Groupe la Francaise Has $4.78 Million Holdings in Bentley Systems, Incorporated $BSY

Groupe la Francaise grew its holdings in Bentley Systems, Incorporated (NASDAQ:BSY) by 46.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 159,678 shares of the company’s stock after purchasing an additional 50,412 shares during the quarter. Groupe la Francaise’s holdings in Bentley Systems were worth $4,776,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Swedbank AB raised its stake in shares of Bentley Systems by 4.8% during the first quarter. Swedbank AB now owns 9,000,000 shares of the company’s stock worth $316,080,000 after buying an additional 410,799 shares during the last quarter. California State Teachers Retirement System lifted its holdings in Bentley Systems by 2,805.5% in the second quarter. California State Teachers Retirement System now owns 5,523,672 shares of the company’s stock valued at $165,103,000 after buying an additional 5,333,560 shares during the period. Arrowstreet Capital Limited Partnership boosted its stake in Bentley Systems by 253.6% in the first quarter. Arrowstreet Capital Limited Partnership now owns 4,781,449 shares of the company’s stock valued at $167,924,000 after acquiring an additional 3,429,087 shares during the last quarter. Pictet Asset Management Holding SA grew its holdings in Bentley Systems by 150.9% during the 1st quarter. Pictet Asset Management Holding SA now owns 4,661,346 shares of the company’s stock worth $163,703,000 after acquiring an additional 2,803,241 shares during the period. Finally, Geode Capital Management LLC grew its holdings in Bentley Systems by 6.6% during the 4th quarter. Geode Capital Management LLC now owns 3,468,512 shares of the company’s stock worth $132,060,000 after acquiring an additional 216,257 shares during the period. Institutional investors and hedge funds own 44.16% of the company’s stock.

Bentley Systems Stock Performance

BSY opened at $33.71 on Tuesday. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 1.01. The stock has a market capitalization of $9.80 billion, a P/E ratio of 37.04, a P/E/G ratio of 2.13 and a beta of 0.98. The firm’s fifty day simple moving average is $34.24 and its 200 day simple moving average is $34.02. Bentley Systems, Incorporated has a 12 month low of $28.08 and a 12 month high of $57.25.

Bentley Systems (NASDAQ:BSY) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.03. The business had revenue of $410.73 million during the quarter, compared to the consensus estimate of $412.12 million. Bentley Systems had a return on equity of 28.43% and a net margin of 18.10%.Bentley Systems’s quarterly revenue was up 12.8% on a year-over-year basis. During the same period last year, the company earned $0.32 earnings per share. As a group, research analysts anticipate that Bentley Systems, Incorporated will post 1.19 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have commented on the stock. Barclays dropped their target price on shares of Bentley Systems from $49.00 to $40.00 and set an “equal weight” rating for the company in a research report on Friday, May 29th. Piper Sandler reaffirmed an “overweight” rating and set a $45.00 price objective on shares of Bentley Systems in a research note on Friday, August 7th. BNP Paribas Exane initiated coverage on Bentley Systems in a research note on Thursday, June 18th. They set an “outperform” rating and a $40.00 price objective for the company. Bank of America assumed coverage on Bentley Systems in a report on Tuesday, May 12th. They issued a “buy” rating and a $40.00 price objective for the company. Finally, Weiss Ratings upgraded Bentley Systems from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, August 27th. Nine investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $45.00.

Bentley Systems Profile

Bentley Systems, Inc is a global software provider specializing in infrastructure engineering applications for the design, construction, and operations of roads, bridges, rail and transit systems, water and wastewater networks, power plants and grids, industrial facilities, and communications infrastructure. Founded in 1984 by brothers Keith and Barry Bentley, the company is headquartered in Exton, Pennsylvania, and maintains offices and development centers across North America, Europe, Asia, and Australia.