37,268 Shares in Bentley Systems, Incorporated $BSY Acquired by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in shares of Bentley Systems, Incorporated (NASDAQ:BSY) in the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 37,268 shares of the company’s stock, valued at approximately $1,422,000.

A number of other institutional investors have also added to or reduced their stakes in the stock. Geneos Wealth Management Inc. increased its position in Bentley Systems by 1,529.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 668 shares of the company’s stock valued at $26,000 after acquiring an additional 627 shares during the period. Pekao Towarzystwo Funduszy Inwestycyjnych S.A. acquired a new position in Bentley Systems in the 4th quarter valued at approximately $34,000. National Pension Service increased its position in Bentley Systems by 63.0% in the 4th quarter. National Pension Service now owns 880 shares of the company’s stock valued at $34,000 after acquiring an additional 340 shares during the period. Global Retirement Partners LLC increased its position in Bentley Systems by 63.7% in the 4th quarter. Global Retirement Partners LLC now owns 889 shares of the company’s stock valued at $34,000 after acquiring an additional 346 shares during the period. Finally, Caitong International Asset Management Co. Ltd acquired a new position in Bentley Systems in the 3rd quarter valued at approximately $37,000. 44.16% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on BSY shares. Zacks Research cut shares of Bentley Systems from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 21st. Bank of America started coverage on shares of Bentley Systems in a research report on Tuesday, May 12th. They issued a “buy” rating and a $40.00 price target for the company. Rosenblatt Securities decreased their price target on shares of Bentley Systems from $58.00 to $50.00 and set a “buy” rating for the company in a research report on Tuesday, February 24th. UBS Group decreased their price target on shares of Bentley Systems from $43.00 to $40.00 and set a “neutral” rating for the company in a research report on Monday, May 4th. Finally, Mizuho decreased their price target on shares of Bentley Systems from $50.00 to $45.00 and set an “outperform” rating for the company in a research report on Friday, May 8th. Nine analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $47.00.

Bentley Systems Price Performance

Shares of NASDAQ BSY opened at $32.93 on Monday. The firm has a market cap of $9.62 billion, a PE ratio of 37.42, a P/E/G ratio of 2.13 and a beta of 1.00. Bentley Systems, Incorporated has a 12-month low of $30.52 and a 12-month high of $59.25. The company’s fifty day simple moving average is $33.48 and its 200 day simple moving average is $36.52. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.91.

Bentley Systems (NASDAQ:BSY) last issued its earnings results on Thursday, May 7th. The company reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.02. The business had revenue of $424.18 million for the quarter, compared to analyst estimates of $419.80 million. Bentley Systems had a net margin of 18.12% and a return on equity of 28.65%. Bentley Systems’s revenue was up 14.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.35 earnings per share. As a group, sell-side analysts forecast that Bentley Systems, Incorporated will post 1.19 earnings per share for the current fiscal year.

Bentley Systems Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 11th. Investors of record on Tuesday, June 2nd will be paid a dividend of $0.07 per share. The ex-dividend date of this dividend is Tuesday, June 2nd. This represents a $0.28 annualized dividend and a yield of 0.9%. Bentley Systems’s dividend payout ratio is currently 31.82%.

Bentley Systems Company Profile

Bentley Systems, Inc is a global software provider specializing in infrastructure engineering applications for the design, construction, and operations of roads, bridges, rail and transit systems, water and wastewater networks, power plants and grids, industrial facilities, and communications infrastructure. Founded in 1984 by brothers Keith and Barry Bentley, the company is headquartered in Exton, Pennsylvania, and maintains offices and development centers across North America, Europe, Asia, and Australia.