Fieldview Capital Management LLC Takes $1.57 Million Position in Bentley Systems, Incorporated $BSY

Fieldview Capital Management LLC purchased a new position in shares of Bentley Systems, Incorporated (NASDAQ:BSY) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 30,579 shares of the company’s stock, valued at approximately $1,574,000.

Several other institutional investors also recently modified their holdings of BSY. William Blair Investment Management LLC bought a new position in Bentley Systems during the 3rd quarter worth $150,903,000. Manning & Napier Advisors LLC bought a new stake in shares of Bentley Systems in the 3rd quarter valued at about $122,028,000. Vanguard Group Inc. increased its stake in shares of Bentley Systems by 10.7% in the third quarter. Vanguard Group Inc. now owns 18,607,657 shares of the company’s stock valued at $957,922,000 after buying an additional 1,792,591 shares during the period. Norges Bank acquired a new stake in shares of Bentley Systems in the second quarter valued at about $56,452,000. Finally, Bessemer Group Inc. raised its position in shares of Bentley Systems by 27.4% during the third quarter. Bessemer Group Inc. now owns 2,486,139 shares of the company’s stock worth $127,986,000 after acquiring an additional 534,776 shares during the last quarter. Institutional investors own 44.16% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on BSY shares. Royal Bank Of Canada cut their price objective on Bentley Systems from $65.00 to $48.00 and set an “outperform” rating on the stock in a research note on Monday, January 5th. Piper Sandler decreased their target price on shares of Bentley Systems from $45.00 to $42.00 and set a “neutral” rating for the company in a research report on Monday, March 2nd. UBS Group lowered their price target on shares of Bentley Systems from $60.00 to $40.00 and set a “neutral” rating for the company in a report on Monday, February 23rd. Barclays boosted their price target on shares of Bentley Systems from $47.00 to $49.00 and gave the stock an “equal weight” rating in a research report on Friday. Finally, Robert W. Baird set a $55.00 price objective on shares of Bentley Systems in a research note on Wednesday, January 7th. Seven investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Bentley Systems currently has a consensus rating of “Hold” and a consensus target price of $48.50.

Bentley Systems Stock Performance

BSY stock opened at $40.22 on Tuesday. The firm has a market cap of $11.72 billion, a PE ratio of 46.77, a price-to-earnings-growth ratio of 2.67 and a beta of 1.18. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 1.05. The stock has a 50-day moving average price of $36.70 and a 200-day moving average price of $44.02. Bentley Systems, Incorporated has a 1-year low of $30.97 and a 1-year high of $59.25.

Bentley Systems (NASDAQ:BSY) last announced its earnings results on Thursday, February 26th. The company reported $0.27 EPS for the quarter, meeting the consensus estimate of $0.27. The company had revenue of $391.58 million for the quarter, compared to analyst estimates of $381.79 million. Bentley Systems had a return on equity of 28.82% and a net margin of 18.50%.The firm’s revenue for the quarter was up 11.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.21 EPS. As a group, equities research analysts expect that Bentley Systems, Incorporated will post 0.88 earnings per share for the current year.

Bentley Systems Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 19th. Shareholders of record on Tuesday, March 10th will be issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Tuesday, March 10th. Bentley Systems’s dividend payout ratio is presently 32.56%.

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.