Everpar Advisors LLC Makes New Investment in Bentley Systems, Incorporated (NASDAQ:BSY)

Everpar Advisors LLC acquired a new stake in shares of Bentley Systems, Incorporated (NASDAQ:BSY) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 21,204 shares of the company’s stock, valued at approximately $1,106,000.

Several other hedge funds have also recently modified their holdings of BSY. International Assets Investment Management LLC purchased a new position in Bentley Systems during the 4th quarter valued at approximately $6,382,000. Handelsbanken Fonder AB grew its holdings in shares of Bentley Systems by 5.0% in the fourth quarter. Handelsbanken Fonder AB now owns 793,900 shares of the company’s stock valued at $41,426,000 after purchasing an additional 38,120 shares in the last quarter. Raymond James & Associates increased its position in Bentley Systems by 2.8% in the fourth quarter. Raymond James & Associates now owns 1,119,244 shares of the company’s stock worth $58,402,000 after purchasing an additional 30,143 shares during the last quarter. Victory Capital Management Inc. raised its stake in Bentley Systems by 70.0% during the third quarter. Victory Capital Management Inc. now owns 159,748 shares of the company’s stock valued at $8,013,000 after purchasing an additional 65,780 shares in the last quarter. Finally, Vanguard Group Inc. lifted its position in Bentley Systems by 2.6% during the third quarter. Vanguard Group Inc. now owns 21,762,442 shares of the company’s stock valued at $1,091,604,000 after purchasing an additional 556,363 shares during the last quarter. Hedge funds and other institutional investors own 44.16% of the company’s stock.

Bentley Systems Trading Down 1.0 %

BSY stock traded down $0.57 during mid-day trading on Wednesday, reaching $54.36. The company had a trading volume of 1,015,484 shares, compared to its average volume of 1,323,613. The company has a market capitalization of $15.54 billion, a PE ratio of 54.73, a price-to-earnings-growth ratio of 5.36 and a beta of 1.08. The firm has a 50 day moving average of $50.94 and a 200 day moving average of $50.89. Bentley Systems, Incorporated has a 12 month low of $42.11 and a 12 month high of $55.37. The company has a debt-to-equity ratio of 1.72, a current ratio of 0.55 and a quick ratio of 0.55.

Bentley Systems (NASDAQ:BSY) last issued its earnings results on Tuesday, February 27th. The company reported $0.18 earnings per share for the quarter, hitting the consensus estimate of $0.18. The business had revenue of $310.64 million during the quarter, compared to analysts’ expectations of $313.67 million. Bentley Systems had a return on equity of 33.87% and a net margin of 26.60%. The business’s revenue for the quarter was up 8.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.13 EPS. On average, equities analysts predict that Bentley Systems, Incorporated will post 0.82 earnings per share for the current fiscal year.

Bentley Systems Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Wednesday, March 20th were issued a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.44%. The ex-dividend date of this dividend was Tuesday, March 19th. This is an increase from Bentley Systems’s previous quarterly dividend of $0.05. Bentley Systems’s dividend payout ratio (DPR) is currently 24.24%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Mizuho boosted their target price on shares of Bentley Systems from $57.00 to $60.00 and gave the stock a “buy” rating in a report on Wednesday. Robert W. Baird upped their price objective on Bentley Systems from $58.00 to $59.00 and gave the company an “outperform” rating in a research report on Tuesday, February 6th. Rosenblatt Securities reiterated a “buy” rating and issued a $60.00 target price on shares of Bentley Systems in a report on Tuesday, April 30th. Royal Bank of Canada restated an “outperform” rating and set a $61.00 price target on shares of Bentley Systems in a report on Wednesday, February 28th. Finally, William Blair started coverage on shares of Bentley Systems in a research note on Thursday, March 28th. They set an “outperform” rating for the company. Two equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $59.33.

Insider Transactions at Bentley Systems

In related news, Director Keith A. Bentley sold 17,021 shares of the company’s stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $55.00, for a total value of $936,155.00. Following the transaction, the director now directly owns 17,150,752 shares of the company’s stock, valued at approximately $943,291,360. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, Director Keith A. Bentley sold 88,925 shares of the business’s stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $49.48, for a total value of $4,400,009.00. Following the completion of the transaction, the director now owns 17,164,179 shares of the company’s stock, valued at approximately $849,283,576.92. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Keith A. Bentley sold 17,021 shares of the firm’s stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $55.00, for a total value of $936,155.00. Following the sale, the director now directly owns 17,150,752 shares in the company, valued at $943,291,360. The disclosure for this sale can be found here. Insiders own 21.12% of the company’s stock.

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.