Bentley Systems, Incorporated $BSY Shares Bought by Fisher Asset Management LLC

Fisher Asset Management LLC grew its holdings in shares of Bentley Systems, Incorporated (NASDAQ:BSY) by 31.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 226,610 shares of the company’s stock after acquiring an additional 54,805 shares during the period. Fisher Asset Management LLC’s holdings in Bentley Systems were worth $8,649,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. National Pension Service acquired a new stake in shares of Bentley Systems during the third quarter valued at about $28,000. Geneos Wealth Management Inc. grew its stake 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 valued at $26,000 after acquiring an additional 627 shares in the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Bentley Systems during the third quarter valued at about $37,000. Physician Wealth Advisors Inc. acquired a new stake in shares of Bentley Systems during the third quarter valued at about $39,000. Finally, IFP Advisors Inc grew its stake in shares of Bentley Systems by 174.5% during the third quarter. IFP Advisors Inc now owns 763 shares of the company’s stock valued at $39,000 after acquiring an additional 485 shares in the last quarter. 44.16% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Bank of America assumed coverage on Bentley Systems in a research note on Tuesday, May 12th. They set a “buy” rating and a $40.00 target price for the company. BMO Capital Markets reiterated an “outperform” rating on shares of Bentley Systems in a research note on Monday, March 2nd. UBS Group decreased their price target on Bentley Systems from $43.00 to $40.00 and set a “neutral” rating for the company in a research note on Monday, May 4th. Weiss Ratings downgraded Bentley Systems from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, April 15th. Finally, Barclays lifted their price target on Bentley Systems from $47.00 to $49.00 and gave the stock an “equal weight” rating in a research note on Friday, March 6th. Nine research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $47.69.

Bentley Systems Stock Performance

Shares of NASDAQ BSY opened at $32.06 on Thursday. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.91. The firm’s 50-day moving average price is $34.05 and its two-hundred day moving average price is $37.07. Bentley Systems, Incorporated has a 52-week low of $30.52 and a 52-week high of $59.25. The stock has a market capitalization of $9.37 billion, a P/E ratio of 36.43, a P/E/G ratio of 2.06 and a beta of 1.01.

Bentley Systems (NASDAQ:BSY) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.38 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.02. The company had revenue of $424.18 million for the quarter, compared to analysts’ expectations of $419.80 million. Bentley Systems had a return on equity of 28.65% and a net margin of 18.12%.The business’s revenue for the quarter was up 14.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.35 earnings per share. As a group, sell-side analysts forecast that Bentley Systems, Incorporated will post 1.23 earnings per share for the current year.

Bentley Systems Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 11th. Stockholders of record on Tuesday, June 2nd will be issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Tuesday, June 2nd. Bentley Systems’s payout ratio is 31.82%.

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.