Aberdeen Group plc Buys Shares of 3,724 Bentley Systems, Incorporated $BSY

Aberdeen Group plc purchased a new position in shares of Bentley Systems, Incorporated (NASDAQ:BSY) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 3,724 shares of the company’s stock, valued at approximately $201,000.

A number of other institutional investors have also modified their holdings of the company. Fifth Third Bancorp lifted its stake in Bentley Systems by 106.6% during the 1st quarter. Fifth Third Bancorp now owns 843 shares of the company’s stock worth $33,000 after acquiring an additional 435 shares in the last quarter. Covea Finance increased its stake in Bentley Systems by 33.6% during the first quarter. Covea Finance now owns 37,000 shares of the company’s stock worth $1,456,000 after purchasing an additional 9,300 shares during the period. Asset Management One Co. Ltd. lifted its position in shares of Bentley Systems by 4.0% during the first quarter. Asset Management One Co. Ltd. now owns 60,990 shares of the company’s stock worth $2,399,000 after purchasing an additional 2,332 shares in the last quarter. Cooper Investors PTY Ltd. acquired a new stake in shares of Bentley Systems during the first quarter worth about $4,765,000. Finally, Lecap Asset Management Ltd. purchased a new position in shares of Bentley Systems in the first quarter valued at approximately $1,612,000. 44.16% of the stock is owned by institutional investors and hedge funds.

Bentley Systems Trading Up 2.0%

NASDAQ:BSY opened at $51.30 on Friday. Bentley Systems, Incorporated has a 1 year low of $36.51 and a 1 year high of $59.25. The stock has a market cap of $14.98 billion, a P/E ratio of 64.94, a P/E/G ratio of 4.14 and a beta of 1.07. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.51 and a current ratio of 0.51. The stock has a 50-day simple moving average of $52.97 and a 200-day simple moving average of $50.74.

Bentley Systems (NASDAQ:BSY) last issued its earnings results on Wednesday, August 6th. The company reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.03. The business had revenue of $364.11 million for the quarter, compared to analyst estimates of $363.51 million. Bentley Systems had a return on equity of 28.41% and a net margin of 17.91%.The business’s quarterly revenue was up 10.2% on a year-over-year basis. During the same quarter last year, the company earned $0.31 EPS. As a group, analysts anticipate that Bentley Systems, Incorporated will post 0.88 earnings per share for the current fiscal year.

Bentley Systems Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 23rd were given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 0.5%. The ex-dividend date was Tuesday, September 23rd. Bentley Systems’s payout ratio is currently 35.44%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. KeyCorp upped their target price on shares of Bentley Systems from $56.00 to $59.00 and gave the stock an “overweight” rating in a research note on Monday, July 7th. Piper Sandler boosted their price target on shares of Bentley Systems from $57.00 to $63.00 and gave the stock an “overweight” rating in a research note on Thursday, August 7th. Wall Street Zen lowered Bentley Systems from a “buy” rating to a “hold” rating in a research report on Wednesday, July 16th. The Goldman Sachs Group lifted their target price on Bentley Systems from $42.00 to $47.00 and gave the company a “sell” rating in a report on Thursday, August 7th. Finally, Barclays initiated coverage on Bentley Systems in a research note on Tuesday, October 7th. They set an “equal weight” rating and a $57.00 target price for the company. Seven equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $56.64.

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 engineering applications, such as MicroStation, OpenBridge, OpenBuildings, OpenCities, OpenComms, OpenFlows, OpenPlant, OpenRail, OpenRoads, OpenSite, OpenTower, OpenTunnel, OpenUtilities, and OpenWindowPower; and open simulation engineering applications, including ADINA, AutoPIPE, CUBE, DYNAMEQ, EMME, LEGION, Power Line Systems, RAM, SACS, SPIDA, and STAAD; and geoprofessional applications for modeling and simulation of near and deep subsurface conditions, including AGS, Central, GeoStudio, Imago, Leapfrog, MX Deposit, Oasis montaj, OpenGround, and PLAXIS.