Bentley Systems, Incorporated $BSY Shares Acquired by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio boosted its holdings in Bentley Systems, Incorporated (NASDAQ:BSY) by 13.3% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 48,870 shares of the company’s stock after purchasing an additional 5,723 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Bentley Systems were worth $2,638,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in BSY. Covea Finance boosted its holdings in shares of Bentley Systems by 81.4% in the second quarter. Covea Finance now owns 67,100 shares of the company’s stock valued at $3,621,000 after acquiring an additional 30,100 shares during the period. Revisor Wealth Management LLC purchased a new stake in shares of Bentley Systems during the second quarter worth approximately $238,000. GAMMA Investing LLC raised its stake in shares of Bentley Systems by 114.5% during the second quarter. GAMMA Investing LLC now owns 1,053 shares of the company’s stock worth $57,000 after purchasing an additional 562 shares during the last quarter. Clear Harbor Asset Management LLC raised its stake in shares of Bentley Systems by 22.6% during the second quarter. Clear Harbor Asset Management LLC now owns 67,553 shares of the company’s stock worth $3,646,000 after purchasing an additional 12,438 shares during the last quarter. Finally, Park Avenue Securities LLC purchased a new stake in shares of Bentley Systems during the second quarter worth approximately $323,000. 44.16% of the stock is owned by institutional investors and hedge funds.

Bentley Systems Trading Up 1.7%

Bentley Systems stock opened at $52.34 on Thursday. The stock has a market cap of $15.29 billion, a PE ratio of 66.25, a P/E/G ratio of 4.15 and a beta of 1.07. The stock has a 50-day moving average price of $54.17 and a 200 day moving average price of $49.79. Bentley Systems, Incorporated has a 52 week low of $36.51 and a 52 week high of $59.25. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 1.07.

Bentley Systems (NASDAQ:BSY) last posted its quarterly earnings data on Wednesday, August 6th. The company reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.03. The firm had revenue of $364.11 million during the quarter, compared to analysts’ expectations of $363.51 million. Bentley Systems had a return on equity of 28.41% and a net margin of 17.91%.The firm’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.31 EPS. Equities research analysts predict that Bentley Systems, Incorporated will post 0.88 earnings per share for the current fiscal year.

Bentley Systems Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Tuesday, September 23rd were given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date was Tuesday, September 23rd. Bentley Systems’s dividend payout ratio (DPR) is currently 35.44%.

Insider Transactions at Bentley Systems

In related news, insider David R. Shaman sold 19,348 shares of Bentley Systems stock in a transaction dated Monday, July 14th. The stock was sold at an average price of $56.96, for a total transaction of $1,102,062.08. Following the completion of the sale, the insider owned 647,609 shares in the company, valued at approximately $36,887,808.64. This trade represents a 2.90% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Keith A. Bentley sold 150,000 shares of Bentley Systems stock in a transaction dated Monday, July 7th. The stock was sold at an average price of $55.54, for a total value of $8,331,000.00. Following the sale, the director owned 3,859,327 shares of the company’s stock, valued at approximately $214,347,021.58. This represents a 3.74% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 170,713 shares of company stock valued at $9,511,690. 20.56% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. UBS Group upped their price target on Bentley Systems from $53.00 to $60.00 and gave the stock a “neutral” rating in a research note on Thursday, August 7th. Piper Sandler increased their price objective on Bentley Systems from $57.00 to $63.00 and gave the stock an “overweight” rating in a research report on Thursday, August 7th. Wall Street Zen cut Bentley Systems from a “buy” rating to a “hold” rating in a research report on Wednesday, July 16th. Oppenheimer increased their price objective on Bentley Systems from $59.00 to $65.00 and gave the stock an “outperform” rating in a research report on Thursday, August 7th. Finally, KeyCorp increased their price objective on Bentley Systems from $56.00 to $59.00 and gave the stock an “overweight” rating in a research report on Monday, July 7th. Six investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $56.60.

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.