Bentley Systems, Incorporated $BSY Shares Sold by Fiera Capital Corp

Fiera Capital Corp cut its stake in shares of Bentley Systems, Incorporated (NASDAQ:BSY) by 15.5% in the 4th quarter, Holdings Channel.com reports. The firm owned 968,800 shares of the company’s stock after selling 178,010 shares during the period. Fiera Capital Corp’s holdings in Bentley Systems were worth $36,974,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of BSY. William Blair Investment Management LLC acquired a new stake in shares of Bentley Systems during the third quarter worth $150,903,000. Norges Bank acquired a new stake in shares of Bentley Systems during the fourth quarter worth $68,766,000. Vanguard Group Inc. lifted its holdings in shares of 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 during the period. Swedbank AB lifted its holdings in shares of Bentley Systems by 18.5% during the fourth quarter. Swedbank AB now owns 8,589,201 shares of the company’s stock worth $327,807,000 after purchasing an additional 1,338,706 shares during the period. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in shares of Bentley Systems by 303.8% during the third quarter. Arrowstreet Capital Limited Partnership now owns 627,165 shares of the company’s stock worth $32,286,000 after purchasing an additional 471,845 shares during the period. 44.16% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on BSY. BMO Capital Markets reaffirmed an “outperform” rating on shares of Bentley Systems in a report on Monday, March 2nd. Rosenblatt Securities decreased their price target on Bentley Systems from $58.00 to $50.00 and set a “buy” rating for the company in a report on Tuesday, February 24th. Mizuho reduced their target price on Bentley Systems from $50.00 to $45.00 and set an “outperform” rating for the company in a report on Friday, May 8th. Zacks Research downgraded Bentley Systems from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 21st. Finally, Bank of America assumed coverage on Bentley Systems in a report on Tuesday, May 12th. They issued a “buy” rating and a $40.00 target price for the company. Nine analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Bentley Systems presently has an average rating of “Hold” and a consensus target price of $47.00.

Bentley Systems Trading Up 0.3%

NASDAQ:BSY opened at $33.02 on Tuesday. The company has a market capitalization of $9.65 billion, a PE ratio of 37.52, a price-to-earnings-growth ratio of 2.13 and a beta of 1.00. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.91. Bentley Systems, Incorporated has a 52-week low of $30.52 and a 52-week high of $59.25. The stock has a fifty day simple moving average of $33.42 and a 200-day simple moving average of $36.46.

Bentley Systems (NASDAQ:BSY) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.02. The business had revenue of $424.18 million during the quarter, compared to the consensus estimate 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 was up 14.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.35 EPS. On average, equities research analysts expect that Bentley Systems, Incorporated will post 1.19 earnings per share for the current fiscal year.

Bentley Systems Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 11th. Stockholders of record on Tuesday, June 2nd will be paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend is Tuesday, June 2nd. Bentley Systems’s payout ratio is 31.82%.

Bentley Systems 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.