Northwestern Mutual Investment Management Company LLC Purchases Shares of 33,321 Bentley Systems, Incorporated $BSY

Northwestern Mutual Investment Management Company LLC purchased a new stake in Bentley Systems, Incorporated (NASDAQ:BSY) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 33,321 shares of the company’s stock, valued at approximately $1,272,000.

A number of other large investors have also recently added to or reduced their stakes in BSY. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Bentley Systems by 8,101.5% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 447,555 shares of the company’s stock worth $17,081,000 after buying an additional 442,098 shares during the last quarter. Thrivent Financial for Lutherans lifted its stake in shares of Bentley Systems by 119.9% during the 4th quarter. Thrivent Financial for Lutherans now owns 61,501 shares of the company’s stock worth $2,347,000 after buying an additional 33,536 shares during the last quarter. Oregon Public Employees Retirement Fund acquired a new stake in shares of Bentley Systems during the 4th quarter worth about $1,137,000. Securian Asset Management Inc. acquired a new stake in shares of Bentley Systems during the 4th quarter worth about $414,000. Finally, Crossmark Global Holdings Inc. acquired a new stake in shares of Bentley Systems during the 4th quarter worth about $461,000. Institutional investors and hedge funds own 44.16% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. BMO Capital Markets restated an “outperform” rating on shares of Bentley Systems in a research note on Monday, March 2nd. Oppenheimer cut their target price on shares of Bentley Systems from $53.00 to $43.00 and set an “outperform” rating for the company in a research note on Friday, February 27th. Weiss Ratings cut shares of Bentley Systems from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, April 15th. Bank of America assumed coverage on shares of Bentley Systems in a research note on Tuesday, May 12th. They set a “buy” rating and a $40.00 target price for the company. Finally, UBS Group cut their target price on shares of Bentley Systems from $43.00 to $40.00 and set a “neutral” rating for the company in a research note on Monday, May 4th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, Bentley Systems currently has a consensus rating of “Moderate Buy” and a consensus target price of $47.69.

Bentley Systems Price Performance

NASDAQ:BSY opened at $32.07 on Monday. Bentley Systems, Incorporated has a 52 week low of $30.52 and a 52 week high of $59.25. The firm has a market cap of $9.37 billion, a price-to-earnings ratio of 36.44, a P/E/G ratio of 2.02 and a beta of 1.01. The firm’s 50-day simple moving average is $35.01 and its 200 day simple moving average is $38.01. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.51 and a current ratio of 0.51.

Bentley Systems (NASDAQ:BSY) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.38 EPS for the quarter, topping 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 business had revenue of $424.18 million for the quarter, compared to analyst estimates of $419.80 million. During the same period last year, the firm earned $0.35 earnings per share. Bentley Systems’s revenue for the quarter was up 14.5% compared to the same quarter last year. As a group, sell-side analysts predict that Bentley Systems, Incorporated will post 1.23 earnings per share for the current year.

Bentley Systems Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 19th. Investors of record on Tuesday, March 10th were given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend was Tuesday, March 10th. Bentley Systems’s dividend payout ratio (DPR) is currently 31.82%.

About Bentley Systems

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.