Pacer Advisors Inc. Grows Stock Holdings in Bentley Systems, Incorporated (NASDAQ:BSY)

Pacer Advisors Inc. increased its stake in Bentley Systems, Incorporated (NASDAQ:BSY - Free Report) by 117.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 53,778 shares of the company's stock after purchasing an additional 29,053 shares during the quarter. Pacer Advisors Inc.'s holdings in Bentley Systems were worth $2,511,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Point72 Hong Kong Ltd purchased a new position in Bentley Systems in the 3rd quarter worth approximately $30,000. Central Pacific Bank Trust Division boosted its position in shares of Bentley Systems by 57.1% during the third quarter. Central Pacific Bank Trust Division now owns 759 shares of the company's stock worth $39,000 after acquiring an additional 276 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt grew its stake in Bentley Systems by 500.0% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,200 shares of the company's stock valued at $61,000 after acquiring an additional 1,000 shares in the last quarter. Whittier Trust Co. of Nevada Inc. boosted its holdings in shares of Bentley Systems by 71.8% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 2,105 shares of the company's stock valued at $107,000 after purchasing an additional 880 shares during the last quarter. Finally, Anchor Investment Management LLC purchased a new stake in shares of Bentley Systems in the third quarter worth about $110,000. 44.16% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, Director Keith A. Bentley sold 1,152 shares of the business's stock in a transaction that occurred on 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 transaction, the director now owns 16,703,876 shares in the company, valued at $773,890,575.08. The trade was a 0.01 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 21.12% of the stock is owned by company insiders.

Bentley Systems Trading Up 1.8 %

Bentley Systems stock traded up $0.84 during mid-day trading on Tuesday, hitting $46.70. The company's stock had a trading volume of 954,558 shares, compared to its average volume of 1,217,116. The stock has a market cap of $13.58 billion, a PE ratio of 42.07, a P/E/G ratio of 3.48 and a beta of 1.03. Bentley Systems, Incorporated has a one year low of $43.82 and a one year high of $57.19. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.52 and a current ratio of 0.52. The company has a 50 day moving average of $47.38 and a 200-day moving average of $48.54.

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

Bentley Systems Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Tuesday, December 3rd were paid a dividend of $0.06 per share. The ex-dividend date was Tuesday, December 3rd. This represents a $0.24 annualized dividend and a dividend yield of 0.51%. Bentley Systems's dividend payout ratio is currently 21.62%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented 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 reduced their target price on shares of Bentley Systems from $65.00 to $57.00 and set an "overweight" rating on the stock in a 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 issued a buy rating to the company. According to MarketBeat, the company currently has an average 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.