Intercontinental Wealth Advisors LLC Has $488,000 Stake in Bentley Systems, Incorporated (NASDAQ:BSY)

Intercontinental Wealth Advisors LLC boosted its holdings in Bentley Systems, Incorporated (NASDAQ:BSYGet Rating) by 34.9% in the 1st quarter, Holdings Channel.com reports. The firm owned 11,051 shares of the company’s stock after acquiring an additional 2,856 shares during the period. Intercontinental Wealth Advisors LLC’s holdings in Bentley Systems were worth $488,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. National Bank of Canada FI acquired a new position in shares of Bentley Systems in the 4th quarter valued at approximately $31,000. Allspring Global Investments Holdings LLC bought a new stake in shares of Bentley Systems during the 4th quarter valued at approximately $12,615,000. Commonwealth Equity Services LLC bought a new stake in shares of Bentley Systems during the 4th quarter valued at approximately $202,000. State of New Jersey Common Pension Fund D grew its holdings in shares of Bentley Systems by 0.5% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 103,557 shares of the company’s stock valued at $5,005,000 after purchasing an additional 561 shares during the last quarter. Finally, FDx Advisors Inc. grew its holdings in shares of Bentley Systems by 7.4% during the 4th quarter. FDx Advisors Inc. now owns 20,870 shares of the company’s stock valued at $1,009,000 after purchasing an additional 1,447 shares during the last quarter. Institutional investors and hedge funds own 33.12% of the company’s stock.

Bentley Systems Trading Down 0.1 %

NASDAQ:BSY opened at $41.05 on Friday. The firm’s fifty day moving average is $35.14 and its 200-day moving average is $37.60. The company has a debt-to-equity ratio of 4.09, a quick ratio of 0.68 and a current ratio of 0.68. Bentley Systems, Incorporated has a 52 week low of $26.32 and a 52 week high of $71.92. The firm has a market cap of $11.33 billion, a P/E ratio of 146.61, a P/E/G ratio of 7.22 and a beta of 1.00.

Bentley Systems (NASDAQ:BSYGet Rating) last posted its quarterly earnings data on Tuesday, May 10th. The company reported $0.24 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.04. Bentley Systems had a net margin of 8.84% and a return on equity of 55.22%. The company had revenue of $275.52 million for the quarter, compared to analyst estimates of $268.65 million. During the same period in the prior year, the firm posted $0.18 EPS. The company’s quarterly revenue was up 24.1% on a year-over-year basis. Equities analysts expect that Bentley Systems, Incorporated will post 0.63 earnings per share for the current year.

Bentley Systems Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 23rd. Stockholders of record on Thursday, June 9th were paid a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.29%. The ex-dividend date of this dividend was Wednesday, June 8th. Bentley Systems’s dividend payout ratio is currently 42.86%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Royal Bank of Canada decreased their price target on shares of Bentley Systems from $55.00 to $46.00 in a report on Wednesday, May 11th. Bank of America decreased their price target on shares of Bentley Systems from $60.00 to $50.00 in a report on Tuesday, May 10th. Mizuho decreased their price target on shares of Bentley Systems from $53.00 to $45.00 in a report on Wednesday, May 11th. Oppenheimer began coverage on shares of Bentley Systems in a report on Thursday, May 19th. They set an “outperform” rating and a $40.00 price target on the stock. Finally, Robert W. Baird reduced their target price on shares of Bentley Systems from $55.00 to $49.00 in a report on Wednesday, May 11th.

Bentley Systems Profile

(Get Rating)

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 and open simulation applications for infrastructure design integration, which include MicroStation, OpenRoads, OpenRail, OpenPlant, OpenBuildings, OpenBridge, OpenSite, OpenFlows, STAAD and RAM, SACS, MOSES, AutoPIPE, SITEOPS, CUBE, DYNAMEQ, EMME, and LEGION; and geoprofessional applications for modeling and simulation of near and deep subsurface conditions, including Leapfrog, AGS Workbench, GeoStudio, Imago, MX Deposit, Oasis montaj, PLAXIS, and OpenGround.

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Institutional Ownership by Quarter for Bentley Systems (NASDAQ:BSY)

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