Fiera Capital Corp Acquires Shares of 841,813 Bentley Systems, Incorporated (NASDAQ:BSY)

Fiera Capital Corp bought a new stake in shares of Bentley Systems, Incorporated (NASDAQ:BSY - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 841,813 shares of the company's stock, valued at approximately $42,773,000. Fiera Capital Corp owned about 0.29% of Bentley Systems as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Forsta AP Fonden increased its stake in Bentley Systems by 45.0% during the 1st quarter. Forsta AP Fonden now owns 63,500 shares of the company's stock valued at $3,316,000 after purchasing an additional 19,700 shares in the last quarter. International Assets Investment Management LLC acquired a new position in Bentley Systems during the 3rd quarter valued at approximately $59,400,000. Vanguard Group Inc. increased its stake in Bentley Systems by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 22,252,050 shares of the company's stock valued at $1,162,002,000 after purchasing an additional 134,516 shares in the last quarter. Cetera Advisors LLC acquired a new position in Bentley Systems during the 1st quarter valued at approximately $608,000. Finally, Clearline Capital LP acquired a new position in Bentley Systems during the 2nd quarter valued at approximately $6,999,000. Hedge funds and other institutional investors own 44.16% of the company's stock.

Insider Activity at Bentley Systems

In related news, Director Barry J. Bentley sold 50,000 shares of Bentley Systems stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $50.20, for a total value of $2,510,000.00. Following the completion of the transaction, the director now owns 12,298,230 shares in the company, valued at $617,371,146. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Barry J. Bentley sold 50,000 shares of Bentley Systems stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $50.20, for a total value of $2,510,000.00. Following the completion of the transaction, the director now owns 12,298,230 shares in the company, valued at $617,371,146. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Raymond B. Bentley sold 91,045 shares of Bentley Systems stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $49.43, for a total transaction of $4,500,354.35. Following the completion of the transaction, the director now owns 16,598,656 shares of the company's stock, valued at $820,471,566.08. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 326,032 shares of company stock worth $16,168,176. Corporate insiders own 21.12% of the company's stock.

Analysts Set New Price Targets

BSY has been the topic of a number of research reports. Royal Bank of Canada reiterated an "outperform" rating and issued a $61.00 price objective on shares of Bentley Systems in a research note on Wednesday, August 7th. Piper Sandler increased their price objective on shares of Bentley Systems from $63.00 to $65.00 and gave the stock an "overweight" rating in a research note on Friday. Rosenblatt Securities reiterated a "buy" rating and issued a $62.00 price objective on shares of Bentley Systems in a research note on Friday. Finally, The Goldman Sachs Group cut their price objective on shares of Bentley Systems from $57.00 to $50.00 and set a "neutral" rating on the stock in a research note on Wednesday, August 7th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $59.50.

Bentley Systems Price Performance

Shares of NASDAQ:BSY traded down $2.51 during midday trading on Friday, hitting $48.58. The company's stock had a trading volume of 1,122,696 shares, compared to its average volume of 717,428. The business's 50 day simple moving average is $49.48 and its 200 day simple moving average is $50.41. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.49 and a current ratio of 0.49. The company has a market cap of $14.12 billion, a P/E ratio of 42.61, a price-to-earnings-growth ratio of 4.17 and a beta of 1.04. Bentley Systems, Incorporated has a 12-month low of $43.82 and a 12-month high of $57.19.

Bentley Systems (NASDAQ:BSY - Get Free Report) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.08. The firm had revenue of $330.34 million for the quarter, compared to the consensus estimate of $325.20 million. Bentley Systems had a net margin of 29.17% and a return on equity of 31.71%. The company's revenue for the quarter was up 11.3% on a year-over-year basis. During the same period last year, the firm posted $0.20 earnings per share. On average, analysts forecast that Bentley Systems, Incorporated will post 0.9 EPS for the current year.

Bentley Systems Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 26th. Investors of record on Tuesday, September 17th were issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.49%. The ex-dividend date of this dividend was Tuesday, September 17th. Bentley Systems's dividend payout ratio (DPR) is currently 21.05%.

Bentley Systems Company 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.