Advisor OS LLC Sells 9,647 Shares of Bentley Systems, Incorporated (NASDAQ:BSY)

Advisor OS LLC cut its stake in shares of Bentley Systems, Incorporated (NASDAQ:BSY - Free Report) by 46.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 11,004 shares of the company's stock after selling 9,647 shares during the period. Advisor OS LLC's holdings in Bentley Systems were worth $514,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Point72 Hong Kong Ltd bought a new position in shares of Bentley Systems during the third quarter valued at approximately $30,000. Tobam acquired a new stake in Bentley Systems in the 4th quarter valued at about $55,000. Anchor Investment Management LLC purchased a new stake in Bentley Systems in the third quarter valued at approximately $110,000. IFP Advisors Inc lifted its holdings in shares of Bentley Systems by 4,627.3% in the fourth quarter. IFP Advisors Inc now owns 4,680 shares of the company's stock valued at $220,000 after purchasing an additional 4,581 shares in the last quarter. Finally, Quest Partners LLC purchased a new stake in shares of Bentley Systems in the third quarter valued at $221,000. 44.16% of the stock is currently owned by hedge funds and other institutional investors.

Bentley Systems Price Performance

Shares of NASDAQ:BSY traded down $0.14 on Friday, hitting $43.90. The company had a trading volume of 2,708,554 shares, compared to its average volume of 1,259,799. The company has a market cap of $12.80 billion, a PE ratio of 39.55, a PEG ratio of 3.52 and a beta of 1.03. 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 business has a 50 day moving average of $46.46 and a 200 day moving average of $48.29. Bentley Systems, Incorporated has a 52-week low of $42.46 and a 52-week high of $57.19.

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Bentley Systems Increases Dividend

The business 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 $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 0.64%. The ex-dividend date is Wednesday, March 19th. This is a positive change from Bentley Systems's previous quarterly dividend of $0.06. Bentley Systems's dividend payout ratio is currently 38.36%.

Insider Activity

In related news, Director Keith A. Bentley sold 69,573 shares of the company's stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $46.67, for a total transaction of $3,246,971.91. Following the completion of the sale, the director now 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 SEC, which is available through the SEC website. 21.12% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms have commented on BSY. The Goldman Sachs Group downgraded Bentley Systems from a "neutral" rating to a "sell" rating and reduced their target price for the stock from $51.00 to $42.00 in a report on Friday. Oppenheimer cut Bentley Systems from an "outperform" rating to a "market perform" rating in a report on Thursday. JPMorgan Chase & Co. initiated coverage on Bentley Systems in a research note on Monday, December 9th. They issued a "neutral" rating and a $52.00 target price for the company. Piper Sandler lowered 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. Finally, Robert W. Baird lowered their target price on shares of Bentley Systems from $60.00 to $59.00 and set an "outperform" rating on the stock in a report on Thursday. One investment analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company. According to MarketBeat.com, Bentley Systems currently has a consensus rating of "Moderate Buy" and an average target price of $56.14.

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.