Nissay Asset Management Corp Japan ADV Boosts Holdings in Bentley Systems, Incorporated (NASDAQ:BSY)

Nissay Asset Management Corp Japan ADV raised its stake in Bentley Systems, Incorporated (NASDAQ:BSY - Free Report) by 8.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 68,158 shares of the company's stock after acquiring an additional 5,586 shares during the quarter. Nissay Asset Management Corp Japan ADV's holdings in Bentley Systems were worth $3,243,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in BSY. Intech Investment Management LLC increased its stake in Bentley Systems by 3.6% in the fourth quarter. Intech Investment Management LLC now owns 7,283 shares of the company's stock valued at $340,000 after purchasing an additional 254 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in Bentley Systems by 3.3% in the fourth quarter. EverSource Wealth Advisors LLC now owns 10,035 shares of the company's stock valued at $469,000 after purchasing an additional 317 shares during the last quarter. Prudential PLC increased its stake in Bentley Systems by 0.6% in the fourth quarter. Prudential PLC now owns 63,008 shares of the company's stock valued at $2,942,000 after purchasing an additional 371 shares during the last quarter. Private Trust Co. NA increased its stake in Bentley Systems by 61.1% in the fourth quarter. Private Trust Co. NA now owns 997 shares of the company's stock valued at $47,000 after purchasing an additional 378 shares during the last quarter. Finally, Venturi Wealth Management LLC increased its stake in Bentley Systems by 4.3% in the fourth quarter. Venturi Wealth Management LLC now owns 9,123 shares of the company's stock valued at $426,000 after purchasing an additional 380 shares during the last quarter. Hedge funds and other institutional investors own 44.16% of the company's stock.

Bentley Systems Trading Down 0.1%

Shares of BSY traded down $0.04 during trading hours on Tuesday, hitting $48.06. 1,410,310 shares of the stock were exchanged, compared to its average volume of 1,217,151. 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 business has a 50-day moving average of $42.91 and a 200-day moving average of $45.50. The firm has a market capitalization of $14.03 billion, a P/E ratio of 43.30, a price-to-earnings-growth ratio of 3.52 and a beta of 1.05.

Bentley Systems (NASDAQ:BSY - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The company reported $0.35 earnings per share 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 company had revenue of $370.54 million for the quarter, compared to analyst estimates of $366.76 million. During the same period last year, the firm earned $0.31 earnings per share. The firm's revenue was up 9.7% on a year-over-year basis. On average, research analysts expect that Bentley Systems, Incorporated will post 0.88 EPS for the current year.

Bentley Systems Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Wednesday, March 19th were issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 0.58%. The ex-dividend date of this dividend was Wednesday, March 19th. This is a positive change from Bentley Systems's previous quarterly dividend of $0.06. Bentley Systems's dividend payout ratio is 35.44%.

Analyst Ratings Changes

Several equities analysts recently commented on the company. UBS Group upped their target price on Bentley Systems from $48.00 to $53.00 and gave the company a "neutral" rating in a research note on Thursday, May 8th. KeyCorp boosted their price target on Bentley Systems from $54.00 to $56.00 and gave the company an "overweight" rating in a research report on Thursday, May 8th. Robert W. Baird lowered their price target on Bentley Systems from $60.00 to $59.00 and set an "outperform" rating for the company in a research report on Thursday, February 27th. Rosenblatt Securities lowered 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. Finally, The Goldman Sachs Group downgraded Bentley Systems from a "neutral" rating to a "sell" rating and lowered their price target for the company from $51.00 to $42.00 in a research report on Friday, February 28th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $52.00.

Insider Buying and Selling

In other Bentley Systems news, CRO Brock Ballard sold 12,363 shares of the business's stock in a transaction that occurred 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 $3,068,325.12. The trade was a 15.37% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 20.56% of the stock is currently owned by insiders.

Bentley Systems Company 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.