Lighthouse Investment Partners LLC Makes New Investment in Bentley Systems, Incorporated (NASDAQ:BSY)

Lighthouse Investment Partners LLC acquired a new stake in Bentley Systems, Incorporated (NASDAQ:BSY - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 111,168 shares of the company's stock, valued at approximately $5,192,000.

Other large investors also recently added to or reduced their stakes in the company. Private Trust Co. NA boosted its position in Bentley Systems by 61.1% in 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 during the period. Tobam purchased a new stake in Bentley Systems in the 4th quarter valued at about $55,000. Atala Financial Inc purchased a new stake in Bentley Systems in the 4th quarter valued at about $55,000. Tortoise Investment Management LLC boosted its position in Bentley Systems by 76.9% in the 4th quarter. Tortoise Investment Management LLC now owns 1,675 shares of the company's stock valued at $78,000 after buying an additional 728 shares during the period. Finally, CIBC Private Wealth Group LLC boosted its position in Bentley Systems by 42.0% in the 4th quarter. CIBC Private Wealth Group LLC now owns 1,673 shares of the company's stock valued at $78,000 after buying an additional 495 shares during the period. 44.16% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

BSY has been the subject of several research reports. Royal Bank of Canada boosted their price objective on shares of Bentley Systems from $53.00 to $55.00 and gave the company an "outperform" rating in a research report on Thursday, May 8th. The Goldman Sachs Group cut shares of Bentley Systems from a "neutral" rating to a "sell" rating and lowered their price objective for the company from $51.00 to $42.00 in a research report on Friday, February 28th. JPMorgan Chase & Co. lowered their price target on shares of Bentley Systems from $52.00 to $45.00 and set a "neutral" rating for the company in a research report on Wednesday, April 9th. Robert W. Baird lowered their price target on shares of Bentley Systems from $60.00 to $59.00 and set an "outperform" rating for the company in a research report on Thursday, February 27th. Finally, 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. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $52.00.

Insider Buying and Selling

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 shares were sold at an average price of $45.08, for a total value of $557,324.04. Following the completion of the transaction, 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 filing with the SEC, which is accessible through the SEC website. 20.56% of the stock is currently owned by company insiders.

Bentley Systems Stock Down 0.5%

Shares of NASDAQ BSY traded down $0.26 during trading hours on Friday, hitting $47.97. 1,010,692 shares of the stock were exchanged, compared to its average volume of 1,215,072. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 1.37. The company has a market cap of $14.00 billion, a PE ratio of 43.22, a PEG ratio of 3.52 and a beta of 1.05. The firm has a fifty day moving average price of $42.76 and a 200-day moving average price of $45.50. Bentley Systems, Incorporated has a 12 month low of $36.51 and a 12 month high of $57.19.

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. The firm had revenue of $370.54 million during the quarter, compared to analyst estimates of $366.76 million. Bentley Systems had a net margin of 27.73% and a return on equity of 29.50%. Bentley Systems's revenue was up 9.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.31 EPS. On average, sell-side analysts expect 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 paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 0.58%. The ex-dividend date was Wednesday, March 19th. This is a positive change from Bentley Systems's previous quarterly dividend of $0.06. Bentley Systems's payout ratio is 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.