Forsta AP Fonden bought a new stake in shares of Bentley Systems, Incorporated (NASDAQ:BSY) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 113,100 shares of the company’s stock, valued at approximately $6,858,000.
A number of other large investors have also bought and sold shares of the stock. Wolff Wiese Magana LLC increased its position in Bentley Systems by 135.1% in the 3rd quarter. Wolff Wiese Magana LLC now owns 435 shares of the company’s stock worth $26,000 after purchasing an additional 250 shares during the last quarter. Shell Asset Management Co. acquired a new position in Bentley Systems in the 2nd quarter worth about $46,000. NEXT Financial Group Inc increased its holdings in shares of Bentley Systems by 166.7% during the 3rd quarter. NEXT Financial Group Inc now owns 800 shares of the company’s stock valued at $49,000 after acquiring an additional 500 shares during the last quarter. PNC Financial Services Group Inc. acquired a new position in shares of Bentley Systems during the 2nd quarter valued at about $52,000. Finally, Cullen Frost Bankers Inc. acquired a new position in shares of Bentley Systems during the 3rd quarter valued at about $67,000. 33.39% of the stock is currently owned by hedge funds and other institutional investors.
Separately, Zacks Investment Research cut Bentley Systems from a “buy” rating to a “hold” rating in a report on Thursday, November 18th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $66.91.
BSY stock opened at $39.28 on Friday. The business’s 50-day moving average price is $49.58 and its two-hundred day moving average price is $57.95. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 3.44. The firm has a market cap of $10.63 billion, a PE ratio of 119.03, a P/E/G ratio of 6.05 and a beta of 0.41. Bentley Systems, Incorporated has a 1-year low of $38.34 and a 1-year high of $71.92.
Bentley Systems (NASDAQ:BSY) last issued its quarterly earnings results on Monday, November 8th. The company reported $0.18 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.02. The company had revenue of $248.50 million for the quarter, compared to analyst estimates of $248.16 million. Bentley Systems had a return on equity of 55.39% and a net margin of 11.34%. The company’s quarterly revenue was up 22.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.17 earnings per share. On average, analysts forecast that Bentley Systems, Incorporated will post 0.67 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Thursday, December 16th. Investors of record on Thursday, December 9th were given a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.31%. The ex-dividend date was Wednesday, December 8th. Bentley Systems’s dividend payout ratio is currently 36.36%.
Bentley Systems Profile
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 and open simulation applications for infrastructure design integration, which include MicroStation, OpenRoads, OpenRail, OpenPlant, OpenBuildings, OpenBridge, OpenSite, OpenWindPower, OpenTower, STAAD and RAM, LEAP and RM, SACS, MOSES, PLAXIS, SITEOPS, AutoPIPE, and LumenRT.
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