Louisiana State Employees Retirement System Invests $1.52 Million in Bentley Systems, Incorporated $BSY

Louisiana State Employees Retirement System purchased a new position in Bentley Systems, Incorporated (NASDAQ:BSY) during the first quarter, Holdings Channel reports. The fund purchased 43,200 shares of the company’s stock, valued at approximately $1,517,000.

Several other institutional investors also recently added to or reduced their stakes in BSY. Los Angeles Capital Management LLC bought a new stake in Bentley Systems in the fourth quarter worth about $25,000. Geneos Wealth Management Inc. boosted its stake in Bentley Systems by 1,529.3% in the first quarter. Geneos Wealth Management Inc. now owns 668 shares of the company’s stock valued at $26,000 after acquiring an additional 627 shares during the last quarter. Royal London Asset Management Ltd. bought a new position in shares of Bentley Systems during the 4th quarter valued at approximately $32,000. Pekao Towarzystwo Funduszy Inwestycyjnych S.A. bought a new position in shares of Bentley Systems during the 4th quarter valued at approximately $34,000. Finally, National Pension Service increased its stake in shares of Bentley Systems by 63.0% during the 4th quarter. National Pension Service now owns 880 shares of the company’s stock worth $34,000 after purchasing an additional 340 shares during the last quarter. Institutional investors own 44.16% of the company’s stock.

Bentley Systems Stock Performance

Shares of BSY stock opened at $32.26 on Friday. The stock has a market capitalization of $9.43 billion, a P/E ratio of 36.66, a PEG ratio of 2.01 and a beta of 1.00. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.91. The firm’s 50 day moving average is $31.94 and its 200 day moving average is $35.03. Bentley Systems, Incorporated has a 12 month low of $28.08 and a 12 month high of $59.25.

Bentley Systems (NASDAQ:BSY) last released its quarterly earnings data 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. 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 analyst estimates of $419.80 million. During the same period in the previous year, the business earned $0.35 EPS. Bentley Systems’s revenue was up 14.5% compared to the same quarter last year. On average, sell-side analysts anticipate that Bentley Systems, Incorporated will post 1.2 earnings per share for the current year.

Bentley Systems Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, June 11th. Stockholders of record on Tuesday, June 2nd were issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend was Tuesday, June 2nd. Bentley Systems’s dividend payout ratio (DPR) is presently 31.82%.

Analyst Upgrades and Downgrades

BSY has been the topic of a number of research reports. Weiss Ratings raised shares of Bentley Systems from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday. Barclays decreased their target price on Bentley Systems from $49.00 to $40.00 and set an “equal weight” rating for the company in a research report on Friday, May 29th. Zacks Research lowered Bentley Systems from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 21st. BNP Paribas Exane started coverage on Bentley Systems in a research report on Thursday, June 18th. They set an “outperform” rating and a $40.00 price target on the stock. Finally, UBS Group cut their price target on Bentley Systems from $43.00 to $40.00 and set a “neutral” rating for the company in a research note on Monday, May 4th. Ten analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $46.50.

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.