Bentley Systems, Incorporated $BSY Stock Holdings Increased by Alpine Global Management LLC

Alpine Global Management LLC boosted its holdings in shares of Bentley Systems, Incorporated (NASDAQ:BSY) by 123.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 31,242 shares of the company’s stock after purchasing an additional 17,264 shares during the period. Alpine Global Management LLC’s holdings in Bentley Systems were worth $1,608,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its holdings in shares of Bentley Systems by 10.7% in the third quarter. Vanguard Group Inc. now owns 18,607,657 shares of the company’s stock valued at $957,922,000 after buying an additional 1,792,591 shares in the last quarter. Swedbank AB boosted its stake in shares of Bentley Systems by 2.3% during the 3rd quarter. Swedbank AB now owns 7,250,495 shares of the company’s stock worth $373,255,000 after acquiring an additional 160,594 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Bentley Systems by 5.0% in the 2nd quarter. Geode Capital Management LLC now owns 3,230,547 shares of the company’s stock worth $173,877,000 after acquiring an additional 155,078 shares during the last quarter. William Blair Investment Management LLC acquired a new stake in shares of Bentley Systems during the third quarter worth $150,903,000. Finally, Bessemer Group Inc. raised its position in shares of Bentley Systems by 27.4% during the third quarter. Bessemer Group Inc. now owns 2,486,139 shares of the company’s stock worth $127,986,000 after purchasing an additional 534,776 shares during the period. 44.16% of the stock is currently owned by institutional investors.

Bentley Systems Stock Performance

Shares of BSY opened at $37.88 on Wednesday. The firm has a market cap of $11.04 billion, a price-to-earnings ratio of 44.05, a price-to-earnings-growth ratio of 2.56 and a beta of 1.18. The company’s fifty day moving average is $36.69 and its 200-day moving average is $43.33. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 1.05. Bentley Systems, Incorporated has a 12 month low of $30.97 and a 12 month high of $59.25.

Bentley Systems (NASDAQ:BSY) last released its quarterly earnings data on Thursday, February 26th. The company reported $0.27 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.27. The business had revenue of $391.58 million during the quarter, compared to analyst estimates of $381.79 million. Bentley Systems had a net margin of 18.50% and a return on equity of 28.82%. Bentley Systems’s quarterly revenue was up 11.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.21 EPS. Equities analysts expect that Bentley Systems, Incorporated will post 0.88 EPS for the current fiscal year.

Bentley Systems Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 19th. Shareholders of record on Tuesday, March 10th will be given a $0.07 dividend. The ex-dividend date of this dividend is Tuesday, March 10th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.7%. Bentley Systems’s payout ratio is currently 32.56%.

Wall Street Analysts Forecast Growth

BSY has been the subject of a number of recent analyst reports. Robert W. Baird set a $55.00 price target on Bentley Systems in a research report on Wednesday, January 7th. Mizuho reduced their price objective on shares of Bentley Systems from $62.00 to $50.00 and set an “outperform” rating for the company in a research note on Friday, February 27th. Piper Sandler decreased their target price on shares of Bentley Systems from $45.00 to $42.00 and set a “neutral” rating for the company in a report on Monday, March 2nd. UBS Group dropped their target price on shares of Bentley Systems from $60.00 to $40.00 and set a “neutral” rating on the stock in a research report on Monday, February 23rd. Finally, Oppenheimer cut their price target on shares of Bentley Systems from $53.00 to $43.00 and set an “outperform” rating on the stock in a report on Friday, February 27th. Seven equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $48.50.

About Bentley Systems

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.