Bentley Systems, Incorporated $BSY Stock Purchased by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA boosted its position in shares of Bentley Systems, Incorporated (NASDAQ:BSY) by 19.9% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 5,235,307 shares of the company’s stock after acquiring an additional 867,821 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Bentley Systems were worth $167,260,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in BSY. Alps Advisors Inc. bought a new stake in Bentley Systems in the third quarter worth about $10,962,000. Commonwealth Equity Services LLC grew its stake in shares of Bentley Systems by 195.8% during the third quarter. Commonwealth Equity Services LLC now owns 41,385 shares of the company’s stock valued at $1,322,000 after buying an additional 27,396 shares during the last quarter. Oregon Public Employees Retirement Fund grew its stake in shares of Bentley Systems by 7.5% during the third quarter. Oregon Public Employees Retirement Fund now owns 33,100 shares of the company’s stock valued at $1,058,000 after buying an additional 2,300 shares during the last quarter. Childress Capital Advisors LLC bought a new position in shares of Bentley Systems during the third quarter valued at approximately $295,000. Finally, Robeco Schweiz AG grew its stake in shares of Bentley Systems by 66.3% during the third quarter. Robeco Schweiz AG now owns 758,586 shares of the company’s stock valued at $24,237,000 after buying an additional 302,346 shares during the last quarter. 44.16% of the stock is owned by hedge funds and other institutional investors.

Bentley Systems Stock Performance

Shares of BSY opened at $44.65 on Monday. Bentley Systems, Incorporated has a 1-year low of $28.08 and a 1-year high of $48.17. The company has a 50-day moving average of $35.61 and a 200 day moving average of $34.51. The firm has a market capitalization of $12.97 billion, a price-to-earnings ratio of 43.77, a PEG ratio of 2.77 and a beta of 0.98. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.65 and a quick ratio of 0.65.

Bentley Systems (NASDAQ:BSY) last released its quarterly earnings data on Thursday, November 5th. The company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.03. The company had revenue of $421.51 million during the quarter, compared to analysts’ expectations of $420.69 million. Bentley Systems had a net margin of 19.57% and a return on equity of 29.99%. The firm’s quarterly revenue was up 12.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.27 EPS. On average, research analysts expect that Bentley Systems, Incorporated will post 1.20 EPS for the current year.

Bentley Systems Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 22nd were paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend was Tuesday, September 22nd. Bentley Systems’s payout ratio is currently 27.45%.

Key Stories Impacting Bentley Systems

Here are the key news stories impacting Bentley Systems this week:

• Positive Sentiment: Q3 results topped expectations and growth remained strong. Bentley reported adjusted earnings of $0.36 per share versus estimates of about $0.33–$0.34, while revenue of $421.5 million edged past forecasts and rose 12.2% year over year. The company also raised its annual recurring revenue outlook, supporting expectations for continued growth. Bentley Systems reports revenue growth and raises ARR outlook
• Positive Sentiment: Several analysts raised price targets. Oppenheimer lifted its target to $52 and kept an Outperform rating; RBC raised its target to $52 with an Outperform rating; Cantor Fitzgerald set a $55 target and Overweight rating; and Rosenblatt raised its target to $53 with a Buy rating. These revisions signal improved analyst expectations, though targets are not guarantees. Oppenheimer price target update RBC price target update Cantor Fitzgerald price target update Rosenblatt price target update
• Neutral Sentiment: UBS raised its target but stayed Neutral. UBS moved its target to $50 from $40, while maintaining a Neutral rating—an upward valuation revision tempered by a lack of stronger conviction. UBS price target update
• Negative Sentiment: An insider sale may weigh on sentiment. Raymond Bentley reportedly sold 344,203 shares. The report does not establish the reason for the sale, so it is not necessarily a signal about the company’s outlook. Insider share sale report

Analysts Set New Price Targets

BSY has been the subject of a number of research analyst reports. Rosenblatt Securities raised their price target on Bentley Systems from $50.00 to $53.00 and gave the stock a “buy” rating in a research note on Friday. Oppenheimer boosted their price objective on Bentley Systems from $43.00 to $52.00 and gave the company an “outperform” rating in a report on Friday. Weiss Ratings raised Bentley Systems from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, October 19th. Royal Bank Of Canada upped their price objective on Bentley Systems from $48.00 to $52.00 and gave the company an “outperform” rating in a research report on Friday. Finally, BMO Capital Markets increased their target price on Bentley Systems from $41.00 to $43.00 and gave the stock an “outperform” rating in a research note on Friday, August 7th. Nine investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $46.67.

Insider Buying and Selling at Bentley Systems

In related news, Director Raymond Bentley sold 344,203 shares of the business’s stock in a transaction that occurred on Friday, October 30th. The stock was sold at an average price of $40.24, for a total value of $13,850,728.72. Following the completion of the sale, the director owned 14,316,404 shares in the company, valued at approximately $576,092,096.96. The trade was a 2.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 500,000 shares of company stock worth $20,089,565 over the last ninety days. Insiders own 20.27% of the company’s stock.

Bentley Systems Company Profile

Bentley Systems develops software for professionals who design, build, and operate infrastructure. Its customers include engineering firms, architects, construction companies, and infrastructure owners and operators working on projects such as roads, railways, buildings, utilities, and industrial facilities.

The company’s products support computer-aided design, project collaboration, infrastructure asset management, and digital twin development. Its software portfolio includes MicroStation for design and modeling, ProjectWise for project information management, and the iTwin platform for creating and working with digital representations of infrastructure assets.

Founded in 1984 by brothers Keith and Barry Bentley, the company serves customers around the world.