Bryce Point Capital LLC acquired a new stake in shares of Bentley Systems, Incorporated (NASDAQ:BSY - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 37,101 shares of the company's stock, valued at approximately $1,733,000.
A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Groupama Asset Managment raised its holdings in shares of Bentley Systems by 25.4% in the 4th quarter. Groupama Asset Managment now owns 18,059 shares of the company's stock valued at $859,000 after acquiring an additional 3,662 shares in the last quarter. O Shaughnessy Asset Management LLC raised its stake in Bentley Systems by 46.2% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 6,377 shares of the company's stock valued at $298,000 after purchasing an additional 2,015 shares in the last quarter. CIBC Private Wealth Group LLC lifted its position in Bentley Systems by 42.0% during the fourth quarter. CIBC Private Wealth Group LLC now owns 1,673 shares of the company's stock valued at $78,000 after purchasing an additional 495 shares during the last quarter. Schroder Investment Management Group purchased a new position in Bentley Systems in the 4th quarter worth approximately $247,000. Finally, Arrowstreet Capital Limited Partnership bought a new position in shares of Bentley Systems in the 4th quarter worth $422,000. Institutional investors own 44.16% of the company's stock.
Analyst Ratings Changes
BSY has been the subject of several research reports. Oppenheimer lowered shares of Bentley Systems from an "outperform" rating to a "market perform" rating in a research report on Thursday, February 27th. Rosenblatt Securities reiterated a "buy" rating and issued a $62.00 price objective on shares of Bentley Systems in a report on Tuesday, February 25th. Robert W. Baird decreased their price objective on Bentley Systems from $60.00 to $59.00 and set an "outperform" rating on the stock in a report on Thursday, February 27th. JPMorgan Chase & Co. assumed 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. Finally, UBS Group started coverage on shares of Bentley Systems in a research note on Monday, March 31st. They set a "neutral" rating and a $48.00 price target on the stock. One analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $55.13.
Read Our Latest Stock Report on BSY
Insider Activity
In related news, Director Keith A. Bentley sold 1,152 shares of the business's stock in a transaction dated 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 owns 16,703,876 shares in the company, valued at $773,890,575.08. The trade was a 0.01 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 21.12% of the company's stock.
Bentley Systems Trading Down 1.3 %
Shares of NASDAQ:BSY traded down $0.52 during trading on Monday, reaching $38.15. 856,672 shares of the company traded hands, compared to its average volume of 1,257,489. 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 52-week low of $36.79 and a 52-week high of $57.19. The business's fifty day moving average is $43.85 and its 200-day moving average is $46.82. The firm has a market capitalization of $11.12 billion, a price-to-earnings ratio of 34.46, a P/E/G ratio of 3.52 and a beta of 1.06.
Bentley Systems Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Wednesday, March 19th were given a $0.07 dividend. This is a boost from Bentley Systems's previous quarterly dividend of $0.06. The ex-dividend date was Wednesday, March 19th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.73%. Bentley Systems's payout ratio is presently 38.36%.
Bentley Systems Company 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.
Further Reading
Before you consider Bentley Systems, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Bentley Systems wasn't on the list.
While Bentley Systems currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
