Fulcrum Asset Management LLP Acquires 30,494 Shares of Bentley Systems, Incorporated $BSY

Fulcrum Asset Management LLP acquired a new position in shares of Bentley Systems, Incorporated (NASDAQ:BSY) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm acquired 30,494 shares of the company’s stock, valued at approximately $949,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Bentley Systems by 253.6% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 4,781,449 shares of the company’s stock worth $167,924,000 after buying an additional 3,429,087 shares during the period. Pictet Asset Management Holding SA increased its stake in shares of Bentley Systems by 19.9% during the third quarter. Pictet Asset Management Holding SA now owns 5,235,307 shares of the company’s stock valued at $167,260,000 after buying an additional 867,821 shares during the period. Bessemer Group Inc. increased its stake in shares of Bentley Systems by 36.2% during the first quarter. Bessemer Group Inc. now owns 2,600,241 shares of the company’s stock valued at $91,320,000 after buying an additional 691,806 shares during the period. Bank of New York Mellon Corp purchased a new position in shares of Bentley Systems during the second quarter valued at $78,738,000. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Bentley Systems by 12.2% in the first quarter. Dimensional Fund Advisors LP now owns 1,327,900 shares of the company’s stock valued at $46,628,000 after acquiring an additional 143,863 shares in the last quarter. 44.16% of the stock is owned by institutional investors.

Bentley Systems Stock Down 0.6%

Bentley Systems stock opened at $44.19 on Friday. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.90. The firm has a market cap of $12.86 billion, a P/E ratio of 43.32, a P/E/G ratio of 2.76 and a beta of 0.98. The business has a fifty day moving average of $36.30 and a two-hundred day moving average of $34.63. Bentley Systems, Incorporated has a twelve month low of $28.08 and a twelve month high of $48.17.

Bentley Systems (NASDAQ:BSY) last announced its quarterly earnings results on Thursday, November 5th. The company reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.03. The business had revenue of $421.51 million for the quarter, compared to the consensus estimate of $420.69 million. Bentley Systems had a return on equity of 29.99% and a net margin of 19.57%. The business’s revenue was up 12.2% compared to the same quarter last year. During the same period last year, the business posted $0.27 EPS. On average, analysts forecast that Bentley Systems, Incorporated will post 1.20 earnings per share for the current fiscal year.

Bentley Systems Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 29th. Investors of record on Tuesday, September 22nd were given a dividend of $0.07 per share. The ex-dividend date of this dividend was Tuesday, September 22nd. This represents a $0.28 dividend on an annualized basis and a yield of 0.6%. Bentley Systems’s dividend payout ratio (DPR) is presently 27.45%.

Insider Activity at Bentley Systems

In other Bentley Systems news, Director Raymond B. Bentley sold 500,000 shares of the business’s stock in a transaction dated Thursday, November 5th. The shares were sold at an average price of $46.47, for a total value of $23,235,000.00. Following the completion of the transaction, the director directly owned 13,816,404 shares in the company, valued at approximately $642,048,293.88. The trade was a 3.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Keith A. Bentley sold 100,000 shares of the stock in a transaction dated Tuesday, November 10th. The shares were sold at an average price of $45.18, for a total transaction of $4,518,000.00. Following the sale, the director directly owned 3,745,254 shares of the company’s stock, valued at approximately $169,210,575.72. The trade was a 2.60% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 1,110,000 shares of company stock valued at $48,292,565 over the last quarter. 20.27% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

BSY has been the subject of a number of research reports. Oppenheimer upped their price objective on shares of Bentley Systems from $43.00 to $52.00 and gave the stock an “outperform” rating in a research note on Friday, November 6th. Royal Bank Of Canada increased their target price on shares of Bentley Systems from $48.00 to $52.00 and gave the stock an “outperform” rating in a report on Friday, November 6th. Rosenblatt Securities raised their target price on shares of Bentley Systems from $50.00 to $53.00 and gave the company a “buy” rating in a research report on Friday, November 6th. Weiss Ratings upgraded shares of Bentley Systems from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, October 19th. Finally, Cantor Fitzgerald upped their price target on shares of Bentley Systems from $42.00 to $55.00 and gave the stock an “overweight” rating in a research report on Friday, November 6th. Nine equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $46.67.

About Bentley Systems

Bentley Systems develops software for professionals who design, build, and operate infrastructure. Its customers include engineering firms, architects, construction companies, and infrastructure owners and operators working on projects such as roads, railways, buildings, utilities, and industrial facilities. The company’s products support computer-aided design, project collaboration, infrastructure asset management, and digital twin development. Its software portfolio includes MicroStation for design and modeling, ProjectWise for project information management, and the iTwin platform for creating and working with digital representations of infrastructure assets.