Tensor Edge Capital LLC Takes Position in Bentley Systems, Incorporated $BSY

Tensor Edge Capital LLC bought a new position in shares of Bentley Systems, Incorporated (NASDAQ:BSY) in the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 83,333 shares of the company’s stock, valued at approximately $3,180,000. Bentley Systems accounts for about 0.9% of Tensor Edge Capital LLC’s investment portfolio, making the stock its 13th biggest position.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Shell Asset Management Co. lifted its holdings in Bentley Systems by 4.8% in the third quarter. Shell Asset Management Co. now owns 5,421 shares of the company’s stock valued at $279,000 after buying an additional 246 shares during the period. Wealth Enhancement Advisory Services LLC boosted its stake in Bentley Systems by 2.3% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 11,203 shares of the company’s stock worth $589,000 after acquiring an additional 247 shares in the last quarter. BLB&B Advisors LLC raised its holdings in shares of Bentley Systems by 0.5% during the third quarter. BLB&B Advisors LLC now owns 52,361 shares of the company’s stock valued at $2,696,000 after purchasing an additional 261 shares during the period. Lansforsakringar Fondforvaltning AB publ increased its position in Bentley Systems by 0.6% in the 3rd quarter. Lansforsakringar Fondforvaltning AB publ now owns 49,722 shares of the company’s stock valued at $2,560,000 after buying an additional 275 shares in the last quarter. Finally, Cresset Asset Management LLC raised its position in shares of Bentley Systems by 6.5% during the third quarter. Cresset Asset Management LLC now owns 4,882 shares of the company’s stock worth $251,000 after purchasing an additional 296 shares during the period. Institutional investors and hedge funds own 44.16% of the company’s stock.

Bentley Systems Trading Up 1.0%

NASDAQ BSY opened at $33.34 on Thursday. The stock has a market capitalization of $9.74 billion, a price-to-earnings ratio of 37.89, a PEG ratio of 2.07 and a beta of 1.01. The business’s fifty day moving average is $34.61 and its 200-day moving average is $37.64. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.51 and a quick ratio of 0.51. Bentley Systems, Incorporated has a one year low of $30.52 and a one year high of $59.25.

Bentley Systems (NASDAQ:BSY) last released its 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. Bentley Systems had a net margin of 18.12% and a return on equity of 28.65%. The firm had revenue of $424.18 million for the quarter, compared to analysts’ expectations of $419.80 million. During the same period in the previous year, the company earned $0.35 earnings per share. The company’s quarterly revenue was up 14.5% on a year-over-year basis. Equities research analysts predict that Bentley Systems, Incorporated will post 1.23 EPS for the current year.

Bentley Systems Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 19th. Stockholders of record on Tuesday, March 10th were given a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Tuesday, March 10th. Bentley Systems’s dividend payout ratio (DPR) is 31.82%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Mizuho dropped their price target on shares of Bentley Systems from $50.00 to $45.00 and set an “outperform” rating on the stock in a research report on Friday, May 8th. Oppenheimer dropped their price objective on Bentley Systems from $53.00 to $43.00 and set an “outperform” rating on the stock in a research note on Friday, February 27th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Bentley Systems in a report on Monday, March 2nd. Zacks Research upgraded shares of Bentley Systems from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 22nd. Finally, Weiss Ratings lowered shares of Bentley Systems from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, April 15th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $47.69.

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.