Bentley Systems, Incorporated (NASDAQ:BSY) Stock Holdings Increased by Squarepoint Ops LLC

Squarepoint Ops LLC boosted its stake in Bentley Systems, Incorporated (NASDAQ:BSY - Free Report) by 68.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 210,110 shares of the company's stock after acquiring an additional 85,144 shares during the period. Squarepoint Ops LLC owned about 0.07% of Bentley Systems worth $9,812,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Private Trust Co. NA lifted its position in Bentley Systems by 61.1% in the fourth quarter. Private Trust Co. NA now owns 997 shares of the company's stock valued at $47,000 after acquiring an additional 378 shares during the last quarter. Tobam acquired a new position in shares of Bentley Systems during the fourth quarter worth about $55,000. Atala Financial Inc acquired a new position in shares of Bentley Systems during the fourth quarter worth about $55,000. Tortoise Investment Management LLC increased its stake in shares of Bentley Systems by 76.9% during the fourth quarter. Tortoise Investment Management LLC now owns 1,675 shares of the company's stock worth $78,000 after acquiring an additional 728 shares during the period. Finally, CIBC Private Wealth Group LLC increased its stake in shares of Bentley Systems by 42.0% during the fourth quarter. CIBC Private Wealth Group LLC now owns 1,673 shares of the company's stock worth $78,000 after acquiring an additional 495 shares during the period. 44.16% of the stock is owned by hedge funds and other institutional investors.

Bentley Systems Stock Up 0.1%

BSY stock traded up $0.03 during mid-day trading on Thursday, hitting $47.96. 305,251 shares of the company were exchanged, compared to its average volume of 1,198,127. The firm has a fifty day simple moving average of $43.76 and a 200 day simple moving average of $45.47. 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 twelve month low of $36.51 and a twelve month high of $52.67. The company has a market capitalization of $14.00 billion, a PE ratio of 43.18, a price-to-earnings-growth ratio of 3.52 and a beta of 1.05.

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 (EPS) for the quarter, topping analysts' consensus estimates of $0.30 by $0.05. Bentley Systems had a net margin of 27.73% and a return on equity of 29.50%. The company had revenue of $370.54 million for the quarter, compared to the consensus estimate of $366.76 million. During the same period last year, the firm posted $0.31 EPS. The company's revenue for the quarter was up 9.7% on a year-over-year basis. On average, research analysts forecast that Bentley Systems, Incorporated will post 0.88 earnings per share for the current fiscal year.

Bentley Systems Dividend Announcement

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 $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.58%. The ex-dividend date is Tuesday, June 3rd. Bentley Systems's dividend payout ratio is currently 35.44%.

Insider Transactions at Bentley Systems

In other news, CRO Brock Ballard sold 12,363 shares of the company's stock in a transaction that occurred 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 completion of the sale, the executive now directly owns 68,064 shares of the company's stock, valued at approximately $3,068,325.12. This represents a 15.37% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 20.56% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on BSY shares. Rosenblatt Securities decreased their price objective on shares of Bentley Systems from $62.00 to $53.00 and set a "buy" rating on the stock in a report on Monday, May 5th. Royal Bank of Canada upped their price target on shares of Bentley Systems from $53.00 to $55.00 and gave the company an "outperform" rating in a report on Thursday, May 8th. Oppenheimer upped their price objective on shares of Bentley Systems from $49.00 to $50.00 and gave the company an "outperform" rating in a research note on Thursday, May 8th. Robert W. Baird dropped their price target on shares of Bentley Systems from $60.00 to $59.00 and set an "outperform" rating for the company in a research report on Thursday, February 27th. Finally, Mizuho dropped their price objective on shares of Bentley Systems from $60.00 to $50.00 and set an "outperform" rating for the company in a research report on Tuesday, April 15th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $52.00.

Bentley Systems 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.