Two Sigma Advisers LP Makes New Investment in Bentley Systems, Incorporated (NASDAQ:BSY)

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

A number of other large investors have also modified their holdings of BSY. Private Trust Co. NA lifted its position in shares of Bentley Systems by 61.1% during the 4th quarter. Private Trust Co. NA now owns 997 shares of the company's stock valued at $47,000 after buying an additional 378 shares in the last quarter. Tobam acquired a new position in Bentley Systems during the fourth quarter worth $55,000. Atala Financial Inc purchased a new position in Bentley Systems during the fourth quarter valued at $55,000. Tortoise Investment Management LLC grew its position in shares of Bentley Systems by 76.9% in the fourth quarter. Tortoise Investment Management LLC now owns 1,675 shares of the company's stock valued at $78,000 after purchasing 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 purchasing an additional 495 shares in the last quarter. Institutional investors and hedge funds own 44.16% of the company's stock.

Bentley Systems Trading Up 1.2%

NASDAQ BSY traded up $0.60 on Friday, reaching $49.75. 1,871,323 shares of the company were exchanged, compared to its average volume of 1,219,588. 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 business's fifty day moving average price is $44.80 and its 200 day moving average price is $45.48. The stock has a market capitalization of $14.52 billion, a P/E ratio of 44.82, 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.

Bentley Systems (NASDAQ:BSY - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The company reported $0.35 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $370.54 million during the quarter, compared to analyst estimates of $366.76 million. During the same quarter in the prior year, the firm posted $0.31 earnings per share. Bentley Systems's quarterly revenue was up 9.7% on a year-over-year basis. Analysts forecast that Bentley Systems, Incorporated will post 0.88 earnings per share for the current year.

Bentley Systems Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Tuesday, June 3rd will be issued a dividend of $0.07 per share. The ex-dividend date of this dividend is Tuesday, June 3rd. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.56%. Bentley Systems's dividend payout ratio is currently 35.44%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Wall Street Zen upgraded Bentley Systems from a "hold" rating to a "buy" rating in a report on Thursday, May 22nd. UBS Group raised their target price on Bentley Systems from $48.00 to $53.00 and gave the company a "neutral" rating in a research report on Thursday, May 8th. Rosenblatt Securities dropped their price target on Bentley Systems from $62.00 to $53.00 and set a "buy" rating for the company in a research report on Monday, May 5th. Robert W. Baird reduced their price objective 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. Finally, The Goldman Sachs Group lowered Bentley Systems from a "neutral" rating to a "sell" rating and decreased their price objective for the company from $51.00 to $42.00 in a report on Friday, February 28th. One analyst has rated the stock with a sell rating, two have given a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $52.00.

Insider Activity

In related news, CRO Brock Ballard sold 12,363 shares of the firm's stock in a transaction dated Wednesday, May 7th. The stock was sold at an average price of $45.08, for a total transaction 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 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 hyperlink. Corporate insiders own 20.56% of the company's stock.

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.