International Assets Investment Management LLC Makes New Investment in Bentley Systems, Incorporated (NASDAQ:BSY)

International Assets Investment Management LLC purchased a new position in Bentley Systems, Incorporated (NASDAQ:BSY - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 122,310 shares of the company's stock, valued at approximately $6,382,000.

Other institutional investors also recently added to or reduced their stakes in the company. Asset Management One Co. Ltd. increased its position in Bentley Systems by 8.6% during the 4th quarter. Asset Management One Co. Ltd. now owns 83,308 shares of the company's stock valued at $4,393,000 after purchasing an additional 6,601 shares during the period. Private Trust Co. NA increased its position in Bentley Systems by 87.3% during the 4th quarter. Private Trust Co. NA now owns 545 shares of the company's stock valued at $28,000 after purchasing an additional 254 shares during the period. Arizona State Retirement System increased its position in Bentley Systems by 1.3% during the 4th quarter. Arizona State Retirement System now owns 58,410 shares of the company's stock valued at $3,048,000 after purchasing an additional 755 shares during the period. Fifth Third Bancorp increased its position in Bentley Systems by 97.4% during the 4th quarter. Fifth Third Bancorp now owns 752 shares of the company's stock valued at $39,000 after purchasing an additional 371 shares during the period. Finally, Global Retirement Partners LLC boosted its holdings in shares of Bentley Systems by 439.4% in the 4th quarter. Global Retirement Partners LLC now owns 1,505 shares of the company's stock valued at $73,000 after buying an additional 1,226 shares in the last quarter. Hedge funds and other institutional investors own 44.16% of the company's stock.

Bentley Systems Stock Performance

NASDAQ BSY traded down $0.62 on Monday, hitting $47.55. 974,399 shares of the company's stock traded hands, compared to its average volume of 1,070,481. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 1.72. Bentley Systems, Incorporated has a 1-year low of $40.89 and a 1-year high of $55.37. The firm's 50-day moving average price is $50.64 and its two-hundred day moving average price is $50.79. The firm has a market capitalization of $13.59 billion, a PE ratio of 48.03, a P/E/G ratio of 4.91 and a beta of 1.10.

Bentley Systems (NASDAQ:BSY - Get Free Report) last announced its quarterly earnings data on Tuesday, February 27th. The company reported $0.18 EPS for the quarter, meeting the consensus estimate of $0.18. Bentley Systems had a net margin of 26.60% and a return on equity of 33.87%. The business had revenue of $310.64 million during the quarter, compared to analysts' expectations of $313.67 million. During the same period in the previous year, the business posted $0.13 EPS. The business's quarterly revenue was up 8.3% compared to the same quarter last year. As a group, analysts expect that Bentley Systems, Incorporated will post 0.82 EPS for the current year.

Bentley Systems Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Wednesday, March 20th were paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.50%. This is a boost from Bentley Systems's previous quarterly dividend of $0.05. The ex-dividend date was Tuesday, March 19th. Bentley Systems's payout ratio is presently 24.24%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on BSY shares. Robert W. Baird raised their price target on shares of Bentley Systems from $58.00 to $59.00 and gave the company an "outperform" rating in a report on Tuesday, February 6th. Piper Sandler restated an "overweight" rating and issued a $60.00 price target on shares of Bentley Systems in a report on Wednesday, February 28th. Royal Bank of Canada restated an "outperform" rating and issued a $61.00 price target on shares of Bentley Systems in a report on Wednesday, February 28th. William Blair started coverage on shares of Bentley Systems in a report on Thursday, March 28th. They issued an "outperform" rating on the stock. Finally, Rosenblatt Securities upgraded shares of Bentley Systems from a "neutral" rating to a "buy" rating and raised their price target for the company from $54.00 to $60.00 in a report on Monday, February 26th. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $58.44.

Insider Buying and Selling at Bentley Systems

In other news, Director Keith A. Bentley sold 88,925 shares of Bentley Systems stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $49.48, for a total transaction of $4,400,009.00. Following the completion of the transaction, the director now directly owns 17,164,179 shares of the company's stock, valued at approximately $849,283,576.92. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 22.53% 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.