Public Employees Retirement Association of Colorado Boosts Stock Position in Bentley Systems, Incorporated (NASDAQ:BSY)

Public Employees Retirement Association of Colorado increased its stake in Bentley Systems, Incorporated (NASDAQ:BSYFree Report) by 227.4% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 23,912 shares of the company’s stock after purchasing an additional 16,609 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in Bentley Systems were worth $1,248,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Private Trust Co. NA increased its position in shares of Bentley Systems by 87.3% during the fourth quarter. Private Trust Co. NA now owns 545 shares of the company’s stock valued at $28,000 after buying an additional 254 shares during the period. MJP Associates Inc. ADV lifted its stake in Bentley Systems by 3.9% in the 4th quarter. MJP Associates Inc. ADV now owns 7,346 shares of the company’s stock worth $383,000 after purchasing an additional 277 shares in the last quarter. Portside Wealth Group LLC boosted its holdings in Bentley Systems by 2.8% in the 4th quarter. Portside Wealth Group LLC now owns 11,412 shares of the company’s stock valued at $595,000 after purchasing an additional 308 shares during the period. Dfpg Investments LLC grew its position in shares of Bentley Systems by 2.0% during the 4th quarter. Dfpg Investments LLC now owns 17,821 shares of the company’s stock valued at $930,000 after purchasing an additional 341 shares in the last quarter. Finally, Fifth Third Bancorp increased its holdings in shares of Bentley Systems by 97.4% in the fourth quarter. Fifth Third Bancorp now owns 752 shares of the company’s stock worth $39,000 after purchasing an additional 371 shares during the period. 44.16% of the stock is currently owned by institutional investors.

Bentley Systems Trading Down 3.7 %

Shares of BSY opened at $48.95 on Tuesday. Bentley Systems, Incorporated has a fifty-two week low of $44.76 and a fifty-two week high of $57.19. The firm has a market cap of $14.12 billion, a price-to-earnings ratio of 45.75, a PEG ratio of 4.49 and a beta of 1.04. The firm has a 50 day moving average price of $52.29 and a 200-day moving average price of $51.30. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.57 and a current ratio of 0.57.

Bentley Systems (NASDAQ:BSYGet Free Report) last posted its quarterly earnings results on Tuesday, May 7th. The company reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.04. Bentley Systems had a net margin of 28.09% and a return on equity of 32.62%. The business had revenue of $337.76 million during the quarter, compared to the consensus estimate of $335.00 million. As a group, equities research analysts forecast that Bentley Systems, Incorporated will post 0.85 earnings per share for the current year.

Bentley Systems Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 13th. Investors of record on Tuesday, June 4th will be given a dividend of $0.06 per share. The ex-dividend date of this dividend is Tuesday, June 4th. This represents a $0.24 annualized dividend and a yield of 0.49%. Bentley Systems’s payout ratio is 22.43%.

Insiders Place Their Bets

In other news, Director Keith A. Bentley sold 17,021 shares of the stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $55.00, for a total transaction of $936,155.00. Following the completion of the sale, the director now owns 17,150,752 shares of the company’s stock, valued at $943,291,360. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, Director Keith A. Bentley sold 59,420 shares of the business’s stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $55.01, for a total transaction of $3,268,694.20. Following the transaction, the director now owns 16,972,383 shares in the company, valued at approximately $933,650,788.83. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Keith A. Bentley sold 17,021 shares of the company’s stock in a transaction that occurred on Tuesday, April 23rd. The shares were 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 disclosure for this sale can be found here. Insiders have sold 195,390 shares of company stock valued at $10,748,234 in the last ninety days. Company insiders own 21.12% of the company’s stock.

Analysts Set New Price Targets

BSY has been the subject of several recent analyst reports. Mizuho boosted their target price on Bentley Systems from $57.00 to $60.00 and gave the stock a “buy” rating in a research report on Wednesday, May 8th. Piper Sandler restated an “overweight” rating and issued a $63.00 price objective (up from $60.00) on shares of Bentley Systems in a research report on Wednesday, May 8th. William Blair started coverage on shares of Bentley Systems in a research report on Thursday, March 28th. They set an “outperform” rating for the company. Royal Bank of Canada reissued an “outperform” rating and issued a $61.00 price target on shares of Bentley Systems in a report on Wednesday, February 28th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $60.00 price objective on shares of Bentley Systems in a report on Tuesday, April 30th. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $61.29.

View Our Latest Stock Analysis on BSY

Bentley Systems Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Bentley Systems (NASDAQ:BSY)

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