Hsbc Holdings PLC Has $5.33 Million Holdings in Bentley Systems, Incorporated $BSY

Hsbc Holdings PLC raised its position in shares of Bentley Systems, Incorporated (NASDAQ:BSY) by 104.8% in the fourth quarter, HoldingsChannel reports. The fund owned 139,008 shares of the company’s stock after acquiring an additional 71,128 shares during the period. Hsbc Holdings PLC’s holdings in Bentley Systems were worth $5,325,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently made changes to their positions in BSY. Cresset Asset Management LLC grew its stake in shares of Bentley Systems by 6.5% during the third quarter. Cresset Asset Management LLC now owns 4,882 shares of the company’s stock worth $251,000 after buying an additional 296 shares during the last quarter. Public Employees Retirement System of Ohio increased its holdings in shares of Bentley Systems by 0.6% during the third quarter. Public Employees Retirement System of Ohio now owns 49,175 shares of the company’s stock worth $2,532,000 after buying an additional 305 shares in the last quarter. Lansforsakringar Fondforvaltning AB publ lifted its stake in shares of Bentley Systems by 0.7% in the 4th quarter. Lansforsakringar Fondforvaltning AB publ now owns 50,048 shares of the company’s stock valued at $1,910,000 after acquiring an additional 326 shares during the last quarter. National Pension Service boosted its holdings in shares of Bentley Systems by 63.0% during the 4th quarter. National Pension Service now owns 880 shares of the company’s stock valued at $34,000 after acquiring an additional 340 shares in the last quarter. Finally, Global Retirement Partners LLC boosted its holdings in shares of Bentley Systems by 63.7% during the 4th quarter. Global Retirement Partners LLC now owns 889 shares of the company’s stock valued at $34,000 after acquiring an additional 346 shares in the last quarter. Institutional investors own 44.16% of the company’s stock.

Bentley Systems Trading Down 0.1%

Shares of BSY stock opened at $31.61 on Friday. Bentley Systems, Incorporated has a 1-year low of $28.08 and a 1-year high of $59.25. 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 stock has a market cap of $9.24 billion, a price-to-earnings ratio of 35.92, a PEG ratio of 2.03 and a beta of 1.00. The stock has a 50-day moving average of $31.83 and a 200-day moving average of $34.75.

Bentley Systems (NASDAQ:BSY) last posted its quarterly earnings data 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 return on equity of 28.65% and a net margin of 18.12%.The company had revenue of $424.18 million for the quarter, compared to analyst estimates of $419.80 million. During the same period in the previous year, the firm earned $0.35 earnings per share. The firm’s quarterly revenue was up 14.5% on a year-over-year basis. On average, equities research analysts forecast that Bentley Systems, Incorporated will post 1.2 earnings per share for the current year.

Bentley Systems Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 11th. Stockholders of record on Tuesday, June 2nd were given a $0.07 dividend. The ex-dividend date was Tuesday, June 2nd. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.9%. Bentley Systems’s payout ratio is 31.82%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on BSY shares. Barclays lowered their target price on Bentley Systems from $49.00 to $40.00 and set an “equal weight” rating for the company in a report on Friday, May 29th. BNP Paribas Exane initiated coverage on Bentley Systems in a research note on Thursday, June 18th. They set an “outperform” rating and a $40.00 price target on the stock. Piper Sandler upgraded Bentley Systems from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $42.00 to $45.00 in a report on Friday, May 8th. Mizuho lowered their price objective on Bentley Systems from $50.00 to $45.00 and set an “outperform” rating for the company in a research note on Friday, May 8th. Finally, Weiss Ratings upgraded shares of Bentley Systems from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, June 30th. Nine research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $45.54.

Bentley Systems 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.