Hsbc Holdings PLC increased its position in Bentley Systems, Incorporated (NASDAQ:BSY – Free Report) by 104.8% in the 4th quarter, Holdings Channel reports. The firm owned 139,008 shares of the company’s stock after buying an additional 71,128 shares during the quarter. Hsbc Holdings PLC’s holdings in Bentley Systems were worth $5,325,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors have also recently bought and sold shares of the business. Los Angeles Capital Management LLC bought a new stake in Bentley Systems in the fourth quarter valued at about $25,000. Geneos Wealth Management Inc. lifted its stake in Bentley Systems by 1,529.3% during the first quarter. Geneos Wealth Management Inc. now owns 668 shares of the company’s stock worth $26,000 after purchasing an additional 627 shares during the period. Royal London Asset Management Ltd. acquired a new stake in Bentley Systems during the fourth quarter valued at approximately $32,000. Pekao Towarzystwo Funduszy Inwestycyjnych S.A. acquired a new stake in Bentley Systems during the fourth quarter valued at approximately $34,000. Finally, National Pension Service grew its stake in shares of Bentley Systems by 63.0% in the 4th quarter. National Pension Service now owns 880 shares of the company’s stock valued at $34,000 after purchasing an additional 340 shares during the period. Institutional investors and hedge funds own 44.16% of the company’s stock.
Wall Street Analyst Weigh In
Several research analysts have issued reports on the company. Weiss Ratings lowered Bentley Systems from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, April 15th. Piper Sandler raised shares of Bentley Systems from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $42.00 to $45.00 in a report on Friday, May 8th. Mizuho dropped their target price on shares of Bentley Systems from $50.00 to $45.00 and set an “outperform” rating for the company in a research report on Friday, May 8th. Bank of America initiated coverage on shares of Bentley Systems in a report on Tuesday, May 12th. They set a “buy” rating and a $40.00 price target for the company. Finally, BMO Capital Markets restated an “outperform” rating on shares of Bentley Systems in a research report on Monday, March 2nd. Ten research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, Bentley Systems has a consensus rating of “Moderate Buy” and an average target price of $46.50.
Bentley Systems Trading Up 4.5%
Shares of NASDAQ BSY opened at $30.00 on Friday. Bentley Systems, Incorporated has a 1-year low of $28.08 and a 1-year high of $59.25. The company has a 50-day moving average of $32.28 and a two-hundred day moving average of $35.37. The company has a market cap of $8.77 billion, a PE ratio of 34.09, a P/E/G ratio of 1.93 and a beta of 1.00. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.91.
Bentley Systems (NASDAQ:BSY – Get Free Report) last announced its quarterly earnings data on Thursday, May 7th. The company reported $0.38 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.02. The firm had revenue of $424.18 million for the quarter, compared to analyst estimates of $419.80 million. Bentley Systems had a return on equity of 28.65% and a net margin of 18.12%.The business’s quarterly revenue was up 14.5% compared to the same quarter last year. During the same period last year, the company earned $0.35 EPS. As a group, equities analysts expect that Bentley Systems, Incorporated will post 1.2 earnings per share for the current fiscal year.
Bentley Systems Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, June 11th. Stockholders of record on Tuesday, June 2nd were paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend was Tuesday, June 2nd. Bentley Systems’s dividend payout ratio is 31.82%.
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.
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