Asset Management One Co. Ltd. Trims Stake in Bentley Systems, Incorporated $BSY

Asset Management One Co. Ltd. decreased its position in shares of Bentley Systems, Incorporated (NASDAQ:BSY) by 7.1% during the second quarter, according to its most recent filing with the SEC. The firm owned 56,668 shares of the company’s stock after selling 4,322 shares during the period. Asset Management One Co. Ltd.’s holdings in Bentley Systems were worth $3,058,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Geneos Wealth Management Inc. grew its stake in shares of Bentley Systems by 1,529.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 668 shares of the company’s stock worth $26,000 after buying an additional 627 shares during the last quarter. Twin Tree Management LP grew its stake in shares of Bentley Systems by 361.9% in the 1st quarter. Twin Tree Management LP now owns 739 shares of the company’s stock worth $29,000 after buying an additional 579 shares during the last quarter. Larson Financial Group LLC grew its stake in shares of Bentley Systems by 1,707.1% in the 1st quarter. Larson Financial Group LLC now owns 759 shares of the company’s stock worth $30,000 after buying an additional 717 shares during the last quarter. HM Payson & Co. purchased a new stake in shares of Bentley Systems in the 1st quarter worth approximately $45,000. Finally, Whittier Trust Co. grew its stake in shares of Bentley Systems by 237.4% in the 2nd quarter. Whittier Trust Co. now owns 830 shares of the company’s stock worth $45,000 after buying an additional 584 shares during the last quarter. Hedge funds and other institutional investors own 44.16% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on BSY shares. Wall Street Zen downgraded Bentley Systems from a “buy” rating to a “hold” rating in a research note on Wednesday, July 16th. Oppenheimer upped their price target on Bentley Systems from $59.00 to $65.00 and gave the stock an “outperform” rating in a research note on Thursday, August 7th. 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. Weiss Ratings restated a “hold (c)” rating on shares of Bentley Systems in a research note on Wednesday, October 8th. Finally, KeyCorp upped their price objective on Bentley Systems from $56.00 to $59.00 and gave the company an “overweight” rating in a research report on Monday, July 7th. Seven research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $56.64.

Bentley Systems Stock Performance

BSY stock opened at $50.49 on Thursday. The stock’s 50 day simple moving average is $52.78 and its 200 day simple moving average is $51.45. The stock has a market capitalization of $14.75 billion, a PE ratio of 63.91, a price-to-earnings-growth ratio of 4.16 and a beta of 1.07. 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, Incorporated has a 12-month low of $36.51 and a 12-month high of $59.25.

Bentley Systems (NASDAQ:BSY) last released its quarterly earnings results on Wednesday, August 6th. The company reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.03. The firm had revenue of $364.11 million for 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 company’s revenue was up 10.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.31 EPS. As a group, research analysts forecast that Bentley Systems, Incorporated will post 0.88 earnings per share for the current fiscal year.

Bentley Systems Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 23rd were issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend was Tuesday, September 23rd. Bentley Systems’s dividend payout ratio is presently 35.44%.

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.