AlphaQuest LLC Has $614,000 Stock Holdings in Bentley Systems, Incorporated $BSY

AlphaQuest LLC decreased its position in shares of Bentley Systems, Incorporated (NASDAQ:BSY) by 82.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,383 shares of the company’s stock after selling 53,971 shares during the period. AlphaQuest LLC’s holdings in Bentley Systems were worth $614,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. Geneos Wealth Management Inc. boosted its position in shares of Bentley Systems by 1,529.3% during 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. Twin Tree Management LP boosted its position in shares of Bentley Systems by 361.9% during the 1st quarter. Twin Tree Management LP now owns 739 shares of the company’s stock worth $29,000 after acquiring an additional 579 shares in the last quarter. Larson Financial Group LLC boosted its position in shares of Bentley Systems by 1,707.1% during the 1st quarter. Larson Financial Group LLC now owns 759 shares of the company’s stock worth $30,000 after acquiring an additional 717 shares in the last quarter. Whittier Trust Co. boosted its position in shares of Bentley Systems by 237.4% during the 2nd quarter. Whittier Trust Co. now owns 830 shares of the company’s stock worth $45,000 after acquiring an additional 584 shares in the last quarter. Finally, GAMMA Investing LLC boosted its position in Bentley Systems by 114.5% in the second quarter. GAMMA Investing LLC now owns 1,053 shares of the company’s stock valued at $57,000 after buying an additional 562 shares in the last quarter. Institutional investors and hedge funds own 44.16% of the company’s stock.

Bentley Systems Price Performance

Shares of NASDAQ BSY opened at $52.20 on Tuesday. Bentley Systems, Incorporated has a twelve month low of $36.51 and a twelve month high of $59.25. The firm has a fifty day simple moving average of $52.88 and a 200 day simple moving average of $51.32. The company has a market capitalization of $15.25 billion, a PE ratio of 66.08, a P/E/G ratio of 4.17 and a beta of 1.07. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 1.07.

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

Bentley Systems Dividend Announcement

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

Wall Street Analyst Weigh In

A number of brokerages have weighed in on BSY. Oppenheimer raised their target price on shares of Bentley Systems from $59.00 to $65.00 and gave the company an “outperform” rating in a research report on Thursday, August 7th. KeyCorp raised their target price on shares of Bentley Systems from $56.00 to $59.00 and gave the company an “overweight” rating in a research report on Monday, July 7th. Barclays began coverage on shares of Bentley Systems in a research report on Tuesday, October 7th. They issued an “equal weight” rating and a $57.00 target price on the stock. Piper Sandler raised their target price on shares of Bentley Systems from $57.00 to $63.00 and gave the company an “overweight” rating in a research report on Thursday, August 7th. Finally, The Goldman Sachs Group raised their target price on shares of Bentley Systems from $42.00 to $47.00 and gave the company a “sell” rating in a research report on Thursday, August 7th. Seven investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Bentley Systems currently 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.