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

Northwestern Mutual Investment Management Company LLC bought a new stake in Bentley Systems, Incorporated (NASDAQ:BSY) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm bought 33,321 shares of the company’s stock, valued at approximately $1,272,000.

Several other hedge funds have also recently bought and sold shares of BSY. Geneos Wealth Management Inc. increased its holdings in Bentley Systems by 1,529.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 668 shares of the company’s stock valued at $26,000 after buying an additional 627 shares during the period. Baillie Gifford & Co. bought a new position in Bentley Systems in the 3rd quarter valued at about $28,000. National Pension Service bought a new position in Bentley Systems in the 3rd quarter valued at about $28,000. Pekao Towarzystwo Funduszy Inwestycyjnych S.A. bought a new position in Bentley Systems in the 4th quarter valued at about $34,000. Finally, Caitong International Asset Management Co. Ltd bought a new position in Bentley Systems in the 3rd quarter valued at about $37,000. 44.16% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have commented on BSY. Oppenheimer decreased their target price on shares of Bentley Systems from $53.00 to $43.00 and set an “outperform” rating on the stock in a report on Friday, February 27th. Barclays raised their target price on shares of Bentley Systems from $47.00 to $49.00 and gave the company an “equal weight” rating in a report on Friday, March 6th. Piper Sandler raised shares of Bentley Systems from a “neutral” rating to an “overweight” rating and raised their target price for the company from $42.00 to $45.00 in a report on Friday, May 8th. Bank of America began coverage on shares of Bentley Systems in a report on Tuesday, May 12th. They issued a “buy” rating and a $40.00 target price on the stock. Finally, BMO Capital Markets reissued an “outperform” rating on shares of Bentley Systems in a report on Monday, March 2nd. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $47.69.

Bentley Systems Stock Performance

Shares of Bentley Systems stock opened at $32.07 on Monday. The firm has a market capitalization of $9.37 billion, a PE ratio of 36.44, a price-to-earnings-growth ratio of 2.02 and a beta of 1.01. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.91. The firm’s 50 day moving average is $35.01 and its 200 day moving average is $38.01. Bentley Systems, Incorporated has a 1 year low of $30.52 and a 1 year high of $59.25.

Bentley Systems (NASDAQ:BSY) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.02. The company had revenue of $424.18 million for the quarter, compared to analyst estimates of $419.80 million. Bentley Systems had a net margin of 18.12% and a return on equity of 28.65%. The firm’s revenue was up 14.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.35 EPS. Equities research analysts forecast that Bentley Systems, Incorporated will post 1.23 earnings per share for the current fiscal year.

Bentley Systems Dividend Announcement

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

Bentley Systems Company 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.