Teachers Retirement System of The State of Kentucky Makes New $1.72 Million Investment in Bentley Systems, Incorporated $BSY

Teachers Retirement System of The State of Kentucky acquired a new position in shares of Bentley Systems, Incorporated (NASDAQ:BSY - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 45,000 shares of the company's stock, valued at approximately $1,717,000.

Other large investors have also recently added to or reduced their stakes in the company. Geneos Wealth Management Inc. increased its position in shares of Bentley Systems by 1,529.3% in the first quarter. Geneos Wealth Management Inc. now owns 668 shares of the company's stock worth $26,000 after purchasing an additional 627 shares during the period. Baillie Gifford & Co. acquired a new stake in shares of Bentley Systems during the third quarter valued at about $28,000. National Pension Service acquired a new position in shares of Bentley Systems in the third quarter worth approximately $28,000. Pekao Towarzystwo Funduszy Inwestycyjnych S.A. acquired a new position in shares of Bentley Systems in the fourth quarter worth approximately $34,000. Finally, Caitong International Asset Management Co. Ltd acquired a new position in shares of Bentley Systems in the third quarter worth approximately $37,000. Institutional investors own 44.16% of the company's stock.

Analyst Ratings Changes

A number of research firms recently commented on BSY. UBS Group cut their price objective on Bentley Systems from $60.00 to $40.00 and set a "neutral" rating on the stock in a research note on Monday, February 23rd. Robert W. Baird set a $55.00 price target on Bentley Systems in a research note on Wednesday, January 7th. Barclays boosted their price target on Bentley Systems from $47.00 to $49.00 and gave the company an "equal weight" rating in a research note on Friday, March 6th. BMO Capital Markets reissued an "outperform" rating on shares of Bentley Systems in a research note on Monday, March 2nd. Finally, Piper Sandler dropped their price target on Bentley Systems from $45.00 to $42.00 and set a "neutral" rating on the stock in a research note on Monday, March 2nd. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, four have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, Bentley Systems has an average rating of "Moderate Buy" and an average price target of $48.50.

Bentley Systems Trading Down 1.6%

NASDAQ BSY opened at $32.32 on Wednesday. The company has a market cap of $9.43 billion, a price-to-earnings ratio of 37.58, a P/E/G ratio of 2.20 and a beta of 1.16. Bentley Systems, Incorporated has a 52 week low of $30.83 and a 52 week high of $59.25. The business has a 50 day moving average price of $35.63 and a 200-day moving average price of $39.47. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 1.05.

Bentley Systems (NASDAQ:BSY - Get Free Report) last released its quarterly earnings data on Thursday, February 26th. The company reported $0.27 EPS for the quarter, meeting the consensus estimate of $0.27. The firm had revenue of $391.58 million during the quarter, compared to the consensus estimate of $381.79 million. Bentley Systems had a return on equity of 28.82% and a net margin of 18.50%.The company's quarterly 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, equities analysts expect that Bentley Systems, Incorporated will post 1.23 earnings per share for the current fiscal year.

Bentley Systems Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 19th. Investors of record on Tuesday, March 10th were issued a dividend of $0.07 per share. The ex-dividend date was Tuesday, March 10th. This represents a $0.28 annualized dividend and a yield of 0.9%. Bentley Systems's dividend payout ratio is 32.56%.

Bentley Systems Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.