Bentley Systems, Incorporated $BSY Shares Sold by Entropy Technologies LP

Entropy Technologies LP decreased its holdings in Bentley Systems, Incorporated (NASDAQ:BSY) by 58.3% in the first quarter, Holdings Channel reports. The fund owned 26,882 shares of the company’s stock after selling 37,534 shares during the period. Entropy Technologies LP’s holdings in Bentley Systems were worth $944,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of BSY. Los Angeles Capital Management LLC acquired a new position in shares of Bentley Systems during the 4th quarter worth approximately $25,000. Geneos Wealth Management Inc. increased its holdings in shares of 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 purchasing an additional 627 shares during the last quarter. Physician Wealth Advisors Inc. increased its holdings in shares of Bentley Systems by 80.2% in the first quarter. Physician Wealth Advisors Inc. now owns 791 shares of the company’s stock valued at $28,000 after purchasing an additional 352 shares during the last quarter. Royal London Asset Management Ltd. purchased a new position in Bentley Systems during the fourth quarter worth approximately $32,000. Finally, Pekao Towarzystwo Funduszy Inwestycyjnych S.A. purchased a new position in Bentley Systems during the fourth quarter worth approximately $34,000. 44.16% of the stock is owned by hedge funds and other institutional investors.

Bentley Systems Price Performance

NASDAQ:BSY opened at $35.84 on Wednesday. Bentley Systems, Incorporated has a 52 week low of $28.08 and a 52 week high of $59.25. 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 company has a market capitalization of $10.48 billion, a P/E ratio of 40.73, a P/E/G ratio of 2.17 and a beta of 1.00. The stock’s fifty day moving average is $31.67 and its two-hundred day moving average is $34.12.

Bentley Systems (NASDAQ:BSY) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.38 EPS for the quarter, beating the consensus estimate of $0.36 by $0.02. The business had revenue of $424.18 million for the quarter, compared to analyst estimates of $419.80 million. Bentley Systems had a return on equity of 28.65% and a net margin of 18.12%.The company’s quarterly revenue was up 14.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.35 EPS. Equities analysts expect that Bentley Systems, Incorporated will post 1.2 EPS for the current year.

Bentley Systems Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 11th. Shareholders of record on Tuesday, June 2nd were given a $0.07 dividend. The ex-dividend date of this dividend was Tuesday, June 2nd. This represents a $0.28 dividend on an annualized basis and a yield of 0.8%. Bentley Systems’s dividend payout ratio is presently 31.82%.

Analysts Set New Price Targets

Several brokerages have issued reports on BSY. Mizuho dropped their target price on Bentley Systems from $50.00 to $45.00 and set an “outperform” rating for the company in a report on Friday, May 8th. Bank of America started coverage on Bentley Systems in a report on Tuesday, May 12th. They set a “buy” rating and a $40.00 price target on the stock. BNP Paribas Exane began coverage on shares of Bentley Systems in a research report on Thursday, June 18th. They set an “outperform” rating and a $40.00 price target on the stock. Zacks Research lowered shares of Bentley Systems from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 21st. Finally, BMO Capital Markets set a $41.00 price objective on shares of Bentley Systems in a research report on Friday. Nine equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $45.00.

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.