International Assets Investment Management LLC Makes New $6.38 Million Investment in Bentley Systems, Incorporated (NASDAQ:BSY)

International Assets Investment Management LLC bought a new stake in Bentley Systems, Incorporated (NASDAQ:BSY) in the 4th quarter, HoldingsChannel.com reports. The firm bought 122,310 shares of the company’s stock, valued at approximately $6,382,000.

Several other large investors have also modified their holdings of BSY. Private Trust Co. NA raised its position in Bentley Systems by 87.3% during the 4th quarter. Private Trust Co. NA now owns 545 shares of the company’s stock worth $28,000 after buying an additional 254 shares during the last quarter. Fifth Third Bancorp grew its holdings in Bentley Systems by 97.4% in the fourth quarter. Fifth Third Bancorp now owns 752 shares of the company’s stock valued at $39,000 after purchasing an additional 371 shares during the last quarter. Global Retirement Partners LLC increased its position in shares of Bentley Systems by 439.4% in the fourth quarter. Global Retirement Partners LLC now owns 1,505 shares of the company’s stock valued at $73,000 after buying an additional 1,226 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in shares of Bentley Systems by 46.9% during the 3rd quarter. PNC Financial Services Group Inc. now owns 2,257 shares of the company’s stock worth $113,000 after buying an additional 721 shares during the last quarter. Finally, Signaturefd LLC lifted its holdings in shares of Bentley Systems by 134.3% in the third quarter. Signaturefd LLC now owns 3,163 shares of the company’s stock valued at $159,000 after purchasing an additional 1,813 shares in the last quarter. Institutional investors and hedge funds own 44.16% of the company’s stock.

Analyst Upgrades and Downgrades

BSY has been the topic of a number of analyst reports. Rosenblatt Securities reissued a “buy” rating and set a $60.00 price target on shares of Bentley Systems in a research report on Tuesday, April 30th. William Blair started coverage on shares of Bentley Systems in a research report on Thursday, March 28th. They issued an “outperform” rating for the company. Royal Bank of Canada reissued an “outperform” rating and issued a $61.00 price objective on shares of Bentley Systems in a research report on Wednesday, February 28th. Robert W. Baird boosted their price objective on shares of Bentley Systems from $58.00 to $59.00 and gave the company an “outperform” rating in a research report on Tuesday, February 6th. Finally, Piper Sandler reissued an “overweight” rating and issued a $60.00 price objective on shares of Bentley Systems in a research report on Wednesday, February 28th. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $58.44.

Bentley Systems Price Performance

BSY stock opened at $54.93 on Wednesday. The stock has a 50-day moving average price of $50.83 and a two-hundred day moving average price of $50.85. Bentley Systems, Incorporated has a 12-month low of $41.59 and a 12-month high of $55.37. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 1.72. The company has a market cap of $15.70 billion, a PE ratio of 55.48, a price-to-earnings-growth ratio of 5.36 and a beta of 1.08.

Bentley Systems (NASDAQ:BSY) last issued its earnings results on Tuesday, February 27th. The company reported $0.18 earnings per share for the quarter, hitting the consensus estimate of $0.18. Bentley Systems had a return on equity of 33.87% and a net margin of 26.60%. The company had revenue of $310.64 million during the quarter, compared to the consensus estimate of $313.67 million. During the same quarter in the prior year, the business earned $0.13 earnings per share. The company’s revenue was up 8.3% compared to the same quarter last year. As a group, research analysts predict that Bentley Systems, Incorporated will post 0.82 EPS for the current year.

Bentley Systems Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Wednesday, March 20th were given a $0.06 dividend. This is an increase from Bentley Systems’s previous quarterly dividend of $0.05. The ex-dividend date of this dividend was Tuesday, March 19th. This represents a $0.24 annualized dividend and a dividend yield of 0.44%. Bentley Systems’s dividend payout ratio is presently 24.24%.

Insider Transactions at Bentley Systems

In other news, Director Keith A. Bentley sold 88,925 shares of the company’s stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $49.48, for a total value of $4,400,009.00. Following the completion of the sale, the director now owns 17,164,179 shares of the company’s stock, valued at $849,283,576.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Bentley Systems news, Director Keith A. Bentley sold 17,021 shares of the company’s stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $55.00, for a total value of $936,155.00. Following the transaction, the director now directly owns 17,150,752 shares of the company’s stock, valued at approximately $943,291,360. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Keith A. Bentley sold 88,925 shares of the firm’s stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $49.48, for a total transaction of $4,400,009.00. Following the sale, the director now directly owns 17,164,179 shares of the company’s stock, valued at approximately $849,283,576.92. The disclosure for this sale can be found here. Company insiders own 21.12% of the company’s stock.

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.