Clear Harbor Asset Management LLC Has $746,000 Stake in Bentley Systems, Incorporated (NASDAQ:BSY)

Clear Harbor Asset Management LLC increased its stake in Bentley Systems, Incorporated (NASDAQ:BSY) by 17.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 15,115 shares of the company’s stock after purchasing an additional 2,223 shares during the period. Clear Harbor Asset Management LLC’s holdings in Bentley Systems were worth $746,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. GAMMA Investing LLC boosted its stake in Bentley Systems by 90.1% in the 2nd quarter. GAMMA Investing LLC now owns 576 shares of the company’s stock valued at $28,000 after purchasing an additional 273 shares during the period. Benjamin F. Edwards & Company Inc. raised its holdings in Bentley Systems by 496.0% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 900 shares of the company’s stock valued at $47,000 after buying an additional 749 shares during the last quarter. Van ECK Associates Corp acquired a new stake in Bentley Systems in the fourth quarter valued at $72,000. Principal Securities Inc. bought a new position in shares of Bentley Systems during the fourth quarter worth about $73,000. Finally, Assetmark Inc. lifted its stake in Bentley Systems by 133.3% in the fourth quarter. Assetmark Inc. now owns 1,666 shares of the company’s stock valued at $87,000 after buying an additional 952 shares during the period. Institutional investors own 44.16% of the company’s stock.

Bentley Systems Trading Up 0.5 %

Shares of BSY traded up $0.25 on Friday, hitting $50.17. 673,029 shares of the stock traded hands, compared to its average volume of 1,296,796. The firm has a market capitalization of $14.47 billion, a P/E ratio of 46.65, a P/E/G ratio of 4.21 and a beta of 1.03. The stock’s 50 day moving average is $49.29 and its two-hundred day moving average is $50.86. Bentley Systems, Incorporated has a 1 year low of $43.82 and a 1 year high of $57.19. 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 (NASDAQ:BSY) last announced its earnings results on Tuesday, August 6th. The company reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.08. Bentley Systems had a net margin of 28.09% and a return on equity of 32.62%. The business had revenue of $330.34 million during the quarter, compared to the consensus estimate of $325.20 million. During the same period in the prior year, the firm earned $0.20 earnings per share. The business’s quarterly revenue was up 11.3% compared to the same quarter last year. As a group, sell-side analysts predict that Bentley Systems, Incorporated will post 0.85 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 13th. Stockholders of record on Tuesday, June 4th were paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.48%. The ex-dividend date of this dividend was Tuesday, June 4th. Bentley Systems’s dividend payout ratio is presently 22.43%.

Analyst Ratings Changes

Several brokerages have weighed in on BSY. Rosenblatt Securities restated a “buy” rating and set a $62.00 price objective on shares of Bentley Systems in a research note on Wednesday, August 7th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $61.00 price objective on shares of Bentley Systems in a research note on Wednesday, August 7th. The Goldman Sachs Group lowered their price objective on Bentley Systems from $57.00 to $50.00 and set a “neutral” rating for the company in a research report on Wednesday, August 7th. Piper Sandler reissued an “overweight” rating and set a $63.00 price objective on shares of Bentley Systems in a research report on Wednesday, August 7th. Finally, Mizuho raised their target price on shares of Bentley Systems from $57.00 to $60.00 and gave the stock a “buy” rating in a report on Wednesday, May 8th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, Bentley Systems currently has an average rating of “Moderate Buy” and a consensus price target of $59.57.

Bentley Systems Company 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.