Prudential PLC Buys 371 Shares of Bentley Systems, Incorporated (NASDAQ:BSY)

Prudential PLC lifted its position in Bentley Systems, Incorporated (NASDAQ:BSY) by 0.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 63,008 shares of the company’s stock after acquiring an additional 371 shares during the period. Prudential PLC’s holdings in Bentley Systems were worth $2,942,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Private Trust Co. NA raised its holdings in Bentley Systems by 61.1% in the fourth quarter. Private Trust Co. NA now owns 997 shares of the company’s stock worth $47,000 after purchasing an additional 378 shares during the period. Tobam bought a new position in Bentley Systems during the fourth quarter worth about $55,000. Atala Financial Inc acquired a new position in Bentley Systems in the fourth quarter valued at about $55,000. CIBC Private Wealth Group LLC increased its holdings in shares of Bentley Systems by 42.0% in the fourth quarter. CIBC Private Wealth Group LLC now owns 1,673 shares of the company’s stock worth $78,000 after acquiring an additional 495 shares in the last quarter. Finally, Tortoise Investment Management LLC raised its position in shares of Bentley Systems by 76.9% during the fourth quarter. Tortoise Investment Management LLC now owns 1,675 shares of the company’s stock worth $78,000 after purchasing an additional 728 shares during the period. Institutional investors own 44.16% of the company’s stock.

Bentley Systems Stock Performance

BSY opened at $38.66 on Friday. The business’s 50-day simple moving average is $43.85 and its 200 day simple moving average is $46.84. Bentley Systems, Incorporated has a 52-week low of $38.28 and a 52-week high of $57.19. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.52 and a current ratio of 0.52. The firm has a market capitalization of $11.27 billion, a PE ratio of 34.83, a PEG ratio of 3.52 and a beta of 1.06.

Bentley Systems Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Wednesday, March 19th were issued a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 0.72%. The ex-dividend date of this dividend was Wednesday, March 19th. This is an increase from Bentley Systems’s previous quarterly dividend of $0.06. Bentley Systems’s dividend payout ratio is presently 38.36%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on BSY. Robert W. Baird lowered their target price on Bentley Systems from $60.00 to $59.00 and set an “outperform” rating for the company in a research note on Thursday, February 27th. Piper Sandler dropped their price objective on shares of Bentley Systems from $65.00 to $57.00 and set an “overweight” rating on the stock in a report on Wednesday, January 8th. JPMorgan Chase & Co. started coverage on shares of Bentley Systems in a research note on Monday, December 9th. They issued a “neutral” rating and a $52.00 target price for the company. UBS Group began coverage on Bentley Systems in a research note on Monday, March 31st. They issued a “neutral” rating and a $48.00 price target on the stock. Finally, Oppenheimer cut Bentley Systems from an “outperform” rating to a “market perform” rating in a research report on Thursday, February 27th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $55.13.

Insider Activity at Bentley Systems

In other news, Director Keith A. Bentley sold 1,152 shares of the company’s stock in a transaction dated Friday, January 24th. The shares were sold at an average price of $46.33, for a total value of $53,372.16. Following the sale, the director now directly owns 16,703,876 shares of the company’s stock, valued at approximately $773,890,575.08. This represents a 0.01 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 21.12% of the stock is owned by company insiders.

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.