Bentley Systems, Incorporated (NASDAQ:BSY) Shares Bought by Fiera Capital Corp

Fiera Capital Corp boosted its position in Bentley Systems, Incorporated (NASDAQ:BSY - Free Report) by 13.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 953,246 shares of the company's stock after purchasing an additional 111,433 shares during the period. Fiera Capital Corp owned about 0.33% of Bentley Systems worth $44,517,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of BSY. Cetera Investment Advisers lifted its stake in Bentley Systems by 1.1% in the second quarter. Cetera Investment Advisers now owns 31,449 shares of the company's stock valued at $1,552,000 after purchasing an additional 352 shares during the last quarter. CWM LLC lifted its position in shares of Bentley Systems by 6.1% during the third quarter. CWM LLC now owns 24,367 shares of the company's stock worth $1,238,000 after acquiring an additional 1,398 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt lifted its position in shares of Bentley Systems by 500.0% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,200 shares of the company's stock worth $61,000 after acquiring an additional 1,000 shares in the last quarter. Swedbank AB lifted its position in shares of Bentley Systems by 24.2% during the third quarter. Swedbank AB now owns 5,134,295 shares of the company's stock worth $260,874,000 after acquiring an additional 1,000,000 shares in the last quarter. Finally, Heritage Family Offices LLP lifted its position in shares of Bentley Systems by 4.8% during the third quarter. Heritage Family Offices LLP now owns 10,583 shares of the company's stock worth $538,000 after acquiring an additional 480 shares in the last quarter. Hedge funds and other institutional investors own 44.16% of the company's stock.

Insider Transactions at Bentley Systems

In other Bentley Systems news, Director Keith A. Bentley sold 1,152 shares of the firm'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 value of $53,372.16. Following the completion of the sale, the director now directly owns 16,703,876 shares in the company, valued at $773,890,575.08. This trade represents a 0.01 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 21.12% of the company's stock.

Bentley Systems Stock Performance

Shares of BSY stock traded up $0.54 during mid-day trading on Friday, reaching $47.25. 895,734 shares of the company's stock traded hands, compared to its average volume of 1,189,212. Bentley Systems, Incorporated has a 12 month low of $43.82 and a 12 month high of $57.19. The firm has a 50 day moving average price of $46.84 and a two-hundred day moving average price of $48.41. 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 firm has a market capitalization of $13.74 billion, a PE ratio of 42.57, a price-to-earnings-growth ratio of 3.50 and a beta of 1.03.

Bentley Systems Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Tuesday, December 3rd were issued a $0.06 dividend. The ex-dividend date was Tuesday, December 3rd. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.51%. Bentley Systems's dividend payout ratio (DPR) is presently 21.62%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. Rosenblatt Securities restated a "buy" rating and set a $62.00 target price on shares of Bentley Systems in a research report on Friday, November 8th. JPMorgan Chase & Co. initiated coverage on Bentley Systems in a research report on Monday, December 9th. They issued a "neutral" rating and a $52.00 price objective on the stock. Finally, Piper Sandler lowered their price objective on Bentley Systems from $65.00 to $57.00 and set an "overweight" rating on the stock in a research report on Wednesday, January 8th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $57.00.

About Bentley Systems

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.