Bentley Systems, Incorporated $BSY Stock Position Raised by Quantinno Capital Management LP

Quantinno Capital Management LP increased its stake in Bentley Systems, Incorporated (NASDAQ:BSY) by 369.4% during the first quarter, HoldingsChannel.com reports. The fund owned 165,406 shares of the company’s stock after buying an additional 130,169 shares during the period. Quantinno Capital Management LP’s holdings in Bentley Systems were worth $5,809,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of BSY. Los Angeles Capital Management LLC acquired a new position in shares of Bentley Systems in the 4th quarter valued at $25,000. Geneos Wealth Management Inc. raised its holdings in Bentley Systems by 1,529.3% during the 1st 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. Physician Wealth Advisors Inc. lifted its stake in Bentley Systems by 80.2% during the first quarter. Physician Wealth Advisors Inc. now owns 791 shares of the company’s stock valued at $28,000 after buying an additional 352 shares in the last quarter. Royal London Asset Management Ltd. purchased a new stake in Bentley Systems during the fourth quarter valued at about $32,000. Finally, Pekao Towarzystwo Funduszy Inwestycyjnych S.A. acquired a new position in shares of Bentley Systems in the fourth quarter worth about $34,000. 44.16% of the stock is owned by institutional investors and hedge funds.

Bentley Systems Trading Down 1.9%

Bentley Systems stock opened at $35.36 on Friday. Bentley Systems, Incorporated has a one year low of $28.08 and a one year high of $57.25. The company’s fifty day moving average price is $32.09 and its two-hundred day moving average price is $33.94. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.51 and a quick ratio of 0.51. The company has a market capitalization of $10.34 billion, a price-to-earnings ratio of 40.18, a PEG ratio of 2.32 and a beta of 0.98.

Bentley Systems (NASDAQ:BSY) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.03. The company had revenue of $410.73 million during the quarter, compared to analysts’ expectations of $412.12 million. Bentley Systems had a return on equity of 28.65% and a net margin of 18.12%.The business’s quarterly revenue was up 12.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.32 earnings per share. On average, analysts forecast that Bentley Systems, Incorporated will post 1.2 earnings per share for the current fiscal year.

Bentley Systems Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 11th. Investors of record on Tuesday, June 2nd were issued a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 0.8%. The ex-dividend date was Tuesday, June 2nd. Bentley Systems’s payout ratio is 31.82%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on BSY shares. Bank of America assumed coverage on shares of Bentley Systems in a report on Tuesday, May 12th. They set a “buy” rating and a $40.00 price target on the stock. Mizuho reduced their target price on Bentley Systems from $50.00 to $45.00 and set an “outperform” rating for the company in a report on Friday, May 8th. Weiss Ratings downgraded Bentley Systems from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, July 16th. BMO Capital Markets set a $41.00 price objective on Bentley Systems in a research note on Friday, July 24th. Finally, BNP Paribas Exane began coverage on Bentley Systems in a research report on Thursday, June 18th. They set an “outperform” rating and a $40.00 price objective for the company. Nine research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $44.83.

About Bentley Systems

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.