16,644 Shares in Bentley Systems, Incorporated $BSY Purchased by Future Fund LLC

Future Fund LLC bought a new position in shares of Bentley Systems, Incorporated (NASDAQ:BSY) during the 2nd quarter, Holdings Channel reports. The firm bought 16,644 shares of the company’s stock, valued at approximately $898,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Blue Trust Inc. grew its holdings in shares of Bentley Systems by 19.3% in the 2nd quarter. Blue Trust Inc. now owns 1,305 shares of the company’s stock worth $70,000 after acquiring an additional 211 shares during the period. Axxcess Wealth Management LLC boosted its position in Bentley Systems by 3.7% during the first quarter. Axxcess Wealth Management LLC now owns 8,471 shares of the company’s stock worth $333,000 after purchasing an additional 301 shares in the last quarter. Venturi Wealth Management LLC boosted its position in Bentley Systems by 3.5% during the first quarter. Venturi Wealth Management LLC now owns 9,438 shares of the company’s stock worth $371,000 after purchasing an additional 315 shares in the last quarter. Thrive Wealth Management LLC grew its holdings in Bentley Systems by 4.1% in the second quarter. Thrive Wealth Management LLC now owns 8,101 shares of the company’s stock valued at $437,000 after purchasing an additional 316 shares during the last quarter. Finally, Atria Investments Inc increased its position in shares of Bentley Systems by 0.4% in the second quarter. Atria Investments Inc now owns 81,052 shares of the company’s stock valued at $4,374,000 after buying an additional 323 shares in the last quarter. 44.16% of the stock is currently owned by institutional investors and hedge funds.

Bentley Systems Stock Performance

Shares of BSY opened at $46.71 on Friday. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.51 and a current ratio of 0.61. The company has a market capitalization of $13.64 billion, a price-to-earnings ratio of 55.61, a PEG ratio of 3.77 and a beta of 1.12. The company’s 50 day simple moving average is $52.00 and its 200 day simple moving average is $51.74. Bentley Systems, Incorporated has a 1 year low of $36.51 and a 1 year high of $59.25.

Bentley Systems (NASDAQ:BSY) last released its earnings results on Wednesday, November 5th. The company reported $0.27 EPS for the quarter, hitting the consensus estimate of $0.27. Bentley Systems had a net margin of 18.45% and a return on equity of 28.16%. The firm had revenue of $375.55 million during the quarter, compared to analysts’ expectations of $369.57 million. During the same period in the previous year, the company earned $0.24 EPS. Bentley Systems’s revenue for the quarter was up 12.0% on a year-over-year basis. On average, sell-side analysts predict that Bentley Systems, Incorporated will post 0.88 EPS for the current year.

Bentley Systems Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Tuesday, September 23rd were paid a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 0.6%. The ex-dividend date was Tuesday, September 23rd. Bentley Systems’s dividend payout ratio is presently 33.33%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Barclays initiated coverage on shares of Bentley Systems in a research note on Tuesday, October 7th. They issued an “equal weight” rating and a $57.00 price objective on the stock. JPMorgan Chase & Co. reduced their price target on shares of Bentley Systems from $56.00 to $51.00 and set a “neutral” rating on the stock in a report on Thursday. Piper Sandler dropped their price objective on shares of Bentley Systems from $63.00 to $60.00 and set an “overweight” rating for the company in a research note on Thursday. Weiss Ratings restated a “hold (c)” rating on shares of Bentley Systems in a research report on Wednesday, October 8th. Finally, Robert W. Baird lowered their target price on Bentley Systems from $64.00 to $62.00 and set an “outperform” rating on the stock in a report on Thursday. Seven research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $56.73.

Bentley Systems Company 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.