Bentley Systems, Incorporated $BSY Shares Bought by Cwm LLC

Cwm LLC grew its position in Bentley Systems, Incorporated (NASDAQ:BSY) by 38.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 63,619 shares of the company’s stock after acquiring an additional 17,826 shares during the quarter. Cwm LLC’s holdings in Bentley Systems were worth $3,275,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Swedbank AB raised its stake in shares of Bentley Systems by 2.3% during the third quarter. Swedbank AB now owns 7,250,495 shares of the company’s stock worth $373,255,000 after purchasing an additional 160,594 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Bentley Systems by 5.0% during the second quarter. Geode Capital Management LLC now owns 3,230,547 shares of the company’s stock worth $173,877,000 after buying an additional 155,078 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Bentley Systems by 207.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 3,062,057 shares of the company’s stock worth $165,259,000 after acquiring an additional 2,066,725 shares in the last quarter. Bessemer Group Inc. grew its holdings in Bentley Systems by 3.6% in the second quarter. Bessemer Group Inc. now owns 1,951,363 shares of the company’s stock valued at $105,314,000 after purchasing an additional 68,155 shares during the last quarter. Finally, Fiera Capital Corp lifted its holdings in shares of Bentley Systems by 27.8% in the second quarter. Fiera Capital Corp now owns 1,186,155 shares of the company’s stock valued at $64,017,000 after purchasing an additional 258,186 shares in the last quarter. Hedge funds and other institutional investors own 44.16% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on BSY. Weiss Ratings reiterated a “hold (c)” rating on shares of Bentley Systems in a report on Wednesday, October 8th. Piper Sandler cut their price target on Bentley Systems from $63.00 to $60.00 and set an “overweight” rating on the stock in a report on Thursday, November 6th. Barclays assumed coverage on Bentley Systems in a research note on Tuesday, October 7th. They issued an “equal weight” rating and a $57.00 price target for the company. Robert W. Baird lowered their price objective on shares of Bentley Systems from $64.00 to $62.00 and set an “outperform” rating on the stock in a research note on Thursday, November 6th. Finally, JPMorgan Chase & Co. cut their price target on shares of Bentley Systems from $56.00 to $51.00 and set a “neutral” rating on the stock in a report on Thursday, November 6th. Seven research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $56.73.

Bentley Systems Stock Performance

NASDAQ BSY opened at $38.17 on Friday. The stock has a market cap of $11.15 billion, a P/E ratio of 45.44, a PEG ratio of 2.99 and a beta of 1.21. The company’s 50-day simple moving average is $43.02 and its 200 day simple moving average is $50.16. Bentley Systems, Incorporated has a twelve month low of $36.51 and a twelve month high of $59.25. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 1.04.

Bentley Systems (NASDAQ:BSY) last posted its quarterly earnings data on Wednesday, November 5th. The company reported $0.27 EPS for the quarter, hitting analysts’ consensus estimates of $0.27. Bentley Systems had a return on equity of 28.16% and a net margin of 18.45%.The company had revenue of $375.55 million for the quarter, compared to analyst estimates of $369.57 million. During the same quarter in the previous year, the firm earned $0.24 earnings per share. The business’s revenue was up 12.0% on a year-over-year basis. As a group, research analysts forecast 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 Thursday, December 11th. Investors of record on Thursday, December 4th were paid a dividend of $0.07 per share. The ex-dividend date of this dividend was Thursday, December 4th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.7%. Bentley Systems’s payout ratio is 33.33%.

Bentley Systems Profile

Bentley Systems, Inc is a global software provider specializing in infrastructure engineering applications for the design, construction, and operations of roads, bridges, rail and transit systems, water and wastewater networks, power plants and grids, industrial facilities, and communications infrastructure. Founded in 1984 by brothers Keith and Barry Bentley, the company is headquartered in Exton, Pennsylvania, and maintains offices and development centers across North America, Europe, Asia, and Australia.