Bentley Systems, Incorporated $BSY Shares Acquired by Comerica Bank

Comerica Bank lifted its position in shares of Bentley Systems, Incorporated (NASDAQ:BSY) by 106.8% during the 4th quarter, HoldingsChannel reports. The fund owned 61,147 shares of the company’s stock after purchasing an additional 31,576 shares during the period. Comerica Bank’s holdings in Bentley Systems were worth $2,334,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of BSY. William Blair Investment Management LLC purchased a new position in shares of Bentley Systems in the 3rd quarter valued at about $150,903,000. Manning & Napier Advisors LLC purchased a new position in Bentley Systems during the third quarter worth approximately $122,028,000. Vanguard Group Inc. boosted its position in Bentley Systems by 10.7% during the third quarter. Vanguard Group Inc. now owns 18,607,657 shares of the company’s stock worth $957,922,000 after purchasing an additional 1,792,591 shares in the last quarter. Bessemer Group Inc. grew its holdings in Bentley Systems by 27.4% in the third quarter. Bessemer Group Inc. now owns 2,486,139 shares of the company’s stock valued at $127,986,000 after purchasing an additional 534,776 shares during the period. Finally, Arrowstreet Capital Limited Partnership grew its holdings in Bentley Systems by 303.8% in the third quarter. Arrowstreet Capital Limited Partnership now owns 627,165 shares of the company’s stock valued at $32,286,000 after purchasing an additional 471,845 shares during the period. 44.16% of the stock is currently owned by institutional investors and hedge funds.

Bentley Systems Stock Performance

Shares of NASDAQ:BSY opened at $33.15 on Wednesday. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.56 and a quick ratio of 0.56. The business’s 50 day moving average price is $35.56 and its 200-day moving average price is $39.10. The firm has a market capitalization of $9.67 billion, a PE ratio of 38.55, a P/E/G ratio of 2.26 and a beta of 1.01. Bentley Systems, Incorporated has a 1 year low of $30.83 and a 1 year high of $59.25.

Bentley Systems (NASDAQ:BSY) last posted its quarterly earnings data on Thursday, February 26th. The company reported $0.27 EPS for the quarter, meeting the consensus estimate of $0.27. The firm had revenue of $391.58 million during the quarter, compared to the consensus estimate of $381.79 million. Bentley Systems had a return on equity of 28.82% and a net margin of 18.50%.The firm’s revenue was up 11.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.21 EPS. As a group, equities research analysts expect that Bentley Systems, Incorporated will post 1.23 earnings per share for the current fiscal year.

Bentley Systems Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 19th. Investors of record on Tuesday, March 10th were issued a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend was Tuesday, March 10th. Bentley Systems’s dividend payout ratio (DPR) is currently 32.56%.

Analyst Upgrades and Downgrades

BSY has been the subject of several research analyst reports. Weiss Ratings downgraded Bentley Systems from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, April 15th. Robert W. Baird set a $55.00 price target on shares of Bentley Systems in a report on Wednesday, January 7th. Oppenheimer reduced their price objective on shares of Bentley Systems from $53.00 to $43.00 and set an “outperform” rating for the company in a research report on Friday, February 27th. Barclays increased their price objective on shares of Bentley Systems from $47.00 to $49.00 and gave the company an “equal weight” rating in a report on Friday, March 6th. Finally, Rosenblatt Securities dropped their target price on shares of Bentley Systems from $58.00 to $50.00 and set a “buy” rating on the stock in a research report on Tuesday, February 24th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $48.50.

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.