Bentley Systems, Incorporated $BSY Holdings Boosted by Montanaro Asset Management Ltd

Montanaro Asset Management Ltd grew its position in shares of Bentley Systems, Incorporated (NASDAQ:BSY) by 41.3% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 436,900 shares of the company’s stock after purchasing an additional 127,661 shares during the quarter. Bentley Systems makes up about 6.1% of Montanaro Asset Management Ltd’s holdings, making the stock its largest position. Montanaro Asset Management Ltd’s holdings in Bentley Systems were worth $23,579,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in BSY. Geneos Wealth Management Inc. grew its holdings in shares of 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 purchasing an additional 627 shares during the last quarter. Twin Tree Management LP grew its holdings 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 buying an additional 579 shares during the last quarter. Larson Financial Group LLC grew its holdings in shares of Bentley Systems by 1,707.1% during the first quarter. Larson Financial Group LLC now owns 759 shares of the company’s stock worth $30,000 after buying an additional 717 shares during the last quarter. Assetmark Inc. grew its holdings in shares of Bentley Systems by 682.8% during the second quarter. Assetmark Inc. now owns 728 shares of the company’s stock worth $39,000 after buying an additional 635 shares during the last quarter. Finally, HM Payson & Co. purchased a new position in shares of Bentley Systems during the first quarter worth about $45,000. Hedge funds and other institutional investors own 44.16% of the company’s stock.

Bentley Systems Price Performance

Shares of BSY opened at $50.83 on Monday. Bentley Systems, Incorporated has a twelve month low of $36.51 and a twelve month high of $59.25. The stock’s 50 day moving average is $52.64 and its two-hundred day moving average is $51.62. The firm has a market capitalization of $14.85 billion, a PE ratio of 64.34, a P/E/G ratio of 4.10 and a beta of 1.12. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 1.07.

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

Bentley Systems Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 23rd were given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date was Tuesday, September 23rd. Bentley Systems’s dividend payout ratio (DPR) is presently 35.44%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on BSY. Rosenblatt Securities raised Bentley Systems from a “neutral” rating to a “buy” rating and set a $58.00 price target on the stock in a report on Friday, October 17th. Wall Street Zen lowered Bentley Systems from a “buy” rating to a “hold” rating in a report on Wednesday, July 16th. UBS Group raised their price target on Bentley Systems from $53.00 to $60.00 and gave the stock a “neutral” rating in a report on Thursday, August 7th. Barclays started coverage on Bentley Systems in a report on Tuesday, October 7th. They set an “equal weight” rating and a $57.00 price target on the stock. Finally, Piper Sandler lifted their price objective on Bentley Systems from $57.00 to $63.00 and gave the company an “overweight” rating in a report on Thursday, August 7th. Seven equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Bentley Systems currently has a consensus rating of “Moderate Buy” and an average 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.