Bentley Systems, Incorporated (NASDAQ:BSY) Shares Acquired by Xponance Inc.

Xponance Inc. increased its stake in Bentley Systems, Incorporated (NASDAQ:BSY) by 3.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 29,769 shares of the company’s stock after purchasing an additional 935 shares during the quarter. Xponance Inc.’s holdings in Bentley Systems were worth $1,390,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Swedbank AB lifted its holdings in Bentley Systems by 36.5% in the fourth quarter. Swedbank AB now owns 7,007,324 shares of the company’s stock worth $327,242,000 after purchasing an additional 1,873,029 shares during the period. Impax Asset Management Group plc lifted its holdings in Bentley Systems by 41.9% in the fourth quarter. Impax Asset Management Group plc now owns 2,493,059 shares of the company’s stock worth $115,719,000 after purchasing an additional 736,369 shares during the period. Bank of New York Mellon Corp lifted its holdings in Bentley Systems by 10.2% in the fourth quarter. Bank of New York Mellon Corp now owns 1,053,762 shares of the company’s stock worth $49,211,000 after purchasing an additional 97,950 shares during the period. Charles Schwab Investment Management Inc. raised its position in Bentley Systems by 1.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,052,704 shares of the company’s stock worth $49,161,000 after acquiring an additional 15,372 shares in the last quarter. Finally, Fiera Capital Corp raised its position in Bentley Systems by 13.2% in the fourth quarter. Fiera Capital Corp now owns 953,246 shares of the company’s stock worth $44,517,000 after acquiring an additional 111,433 shares in the last quarter. Institutional investors and hedge funds own 44.16% of the company’s stock.

Bentley Systems Price Performance

BSY stock opened at $41.94 on Friday. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 1.37. Bentley Systems, Incorporated has a one year low of $39.98 and a one year high of $57.19. The firm has a market capitalization of $12.23 billion, a PE ratio of 37.78, a P/E/G ratio of 3.52 and a beta of 1.04. The firm has a 50-day moving average of $44.92 and a two-hundred day moving average of $47.40.

Bentley Systems Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Wednesday, March 19th will be paid a dividend of $0.07 per share. The ex-dividend date of this dividend is Wednesday, March 19th. This is a positive change from Bentley Systems’s previous quarterly dividend of $0.06. This represents a $0.28 dividend on an annualized basis and a yield of 0.67%. Bentley Systems’s dividend payout ratio is currently 38.36%.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Robert W. Baird dropped their price target on shares of Bentley Systems from $60.00 to $59.00 and set an “outperform” rating on the stock in a research report on Thursday, February 27th. Piper Sandler dropped their price target on shares of Bentley Systems from $65.00 to $57.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 8th. JPMorgan Chase & Co. assumed coverage on shares of Bentley Systems in a research report on Monday, December 9th. They issued a “neutral” rating and a $52.00 price target on the stock. The Goldman Sachs Group cut shares of Bentley Systems from a “neutral” rating to a “sell” rating and dropped their price target for the stock from $51.00 to $42.00 in a research report on Friday, February 28th. Finally, Oppenheimer cut shares of Bentley Systems from an “outperform” rating to a “market perform” rating in a research report on Thursday, February 27th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, Bentley Systems presently has an average rating of “Moderate Buy” and an average target price of $56.14.

Insider Buying and Selling at Bentley Systems

In other news, Director Keith A. Bentley sold 69,573 shares of the stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $46.67, for a total value of $3,246,971.91. Following the completion of the sale, the director now directly owns 16,705,028 shares of the company’s stock, valued at $779,623,656.76. This represents a 0.41 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 21.12% of the company’s stock.

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.