Occudo Quantitative Strategies LP Takes $1.33 Million Position in Bentley Systems, Incorporated (NASDAQ:BSY)

Occudo Quantitative Strategies LP bought a new stake in Bentley Systems, Incorporated (NASDAQ:BSY - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 28,545 shares of the company's stock, valued at approximately $1,333,000.

A number of other large investors have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. increased its stake in shares of Bentley Systems by 1.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,052,704 shares of the company's stock worth $49,161,000 after buying an additional 15,372 shares during the period. Proficio Capital Partners LLC acquired a new position in shares of Bentley Systems in the 4th quarter valued at about $809,000. Principal Financial Group Inc. raised its stake in shares of Bentley Systems by 20.5% in the 3rd quarter. Principal Financial Group Inc. now owns 204,612 shares of the company's stock valued at $10,396,000 after acquiring an additional 34,871 shares during the period. Bank of New York Mellon Corp grew its holdings in Bentley Systems by 10.2% during the 4th quarter. Bank of New York Mellon Corp now owns 1,053,762 shares of the company's stock valued at $49,211,000 after purchasing an additional 97,950 shares in the last quarter. Finally, Fiera Capital Corp grew its holdings in Bentley Systems by 13.2% during the 4th quarter. Fiera Capital Corp now owns 953,246 shares of the company's stock worth $44,517,000 after acquiring an additional 111,433 shares in the last quarter. Hedge funds and other institutional investors own 44.16% of the company's stock.

Insider Activity at Bentley Systems

In related news, CRO Brock Ballard sold 12,363 shares of the business's stock in a transaction dated Wednesday, May 7th. The stock was sold at an average price of $45.08, for a total value of $557,324.04. Following the sale, the executive now directly owns 68,064 shares in the company, valued at approximately $3,068,325.12. The trade was a 15.37% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 20.56% of the stock is owned by company insiders.

Bentley Systems Trading Down 0.2%

NASDAQ BSY traded down $0.09 during trading on Monday, reaching $47.89. 206,250 shares of the stock traded hands, compared to its average volume of 1,211,199. The firm has a market cap of $13.97 billion, a price-to-earnings ratio of 43.12, a price-to-earnings-growth ratio of 3.52 and a beta of 1.05. The stock's 50-day moving average price is $42.76 and its 200 day moving average price is $45.50. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 1.37. Bentley Systems, Incorporated has a fifty-two week low of $36.51 and a fifty-two week high of $57.19.

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

Bentley Systems Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Wednesday, March 19th were issued a $0.07 dividend. 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 (DPR) is 35.44%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Robert W. Baird reduced their target price on shares of Bentley Systems from $60.00 to $59.00 and set an "outperform" rating for the company in a research note on Thursday, February 27th. Mizuho cut their price objective on Bentley Systems from $60.00 to $50.00 and set an "outperform" rating for the company in a report on Tuesday, April 15th. Oppenheimer upped their price objective on shares of Bentley Systems from $49.00 to $50.00 and gave the company an "outperform" rating in a research note on Thursday, May 8th. UBS Group increased their price target on shares of Bentley Systems from $48.00 to $53.00 and gave the stock a "neutral" rating in a research note on Thursday, May 8th. Finally, Royal Bank of Canada raised their target price on shares of Bentley Systems from $53.00 to $55.00 and gave the company an "outperform" rating in a research note on Thursday, May 8th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat, Bentley Systems presently has an average rating of "Moderate Buy" and an average price target of $52.00.

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.