Sherbrooke Park Advisers LLC Invests $545,000 in Bentley Systems, Incorporated (NASDAQ:BSY)

Sherbrooke Park Advisers LLC purchased 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 and Exchange Commission. The institutional investor purchased 11,661 shares of the company's stock, valued at approximately $545,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Private Trust Co. NA grew its stake 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 last quarter. Tobam bought a new stake in Bentley Systems in the 4th quarter valued at about $55,000. Atala Financial Inc bought a new stake in Bentley Systems in the 4th quarter valued at about $55,000. CIBC Private Wealth Group LLC boosted its holdings 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 purchasing an additional 495 shares during the period. Finally, Tortoise Investment Management LLC boosted its holdings 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 purchasing an additional 728 shares during the period. Institutional investors and hedge funds own 44.16% of the company's stock.

Bentley Systems Trading Down 0.1%

Shares of Bentley Systems stock traded down $0.04 on Tuesday, hitting $48.06. The stock had a trading volume of 1,410,310 shares, compared to its average volume of 1,217,151. The stock has a 50 day moving average of $42.91 and a 200 day moving average of $45.50. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.52 and a current ratio of 0.52. Bentley Systems, Incorporated has a twelve month low of $36.51 and a twelve month high of $57.19. The firm has a market capitalization of $14.03 billion, a P/E ratio of 43.30, a PEG ratio of 3.52 and a beta of 1.05.

Bentley Systems (NASDAQ:BSY - Get Free Report) last issued its quarterly earnings results 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 for 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% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.31 earnings per share. Sell-side analysts expect that Bentley Systems, Incorporated will post 0.88 earnings per share for the current fiscal 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 given a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 0.58%. This is a positive change from Bentley Systems's previous quarterly dividend of $0.06. The ex-dividend date was Wednesday, March 19th. Bentley Systems's payout ratio is presently 35.44%.

Analyst Ratings Changes

A number of research analysts recently commented on BSY shares. UBS Group raised their price target on Bentley Systems from $48.00 to $53.00 and gave the stock a "neutral" rating in a research report on Thursday, May 8th. JPMorgan Chase & Co. cut their price target on shares of Bentley Systems from $52.00 to $45.00 and set a "neutral" rating for the company in a report on Wednesday, April 9th. Oppenheimer lifted 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. KeyCorp upped their target price on Bentley Systems from $54.00 to $56.00 and gave the stock an "overweight" rating in a research note on Thursday, May 8th. Finally, Rosenblatt Securities cut their target price on Bentley Systems from $62.00 to $53.00 and set a "buy" rating for the company in a research note on Monday, May 5th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $52.00.

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 completion of the sale, the executive now directly 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 sale was disclosed in a filing with the SEC, which is available at the SEC website. 20.56% of the stock is currently owned by corporate insiders.

About Bentley Systems

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.