Blair William & Co. IL Sells 6,877 Shares of Bentley Systems, Incorporated (NASDAQ:BSY)

Blair William & Co. IL lessened its holdings in shares of Bentley Systems, Incorporated (NASDAQ:BSY - Free Report) by 28.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,124 shares of the company's stock after selling 6,877 shares during the period. Blair William & Co. IL's holdings in Bentley Systems were worth $800,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the stock. Swedbank AB lifted its holdings in shares of 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 during the last quarter. Impax Asset Management Group plc increased its stake in shares of 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 valued at $115,719,000 after buying an additional 736,369 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of Bentley Systems by 10.2% in the 4th quarter. Bank of New York Mellon Corp now owns 1,053,762 shares of the company's stock valued at $49,211,000 after purchasing an additional 97,950 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Bentley Systems by 1.5% in the 4th 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 lifted its stake in Bentley Systems by 13.2% in the fourth quarter. Fiera Capital Corp now owns 953,246 shares of the company's stock valued at $44,517,000 after buying an additional 111,433 shares during the period. Institutional investors own 44.16% of the company's stock.

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Bentley Systems Stock Down 1.3 %

NASDAQ:BSY traded down $0.50 during trading hours on Tuesday, hitting $38.62. The stock had a trading volume of 2,224,910 shares, compared to its average volume of 1,269,073. The business has a 50 day simple moving average of $43.39 and a two-hundred day simple moving average of $46.60. Bentley Systems, Incorporated has a 1-year low of $36.51 and a 1-year high of $57.19. 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 company has a market cap of $11.26 billion, a PE ratio of 34.79, a price-to-earnings-growth ratio of 3.52 and a beta of 1.06.

Bentley Systems Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Wednesday, March 19th were paid a $0.07 dividend. The ex-dividend date was Wednesday, March 19th. This represents a $0.28 dividend on an annualized basis and a yield of 0.73%. This is a boost from Bentley Systems's previous quarterly dividend of $0.06. Bentley Systems's dividend payout ratio (DPR) is currently 38.36%.

Insiders Place Their Bets

In related news, Director Keith A. Bentley sold 1,152 shares of the business's stock in a transaction that occurred on Friday, January 24th. The shares were sold at an average price of $46.33, for a total transaction of $53,372.16. Following the completion of the sale, the director now directly owns 16,703,876 shares of the company's stock, valued at $773,890,575.08. The trade was a 0.01 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 21.12% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on BSY. Rosenblatt Securities reiterated a "buy" rating and set a $62.00 price target on shares of Bentley Systems in a research note on Tuesday, February 25th. Piper Sandler lowered their target price on Bentley Systems from $65.00 to $57.00 and set an "overweight" rating on the stock in a research note on Wednesday, January 8th. The Goldman Sachs Group downgraded shares of Bentley Systems from a "neutral" rating to a "sell" rating and decreased their price objective for the stock from $51.00 to $42.00 in a report on Friday, February 28th. Oppenheimer lowered shares of Bentley Systems from an "outperform" rating to a "market perform" rating in a research note on Thursday, February 27th. Finally, 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 target price on the stock. One analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, Bentley Systems has an average rating of "Hold" and a consensus price target of $55.13.

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.