Everpar Advisors LLC Takes $1.11 Million Position in Bentley Systems, Incorporated (NASDAQ:BSY)

Everpar Advisors LLC acquired a new position in Bentley Systems, Incorporated (NASDAQ:BSY) in the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 21,204 shares of the company’s stock, valued at approximately $1,106,000.

Several other hedge funds have also recently bought and sold shares of BSY. Private Trust Co. NA raised its holdings in Bentley Systems by 87.3% in the 4th quarter. Private Trust Co. NA now owns 545 shares of the company’s stock worth $28,000 after acquiring an additional 254 shares during the period. Fifth Third Bancorp boosted its stake in Bentley Systems by 97.4% during the 4th quarter. Fifth Third Bancorp now owns 752 shares of the company’s stock valued at $39,000 after purchasing an additional 371 shares during the period. Van ECK Associates Corp acquired a new stake in Bentley Systems in the 4th quarter valued at approximately $72,000. Global Retirement Partners LLC increased its position in Bentley Systems by 439.4% in the 4th quarter. Global Retirement Partners LLC now owns 1,505 shares of the company’s stock worth $73,000 after buying an additional 1,226 shares during the period. Finally, PNC Financial Services Group Inc. lifted its holdings in shares of Bentley Systems by 46.9% during the third quarter. PNC Financial Services Group Inc. now owns 2,257 shares of the company’s stock worth $113,000 after buying an additional 721 shares during the last quarter. 44.16% of the stock is owned by institutional investors and hedge funds.

Bentley Systems Price Performance

Bentley Systems stock traded down $0.57 during mid-day trading on Wednesday, hitting $54.36. 1,015,484 shares of the company were exchanged, compared to its average volume of 1,323,613. The company has a market capitalization of $15.54 billion, a PE ratio of 54.73, a price-to-earnings-growth ratio of 5.36 and a beta of 1.08. The business has a fifty day moving average of $50.94 and a 200 day moving average of $50.89. Bentley Systems, Incorporated has a 1-year low of $42.11 and a 1-year high of $55.37. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 1.72.

Bentley Systems (NASDAQ:BSY) last posted its earnings results on Tuesday, February 27th. The company reported $0.18 earnings per share for the quarter, hitting the consensus estimate of $0.18. The business had revenue of $310.64 million for the quarter, compared to analyst estimates of $313.67 million. Bentley Systems had a net margin of 26.60% and a return on equity of 33.87%. The firm’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.13 EPS. As a group, sell-side analysts expect that Bentley Systems, Incorporated will post 0.82 earnings per share for the current year.

Bentley Systems Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Wednesday, March 20th were paid a $0.06 dividend. The ex-dividend date of this dividend was Tuesday, March 19th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.44%. This is a boost from Bentley Systems’s previous quarterly dividend of $0.05. Bentley Systems’s payout ratio is 24.24%.

Analyst Ratings Changes

A number of brokerages recently issued reports on BSY. Piper Sandler reaffirmed an “overweight” rating and set a $63.00 target price (up previously from $60.00) on shares of Bentley Systems in a research report on Wednesday. Mizuho boosted their price objective on shares of Bentley Systems from $57.00 to $60.00 and gave the stock a “buy” rating in a report on Wednesday. William Blair began coverage on shares of Bentley Systems in a research note on Thursday, March 28th. They issued an “outperform” rating for the company. Rosenblatt Securities reiterated a “buy” rating and issued a $60.00 price objective on shares of Bentley Systems in a research report on Tuesday, April 30th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $61.00 price objective on shares of Bentley Systems in a research report on Wednesday, February 28th. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $59.33.

Insider Transactions at Bentley Systems

In related news, Director Keith A. Bentley sold 88,925 shares of the company’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $49.48, for a total transaction of $4,400,009.00. Following the transaction, the director now owns 17,164,179 shares in the company, valued at approximately $849,283,576.92. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, Director Keith A. Bentley sold 17,021 shares of Bentley Systems stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $55.00, for a total transaction of $936,155.00. Following the completion of the sale, the director now owns 17,150,752 shares in the company, valued at approximately $943,291,360. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Keith A. Bentley sold 88,925 shares of the firm’s stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $49.48, for a total transaction of $4,400,009.00. Following the completion of the transaction, the director now directly owns 17,164,179 shares in the company, valued at $849,283,576.92. The disclosure for this sale can be found here. 21.12% of the stock is owned by company insiders.

About Bentley Systems

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.