Hsbc Holdings PLC Has $5.33 Million Position in Bentley Systems, Incorporated $BSY

Hsbc Holdings PLC boosted its holdings in shares of Bentley Systems, Incorporated (NASDAQ:BSY) by 104.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 139,008 shares of the company’s stock after acquiring an additional 71,128 shares during the quarter. Hsbc Holdings PLC’s holdings in Bentley Systems were worth $5,325,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in BSY. Swedbank AB increased its stake in shares of Bentley Systems by 18.5% during the 4th quarter. Swedbank AB now owns 8,589,201 shares of the company’s stock worth $327,807,000 after purchasing an additional 1,338,706 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Bentley Systems by 6.6% in the 4th quarter. Geode Capital Management LLC now owns 3,468,512 shares of the company’s stock valued at $132,060,000 after purchasing an additional 216,257 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Bentley Systems by 8.9% in the 4th quarter. Bank of New York Mellon Corp now owns 3,185,756 shares of the company’s stock valued at $121,584,000 after purchasing an additional 259,780 shares during the last quarter. William Blair Investment Management LLC bought a new stake in Bentley Systems in the third quarter worth $150,903,000. Finally, Impax Asset Management Group plc boosted its holdings in Bentley Systems by 12.1% in the fourth quarter. Impax Asset Management Group plc now owns 2,178,670 shares of the company’s stock worth $83,149,000 after purchasing an additional 234,998 shares in the last quarter. 44.16% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Bank of America initiated coverage on Bentley Systems in a report on Tuesday, May 12th. They set a “buy” rating and a $40.00 target price on the stock. Piper Sandler raised Bentley Systems from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $42.00 to $45.00 in a report on Friday, May 8th. UBS Group cut their price objective on Bentley Systems from $43.00 to $40.00 and set a “neutral” rating on the stock in a research note on Monday, May 4th. Weiss Ratings lowered Bentley Systems from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, April 15th. Finally, BNP Paribas Exane assumed coverage on Bentley Systems in a research report on Thursday, June 18th. They set an “outperform” rating and a $40.00 target price for the company. Ten analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $46.50.

Bentley Systems Price Performance

NASDAQ BSY opened at $30.00 on Friday. Bentley Systems, Incorporated has a twelve month low of $28.08 and a twelve month high of $59.25. 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 stock has a market capitalization of $8.77 billion, a PE ratio of 34.09, a P/E/G ratio of 1.93 and a beta of 1.00. The stock has a 50-day simple moving average of $32.28 and a 200 day simple moving average of $35.37.

Bentley Systems (NASDAQ:BSY) last released its earnings results on Thursday, May 7th. The company reported $0.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.02. The firm had revenue of $424.18 million for the quarter, compared to analyst estimates of $419.80 million. Bentley Systems had a return on equity of 28.65% and a net margin of 18.12%.The company’s revenue was up 14.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.35 EPS. Research analysts anticipate that Bentley Systems, Incorporated will post 1.2 EPS for the current year.

Bentley Systems Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 11th. Stockholders of record on Tuesday, June 2nd were paid a $0.07 dividend. The ex-dividend date was Tuesday, June 2nd. This represents a $0.28 annualized dividend and a dividend 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.