Kapitalo Investimentos Ltda Makes New $249,000 Investment in Bentley Systems, Incorporated (NASDAQ:BSY)

Kapitalo Investimentos Ltda acquired a new stake in Bentley Systems, Incorporated (NASDAQ:BSY) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 4,767 shares of the company’s stock, valued at approximately $249,000.

Several other hedge funds also recently modified their holdings of BSY. Kayne Anderson Rudnick Investment Management LLC increased its stake in shares of Bentley Systems by 4.5% in the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 13,516,480 shares of the company’s stock valued at $677,987,000 after acquiring an additional 578,512 shares in the last quarter. Vanguard Group Inc. increased its stake in Bentley Systems by 2.6% during the 3rd quarter. Vanguard Group Inc. now owns 21,762,442 shares of the company’s stock valued at $1,091,604,000 after purchasing an additional 556,363 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in Bentley Systems by 43.0% during the 3rd quarter. Envestnet Asset Management Inc. now owns 1,089,629 shares of the company’s stock valued at $54,656,000 after purchasing an additional 327,577 shares in the last quarter. Norges Bank bought a new stake in Bentley Systems during the 4th quarter valued at $16,424,000. Finally, International Assets Investment Management LLC bought a new stake in Bentley Systems during the 4th quarter valued at $6,382,000. Institutional investors own 44.16% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on BSY. Mizuho boosted their price target on shares of Bentley Systems from $57.00 to $60.00 and gave the company a “buy” rating in a research note on Wednesday, May 8th. Rosenblatt Securities restated a “buy” rating and set a $60.00 price target on shares of Bentley Systems in a research note on Tuesday, April 30th. Piper Sandler restated an “overweight” rating and set a $63.00 price target (up previously from $60.00) on shares of Bentley Systems in a research note on Wednesday, May 8th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $61.00 price objective on shares of Bentley Systems in a report on Wednesday, February 28th. Finally, William Blair assumed coverage on shares of Bentley Systems in a report on Thursday, March 28th. They set an “outperform” rating on the stock. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $61.29.

Bentley Systems Stock Performance

Shares of NASDAQ:BSY traded down $0.24 during midday trading on Tuesday, reaching $51.03. The company had a trading volume of 129,407 shares, compared to its average volume of 1,352,251. The company’s 50 day moving average price is $52.40 and its 200 day moving average price is $51.26. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 1.53. The stock has a market cap of $14.72 billion, a P/E ratio of 47.92, a P/E/G ratio of 4.44 and a beta of 1.04. Bentley Systems, Incorporated has a 52-week low of $44.76 and a 52-week high of $57.19.

Bentley Systems (NASDAQ:BSY) last announced its quarterly earnings data on Tuesday, May 7th. The company reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.21 by $0.04. Bentley Systems had a return on equity of 32.62% and a net margin of 28.09%. The business had revenue of $337.76 million for the quarter, compared to analysts’ expectations of $335.00 million. As a group, sell-side analysts anticipate that Bentley Systems, Incorporated will post 0.85 EPS for the current fiscal year.

Bentley Systems Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, June 13th. Stockholders of record on Tuesday, June 4th were given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.47%. The ex-dividend date was Tuesday, June 4th. Bentley Systems’s dividend payout ratio is presently 22.43%.

Insider Activity

In other news, Director Keith A. Bentley sold 118,949 shares of the company’s stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $55.01, for a total transaction of $6,543,384.49. Following the sale, the director now directly owns 17,031,803 shares in the company, valued at $936,919,483.03. The sale was disclosed in a document filed with the SEC, which is available at this link. In related news, Director Keith A. Bentley sold 118,949 shares of the company’s stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $55.01, for a total value of $6,543,384.49. Following the transaction, the director now directly owns 17,031,803 shares in the company, valued at $936,919,483.03. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Keith A. Bentley sold 17,021 shares of the company’s stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $55.00, for a total value of $936,155.00. Following the completion of the sale, the director now directly owns 17,150,752 shares of the company’s stock, valued at approximately $943,291,360. The disclosure for this sale can be found here. Insiders have sold a total of 195,390 shares of company stock worth $10,748,234 over the last ninety days. Company insiders own 21.12% of the company’s stock.

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.