SG Americas Securities LLC Purchases Shares of 18,292 Bentley Systems, Incorporated (NASDAQ:BSY)

Posted by on Aug 2nd, 2022

SG Americas Securities LLC purchased a new stake in Bentley Systems, Incorporated (NASDAQ:BSY – Get Rating) in the 1st quarter, according to its most recent filing with the SEC. The fund purchased 18,292 shares of the company’s stock, valued at approximately $808,000.

Other institutional investors also recently bought and sold shares of the company. Akkr Management Company LLC acquired a new stake in shares of Bentley Systems during the 4th quarter worth $60,367,000. TimesSquare Capital Management LLC increased its holdings in shares of Bentley Systems by 134.2% during the 4th quarter. TimesSquare Capital Management LLC now owns 1,533,900 shares of the company’s stock worth $74,133,000 after buying an additional 878,900 shares during the last quarter. DekaBank Deutsche Girozentrale boosted its position in Bentley Systems by 165.2% during the 4th quarter. DekaBank Deutsche Girozentrale now owns 819,661 shares of the company’s stock worth $39,378,000 after purchasing an additional 510,589 shares during the period. Kayne Anderson Rudnick Investment Management LLC boosted its position in Bentley Systems by 4.3% during the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 7,286,220 shares of the company’s stock worth $352,144,000 after purchasing an additional 302,038 shares during the period. Finally, Allspring Global Investments Holdings LLC purchased a new stake in Bentley Systems during the 4th quarter worth $12,615,000. 33.12% of the stock is currently owned by institutional investors and hedge funds.

Bentley Systems Stock Performance

NASDAQ:BSY opened at $39.26 on Tuesday. The company has a debt-to-equity ratio of 4.09, a current ratio of 0.68 and a quick ratio of 0.68. The firm has a 50-day moving average of $34.50 and a two-hundred day moving average of $37.54. The stock has a market cap of $10.83 billion, a P/E ratio of 140.21, a PEG ratio of 6.96 and a beta of 1.00. Bentley Systems, Incorporated has a 1-year low of $26.32 and a 1-year high of $71.92.

Bentley Systems (NASDAQ:BSY – Get Rating) last posted its quarterly earnings data on Tuesday, May 10th. The company reported $0.24 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.04. Bentley Systems had a net margin of 8.84% and a return on equity of 55.22%. The company had revenue of $275.52 million during the quarter, compared to analysts’ expectations of $268.65 million. During the same period in the prior year, the company posted $0.18 EPS. The firm’s revenue for the quarter was up 24.1% on a year-over-year basis. On average, research analysts expect that Bentley Systems, Incorporated will post 0.63 earnings per share for the current fiscal year.

Bentley Systems Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, June 23rd. Stockholders of record on Thursday, June 9th were given a dividend of $0.03 per share. The ex-dividend date was Wednesday, June 8th. This represents a $0.12 annualized dividend and a dividend yield of 0.31%. Bentley Systems’s payout ratio is 42.86%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Bank of America decreased their price target on shares of Bentley Systems from $60.00 to $50.00 in a research report on Tuesday, May 10th. Oppenheimer assumed coverage on shares of Bentley Systems in a research report on Thursday, May 19th. They set an “outperform” rating and a $40.00 price target for the company. Mizuho decreased their price target on shares of Bentley Systems from $53.00 to $45.00 in a research report on Wednesday, May 11th. Royal Bank of Canada decreased their price target on shares of Bentley Systems from $55.00 to $46.00 in a research report on Wednesday, May 11th. Finally, Robert W. Baird decreased their price target on shares of Bentley Systems from $55.00 to $49.00 in a research report on Wednesday, May 11th.

Bentley Systems Profile

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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 and open simulation applications for infrastructure design integration, which include MicroStation, OpenRoads, OpenRail, OpenPlant, OpenBuildings, OpenBridge, OpenSite, OpenFlows, STAAD and RAM, SACS, MOSES, AutoPIPE, SITEOPS, CUBE, DYNAMEQ, EMME, and LEGION; and geoprofessional applications for modeling and simulation of near and deep subsurface conditions, including Leapfrog, AGS Workbench, GeoStudio, Imago, MX Deposit, Oasis montaj, PLAXIS, and OpenGround.

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Institutional Ownership by Quarter for Bentley Systems (NASDAQ:BSY)

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