Groupama Asset Managment Raises Position in Bentley Systems, Incorporated $BSY

Groupama Asset Managment grew its holdings in shares of Bentley Systems, Incorporated (NASDAQ:BSY) by 17.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 21,171 shares of the company’s stock after purchasing an additional 3,112 shares during the period. Groupama Asset Managment’s holdings in Bentley Systems were worth $840,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Quantbot Technologies LP lifted its holdings in shares of Bentley Systems by 166.2% during the 1st quarter. Quantbot Technologies LP now owns 220,429 shares of the company’s stock valued at $8,672,000 after purchasing an additional 137,627 shares during the last quarter. Korea Investment CORP lifted its holdings in shares of Bentley Systems by 30.7% during the 1st quarter. Korea Investment CORP now owns 74,181 shares of the company’s stock valued at $2,918,000 after purchasing an additional 17,437 shares during the last quarter. Liontrust Investment Partners LLP purchased a new stake in shares of Bentley Systems during the 1st quarter valued at $353,000. Vestmark Advisory Solutions Inc. raised its stake in Bentley Systems by 110.8% in the 1st quarter. Vestmark Advisory Solutions Inc. now owns 258,640 shares of the company’s stock worth $10,175,000 after acquiring an additional 135,922 shares during the last quarter. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund raised its stake in Bentley Systems by 4.2% in the 1st quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 49,613 shares of the company’s stock worth $1,952,000 after acquiring an additional 2,000 shares during the last quarter. Hedge funds and other institutional investors own 44.16% of the company’s stock.

Bentley Systems Price Performance

NASDAQ:BSY opened at $53.61 on Thursday. Bentley Systems, Incorporated has a 52 week low of $36.51 and a 52 week high of $59.25. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 1.07. The stock has a market capitalization of $15.66 billion, a PE ratio of 67.86, a price-to-earnings-growth ratio of 4.31 and a beta of 1.10. The stock’s 50-day moving average price is $54.77 and its 200-day moving average price is $48.02.

Bentley Systems (NASDAQ:BSY) last posted its earnings results on Wednesday, August 6th. The company reported $0.32 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.03. Bentley Systems had a return on equity of 28.41% and a net margin of 17.91%.The firm had revenue of $364.11 million for the quarter, compared to analysts’ expectations of $363.51 million. During the same period last year, the firm earned $0.31 EPS. The company’s quarterly revenue was up 10.2% on a year-over-year basis. As a group, equities analysts expect that Bentley Systems, Incorporated will post 0.88 EPS for the current fiscal year.

Insider Activity

In other news, Director Keith A. Bentley sold 150,000 shares of the firm’s stock in a transaction dated Monday, July 7th. The stock was sold at an average price of $55.54, for a total transaction of $8,331,000.00. Following the sale, the director directly owned 3,859,327 shares in the company, valued at $214,347,021.58. This trade represents a 3.74% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider David R. Shaman sold 19,348 shares of the firm’s stock in a transaction dated Monday, July 14th. The shares were sold at an average price of $56.96, for a total value of $1,102,062.08. Following the sale, the insider owned 647,609 shares in the company, valued at $36,887,808.64. This trade represents a 2.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,189,869 shares of company stock worth $60,880,388 in the last ninety days. Company insiders own 20.56% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on BSY shares. KeyCorp raised their target price on Bentley Systems from $56.00 to $59.00 and gave the stock an “overweight” rating in a research note on Monday, July 7th. Royal Bank Of Canada raised their target price on Bentley Systems from $53.00 to $55.00 and gave the stock an “outperform” rating in a research note on Thursday, May 8th. Robert W. Baird set a $64.00 price objective on Bentley Systems and gave the company an “outperform” rating in a research note on Wednesday, July 30th. Wall Street Zen lowered Bentley Systems from a “buy” rating to a “hold” rating in a research note on Wednesday, July 16th. Finally, The Goldman Sachs Group lifted their price objective on Bentley Systems from $42.00 to $47.00 and gave the company a “sell” rating in a research note on Thursday, August 7th. Six investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $56.60.

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.