Groupama Asset Managment Has $388,000 Stake in Bentley Systems, Incorporated $BSY

Groupama Asset Managment reduced its stake in shares of Bentley Systems, Incorporated (NASDAQ:BSY) by 64.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,542 shares of the company’s stock after selling 13,711 shares during the quarter. Groupama Asset Managment’s holdings in Bentley Systems were worth $388,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. CIBC Bancorp USA Inc. acquired a new position in Bentley Systems during the 3rd quarter worth $296,000. Alpine Global Management LLC increased its stake in shares of Bentley Systems by 123.5% in the 3rd quarter. Alpine Global Management LLC now owns 31,242 shares of the company’s stock valued at $1,608,000 after buying an additional 17,264 shares during the period. Danske Bank A S bought a new stake in shares of Bentley Systems during the third quarter worth $2,307,000. Caitong International Asset Management Co. Ltd bought a new stake in shares of Bentley Systems during the third quarter worth $37,000. Finally, Advisory Services Network LLC acquired a new position in shares of Bentley Systems during the third quarter valued at $59,000. Institutional investors and hedge funds own 44.16% of the company’s stock.

Bentley Systems Stock Performance

Shares of BSY stock opened at $37.85 on Friday. The stock has a market cap of $11.03 billion, a PE ratio of 44.01, a price-to-earnings-growth ratio of 2.54 and a beta of 1.18. The stock has a 50-day moving average of $36.55 and a 200-day moving average of $43.05. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.56 and a quick ratio of 0.56. Bentley Systems, Incorporated has a one year low of $30.97 and a one year high of $59.25.

Bentley Systems (NASDAQ:BSY) last issued its earnings results on Thursday, February 26th. The company reported $0.27 EPS for the quarter, meeting the consensus estimate of $0.27. Bentley Systems had a net margin of 18.50% and a return on equity of 28.82%. The firm had revenue of $391.58 million during the quarter, compared to the consensus estimate of $381.79 million. During the same quarter in the prior year, the firm earned $0.21 earnings per share. The business’s quarterly revenue was up 11.9% on a year-over-year basis. As a group, sell-side analysts expect that Bentley Systems, Incorporated will post 0.88 earnings per share for the current year.

Bentley Systems Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 19th. Stockholders of record on Tuesday, March 10th were issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 0.7%. The ex-dividend date was Tuesday, March 10th. Bentley Systems’s payout ratio is 32.56%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Rosenblatt Securities lowered their price objective on Bentley Systems from $58.00 to $50.00 and set a “buy” rating for the company in a research report on Tuesday, February 24th. Piper Sandler cut their target price on shares of Bentley Systems from $45.00 to $42.00 and set a “neutral” rating on the stock in a research report on Monday, March 2nd. Oppenheimer reduced their target price on shares of Bentley Systems from $53.00 to $43.00 and set an “outperform” rating on the stock in a research note on Friday, February 27th. Mizuho lowered their price target on shares of Bentley Systems from $62.00 to $50.00 and set an “outperform” rating for the company in a research report on Friday, February 27th. Finally, Royal Bank Of Canada dropped their price target on shares of Bentley Systems from $65.00 to $48.00 and set an “outperform” rating for the company in a research note on Monday, January 5th. Seven research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $48.50.

Bentley Systems Company 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.