Aberdeen Group plc Invests $201,000 in Bentley Systems, Incorporated $BSY

Aberdeen Group plc bought a new stake in Bentley Systems, Incorporated (NASDAQ:BSY) in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 3,724 shares of the company’s stock, valued at approximately $201,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Geneos Wealth Management Inc. increased its position in Bentley Systems by 1,529.3% during the first quarter. Geneos Wealth Management Inc. now owns 668 shares of the company’s stock worth $26,000 after buying an additional 627 shares during the period. Twin Tree Management LP grew its position in shares of Bentley Systems by 361.9% during the first quarter. Twin Tree Management LP now owns 739 shares of the company’s stock worth $29,000 after acquiring an additional 579 shares during the last quarter. Larson Financial Group LLC increased its holdings in shares of Bentley Systems by 1,707.1% in the 1st quarter. Larson Financial Group LLC now owns 759 shares of the company’s stock valued at $30,000 after acquiring an additional 717 shares during the period. Fifth Third Bancorp increased its holdings in shares of Bentley Systems by 106.6% in the 1st quarter. Fifth Third Bancorp now owns 843 shares of the company’s stock valued at $33,000 after acquiring an additional 435 shares during the period. Finally, HM Payson & Co. purchased a new stake in Bentley Systems in the 1st quarter valued at $45,000. Hedge funds and other institutional investors own 44.16% of the company’s stock.

Bentley Systems Price Performance

Shares of NASDAQ:BSY opened at $51.30 on Friday. Bentley Systems, Incorporated has a 52 week low of $36.51 and a 52 week high of $59.25. The company has a 50-day moving average price of $52.97 and a 200 day moving average price of $50.74. The company has a market cap of $14.98 billion, a P/E ratio of 64.94, a PEG ratio of 4.14 and a beta of 1.07. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 1.07.

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

Bentley Systems Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 23rd were issued a $0.07 dividend. The ex-dividend date of this dividend was Tuesday, September 23rd. This represents a $0.28 dividend on an annualized basis and a yield of 0.5%. Bentley Systems’s dividend payout ratio (DPR) is 35.44%.

Analysts Set New Price Targets

Several brokerages have issued reports on BSY. KeyCorp raised their price objective on shares of Bentley Systems from $56.00 to $59.00 and gave the stock an “overweight” rating in a research report on Monday, July 7th. Weiss Ratings reissued a “hold (c)” rating on shares of Bentley Systems in a report on Wednesday, October 8th. The Goldman Sachs Group upped their price objective on Bentley Systems from $42.00 to $47.00 and gave the company a “sell” rating in a research note on Thursday, August 7th. Robert W. Baird set a $64.00 price objective on Bentley Systems and gave the stock an “outperform” rating in a research report on Wednesday, July 30th. Finally, UBS Group lifted their target price on Bentley Systems from $53.00 to $60.00 and gave the company a “neutral” rating in a research note on Thursday, August 7th. Seven investment 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’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $56.64.

Bentley Systems Company 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.