Mediolanum International Funds Ltd Purchases Shares of 19,338 Bentley Systems, Incorporated (NASDAQ:BSY)

Mediolanum International Funds Ltd acquired a new stake in Bentley Systems, Incorporated (NASDAQ:BSY - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 19,338 shares of the company's stock, valued at approximately $918,000.

A number of other institutional investors also recently bought and sold shares of the business. Clear Harbor Asset Management LLC grew its position in Bentley Systems by 1.5% in the 3rd quarter. Clear Harbor Asset Management LLC now owns 15,335 shares of the company's stock valued at $779,000 after buying an additional 220 shares during the last quarter. Cetera Investment Advisers boosted its holdings in shares of Bentley Systems by 1.1% in the second quarter. Cetera Investment Advisers now owns 31,449 shares of the company's stock valued at $1,552,000 after acquiring an additional 352 shares in the last quarter. CIBC Asset Management Inc increased its stake in shares of Bentley Systems by 4.3% during the third quarter. CIBC Asset Management Inc now owns 9,203 shares of the company's stock worth $468,000 after acquiring an additional 378 shares during the period. Diversify Wealth Management LLC increased its stake in shares of Bentley Systems by 2.2% during the third quarter. Diversify Wealth Management LLC now owns 20,192 shares of the company's stock worth $993,000 after acquiring an additional 428 shares during the period. Finally, Park Avenue Securities LLC raised its holdings in Bentley Systems by 5.4% during the fourth quarter. Park Avenue Securities LLC now owns 9,138 shares of the company's stock worth $427,000 after purchasing an additional 467 shares in the last quarter. 44.16% of the stock is currently owned by institutional investors and hedge funds.

Bentley Systems Price Performance

Shares of BSY stock traded down $0.25 during mid-day trading on Thursday, reaching $46.74. The stock had a trading volume of 750,937 shares, compared to its average volume of 1,174,514. The company has a market cap of $13.59 billion, a P/E ratio of 42.11, a price-to-earnings-growth ratio of 3.48 and a beta of 1.03. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 1.37. Bentley Systems, Incorporated has a 12-month low of $43.82 and a 12-month high of $57.19. The business has a 50-day simple moving average of $47.29 and a 200 day simple moving average of $48.52.

Bentley Systems (NASDAQ:BSY - Get Free Report) last posted its earnings results on Thursday, November 7th. The company reported $0.24 earnings per share for the quarter, meeting the consensus estimate of $0.24. Bentley Systems had a net margin of 27.73% and a return on equity of 29.50%. The firm had revenue of $335.17 million during the quarter, compared to the consensus estimate of $340.36 million. During the same period last year, the firm posted $0.18 EPS. The firm's revenue for the quarter was up 9.3% on a year-over-year basis. On average, sell-side analysts anticipate that Bentley Systems, Incorporated will post 0.88 earnings per share for the current year.

Bentley Systems Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Tuesday, December 3rd were issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.51%. The ex-dividend date of this dividend was Tuesday, December 3rd. Bentley Systems's dividend payout ratio (DPR) is presently 21.62%.

Insiders Place Their Bets

In other news, Director Keith A. Bentley sold 1,152 shares of Bentley Systems stock in a transaction dated Friday, January 24th. The shares were sold at an average price of $46.33, for a total transaction of $53,372.16. Following the completion of the sale, the director now directly owns 16,703,876 shares in the company, valued at $773,890,575.08. The trade was a 0.01 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 21.12% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. Rosenblatt Securities reiterated a "buy" rating and set a $62.00 target price on shares of Bentley Systems in a research report on Friday, November 8th. Piper Sandler cut their price objective on Bentley Systems from $65.00 to $57.00 and set an "overweight" rating for the company in a research report on Wednesday, January 8th. Finally, JPMorgan Chase & Co. began coverage on shares of Bentley Systems in a research report on Monday, December 9th. They set a "neutral" rating and a $52.00 target price on the stock. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, Bentley Systems currently has a consensus rating of "Moderate Buy" and a consensus target price of $57.29.

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.