Lighthouse Investment Partners LLC Purchases Shares of 111,168 Bentley Systems, Incorporated (NASDAQ:BSY)

Lighthouse Investment Partners LLC acquired a new position in Bentley Systems, Incorporated (NASDAQ:BSY - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 111,168 shares of the company's stock, valued at approximately $5,192,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Janus Henderson Group PLC lifted its holdings in shares of Bentley Systems by 16.8% during the fourth quarter. Janus Henderson Group PLC now owns 209,917 shares of the company's stock worth $9,803,000 after purchasing an additional 30,123 shares during the period. Eisler Capital Management Ltd. acquired a new stake in Bentley Systems during the 4th quarter valued at approximately $419,000. FORA Capital LLC acquired a new stake in shares of Bentley Systems in the fourth quarter worth $647,000. D. E. Shaw & Co. Inc. raised its holdings in shares of Bentley Systems by 27.0% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 403,130 shares of the company's stock worth $18,826,000 after purchasing an additional 85,720 shares during the last quarter. Finally, Crestline Management LP purchased a new position in shares of Bentley Systems during the fourth quarter worth $211,000. 44.16% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Bentley Systems

In other Bentley Systems news, CRO Brock Ballard sold 12,363 shares of the firm's 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 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 20.56% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on BSY shares. KeyCorp raised their price objective on shares of Bentley Systems from $54.00 to $56.00 and gave the stock an "overweight" rating in a research note on Thursday, May 8th. Mizuho cut their price objective on shares of Bentley Systems from $60.00 to $50.00 and set an "outperform" rating for the company in a report on Tuesday, April 15th. Royal Bank of Canada increased their target price on shares of Bentley Systems from $53.00 to $55.00 and gave the stock an "outperform" rating in a research note on Thursday, May 8th. Oppenheimer upped 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. Finally, Rosenblatt Securities lowered their price target on Bentley Systems from $62.00 to $53.00 and set a "buy" rating on the stock in a research report on Monday, May 5th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $52.00.

Bentley Systems Stock Performance

Shares of NASDAQ:BSY traded down $0.26 during trading on Friday, reaching $47.97. The company had a trading volume of 1,010,692 shares, compared to its average volume of 1,212,771. Bentley Systems, Incorporated has a fifty-two week low of $36.51 and a fifty-two week high of $57.19. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.52 and a quick ratio of 0.52. The stock's fifty day moving average price is $42.63 and its 200 day moving average price is $45.56. The firm has a market capitalization of $14.00 billion, a price-to-earnings ratio of 43.22, a price-to-earnings-growth ratio of 3.52 and a beta of 1.05.

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

Bentley Systems Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Wednesday, March 19th were given a $0.07 dividend. The ex-dividend date was Wednesday, March 19th. This represents a $0.28 dividend on an annualized basis and a yield of 0.58%. This is an increase from Bentley Systems's previous quarterly dividend of $0.06. Bentley Systems's dividend payout ratio (DPR) is presently 35.44%.

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.