LRI Investments LLC Purchases 319 Shares of Bentley Systems, Incorporated (NASDAQ:BSY)

LRI Investments LLC lifted its position in shares of Bentley Systems, Incorporated (NASDAQ:BSY) by 6.1% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,534 shares of the company’s stock after acquiring an additional 319 shares during the quarter. LRI Investments LLC’s holdings in Bentley Systems were worth $273,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. GAMMA Investing LLC increased its holdings in Bentley Systems by 90.1% in the second quarter. GAMMA Investing LLC now owns 576 shares of the company’s stock valued at $28,000 after purchasing an additional 273 shares during the last quarter. Blue Trust Inc. increased its holdings in Bentley Systems by 68,500.0% in the second quarter. Blue Trust Inc. now owns 686 shares of the company’s stock valued at $36,000 after purchasing an additional 685 shares during the last quarter. Benjamin F. Edwards & Company Inc. increased its holdings in Bentley Systems by 496.0% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 900 shares of the company’s stock valued at $47,000 after purchasing an additional 749 shares during the last quarter. Van ECK Associates Corp bought a new stake in Bentley Systems in the fourth quarter valued at about $72,000. Finally, Principal Securities Inc. bought a new stake in Bentley Systems in the fourth quarter valued at about $73,000. Institutional investors own 44.16% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Royal Bank of Canada reiterated an “outperform” rating and issued a $61.00 price objective on shares of Bentley Systems in a report on Wednesday, August 7th. Mizuho boosted their target price on Bentley Systems from $57.00 to $60.00 and gave the company a “buy” rating in a research note on Wednesday, May 8th. Rosenblatt Securities reissued a “buy” rating and issued a $62.00 target price on shares of Bentley Systems in a research note on Wednesday, August 7th. The Goldman Sachs Group reduced their price target on Bentley Systems from $57.00 to $50.00 and set a “neutral” rating for the company in a research report on Wednesday, August 7th. Finally, Piper Sandler reiterated an “overweight” rating and issued a $63.00 price objective on shares of Bentley Systems in a report on Wednesday, August 7th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $59.57.

Bentley Systems Stock Up 0.7 %

NASDAQ:BSY opened at $50.22 on Friday. The firm has a market capitalization of $14.49 billion, a price-to-earnings ratio of 46.93, a price-to-earnings-growth ratio of 4.21 and a beta of 1.03. Bentley Systems, Incorporated has a twelve month low of $43.82 and a twelve month high of $57.19. The stock’s 50 day moving average price is $49.25 and its two-hundred day moving average price is $50.81. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 1.53.

Bentley Systems (NASDAQ:BSY) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.08. The firm had revenue of $330.34 million for the quarter, compared to analyst estimates of $325.20 million. Bentley Systems had a return on equity of 32.62% and a net margin of 28.09%. The business’s quarterly revenue was up 11.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.20 EPS. Equities research analysts expect that Bentley Systems, Incorporated will post 0.85 earnings per share for the current fiscal year.

Bentley Systems 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.