Lombard Odier Asset Management Europe Ltd Has $6.07 Million Stock Holdings in Bentley Systems, Incorporated $BSY

Lombard Odier Asset Management Europe Ltd trimmed its holdings in shares of Bentley Systems, Incorporated (NASDAQ:BSY) by 99.0% in the first quarter, according to its most recent filing with the SEC. The firm owned 172,956 shares of the company’s stock after selling 16,309,862 shares during the period. Lombard Odier Asset Management Europe Ltd’s holdings in Bentley Systems were worth $6,074,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in BSY. Arrowstreet Capital Limited Partnership lifted its stake in Bentley Systems by 253.6% during the first quarter. Arrowstreet Capital Limited Partnership now owns 4,781,449 shares of the company’s stock worth $167,924,000 after purchasing an additional 3,429,087 shares during the period. Pictet Asset Management Holding SA raised its holdings in shares of Bentley Systems by 150.9% in the 1st quarter. Pictet Asset Management Holding SA now owns 4,661,346 shares of the company’s stock worth $163,703,000 after buying an additional 2,803,241 shares in the last quarter. Norges Bank acquired a new position in shares of Bentley Systems in the 4th quarter worth approximately $68,766,000. Swedbank AB lifted its position in shares of Bentley Systems by 18.5% during the 4th quarter. Swedbank AB now owns 8,589,201 shares of the company’s stock worth $327,807,000 after buying an additional 1,338,706 shares during the period. Finally, Madison Asset Management LLC bought a new position in shares of Bentley Systems during the 1st quarter worth approximately $34,466,000. Institutional investors own 44.16% of the company’s stock.

Bentley Systems Price Performance

Bentley Systems stock opened at $35.44 on Monday. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.51 and a current ratio of 0.51. The firm has a market cap of $10.36 billion, a P/E ratio of 40.27, a P/E/G ratio of 2.28 and a beta of 1.00. The business’s fifty day moving average is $31.83 and its two-hundred day moving average is $34.03. Bentley Systems, Incorporated has a 52 week low of $28.08 and a 52 week high of $58.64.

Bentley Systems (NASDAQ:BSY) last announced its earnings results 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 return on equity of 28.65% and a net margin of 18.12%.The company had revenue of $424.18 million during the quarter, compared to analyst estimates of $419.80 million. During the same period last year, the company posted $0.35 earnings per share. The firm’s quarterly revenue was up 14.5% compared to the same quarter last year. Equities research analysts forecast that Bentley Systems, Incorporated will post 1.2 earnings per share for the current fiscal year.

Bentley Systems Announces Dividend

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

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on BSY. UBS Group lowered their price target on Bentley Systems from $43.00 to $40.00 and set a “neutral” rating on the stock in a research report on Monday, May 4th. Barclays cut their price objective on Bentley Systems from $49.00 to $40.00 and set an “equal weight” rating for the company in a report on Friday, May 29th. Piper Sandler raised shares of Bentley Systems from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $42.00 to $45.00 in a report on Friday, May 8th. Bank of America began coverage on shares of Bentley Systems in a research report on Tuesday, May 12th. They set a “buy” rating and a $40.00 target price for the company. Finally, BMO Capital Markets set a $41.00 price target on shares of Bentley Systems in a report on Friday, July 24th. Nine research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $45.00.

About Bentley Systems

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.