Siemens Fonds Invest GmbH Buys Shares of 8,368 Bentley Systems, Incorporated (NASDAQ:BSY)

Siemens Fonds Invest GmbH purchased a new position in Bentley Systems, Incorporated (NASDAQ:BSY) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 8,368 shares of the company’s stock, valued at approximately $391,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Private Trust Co. NA grew its position in Bentley Systems by 61.1% in the 4th quarter. Private Trust Co. NA now owns 997 shares of the company’s stock valued at $47,000 after acquiring an additional 378 shares during the last quarter. Tobam bought a new position in shares of Bentley Systems in the fourth quarter worth about $55,000. Atala Financial Inc purchased a new position in Bentley Systems in the 4th quarter worth about $55,000. Tortoise Investment Management LLC increased its stake in Bentley Systems by 76.9% in the 4th quarter. Tortoise Investment Management LLC now owns 1,675 shares of the company’s stock worth $78,000 after buying an additional 728 shares during the period. Finally, CIBC Private Wealth Group LLC lifted its holdings in Bentley Systems by 42.0% during the 4th quarter. CIBC Private Wealth Group LLC now owns 1,673 shares of the company’s stock valued at $78,000 after buying an additional 495 shares in the last quarter. 44.16% of the stock is owned by institutional investors.

Insider Activity at Bentley Systems

In related news, CRO Brock Ballard sold 12,363 shares of the company’s stock in a transaction dated Wednesday, May 7th. The stock was sold at an average price of $45.08, for a total transaction of $557,324.04. Following the transaction, the executive now directly owns 68,064 shares of the company’s stock, valued at $3,068,325.12. This represents a 15.37% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 20.56% of the stock is currently owned by corporate insiders.

Bentley Systems Trading Down 0.5%

Shares of NASDAQ:BSY opened at $47.97 on Friday. The company has a market capitalization of $14.00 billion, a PE ratio of 43.22, a P/E/G ratio of 3.52 and a beta of 1.05. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 1.37. Bentley Systems, Incorporated has a 12-month low of $36.51 and a 12-month high of $57.19. The business’s fifty day simple moving average is $42.76 and its 200-day simple moving average is $45.52.

Bentley Systems (NASDAQ:BSY) last posted its earnings results on Wednesday, May 7th. The company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.05. The company had revenue of $370.54 million for the quarter, compared to analyst estimates of $366.76 million. Bentley Systems had a return on equity of 29.50% and a net margin of 27.73%. The firm’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.31 earnings per share. As a group, equities research analysts predict that Bentley Systems, Incorporated will post 0.88 earnings per share for the current fiscal year.

Bentley Systems Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Wednesday, March 19th were paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 0.58%. The ex-dividend date was Wednesday, March 19th. This is a positive change from Bentley Systems’s previous quarterly dividend of $0.06. Bentley Systems’s payout ratio is 35.44%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on BSY shares. Rosenblatt Securities dropped their target price on shares of Bentley Systems from $62.00 to $53.00 and set a “buy” rating on the stock in a research note on Monday, May 5th. Royal Bank of Canada increased their price objective on Bentley Systems from $53.00 to $55.00 and gave the stock an “outperform” rating in a research note on Thursday, May 8th. UBS Group raised their price objective on Bentley Systems from $48.00 to $53.00 and gave the stock a “neutral” rating in a report on Thursday, May 8th. Robert W. Baird lowered their target price on Bentley Systems from $60.00 to $59.00 and set an “outperform” rating for the company in a report on Thursday, February 27th. Finally, Mizuho dropped their price target on Bentley Systems from $60.00 to $50.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 15th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $52.00.

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.