Bentley Systems, Incorporated (NASDAQ:BSY) Shares Bought by Voloridge Investment Management LLC

Voloridge Investment Management LLC lifted its stake in Bentley Systems, Incorporated (NASDAQ:BSY - Free Report) by 187.6% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 324,175 shares of the company's stock after buying an additional 211,476 shares during the quarter. Voloridge Investment Management LLC owned approximately 0.11% of Bentley Systems worth $15,139,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of BSY. Woodline Partners LP grew its holdings in shares of Bentley Systems by 10.9% in the fourth quarter. Woodline Partners LP now owns 435,267 shares of the company's stock worth $20,327,000 after purchasing an additional 42,931 shares during the last quarter. Vident Advisory LLC grew its holdings in shares of Bentley Systems by 30.0% in the fourth quarter. Vident Advisory LLC now owns 10,235 shares of the company's stock worth $478,000 after purchasing an additional 2,360 shares during the last quarter. Sone Capital Management LLC bought a new position in shares of Bentley Systems in the fourth quarter worth about $17,884,000. Squarepoint Ops LLC grew its holdings in shares of Bentley Systems by 68.1% in the fourth quarter. Squarepoint Ops LLC now owns 210,110 shares of the company's stock worth $9,812,000 after purchasing an additional 85,144 shares during the last quarter. Finally, Two Sigma Advisers LP bought a new position in shares of Bentley Systems in the fourth quarter worth about $243,000. Hedge funds and other institutional investors own 44.16% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on BSY shares. Mizuho lowered their price target 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. JPMorgan Chase & Co. dropped their price objective on shares of Bentley Systems from $52.00 to $45.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 9th. Wall Street Zen upgraded shares of Bentley Systems from a "hold" rating to a "buy" rating in a research note on Thursday, May 22nd. Robert W. Baird dropped their price objective on shares of Bentley Systems from $60.00 to $59.00 and set an "outperform" rating on the stock in a research note on Thursday, February 27th. Finally, The Goldman Sachs Group downgraded shares of Bentley Systems from a "neutral" rating to a "sell" rating and dropped their price objective for the company from $51.00 to $42.00 in a research note on Friday, February 28th. One analyst has rated the stock with a sell rating, two have issued a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat, Bentley Systems currently has an average rating of "Moderate Buy" and a consensus price target of $52.00.

Insider Transactions at Bentley Systems

In related news, CRO Brock Ballard sold 12,363 shares of the firm's stock in a transaction on Wednesday, May 7th. The shares were sold at an average price of $45.08, for a total transaction of $557,324.04. Following the completion of the transaction, the executive now owns 68,064 shares of the company's stock, valued at $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 SEC, which is available at this hyperlink. Insiders own 20.56% of the company's stock.

Bentley Systems Stock Up 1.9%

BSY traded up $0.92 during trading on Tuesday, hitting $48.34. The stock had a trading volume of 1,415,779 shares, compared to its average volume of 1,202,791. The company has a market capitalization of $14.11 billion, a PE ratio of 43.55, a PEG ratio of 3.52 and a beta of 1.05. Bentley Systems, Incorporated has a twelve month low of $36.51 and a twelve month high of $53.47. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.52 and a current ratio of 0.52. The stock has a 50 day simple moving average of $43.51 and a two-hundred day simple moving average of $45.43.

Bentley Systems (NASDAQ:BSY - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.30 by $0.05. Bentley Systems had a net margin of 27.73% and a return on equity of 29.50%. The business had revenue of $370.54 million during the quarter, compared to the consensus estimate of $366.76 million. During the same period in the previous year, the firm posted $0.31 earnings per share. The business's revenue for the quarter was up 9.7% compared to the same quarter last year. On average, research analysts predict that Bentley Systems, Incorporated will post 0.88 earnings per share for the current year.

Bentley Systems Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Tuesday, June 3rd will be paid a dividend of $0.07 per share. The ex-dividend date of this dividend is Tuesday, June 3rd. This represents a $0.28 annualized dividend and a dividend yield of 0.58%. Bentley Systems's 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.