Financial Guidance Group Inc. Sells 600 Shares of Bentley Systems, Incorporated (NASDAQ:BSY)

Financial Guidance Group Inc. cut its holdings in shares of Bentley Systems, Incorporated (NASDAQ:BSY) by 6.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,200 shares of the company’s stock after selling 600 shares during the quarter. Financial Guidance Group Inc.’s holdings in Bentley Systems were worth $383,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Point72 Hong Kong Ltd bought a new stake in Bentley Systems during the third quarter worth $30,000. Tobam acquired a new position in shares of Bentley Systems during the 4th quarter worth about $55,000. Livforsakringsbolaget Skandia Omsesidigt raised its holdings in shares of Bentley Systems by 500.0% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,200 shares of the company’s stock valued at $61,000 after purchasing an additional 1,000 shares during the period. Whittier Trust Co. of Nevada Inc. lifted its stake in Bentley Systems by 71.8% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 2,105 shares of the company’s stock valued at $107,000 after purchasing an additional 880 shares during the last quarter. Finally, Anchor Investment Management LLC bought a new position in Bentley Systems during the third quarter worth about $110,000. 44.16% of the stock is owned by institutional investors.

Insider Activity at Bentley Systems

In related news, Director Keith A. Bentley sold 1,152 shares of the stock in a transaction that occurred on Friday, January 24th. The stock was sold at an average price of $46.33, for a total transaction of $53,372.16. Following the sale, the director now owns 16,703,876 shares of the company’s stock, valued at $773,890,575.08. This represents a 0.01 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 21.12% of the stock is currently owned by corporate insiders.

Bentley Systems Stock Performance

NASDAQ:BSY opened at $46.08 on Thursday. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 1.37. The stock has a 50 day simple moving average of $46.94 and a 200 day simple moving average of $48.43. Bentley Systems, Incorporated has a 1-year low of $43.82 and a 1-year high of $57.19. The stock has a market cap of $13.40 billion, a P/E ratio of 41.51, a PEG ratio of 3.50 and a beta of 1.03.

Bentley Systems Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Tuesday, December 3rd were paid a $0.06 dividend. The ex-dividend date was Tuesday, December 3rd. This represents a $0.24 annualized dividend and a dividend yield of 0.52%. Bentley Systems’s dividend payout ratio (DPR) is presently 21.62%.

Analyst Ratings Changes

Several research firms have issued reports on BSY. JPMorgan Chase & Co. started coverage on Bentley Systems in a research note on Monday, December 9th. They issued a “neutral” rating and a $52.00 price objective on the stock. Rosenblatt Securities restated a “buy” rating and issued a $62.00 price target on shares of Bentley Systems in a research note on Friday, November 8th. Finally, Piper Sandler reduced their price objective on shares of Bentley Systems from $65.00 to $57.00 and set an “overweight” rating for the company in a research report on Wednesday, January 8th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, Bentley Systems has an average rating of “Moderate Buy” and an average target price of $57.00.

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.