Inspire Investing LLC Invests $1.98 Million in Bentley Systems, Incorporated $BSY

Inspire Investing LLC acquired a new stake in shares of Bentley Systems, Incorporated (NASDAQ:BSY) in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 38,524 shares of the company’s stock, valued at approximately $1,983,000.

Other hedge funds also recently bought and sold shares of the company. Geneos Wealth Management Inc. lifted its position in shares of Bentley Systems by 1,529.3% during the first quarter. Geneos Wealth Management Inc. now owns 668 shares of the company’s stock worth $26,000 after purchasing an additional 627 shares during the last quarter. Twin Tree Management LP grew its holdings in shares of Bentley Systems by 361.9% in the first quarter. Twin Tree Management LP now owns 739 shares of the company’s stock worth $29,000 after purchasing an additional 579 shares during the last quarter. Allworth Financial LP grew its holdings in shares of Bentley Systems by 37.6% in the second quarter. Allworth Financial LP now owns 702 shares of the company’s stock worth $38,000 after purchasing an additional 192 shares during the last quarter. Assetmark Inc. increased its stake in Bentley Systems by 682.8% in the 2nd quarter. Assetmark Inc. now owns 728 shares of the company’s stock worth $39,000 after buying an additional 635 shares during the period. Finally, Whittier Trust Co. lifted its holdings in Bentley Systems by 237.4% during the 2nd quarter. Whittier Trust Co. now owns 830 shares of the company’s stock valued at $45,000 after buying an additional 584 shares in the last quarter. Institutional investors own 44.16% of the company’s stock.

Bentley Systems Trading Down 0.6%

BSY opened at $38.92 on Friday. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 1.04. The firm has a market cap of $11.37 billion, a price-to-earnings ratio of 46.33, a PEG ratio of 3.05 and a beta of 1.23. Bentley Systems, Incorporated has a 12 month low of $36.51 and a 12 month high of $59.25. The stock has a fifty day moving average price of $44.32 and a 200-day moving average price of $50.51.

Bentley Systems (NASDAQ:BSY) last posted its earnings results on Wednesday, November 5th. The company reported $0.27 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.27. The company had revenue of $375.55 million for the quarter, compared to analyst estimates of $369.57 million. Bentley Systems had a return on equity of 28.16% and a net margin of 18.45%.The firm’s quarterly revenue was up 12.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.24 earnings per share. As a group, equities research analysts anticipate that Bentley Systems, Incorporated will post 0.88 earnings per share for the current fiscal year.

Bentley Systems Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 11th. Investors of record on Thursday, December 4th were paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 0.7%. The ex-dividend date was Thursday, December 4th. Bentley Systems’s payout ratio is 33.33%.

Wall Street Analyst Weigh In

BSY has been the topic of a number of research reports. Barclays assumed coverage on shares of Bentley Systems in a research report on Tuesday, October 7th. They set an “equal weight” rating and a $57.00 target price on the stock. Rosenblatt Securities restated a “buy” rating and set a $58.00 price objective on shares of Bentley Systems in a report on Thursday, November 6th. Weiss Ratings reiterated a “hold (c)” rating on shares of Bentley Systems in a report on Wednesday, October 8th. Robert W. Baird dropped their price target on Bentley Systems from $64.00 to $62.00 and set an “outperform” rating on the stock in a research report on Thursday, November 6th. Finally, JPMorgan Chase & Co. decreased their price objective on Bentley Systems from $56.00 to $51.00 and set a “neutral” rating for the company in a report on Thursday, November 6th. Seven equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $56.73.

Bentley Systems Company Profile

Bentley Systems, Inc is a global software provider specializing in infrastructure engineering applications for the design, construction, and operations of roads, bridges, rail and transit systems, water and wastewater networks, power plants and grids, industrial facilities, and communications infrastructure. Founded in 1984 by brothers Keith and Barry Bentley, the company is headquartered in Exton, Pennsylvania, and maintains offices and development centers across North America, Europe, Asia, and Australia.