Healthcare of Ontario Pension Plan Trust Fund Boosts Stock Position in Bentley Systems, Incorporated (NASDAQ:BSY)

Healthcare of Ontario Pension Plan Trust Fund increased its stake in shares of Bentley Systems, Incorporated (NASDAQ:BSY) by 18,074.5% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 9,996 shares of the company’s stock after buying an additional 9,941 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Bentley Systems were worth $522,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Private Trust Co. NA grew its stake in shares of Bentley Systems by 87.3% in the 4th quarter. Private Trust Co. NA now owns 545 shares of the company’s stock valued at $28,000 after buying an additional 254 shares during the period. Fifth Third Bancorp grew its position in Bentley Systems by 97.4% in the fourth quarter. Fifth Third Bancorp now owns 752 shares of the company’s stock worth $39,000 after acquiring an additional 371 shares during the period. Benjamin F. Edwards & Company Inc. increased its stake in Bentley Systems by 496.0% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 900 shares of the company’s stock worth $47,000 after acquiring an additional 749 shares during the last quarter. Van ECK Associates Corp purchased a new stake in Bentley Systems in the fourth quarter valued at $72,000. Finally, Principal Securities Inc. acquired a new position in shares of Bentley Systems in the 4th quarter valued at $73,000. Hedge funds and other institutional investors own 44.16% of the company’s stock.

Bentley Systems Price Performance

Bentley Systems stock opened at $48.37 on Friday. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 1.53. Bentley Systems, Incorporated has a 52-week low of $44.76 and a 52-week high of $57.19. The firm has a market cap of $13.95 billion, a PE ratio of 45.21, a price-to-earnings-growth ratio of 4.29 and a beta of 1.03. The company’s 50 day moving average is $50.62 and its two-hundred day moving average is $50.98.

Bentley Systems (NASDAQ:BSY) last announced its quarterly earnings data on Tuesday, May 7th. The company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.04. Bentley Systems had a return on equity of 32.62% and a net margin of 28.09%. The business had revenue of $337.76 million for the quarter, compared to analysts’ expectations of $335.00 million. On average, research analysts expect that Bentley Systems, Incorporated will post 0.85 EPS for the current fiscal year.

Bentley Systems Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 13th. Stockholders of record on Tuesday, June 4th were given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.50%. The ex-dividend date of this dividend was Tuesday, June 4th. Bentley Systems’s dividend payout ratio is presently 22.43%.

Insider Buying and Selling

In related news, Director Keith A. Bentley sold 59,420 shares of Bentley Systems stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $55.01, for a total value of $3,268,694.20. Following the completion of the transaction, the director now owns 16,972,383 shares in the company, valued at $933,650,788.83. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Keith A. Bentley sold 118,949 shares of the firm’s stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $55.01, for a total transaction of $6,543,384.49. Following the sale, the director now owns 17,031,803 shares of the company’s stock, valued at approximately $936,919,483.03. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Keith A. Bentley sold 59,420 shares of the business’s stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $55.01, for a total value of $3,268,694.20. Following the sale, the director now owns 16,972,383 shares of the company’s stock, valued at approximately $933,650,788.83. The disclosure for this sale can be found here. Insiders own 21.12% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Rosenblatt Securities reissued a “buy” rating and set a $60.00 price objective on shares of Bentley Systems in a research report on Tuesday, April 30th. Mizuho lifted their price target on shares of Bentley Systems from $57.00 to $60.00 and gave the company a “buy” rating in a research report on Wednesday, May 8th. Piper Sandler restated an “overweight” rating and issued a $63.00 price objective (up from $60.00) on shares of Bentley Systems in a report on Wednesday, May 8th. Finally, William Blair began coverage on shares of Bentley Systems in a research report on Thursday, March 28th. They set an “outperform” rating for the company. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $61.29.

Bentley Systems Profile

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 engineering applications, such as MicroStation, OpenBridge, OpenBuildings, OpenCities, OpenComms, OpenFlows, OpenPlant, OpenRail, OpenRoads, OpenSite, OpenTower, OpenTunnel, OpenUtilities, and OpenWindowPower; and open simulation engineering applications, including ADINA, AutoPIPE, CUBE, DYNAMEQ, EMME, LEGION, Power Line Systems, RAM, SACS, SPIDA, and STAAD; and geoprofessional applications for modeling and simulation of near and deep subsurface conditions, including AGS, Central, GeoStudio, Imago, Leapfrog, MX Deposit, Oasis montaj, OpenGround, and PLAXIS.