Tensor Edge Capital LLC Acquires New Holdings in Bentley Systems, Incorporated $BSY

Tensor Edge Capital LLC bought a new position in shares of Bentley Systems, Incorporated (NASDAQ:BSY) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 83,333 shares of the company’s stock, valued at approximately $3,180,000. Bentley Systems makes up approximately 0.9% of Tensor Edge Capital LLC’s portfolio, making the stock its 13th largest position.

Other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in Bentley Systems by 10.7% in the 3rd 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 during the period. Swedbank AB grew its position in Bentley Systems by 18.5% in the fourth quarter. Swedbank AB now owns 8,589,201 shares of the company’s stock valued at $327,807,000 after purchasing an additional 1,338,706 shares in the last quarter. William Blair Investment Management LLC acquired a new position in shares of Bentley Systems during the 3rd quarter worth about $150,903,000. Bessemer Group Inc. grew its holdings in shares of Bentley Systems by 27.4% in the 3rd quarter. Bessemer Group Inc. now owns 2,486,139 shares of the company’s stock valued at $127,986,000 after acquiring an additional 534,776 shares in the last quarter. Finally, Impax Asset Management Group plc boosted its position in Bentley Systems by 12.1% during the fourth quarter. Impax Asset Management Group plc now owns 2,178,670 shares of the company’s stock valued at $83,149,000 after purchasing an additional 234,998 shares during the last quarter. 44.16% of the stock is currently owned by institutional investors and hedge funds.

Bentley Systems Price Performance

Shares of Bentley Systems stock opened at $33.34 on Thursday. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.91. The stock has a market capitalization of $9.74 billion, a price-to-earnings ratio of 37.89, a price-to-earnings-growth ratio of 2.07 and a beta of 1.01. Bentley Systems, Incorporated has a twelve month low of $30.52 and a twelve month high of $59.25. The company has a 50-day simple moving average of $34.61 and a two-hundred day simple moving average of $37.64.

Bentley Systems (NASDAQ:BSY) last released its earnings results on Thursday, May 7th. The company reported $0.38 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.02. The firm had revenue of $424.18 million during the quarter, compared to the consensus estimate of $419.80 million. Bentley Systems had a return on equity of 28.65% and a net margin of 18.12%.The company’s revenue was up 14.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.35 EPS. Analysts forecast that Bentley Systems, Incorporated will post 1.23 EPS for the current year.

Bentley Systems Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 19th. Shareholders of record on Tuesday, March 10th were given a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date was Tuesday, March 10th. Bentley Systems’s payout ratio is currently 31.82%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on BSY. BMO Capital Markets restated an “outperform” rating on shares of Bentley Systems in a report on Monday, March 2nd. Piper Sandler upgraded shares of Bentley Systems from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $42.00 to $45.00 in a research note on Friday, May 8th. Weiss Ratings cut Bentley Systems from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, April 15th. Zacks Research raised Bentley Systems from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 22nd. Finally, Mizuho decreased their target price on Bentley Systems from $50.00 to $45.00 and set an “outperform” rating on the stock in a report on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, Bentley Systems currently has an average rating of “Moderate Buy” and a consensus price target 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.