Andra AP fonden Buys New Shares in Bentley Systems, Incorporated (NASDAQ:BSY)

Andra AP fonden purchased a new position in shares of Bentley Systems, Incorporated (NASDAQ:BSY) in the 2nd quarter, Holdings Channel reports. The firm purchased 1,100 shares of the company’s stock, valued at approximately $54,000.

Other large investors also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC increased its holdings in shares of Bentley Systems by 4,618.2% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 519 shares of the company’s stock worth $26,000 after buying an additional 508 shares during the last quarter. GAMMA Investing LLC grew its position in Bentley Systems by 90.1% during the second quarter. GAMMA Investing LLC now owns 576 shares of the company’s stock valued at $28,000 after acquiring an additional 273 shares during the period. Blue Trust Inc. grew its position in Bentley Systems by 68,500.0% during the second quarter. Blue Trust Inc. now owns 686 shares of the company’s stock valued at $36,000 after acquiring an additional 685 shares during the period. Tortoise Investment Management LLC increased its stake in Bentley Systems by 75.4% during the second quarter. Tortoise Investment Management LLC now owns 833 shares of the company’s stock worth $41,000 after acquiring an additional 358 shares during the last quarter. Finally, Acadian Asset Management LLC purchased a new position in shares of Bentley Systems in the 2nd quarter worth about $43,000. Hedge funds and other institutional investors own 44.16% of the company’s stock.

Bentley Systems Trading Down 0.1 %

NASDAQ BSY opened at $48.87 on Friday. The stock has a market cap of $14.10 billion, a P/E ratio of 45.67, a PEG ratio of 4.03 and a beta of 1.03. The company’s fifty day simple moving average is $49.03 and its 200-day simple moving average is $50.58. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 1.36. Bentley Systems, Incorporated has a 52 week low of $43.82 and a 52 week high of $57.19.

Bentley Systems (NASDAQ:BSY) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $0.31 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.08. The firm had revenue of $330.34 million for the quarter, compared to analyst estimates of $325.20 million. Bentley Systems had a net margin of 29.17% and a return on equity of 31.71%. The firm’s revenue was up 11.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.20 EPS. Equities research analysts predict that Bentley Systems, Incorporated will post 0.9 EPS for the current fiscal year.

Bentley Systems Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 26th. Shareholders of record on Tuesday, September 17th will be paid a dividend of $0.06 per share. The ex-dividend date of this dividend is Tuesday, September 17th. This represents a $0.24 dividend on an annualized basis and a yield of 0.49%. Bentley Systems’s dividend payout ratio (DPR) is presently 22.43%.

Insider Buying and Selling at Bentley Systems

In other news, Director Raymond B. Bentley sold 91,045 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $49.43, for a total transaction of $4,500,354.35. Following the completion of the transaction, the director now directly owns 16,598,656 shares in the company, valued at approximately $820,471,566.08. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 21.12% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. Royal Bank of Canada reissued an “outperform” rating and set a $61.00 target price on shares of Bentley Systems in a research report on Wednesday, August 7th. Rosenblatt Securities reissued a “buy” rating and issued a $62.00 price objective on shares of Bentley Systems in a research report on Wednesday, August 7th. Piper Sandler reissued an “overweight” rating and issued a $63.00 target price on shares of Bentley Systems in a research note on Wednesday, August 7th. Finally, The Goldman Sachs Group decreased their price target on shares of Bentley Systems from $57.00 to $50.00 and set a “neutral” rating for the company in a research report on Wednesday, August 7th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $59.57.

About Bentley Systems

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.