Two Sigma Advisers LP Purchases New Shares in Bentley Systems, Incorporated (NASDAQ:BSY)

Two Sigma Advisers LP bought a new position in shares of Bentley Systems, Incorporated (NASDAQ:BSY - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 5,200 shares of the company's stock, valued at approximately $243,000.

Several other institutional investors have also recently bought and sold shares of the business. Charles Schwab Investment Management Inc. boosted its holdings in Bentley Systems by 1.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,052,704 shares of the company's stock valued at $49,161,000 after acquiring an additional 15,372 shares during the last quarter. Proficio Capital Partners LLC bought a new stake in Bentley Systems in the fourth quarter valued at approximately $809,000. Bank of New York Mellon Corp boosted its holdings in Bentley Systems by 10.2% in the fourth quarter. Bank of New York Mellon Corp now owns 1,053,762 shares of the company's stock valued at $49,211,000 after acquiring an additional 97,950 shares during the last quarter. Two Sigma Investments LP boosted its holdings in Bentley Systems by 42.3% in the fourth quarter. Two Sigma Investments LP now owns 42,700 shares of the company's stock valued at $1,994,000 after acquiring an additional 12,689 shares during the last quarter. Finally, Fiera Capital Corp boosted its holdings in Bentley Systems by 13.2% in the fourth quarter. Fiera Capital Corp now owns 953,246 shares of the company's stock valued at $44,517,000 after acquiring an additional 111,433 shares during the last quarter. Institutional investors and hedge funds own 44.16% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. JPMorgan Chase & Co. reduced their target price on Bentley Systems from $52.00 to $45.00 and set a "neutral" rating on the stock in a report on Wednesday, April 9th. UBS Group increased their price target on Bentley Systems from $48.00 to $53.00 and gave the stock a "neutral" rating in a report on Thursday, May 8th. The Goldman Sachs Group cut Bentley Systems from a "neutral" rating to a "sell" rating and cut their price target for the stock from $51.00 to $42.00 in a report on Friday, February 28th. Mizuho cut their price target on Bentley Systems from $60.00 to $50.00 and set an "outperform" rating on the stock in a report on Tuesday, April 15th. Finally, Oppenheimer increased their price target on Bentley Systems from $49.00 to $50.00 and gave the stock an "outperform" rating in a report on Thursday, May 8th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $52.00.

Insider Buying and Selling

In related news, CRO Brock Ballard sold 12,363 shares of the stock in a transaction 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 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 transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 20.56% of the stock is owned by company insiders.

Bentley Systems Stock Up 0.4%

Shares of BSY traded up $0.17 during trading hours on Tuesday, reaching $47.96. The stock had a trading volume of 1,632,403 shares, compared to its average volume of 1,222,779. Bentley Systems, Incorporated has a 12 month low of $36.51 and a 12 month high of $52.42. The firm has a 50-day simple moving average of $45.09 and a 200 day simple moving average of $45.48. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 1.37. The company has a market capitalization of $14.00 billion, a price-to-earnings ratio of 43.21, a P/E/G ratio of 3.52 and a beta of 1.07.

Bentley Systems (NASDAQ:BSY - Get Free Report) last issued its 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 return on equity of 29.50% and a net margin of 27.73%. The company had revenue of $370.54 million for the quarter, compared to analysts' expectations of $366.76 million. During the same period last year, the business earned $0.31 EPS. Bentley Systems's quarterly revenue was up 9.7% compared to the same quarter last year. Equities research analysts predict that Bentley Systems, Incorporated will post 0.88 earnings per share for the current fiscal year.

Bentley Systems Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Investors of record on Tuesday, June 3rd will be issued 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%.

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.