Vanguard Personalized Indexing Management LLC Increases Stock Holdings in Bentley Systems, Incorporated $BSY

Vanguard Personalized Indexing Management LLC lifted its stake in shares of Bentley Systems, Incorporated (NASDAQ:BSY) by 32.2% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 25,178 shares of the company’s stock after buying an additional 6,135 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Bentley Systems were worth $1,359,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. Geneos Wealth Management Inc. raised its holdings 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 valued at $26,000 after buying an additional 627 shares during the period. Twin Tree Management LP raised its position in shares of Bentley Systems by 361.9% in the 1st quarter. Twin Tree Management LP now owns 739 shares of the company’s stock valued at $29,000 after purchasing an additional 579 shares in the last quarter. Larson Financial Group LLC boosted its stake 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 valued at $30,000 after buying an additional 717 shares during the last quarter. Fifth Third Bancorp boosted its stake in shares of Bentley Systems by 106.6% during the 1st quarter. Fifth Third Bancorp now owns 843 shares of the company’s stock valued at $33,000 after buying an additional 435 shares during the last quarter. Finally, HM Payson & Co. purchased a new position in shares of Bentley Systems during the 1st quarter valued at approximately $45,000. 44.16% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on BSY shares. Barclays started coverage on Bentley Systems in a research note on Tuesday, October 7th. They set an “equal weight” rating and a $57.00 target price for the company. Wall Street Zen cut Bentley Systems from a “buy” rating to a “hold” rating in a research note on Wednesday, July 16th. KeyCorp increased their target price on Bentley Systems from $56.00 to $59.00 and gave the company an “overweight” rating in a research note on Monday, July 7th. Piper Sandler increased their target price on Bentley Systems from $57.00 to $63.00 and gave the company an “overweight” rating in a research note on Thursday, August 7th. Finally, Robert W. Baird set a $64.00 target price on Bentley Systems and gave the stock an “outperform” rating in a research report on Wednesday, July 30th. Seven equities 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 stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $56.64.

Bentley Systems Price Performance

Shares of BSY opened at $51.30 on Friday. The firm has a market cap of $14.98 billion, a price-to-earnings ratio of 64.94, a PEG ratio of 4.06 and a beta of 1.07. The stock has a 50 day moving average of $52.97 and a 200-day moving average of $50.68. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 1.07. Bentley Systems, Incorporated has a 52 week low of $36.51 and a 52 week high of $59.25.

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

Bentley Systems Announces Dividend

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

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.