Bessemer Group Inc. Has $127.99 Million Stock Holdings in Bentley Systems, Incorporated $BSY

Bessemer Group Inc. grew its position in Bentley Systems, Incorporated (NASDAQ:BSY) by 27.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,486,139 shares of the company’s stock after purchasing an additional 534,776 shares during the quarter. Bessemer Group Inc. owned approximately 0.85% of Bentley Systems worth $127,986,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of BSY. AGF Management Ltd. grew its stake in shares of Bentley Systems by 64.2% in the third quarter. AGF Management Ltd. now owns 180,633 shares of the company’s stock worth $9,299,000 after acquiring an additional 70,650 shares during the last quarter. Manning & Napier Advisors LLC bought a new stake in Bentley Systems in the 3rd quarter valued at $122,028,000. Rakuten Investment Management Inc. acquired a new stake in Bentley Systems in the 3rd quarter worth $4,305,000. Pacer Advisors Inc. increased its holdings in shares of Bentley Systems by 90.8% during the 3rd quarter. Pacer Advisors Inc. now owns 676,740 shares of the company’s stock worth $34,839,000 after purchasing an additional 322,012 shares during the period. Finally, AlphaQuest LLC raised its position in shares of Bentley Systems by 621.2% during the third quarter. AlphaQuest LLC now owns 82,091 shares of the company’s stock valued at $4,226,000 after buying an additional 70,708 shares during the last quarter. 44.16% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on BSY. Royal Bank Of Canada decreased their target price on Bentley Systems from $65.00 to $48.00 and set an “outperform” rating on the stock in a research report on Monday, January 5th. Piper Sandler reduced their price objective on Bentley Systems from $63.00 to $60.00 and set an “overweight” rating for the company in a research report on Thursday, November 6th. Barclays lowered their price objective on Bentley Systems from $57.00 to $47.00 and set an “equal weight” rating on the stock in a research report on Monday, January 12th. Oppenheimer cut their target price on Bentley Systems from $65.00 to $53.00 and set an “outperform” rating for the company in a research note on Tuesday, January 20th. Finally, Robert W. Baird set a $55.00 price target on shares of Bentley Systems in a research note on Wednesday, January 7th. Eight equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $53.00.

Bentley Systems Stock Performance

Shares of NASDAQ:BSY opened at $32.01 on Friday. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.61 and a quick ratio of 0.61. The business’s fifty day moving average price is $39.02 and its two-hundred day moving average price is $47.26. Bentley Systems, Incorporated has a fifty-two week low of $30.97 and a fifty-two week high of $59.25. The stock has a market capitalization of $9.35 billion, a price-to-earnings ratio of 38.11, a price-to-earnings-growth ratio of 2.27 and a beta of 1.21.

Bentley Systems (NASDAQ:BSY) last issued its earnings results on Wednesday, November 5th. The company reported $0.27 EPS for the quarter, meeting the consensus estimate of $0.27. The company had revenue of $375.55 million for the quarter, compared to the consensus estimate of $369.57 million. Bentley Systems had a net margin of 18.45% and a return on equity of 28.16%. The firm’s revenue for the quarter was up 12.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.24 EPS. As a group, analysts predict that Bentley Systems, Incorporated will post 0.88 EPS for the current fiscal year.

Bentley Systems Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 11th. Stockholders of record on Thursday, December 4th were issued a dividend of $0.07 per share. The ex-dividend date of this dividend was Thursday, December 4th. This represents a $0.28 annualized dividend and a dividend yield of 0.9%. Bentley Systems’s dividend payout ratio (DPR) is presently 33.33%.

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.