valued at about $293,000. Voloridge Investment Management LLC raised its stake in Bentley Systems by 187.6% in the fourth quarter. Voloridge Investment Management LLC now owns 324,175 shares of the company's stock valued at $15,139,000 after buying an additional 211,476 shares during the last quarter. Woodline Partners LP raised its stake in Bentley Systems by 10.9% in the fourth quarter. Woodline Partners LP now owns 435,267 shares of the company's stock valued at $20,327,000 after buying an additional 42,931 shares during the last quarter. Finally, Vident Advisory LLC raised its stake in Bentley Systems by 30.0% in the fourth quarter. Vident Advisory LLC now owns 10,235 shares of the company's stock valued at $478,000 after buying an additional 2,360 shares during the last quarter. 44.16% of the stock is currently owned by hedge funds and other institutional investors.

Bentley Systems Stock Performance

Bentley Systems stock traded up $0.01 during midday trading on Tuesday, hitting $47.65. 1,866,134 shares of the company were exchanged, compared to its average volume of 1,208,168. The firm has a market capitalization of $13.91 billion, a PE ratio of 42.93, a price-to-earnings-growth ratio of 3.52 and a beta of 1.07. Bentley Systems, Incorporated has a fifty-two week low of $36.51 and a fifty-two week high of $52.42. The business has a fifty day simple moving average of $44.24 and a two-hundred day simple moving average of $45.43. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.52 and a current ratio of 0.52.

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 for the quarter, compared to analyst estimates of $366.76 million. Bentley Systems had a return on equity of 29.50% and a net margin of 27.73%. Bentley Systems's revenue for the quarter was up 9.7% compared to the same quarter last year. During the same period last year, the company earned $0.31 earnings per share. On average, sell-side analysts forecast that Bentley Systems, Incorporated will post 0.88 earnings per share for the current year.

Bentley Systems Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Tuesday, June 3rd will be issued a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 0.59%. The ex-dividend date of this dividend is Tuesday, June 3rd. Bentley Systems's payout ratio is currently 35.44%.

Insider Buying and Selling at Bentley Systems

In other Bentley Systems news, CRO Brock Ballard sold 12,363 shares of the firm's stock in a transaction that occurred on Wednesday, May 7th. The stock was 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 of the company's stock, valued at approximately $3,068,325.12. This trade represents a 15.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 20.56% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms have commented on BSY. JPMorgan Chase & Co. decreased their price target on Bentley Systems from $52.00 to $45.00 and set a "neutral" rating for the company in a research note on Wednesday, April 9th. Royal Bank of Canada increased their price target on Bentley Systems from $53.00 to $55.00 and gave the company an "outperform" rating in a research note on Thursday, May 8th. Wall Street Zen upgraded Bentley Systems from a "hold" rating to a "buy" rating in a research note on Thursday, May 22nd. The Goldman Sachs Group cut Bentley Systems from a "neutral" rating to a "sell" rating and decreased their price target for the company from $51.00 to $42.00 in a research note on Friday, February 28th. Finally, Robert W. Baird decreased their price target on Bentley Systems from $60.00 to $59.00 and set an "outperform" rating for the company in a research note on Thursday, February 27th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $52.00.

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.