Bentley Systems, Incorporated $BSY Shares Sold by BI Asset Management Fondsmaeglerselskab A S

BI Asset Management Fondsmaeglerselskab A S reduced its holdings in Bentley Systems, Incorporated (NASDAQ:BSY) by 68.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 13,328 shares of the company’s stock after selling 28,277 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in Bentley Systems were worth $509,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Geneos Wealth Management Inc. grew its holdings in Bentley Systems by 1,529.3% in the first quarter. Geneos Wealth Management Inc. now owns 668 shares of the company’s stock valued at $26,000 after purchasing an additional 627 shares during the period. Pekao Towarzystwo Funduszy Inwestycyjnych S.A. acquired a new stake in Bentley Systems in the fourth quarter valued at approximately $34,000. National Pension Service grew its holdings in Bentley Systems by 63.0% in the fourth quarter. National Pension Service now owns 880 shares of the company’s stock valued at $34,000 after purchasing an additional 340 shares during the period. Global Retirement Partners LLC grew its holdings in Bentley Systems by 63.7% in the fourth quarter. Global Retirement Partners LLC now owns 889 shares of the company’s stock valued at $34,000 after purchasing an additional 346 shares during the period. Finally, Caitong International Asset Management Co. Ltd acquired a new stake in Bentley Systems in the third quarter valued at approximately $37,000. 44.16% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

BSY has been the topic of several research analyst reports. Piper Sandler raised Bentley Systems from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $42.00 to $45.00 in a report on Friday, May 8th. Weiss Ratings lowered Bentley Systems from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, April 15th. Mizuho dropped their price objective on Bentley Systems from $50.00 to $45.00 and set an “outperform” rating on the stock in a report on Friday, May 8th. Barclays lowered their price target on Bentley Systems from $49.00 to $40.00 and set an “equal weight” rating on the stock in a research note on Friday, May 29th. Finally, BMO Capital Markets reaffirmed an “outperform” rating on shares of Bentley Systems in a research note on Monday, March 2nd. Nine analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $47.00.

Bentley Systems Stock Performance

Shares of Bentley Systems stock opened at $32.45 on Thursday. Bentley Systems, Incorporated has a one year low of $30.52 and a one year high of $59.25. The company has a market cap of $9.48 billion, a price-to-earnings ratio of 36.88, a PEG ratio of 2.15 and a beta of 1.00. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.51 and a current ratio of 0.51. The business’s 50 day moving average price is $33.34 and its 200 day moving average price is $36.36.

Bentley Systems (NASDAQ:BSY) last announced its quarterly earnings data on Thursday, May 7th. The company reported $0.38 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.02. Bentley Systems had a return on equity of 28.65% and a net margin of 18.12%.The firm had revenue of $424.18 million for the quarter, compared to the consensus estimate of $419.80 million. During the same quarter last year, the business posted $0.35 earnings per share. The firm’s revenue was up 14.5% compared to the same quarter last year. On average, research analysts predict that Bentley Systems, Incorporated will post 1.19 EPS for the current year.

Bentley Systems Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 11th. Investors of record on Tuesday, June 2nd will be given a dividend of $0.07 per share. The ex-dividend date is Tuesday, June 2nd. This represents a $0.28 dividend on an annualized basis and a yield of 0.9%. Bentley Systems’s dividend payout ratio (DPR) is presently 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.