Cetera Investment Advisers Buys 1,609 Shares of Bentley Systems, Incorporated (NASDAQ:BSY)

Cetera Investment Advisers increased its stake in Bentley Systems, Incorporated (NASDAQ:BSY) by 4.8% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 35,400 shares of the company’s stock after acquiring an additional 1,609 shares during the quarter. Cetera Investment Advisers’ holdings in Bentley Systems were worth $1,653,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the stock. Intech Investment Management LLC raised its stake in Bentley Systems by 3.6% in the 4th quarter. Intech Investment Management LLC now owns 7,283 shares of the company’s stock valued at $340,000 after acquiring an additional 254 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in shares of Bentley Systems by 3.3% in the fourth quarter. EverSource Wealth Advisors LLC now owns 10,035 shares of the company’s stock worth $469,000 after buying an additional 317 shares in the last quarter. Prudential PLC lifted its holdings in shares of Bentley Systems by 0.6% in the fourth quarter. Prudential PLC now owns 63,008 shares of the company’s stock worth $2,942,000 after buying an additional 371 shares in the last quarter. Private Trust Co. NA lifted its holdings in shares of Bentley Systems by 61.1% in the fourth quarter. Private Trust Co. NA now owns 997 shares of the company’s stock worth $47,000 after buying an additional 378 shares in the last quarter. Finally, Venturi Wealth Management LLC lifted its holdings in shares of Bentley Systems by 4.3% in the fourth quarter. Venturi Wealth Management LLC now owns 9,123 shares of the company’s stock worth $426,000 after buying an additional 380 shares in the last quarter. Institutional investors own 44.16% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on BSY. Royal Bank of Canada raised their target price on shares of Bentley Systems from $53.00 to $55.00 and gave the company an “outperform” rating in a research note on Thursday, May 8th. KeyCorp raised their target price on shares of Bentley Systems from $54.00 to $56.00 and gave the company an “overweight” rating in a research note on Thursday, May 8th. The Goldman Sachs Group cut shares of Bentley Systems from a “neutral” rating to a “sell” rating and reduced their price target for the company from $51.00 to $42.00 in a research report on Friday, February 28th. Mizuho reduced their price target on shares of Bentley Systems from $60.00 to $50.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 15th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Bentley Systems from $52.00 to $45.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 9th. One research analyst has rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $52.00.

Insider Transactions at Bentley Systems

In related news, CRO Brock Ballard sold 12,363 shares of the business’s stock in a transaction dated Wednesday, May 7th. The stock was sold at an average price of $45.08, for a total value of $557,324.04. Following the completion of the sale, the executive now directly owns 68,064 shares of the company’s stock, valued at $3,068,325.12. The trade was a 15.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 20.56% of the company’s stock.

Bentley Systems Trading Down 0.1%

BSY opened at $48.06 on Wednesday. Bentley Systems, Incorporated has a 12 month low of $36.51 and a 12 month high of $57.19. The stock has a market capitalization of $14.03 billion, a price-to-earnings ratio of 43.30, a PEG ratio of 3.52 and a beta of 1.05. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.52 and a quick ratio of 0.52. The business has a fifty day moving average price of $43.07 and a 200 day moving average price of $45.52.

Bentley Systems (NASDAQ:BSY) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.30 by $0.05. The firm had revenue of $370.54 million during the quarter, compared to the consensus estimate of $366.76 million. Bentley Systems had a return on equity of 29.50% and a net margin of 27.73%. The firm’s revenue was up 9.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.31 EPS. Sell-side analysts expect that Bentley Systems, Incorporated will post 0.88 earnings per share for the current fiscal year.

Bentley Systems Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Wednesday, March 19th were issued a dividend of $0.07 per share. This is a boost from Bentley Systems’s previous quarterly dividend of $0.06. The ex-dividend date was Wednesday, March 19th. This represents a $0.28 annualized dividend and a dividend yield of 0.58%. Bentley Systems’s dividend payout ratio (DPR) is 35.44%.

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.