Oregon Public Employees Retirement Fund Invests $1.14 Million in Bentley Systems, Incorporated $BSY

Oregon Public Employees Retirement Fund bought a new position in shares of Bentley Systems, Incorporated (NASDAQ:BSY) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 29,800 shares of the company’s stock, valued at approximately $1,137,000.

Several other hedge funds have also made changes to their positions in BSY. William Blair Investment Management LLC acquired a new stake in shares of Bentley Systems during the third quarter worth about $150,903,000. Vanguard Group Inc. raised its holdings in Bentley Systems by 10.7% during the third quarter. Vanguard Group Inc. now owns 18,607,657 shares of the company’s stock worth $957,922,000 after purchasing an additional 1,792,591 shares in the last quarter. Swedbank AB raised its holdings in Bentley Systems by 18.5% during the fourth quarter. Swedbank AB now owns 8,589,201 shares of the company’s stock worth $327,807,000 after purchasing an additional 1,338,706 shares in the last quarter. Bessemer Group Inc. raised its holdings in Bentley Systems by 27.4% during the third quarter. Bessemer Group Inc. now owns 2,486,139 shares of the company’s stock worth $127,986,000 after purchasing an additional 534,776 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its holdings in Bentley Systems by 303.8% during the third quarter. Arrowstreet Capital Limited Partnership now owns 627,165 shares of the company’s stock worth $32,286,000 after purchasing an additional 471,845 shares in the last quarter. Institutional investors and hedge funds own 44.16% of the company’s stock.

Bentley Systems Trading Up 3.9%

Shares of BSY opened at $33.31 on Tuesday. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.51 and a quick ratio of 0.51. The firm has a 50 day simple moving average of $34.88 and a 200-day simple moving average of $37.88. Bentley Systems, Incorporated has a 1-year low of $30.52 and a 1-year high of $59.25. The stock has a market cap of $9.74 billion, a price-to-earnings ratio of 37.85, a price-to-earnings-growth ratio of 2.02 and a beta of 1.01.

Bentley Systems (NASDAQ:BSY) last issued its quarterly earnings data on Thursday, May 7th. The company reported $0.38 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.02. Bentley Systems had a net margin of 18.12% and a return on equity of 28.65%. The business had revenue of $424.18 million during the quarter, compared to analysts’ expectations of $419.80 million. During the same period last year, the company posted $0.35 EPS. The company’s revenue was up 14.5% on a year-over-year basis. Equities analysts forecast that Bentley Systems, Incorporated will post 1.23 EPS for the current fiscal year.

Bentley Systems Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 19th. Stockholders of record on Tuesday, March 10th were paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend was Tuesday, March 10th. Bentley Systems’s dividend payout ratio (DPR) is 31.82%.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Barclays increased their price target on shares of Bentley Systems from $47.00 to $49.00 and gave the stock an “equal weight” rating in a report on Friday, March 6th. Weiss Ratings cut shares of Bentley Systems from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, April 15th. Oppenheimer cut their price target on shares of Bentley Systems from $53.00 to $43.00 and set an “outperform” rating for the company in a report on Friday, February 27th. Zacks Research raised shares of Bentley Systems from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 22nd. Finally, Bank of America assumed coverage on shares of Bentley Systems in a report on Tuesday, May 12th. They set a “buy” rating and a $40.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $47.69.

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.