Steward Partners Investment Advisory LLC Makes New $27,000 Investment in Bentley Systems, Incorporated (NASDAQ:BSY)

Posted by MarketBeat News on Aug 6th, 2022

Steward Partners Investment Advisory LLC purchased a new position in Bentley Systems, Incorporated (NASDAQ:BSY – Get Rating) in the 1st quarter, Holdings Channel.com reports. The fund purchased 603 shares of the company’s stock, valued at approximately $27,000.

Several other hedge funds have also added to or reduced their stakes in BSY. Covestor Ltd bought a new stake in Bentley Systems in the fourth quarter worth $30,000. National Bank of Canada FI bought a new position in shares of Bentley Systems during the fourth quarter valued at about $31,000. Schroder Investment Management Group increased its position in shares of Bentley Systems by 134.1% during the fourth quarter. Schroder Investment Management Group now owns 934 shares of the company’s stock valued at $45,000 after buying an additional 535 shares during the period. Point72 Hong Kong Ltd purchased a new position in shares of Bentley Systems during the fourth quarter valued at about $80,000. Finally, Edmond DE Rothschild Holding S.A. purchased a new position in shares of Bentley Systems during the fourth quarter valued at about $170,000. 33.12% of the stock is owned by institutional investors.

Bentley Systems Stock Down 0.1 %

Shares of Bentley Systems stock opened at $41.05 on Friday. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 4.09. Bentley Systems, Incorporated has a twelve month low of $26.32 and a twelve month high of $71.92. The company has a market cap of $11.33 billion, a price-to-earnings ratio of 146.61, a price-to-earnings-growth ratio of 7.05 and a beta of 1.00. The company’s 50 day moving average is $35.14 and its 200 day moving average is $37.60.

Bentley Systems (NASDAQ:BSY – Get Rating) last released its quarterly earnings results on Tuesday, May 10th. The company reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.04. Bentley Systems had a net margin of 8.84% and a return on equity of 55.22%. The business had revenue of $275.52 million for the quarter, compared to the consensus estimate of $268.65 million. During the same period last year, the firm earned $0.18 earnings per share. The company’s quarterly revenue was up 24.1% on a year-over-year basis. Research analysts anticipate that Bentley Systems, Incorporated will post 0.63 EPS for the current year.

Bentley Systems Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 23rd. Shareholders of record on Thursday, June 9th were given a $0.03 dividend. The ex-dividend date was Wednesday, June 8th. This represents a $0.12 annualized dividend and a yield of 0.29%. Bentley Systems’s payout ratio is presently 42.86%.

Analyst Upgrades and Downgrades

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

About Bentley Systems

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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.