Charles Schwab Investment Management Inc. raised its stake in Bentley Systems, Incorporated (NASDAQ:BSY - Free Report) by 1.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,052,704 shares of the company's stock after buying an additional 15,372 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.36% of Bentley Systems worth $49,161,000 at the end of the most recent quarter.
Several other hedge funds also recently bought and sold shares of the stock. Plato Investment Management Ltd acquired a new position in shares of Bentley Systems in the 4th quarter worth approximately $447,000. Norden Group LLC lifted its stake in Bentley Systems by 8.3% during the fourth quarter. Norden Group LLC now owns 6,250 shares of the company's stock worth $292,000 after purchasing an additional 479 shares in the last quarter. Fisher Asset Management LLC purchased a new position in shares of Bentley Systems during the fourth quarter worth $6,737,000. Private Trust Co. NA grew its stake in shares of Bentley Systems by 61.1% in the fourth quarter. Private Trust Co. NA now owns 997 shares of the company's stock valued at $47,000 after buying an additional 378 shares in the last quarter. Finally, Proficio Capital Partners LLC acquired a new stake in shares of Bentley Systems in the fourth quarter valued at $809,000. Hedge funds and other institutional investors own 44.16% of the company's stock.
Insider Transactions at Bentley Systems
In other news, Director Keith A. Bentley sold 1,152 shares of the business's stock in a transaction that occurred on Friday, January 24th. The stock was sold at an average price of $46.33, for a total value of $53,372.16. Following the transaction, the director now owns 16,703,876 shares of the company's stock, valued at approximately $773,890,575.08. The trade was a 0.01 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 21.12% of the company's stock.
Bentley Systems Stock Performance
Shares of NASDAQ BSY traded up $0.99 during trading hours on Monday, reaching $42.43. The stock had a trading volume of 1,017,379 shares, compared to its average volume of 1,197,291. The firm has a 50-day moving average of $45.37 and a 200-day moving average of $47.69. The firm has a market cap of $12.37 billion, a price-to-earnings ratio of 38.23, a PEG ratio of 3.52 and a beta of 1.04. 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 fifty-two week low of $39.98 and a fifty-two week high of $57.19.
Bentley Systems Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Wednesday, March 19th will be issued a $0.07 dividend. This is an increase from Bentley Systems's previous quarterly dividend of $0.06. This represents a $0.28 annualized dividend and a dividend yield of 0.66%. The ex-dividend date is Wednesday, March 19th. Bentley Systems's dividend payout ratio is presently 38.36%.
Wall Street Analysts Forecast Growth
Several research firms have weighed in on BSY. Rosenblatt Securities reaffirmed a "buy" rating and issued a $62.00 target price on shares of Bentley Systems in a research report on Tuesday, February 25th. Robert W. Baird decreased their target price on Bentley Systems from $60.00 to $59.00 and set an "outperform" rating for the company in a report on Thursday, February 27th. Oppenheimer lowered shares of Bentley Systems from an "outperform" rating to a "market perform" rating in a research note on Thursday, February 27th. Piper Sandler reduced their target price 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, The Goldman Sachs Group downgraded shares of Bentley Systems from a "neutral" rating to a "sell" rating and dropped their price objective for the company from $51.00 to $42.00 in a research report on Friday, February 28th. One investment 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 MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $56.14.
Read Our Latest Report on BSY
Bentley Systems Profile
(
Free Report)
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.
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