Thrivent Financial for Lutherans boosted its stake in shares of Bentley Systems, Incorporated (NASDAQ:BSY – Free Report) by 119.9% during the fourth quarter, HoldingsChannel.com reports. The firm owned 61,501 shares of the company’s stock after acquiring an additional 33,536 shares during the period. Thrivent Financial for Lutherans’ holdings in Bentley Systems were worth $2,347,000 at the end of the most recent quarter.
A number of other large investors also recently bought and sold shares of the stock. Oregon Public Employees Retirement Fund purchased a new position in Bentley Systems during the fourth quarter worth approximately $1,137,000. Securian Asset Management Inc. purchased a new position in Bentley Systems during the fourth quarter worth approximately $414,000. Crossmark Global Holdings Inc. purchased a new position in Bentley Systems during the fourth quarter worth approximately $461,000. International Assets Investment Management LLC purchased a new position in Bentley Systems during the fourth quarter worth approximately $342,000. Finally, Sequoia Financial Advisors LLC purchased a new position in Bentley Systems during the fourth quarter worth approximately $220,000. Hedge funds and other institutional investors own 44.16% of the company’s stock.
Analyst Upgrades and Downgrades
A number of equities analysts have weighed in on BSY shares. Weiss Ratings downgraded shares of Bentley Systems from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, April 15th. Zacks Research downgraded shares of Bentley Systems from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 21st. Mizuho cut their price target on shares of Bentley Systems from $50.00 to $45.00 and set an “outperform” rating on the stock in a research note on Friday, May 8th. BMO Capital Markets reissued an “outperform” rating on shares of Bentley Systems in a research report on Monday, March 2nd. Finally, Oppenheimer dropped their price objective on shares of Bentley Systems from $53.00 to $43.00 and set an “outperform” rating for the company in a research report on Friday, February 27th. Nine equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, Bentley Systems presently has a consensus rating of “Hold” and a consensus price target of $47.69.
Bentley Systems Price Performance
Bentley Systems stock opened at $33.16 on Tuesday. Bentley Systems, Incorporated has a 52-week low of $30.52 and a 52-week high of $59.25. The firm has a fifty day moving average of $34.28 and a 200-day moving average of $37.28. The firm has a market capitalization of $9.69 billion, a P/E ratio of 37.68, a PEG ratio of 2.08 and a beta of 1.01. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.91.
Bentley Systems (NASDAQ:BSY – Get Free Report) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.02. Bentley Systems had a net margin of 18.12% and a return on equity of 28.65%. The company had revenue of $424.18 million during the quarter, compared to analyst estimates of $419.80 million. During the same quarter in the prior year, the business earned $0.35 earnings per share. The business’s quarterly revenue was up 14.5% compared to the same quarter last year. As a group, analysts predict that Bentley Systems, Incorporated will post 1.23 EPS for the current year.
Bentley Systems Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 11th. Stockholders of record on Tuesday, June 2nd will be given a $0.07 dividend. The ex-dividend date of this dividend is Tuesday, June 2nd. This represents a $0.28 annualized dividend and a dividend yield of 0.8%. Bentley Systems’s dividend payout ratio is presently 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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