Sepio Capital LP Makes New Investment in Bentley Systems, Incorporated $BSY

Sepio Capital LP purchased a new stake in shares of Bentley Systems, Incorporated (NASDAQ:BSY) during the second quarter, Holdings Channel.com reports. The firm purchased 6,658 shares of the company’s stock, valued at approximately $359,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Allworth Financial LP grew its holdings in shares of Bentley Systems by 37.6% during the second quarter. Allworth Financial LP now owns 702 shares of the company’s stock valued at $38,000 after buying an additional 192 shares during the last quarter. Blue Trust Inc. raised its stake in shares of Bentley Systems by 19.3% in the second quarter. Blue Trust Inc. now owns 1,305 shares of the company’s stock worth $70,000 after purchasing an additional 211 shares during the last quarter. Thrive Wealth Management LLC boosted its holdings in shares of Bentley Systems by 4.1% in the 2nd quarter. Thrive Wealth Management LLC now owns 8,101 shares of the company’s stock valued at $437,000 after acquiring an additional 316 shares during the last quarter. Atria Investments Inc lifted its position in Bentley Systems by 0.4% during the second quarter. Atria Investments Inc now owns 81,052 shares of the company’s stock valued at $4,374,000 after purchasing an additional 323 shares during the period. Finally, Wealth Alliance LLC grew its position in Bentley Systems by 4.4% during the 2nd quarter. Wealth Alliance LLC now owns 8,304 shares of the company’s stock worth $448,000 after purchasing an additional 353 shares during the period. 44.16% of the stock is currently owned by institutional investors and hedge funds.

Bentley Systems Price Performance

Shares of Bentley Systems stock opened at $41.85 on Tuesday. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.61 and a quick ratio of 0.61. Bentley Systems, Incorporated has a 12 month low of $36.51 and a 12 month high of $59.25. The stock has a market capitalization of $12.22 billion, a P/E ratio of 49.82, a PEG ratio of 3.28 and a beta of 1.23. The business has a 50 day simple moving average of $48.41 and a two-hundred day simple moving average of $51.46.

Bentley Systems (NASDAQ:BSY) last announced its quarterly earnings data on Wednesday, November 5th. The company reported $0.27 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.27. Bentley Systems had a return on equity of 28.16% and a net margin of 18.45%.The company had revenue of $375.55 million for the quarter, compared to analyst estimates of $369.57 million. During the same quarter last year, the firm posted $0.24 EPS. The firm’s revenue for the quarter was up 12.0% on a year-over-year basis. As a group, analysts predict that Bentley Systems, Incorporated will post 0.88 EPS for the current fiscal year.

Bentley Systems Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 11th. Investors of record on Thursday, December 4th will be given a dividend of $0.07 per share. The ex-dividend date is Thursday, December 4th. This represents a $0.28 dividend on an annualized basis and a yield of 0.7%. Bentley Systems’s payout ratio is presently 33.33%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Robert W. Baird decreased their price objective on Bentley Systems from $64.00 to $62.00 and set an “outperform” rating for the company in a report on Thursday, November 6th. JPMorgan Chase & Co. reduced their price target on Bentley Systems from $56.00 to $51.00 and set a “neutral” rating for the company in a research report on Thursday, November 6th. Barclays began coverage on Bentley Systems in a research report on Tuesday, October 7th. They issued an “equal weight” rating and a $57.00 price objective on the stock. The Goldman Sachs Group lifted their target price on shares of Bentley Systems from $42.00 to $47.00 and gave the company a “sell” rating in a report on Thursday, August 7th. Finally, Piper Sandler decreased their target price on shares of Bentley Systems from $63.00 to $60.00 and set an “overweight” rating for the company in a research note on Thursday, November 6th. Seven research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $56.73.

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.