Bentley Systems, Incorporated $BSY Stake Increased by Compagnie Lombard Odier SCmA

Compagnie Lombard Odier SCmA lifted its holdings in Bentley Systems, Incorporated (NASDAQ:BSY) by 222.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 39,912 shares of the company’s stock after buying an additional 27,552 shares during the period. Compagnie Lombard Odier SCmA’s holdings in Bentley Systems were worth $1,523,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Geneos Wealth Management Inc. lifted its stake in 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 acquiring an additional 627 shares in the last quarter. Baillie Gifford & Co. purchased a new position in Bentley Systems during the 3rd quarter valued at about $28,000. National Pension Service purchased a new position in Bentley Systems during the 3rd quarter valued at about $28,000. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Bentley Systems in the third quarter worth approximately $37,000. Finally, Physician Wealth Advisors Inc. purchased a new stake in shares of Bentley Systems in the third quarter worth approximately $39,000. Hedge funds and other institutional investors own 44.16% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Robert W. Baird set a $55.00 price target on shares of Bentley Systems in a report on Wednesday, January 7th. Mizuho dropped their price objective on shares of Bentley Systems from $62.00 to $50.00 and set an “outperform” rating on the stock in a research note on Friday, February 27th. Weiss Ratings reiterated a “hold (c)” rating on shares of Bentley Systems in a research report on Wednesday, January 21st. Rosenblatt Securities decreased their target price on shares of Bentley Systems from $58.00 to $50.00 and set a “buy” rating for the company in a research note on Tuesday, February 24th. Finally, Oppenheimer lowered 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 assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $48.50.

Bentley Systems Trading Down 2.6%

Shares of NASDAQ BSY opened at $34.20 on Thursday. The stock has a market cap of $9.96 billion, a price-to-earnings ratio of 39.77, a PEG ratio of 2.39 and a beta of 1.16. The business has a 50 day simple moving average of $36.01 and a 200 day simple moving average of $42.05. Bentley Systems, Incorporated has a 52 week low of $30.97 and a 52 week high of $59.25. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.56 and a current ratio of 0.56.

Bentley Systems (NASDAQ:BSY) last issued its quarterly earnings data on Thursday, February 26th. The company reported $0.27 earnings per share for the quarter, meeting the consensus estimate of $0.27. The firm had revenue of $391.58 million for 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%. The company’s revenue for the quarter was up 11.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.21 earnings per share. On average, research analysts predict that Bentley Systems, Incorporated will post 0.88 earnings per share for the current fiscal year.

Bentley Systems Announces Dividend

The firm also recently declared 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. The ex-dividend date was Tuesday, March 10th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.8%. Bentley Systems’s dividend payout ratio (DPR) is currently 32.56%.

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.