Bentley Systems, Incorporated (NASDAQ:BSY - Get Free Report) reached a new 52-week low during trading on Friday . The company traded as low as $38.60 and last traded at $38.66, with a volume of 130288 shares. The stock had previously closed at $40.22.
Wall Street Analyst Weigh In
Several equities research analysts have issued reports on the stock. Rosenblatt Securities reissued a "buy" rating and issued a $62.00 price objective on shares of Bentley Systems in a research report on Tuesday, February 25th. Oppenheimer lowered Bentley Systems from an "outperform" rating to a "market perform" rating in a report on Thursday, February 27th. JPMorgan Chase & Co. dropped their price objective on Bentley Systems from $52.00 to $45.00 and set a "neutral" rating on the stock in a research note on Wednesday. Piper Sandler decreased their target price on Bentley Systems from $65.00 to $57.00 and set an "overweight" rating for the company in a research report on Wednesday, January 8th. Finally, The Goldman Sachs Group downgraded 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. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, Bentley Systems currently has a consensus rating of "Hold" and a consensus price target of $54.25.
Get Our Latest Report on BSY
Bentley Systems Price Performance
The firm has a market capitalization of $12.29 billion, a PE ratio of 37.97, a P/E/G ratio of 3.52 and a beta of 1.06. 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 stock has a fifty day moving average price of $43.39 and a 200-day moving average price of $46.60.
Bentley Systems Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Wednesday, March 19th were paid a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 0.66%. The ex-dividend date of this dividend was Wednesday, March 19th. This is a positive change from Bentley Systems's previous quarterly dividend of $0.06. Bentley Systems's payout ratio is 38.36%.
Insider Buying and Selling at Bentley Systems
In other news, Director Keith A. Bentley sold 1,152 shares of the company's stock in a transaction 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 transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 21.12% of the company's stock.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Swedbank AB boosted 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 acquiring an additional 1,873,029 shares in the last quarter. Pictet Asset Management Holding SA raised its position in shares of Bentley Systems by 0.4% in the 4th quarter. Pictet Asset Management Holding SA now owns 5,614,750 shares of the company's stock valued at $262,209,000 after purchasing an additional 24,019 shares during the last quarter. Impax Asset Management Group plc boosted its stake in Bentley Systems by 41.9% in the 4th 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 in the last quarter. AXA S.A. grew its position in Bentley Systems by 7.6% during the 4th quarter. AXA S.A. now owns 1,603,157 shares of the company's stock worth $74,867,000 after purchasing an additional 112,824 shares during the last quarter. Finally, Northern Trust Corp increased its stake in Bentley Systems by 18.9% during the 4th quarter. Northern Trust Corp now owns 1,439,065 shares of the company's stock valued at $67,204,000 after purchasing an additional 228,502 shares in the last quarter. 44.16% of the stock is currently owned by hedge funds and other institutional investors.
Bentley Systems Company Profile
(
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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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