30,579 Shares in Bentley Systems, Incorporated $BSY Bought by Fieldview Capital Management LLC

Fieldview Capital Management LLC purchased a new position in Bentley Systems, Incorporated (NASDAQ:BSY) in the third quarter, Holdings Channel.com reports. The institutional investor purchased 30,579 shares of the company’s stock, valued at approximately $1,574,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. William Blair Investment Management LLC acquired a new position in shares of Bentley Systems during the third quarter valued at about $150,903,000. Manning & Napier Advisors LLC acquired a new stake in shares of Bentley Systems in the 3rd quarter valued at about $122,028,000. Vanguard Group Inc. grew its stake in shares of Bentley Systems by 10.7% in the 3rd quarter. Vanguard Group Inc. now owns 18,607,657 shares of the company’s stock valued at $957,922,000 after buying an additional 1,792,591 shares during the period. Norges Bank bought a new stake in Bentley Systems in the 2nd quarter valued at about $56,452,000. Finally, Bessemer Group Inc. raised its stake in Bentley Systems by 27.4% during the 3rd quarter. Bessemer Group Inc. now owns 2,486,139 shares of the company’s stock worth $127,986,000 after buying an additional 534,776 shares during the period. 44.16% of the stock is owned by institutional investors.

Bentley Systems Trading Up 1.1%

Shares of Bentley Systems stock opened at $40.22 on Tuesday. The company has a market capitalization of $11.72 billion, a P/E ratio of 46.77, a price-to-earnings-growth ratio of 2.67 and a beta of 1.18. The stock has a fifty day simple moving average of $36.70 and a 200 day simple moving average of $44.02. Bentley Systems, Incorporated has a 12-month low of $30.97 and a 12-month high of $59.25. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 1.05.

Bentley Systems (NASDAQ:BSY) last posted its quarterly earnings data on Thursday, February 26th. The company reported $0.27 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.27. Bentley Systems had a net margin of 18.50% and a return on equity of 28.82%. The firm had revenue of $391.58 million for the quarter, compared to the consensus estimate of $381.79 million. During the same period in the previous year, the firm earned $0.21 EPS. The business’s revenue for the quarter was up 11.9% compared to the same quarter last year. On average, sell-side analysts anticipate that Bentley Systems, Incorporated will post 0.88 earnings per share for the current fiscal year.

Bentley Systems Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 19th. Investors of record on Tuesday, March 10th will be issued a dividend of $0.07 per share. The ex-dividend date is Tuesday, March 10th. This represents a $0.28 annualized dividend and a yield of 0.7%. Bentley Systems’s payout ratio is 32.56%.

Analysts Set New Price Targets

A number of equities research analysts have commented on BSY shares. Mizuho reduced their price objective on Bentley Systems from $62.00 to $50.00 and set an “outperform” rating for the company in a research note on Friday, February 27th. Oppenheimer cut their target price on Bentley Systems from $53.00 to $43.00 and set an “outperform” rating on the stock in a report on Friday, February 27th. Royal Bank Of Canada reduced their price target on shares of Bentley Systems from $65.00 to $48.00 and set an “outperform” rating for the company in a research report on Monday, January 5th. UBS Group decreased their price target on shares of Bentley Systems from $60.00 to $40.00 and set a “neutral” rating for the company in a research note on Monday, February 23rd. Finally, BMO Capital Markets restated an “outperform” rating on shares of Bentley Systems in a report on Monday, March 2nd. Seven research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $48.50.

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.