Blue Trust Inc. Purchases 211 Shares of Bentley Systems, Incorporated $BSY

Blue Trust Inc. raised its position in shares of Bentley Systems, Incorporated (NASDAQ:BSY) by 19.3% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,305 shares of the company’s stock after acquiring an additional 211 shares during the quarter. Blue Trust Inc.’s holdings in Bentley Systems were worth $70,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of BSY. Bessemer Group Inc. boosted its position in Bentley Systems by 8,187,760.9% during the 1st quarter. Bessemer Group Inc. now owns 1,883,208 shares of the company’s stock valued at $74,086,000 after acquiring an additional 1,883,185 shares in the last quarter. Vanguard Group Inc. boosted its position in Bentley Systems by 5.3% during the 1st quarter. Vanguard Group Inc. now owns 17,999,856 shares of the company’s stock valued at $708,114,000 after acquiring an additional 898,115 shares in the last quarter. Federated Hermes Inc. bought a new stake in Bentley Systems during the 1st quarter valued at approximately $15,960,000. Nuveen LLC bought a new stake in Bentley Systems during the 1st quarter valued at approximately $11,901,000. Finally, Edgestream Partners L.P. bought a new stake in shares of Bentley Systems in the 1st quarter worth approximately $10,150,000. 44.16% of the stock is owned by institutional investors.

Bentley Systems Price Performance

Shares of BSY opened at $51.30 on Friday. The firm has a market cap of $14.98 billion, a PE ratio of 64.94, a P/E/G ratio of 4.06 and a beta of 1.07. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 1.07. The firm has a fifty day simple moving average of $52.97 and a two-hundred day simple moving average of $50.68. Bentley Systems, Incorporated has a 1-year low of $36.51 and a 1-year high of $59.25.

Bentley Systems (NASDAQ:BSY) last announced its earnings results on Wednesday, August 6th. The company reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.29 by $0.03. The business had revenue of $364.11 million during the quarter, compared to analyst estimates of $363.51 million. Bentley Systems had a net margin of 17.91% and a return on equity of 28.41%. The company’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.31 EPS. On average, equities analysts anticipate that Bentley Systems, Incorporated will post 0.88 EPS for the current year.

Bentley Systems Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 23rd were paid a dividend of $0.07 per share. The ex-dividend date was Tuesday, September 23rd. This represents a $0.28 dividend on an annualized basis and a yield of 0.5%. Bentley Systems’s payout ratio is currently 35.44%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Wall Street Zen cut Bentley Systems from a “buy” rating to a “hold” rating in a research report on Wednesday, July 16th. UBS Group boosted their price target on Bentley Systems from $53.00 to $60.00 and gave the stock a “neutral” rating in a research report on Thursday, August 7th. Rosenblatt Securities raised Bentley Systems from a “neutral” rating to a “buy” rating and set a $58.00 price target on the stock in a research report on Friday. The Goldman Sachs Group boosted their price target on Bentley Systems from $42.00 to $47.00 and gave the stock a “sell” rating in a research report on Thursday, August 7th. Finally, Barclays assumed coverage on Bentley Systems in a research report on Tuesday, October 7th. They issued an “equal weight” rating and a $57.00 price target on the stock. Seven research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $56.64.

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.