2 weeks Ago By Defense World Staff
Dimensional Fund Advisors LP boosted its stake in Bentley Systems, Incorporated ( NASDAQ:BSY – Free Report ) by 21.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 757,084 shares of the company’s stock after acquiring an additional 132,311 shares during the period.
Dimensional Fund Advisors LP owned 0.26% of Bentley Systems worth $37,372,000 at the end of the most recent reporting period. A number of other hedge funds have also added to or reduced their stakes in BSY.
Allspring Global Investments Holdings LLC lifted its stake in shares of Bentley Systems by 4,618.2% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 519 shares of the company’s stock valued at $26,000 after purchasing an additional 508 shares during the period.
GAMMA Investing LLC raised its holdings in Bentley Systems by 90.1% in the second quarter. GAMMA Investing LLC now owns 576 shares of the company’s stock worth $28,000 after purchasing an additional 273 shares in the last quarter.
Blue Trust Inc. lifted 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 buying an additional 685 shares during the period. Tortoise Investment Management LLC boosted its holdings in shares of Bentley Systems by 75.
4% during the 2nd quarter. Tortoise Investment Management LLC now owns 833 shares of the company’s stock valued at $41,000 after buying an additional 358 shares in the last quarter. Finally, Acadian Asset Management LLC purchased a new stake in shares of Bentley Systems in the 2nd quarter worth about $43,000.
44.16% of the stock is owned by hedge funds and other institutional investors. Analyst Upgrades and Downgrades A number of research analysts recently issued reports on BSY shares.
Royal Bank of Canada reissued an “outperform” rating and set a $61.00 price target on shares of Bentley Systems in a research report on Wednesday, August 7th. Piper Sandler reiterated an “overweight” rating and set a $63.
00 target price on shares of Bentley Systems in a report on Wednesday, August 7th. Rosenblatt Securities reissued a “buy” rating and issued a $62.00 price target on shares of Bentley Systems in a research report on Monday, September 16th.
Finally, The Goldman Sachs Group reduced their price objective on 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 research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $59.
57. Bentley Systems Price Performance Shares of NASDAQ:BSY opened at $50.81 on Tuesday.
The firm’s 50 day moving average price is $49.30 and its 200-day moving average price is $50.61.
The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 1.
36. The stock has a market capitalization of $14.66 billion, a PE ratio of 47.
49, a price-to-earnings-growth ratio of 4.19 and a beta of 1.03.
Bentley Systems, Incorporated has a twelve month low of $43.82 and a twelve month high of $57.19.
Bentley Systems ( NASDAQ:BSY – Get Free Report ) last released its earnings results on Tuesday, August 6th. The company reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.
23 by $0.08. The company had revenue of $330.
34 million for the quarter, compared to the consensus estimate of $325.20 million. Bentley Systems had a return on equity of 31.
71% and a net margin of 29.17%. Bentley Systems’s quarterly revenue was up 11.
3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.20 earnings per share.
Equities research analysts expect that Bentley Systems, Incorporated will post 0.9 EPS for the current year. Bentley Systems Dividend Announcement The company also recently announced a quarterly dividend, which was paid on Thursday, September 26th.
Investors of record on Tuesday, September 17th were paid a dividend of $0.06 per share. This represents a $0.
24 dividend on an annualized basis and a dividend yield of 0.47%. The ex-dividend date of this dividend was Tuesday, September 17th.
Bentley Systems’s dividend payout ratio (DPR) is 22.43%. Insider Buying and Selling In other Bentley Systems news, Director Raymond B.
Bentley sold 91,045 shares of the firm’s stock in a transaction dated 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 sale, the director now directly owns 16,598,656 shares of the company’s stock, valued at $820,471,566.08.
The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink . In related news, Director Barry J. Bentley sold 50,000 shares of the company’s stock in a transaction on Monday, September 23rd.
The shares were sold at an average price of $50.20, for a total transaction of $2,510,000.00.
Following the completion of the transaction, the director now owns 12,298,230 shares in the company, valued at $617,371,146. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink . Also, Director Raymond B.
Bentley sold 91,045 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $49.43, for a total transaction of $4,500,354.
35. Following the transaction, the director now directly owns 16,598,656 shares of the company’s stock, valued at $820,471,566.08.
The disclosure for this sale can be found here . 21.12% of the stock is currently owned by insiders.
Bentley Systems Company Profile ( Free Report ) 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. Featured Stories Five stocks we like better than Bentley Systems Breakout Stocks: What They Are and How to Identify Them TJX Stock: A Buying Opportunity Before the Holiday Rush The Most Important Warren Buffett Stock for Investors: His Own Micron’s Blowout Results Pave the Way for Seagate’s Stock Surge Stock Market Holidays 2022-2025 – Here’s When the NYSE and NASDAQ Will be Closed Zeta Global’s AI Cloud: Your Secret Weapon for Massive Growth Want to see what other hedge funds are holding BSY? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Bentley Systems, Incorporated ( NASDAQ:BSY – Free Report ). Receive News & Ratings for Bentley Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bentley Systems and related companies with MarketBeat.com's FREE daily email newsletter .
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