2,554 Shares in Bentley Systems, Incorporated (NASDAQ:BSY) Bought by Hantz Financial Services Inc.

Hantz Financial Services Inc. bought a new stake in Bentley Systems, Incorporated (NASDAQ:BSY) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 2,554 shares of the company’s stock, valued at approximately $126,000.

A number of other large investors have also added to or reduced their stakes in BSY. Swedbank AB lifted its holdings in shares of Bentley Systems by 514.5% during the 2nd quarter. Swedbank AB now owns 4,134,295 shares of the company’s stock valued at $204,069,000 after purchasing an additional 3,461,500 shares during the last quarter. Vanguard Group Inc. raised its stake in Bentley Systems by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 22,117,534 shares of the company’s stock valued at $1,154,093,000 after buying an additional 355,092 shares during the last quarter. Norges Bank acquired a new stake in Bentley Systems in the fourth quarter worth about $16,424,000. Janus Henderson Group PLC grew its stake in shares of Bentley Systems by 2,250.3% during the first quarter. Janus Henderson Group PLC now owns 211,711 shares of the company’s stock worth $11,055,000 after acquiring an additional 202,703 shares during the last quarter. Finally, International Assets Investment Management LLC acquired a new position in shares of Bentley Systems during the fourth quarter valued at about $6,382,000. 44.16% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently commented on the stock. Piper Sandler reiterated an “overweight” rating and issued a $63.00 target price on shares of Bentley Systems in a research note on Wednesday, August 7th. Mizuho boosted their price objective on shares of Bentley Systems from $57.00 to $60.00 and gave the company a “buy” rating in a report on Wednesday, May 8th. The Goldman Sachs Group reduced their target price on Bentley Systems from $57.00 to $50.00 and set a “neutral” rating for the company in a research note on Wednesday, August 7th. Royal Bank of Canada reiterated an “outperform” rating and set a $61.00 price target on shares of Bentley Systems in a research note on Wednesday, August 7th. Finally, Rosenblatt Securities restated a “buy” rating and issued a $62.00 price objective on shares of Bentley Systems in a research note on Wednesday, August 7th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $59.57.

Bentley Systems Stock Performance

Shares of BSY stock opened at $51.47 on Tuesday. Bentley Systems, Incorporated has a 52-week low of $43.82 and a 52-week high of $57.19. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 1.36. The stock has a market cap of $14.96 billion, a PE ratio of 48.10, a price-to-earnings-growth ratio of 4.30 and a beta of 1.03. The business has a 50-day simple moving average of $49.23 and a 200-day simple moving average of $50.79.

Bentley Systems (NASDAQ:BSY) last announced its quarterly earnings results on Tuesday, August 6th. The company reported $0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.08. The company had revenue of $330.34 million during the quarter, compared to the consensus estimate of $325.20 million. Bentley Systems had a return on equity of 31.71% and a net margin of 29.17%. Bentley Systems’s revenue for the quarter was up 11.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.20 earnings per share. On average, equities analysts expect that Bentley Systems, Incorporated will post 0.9 EPS for the current year.

Bentley Systems Company Profile

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.