Siemens Fonds Invest GmbH Acquires New Stake in Bentley Systems, Incorporated (NASDAQ:BSY)

Siemens Fonds Invest GmbH bought a new stake in Bentley Systems, Incorporated (NASDAQ:BSY) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 8,368 shares of the company’s stock, valued at approximately $391,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Sherbrooke Park Advisers LLC bought a new stake in Bentley Systems during the fourth quarter valued at about $545,000. Quantinno Capital Management LP lifted its position in shares of Bentley Systems by 7.2% during the 4th quarter. Quantinno Capital Management LP now owns 5,261 shares of the company’s stock valued at $246,000 after buying an additional 354 shares in the last quarter. Nissay Asset Management Corp Japan ADV grew its stake in shares of Bentley Systems by 8.9% during the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 68,158 shares of the company’s stock valued at $3,243,000 after acquiring an additional 5,586 shares during the period. Occudo Quantitative Strategies LP bought a new position in shares of Bentley Systems during the 4th quarter valued at approximately $1,333,000. Finally, Needham Investment Management LLC increased its holdings in Bentley Systems by 132.1% in the 4th quarter. Needham Investment Management LLC now owns 97,500 shares of the company’s stock worth $4,553,000 after acquiring an additional 55,500 shares in the last quarter. 44.16% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on BSY shares. Robert W. Baird dropped their price target on shares of Bentley Systems from $60.00 to $59.00 and set an “outperform” rating for the company in a research report on Thursday, February 27th. Oppenheimer lifted their target price on shares of Bentley Systems from $49.00 to $50.00 and gave the company an “outperform” rating in a research note on Thursday, May 8th. UBS Group upped their target price on shares of Bentley Systems from $48.00 to $53.00 and gave the stock a “neutral” rating in a report on Thursday, May 8th. The Goldman Sachs Group cut Bentley Systems from a “neutral” rating to a “sell” rating and decreased their price target for the company from $51.00 to $42.00 in a report on Friday, February 28th. Finally, Mizuho lowered their price objective on Bentley Systems from $60.00 to $50.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 15th. One analyst has rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $52.00.

Insider Buying and Selling at Bentley Systems

In other news, CRO Brock Ballard sold 12,363 shares of the firm’s stock in a transaction that occurred on Wednesday, May 7th. The stock was sold at an average price of $45.08, for a total value of $557,324.04. Following the completion of the sale, the executive now directly owns 68,064 shares of the company’s stock, valued at $3,068,325.12. This trade represents a 15.37% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 20.56% of the stock is owned by company insiders.

Bentley Systems Trading Down 0.5%

Shares of Bentley Systems stock opened at $47.97 on Friday. Bentley Systems, Incorporated has a twelve month low of $36.51 and a twelve month high of $57.19. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 1.37. The business has a 50-day moving average price of $42.76 and a 200-day moving average price of $45.52. The firm has a market cap of $14.00 billion, a price-to-earnings ratio of 43.22, a PEG ratio of 3.52 and a beta of 1.05.

Bentley Systems (NASDAQ:BSY) last released its quarterly earnings results on Wednesday, May 7th. The company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.05. The business had revenue of $370.54 million during the quarter, compared to analysts’ expectations of $366.76 million. Bentley Systems had a return on equity of 29.50% and a net margin of 27.73%. The firm’s revenue for the quarter was up 9.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.31 EPS. Equities research analysts anticipate that Bentley Systems, Incorporated will post 0.88 EPS for the current fiscal year.

Bentley Systems Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Wednesday, March 19th were given a dividend of $0.07 per share. The ex-dividend date of this dividend was Wednesday, March 19th. This represents a $0.28 annualized dividend and a yield of 0.58%. This is a positive change from Bentley Systems’s previous quarterly dividend of $0.06. Bentley Systems’s dividend payout ratio (DPR) is 35.44%.

Bentley Systems 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.