Impact Capital Partners LLC Makes New $782,000 Investment in Bentley Systems, Incorporated (NASDAQ:BSY)

Impact Capital Partners LLC bought a new stake in Bentley Systems, Incorporated (NASDAQ:BSY - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 16,745 shares of the company's stock, valued at approximately $782,000.

Several other hedge funds have also recently made changes to their positions in BSY. Swedbank AB grew its position in Bentley Systems by 36.5% during the 4th quarter. Swedbank AB now owns 7,007,324 shares of the company's stock worth $327,242,000 after purchasing an additional 1,873,029 shares during the period. Impax Asset Management Group plc grew its position in Bentley Systems by 41.9% during 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 during the period. Bank of New York Mellon Corp grew its position in Bentley Systems by 10.2% during the 4th quarter. Bank of New York Mellon Corp now owns 1,053,762 shares of the company's stock worth $49,211,000 after purchasing an additional 97,950 shares during the period. Charles Schwab Investment Management Inc. grew its position in Bentley Systems by 1.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,052,704 shares of the company's stock worth $49,161,000 after purchasing an additional 15,372 shares during the period. Finally, Fiera Capital Corp grew its position in Bentley Systems by 13.2% during the 4th quarter. Fiera Capital Corp now owns 953,246 shares of the company's stock worth $44,517,000 after purchasing an additional 111,433 shares during the period. 44.16% of the stock is owned by institutional investors and hedge funds.

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Bentley Systems Price Performance

Bentley Systems stock traded up $0.99 during midday trading on Monday, reaching $42.43. The company had a trading volume of 1,017,379 shares, compared to its average volume of 1,197,291. The company has a market capitalization of $12.37 billion, a P/E ratio of 38.23, a P/E/G ratio of 3.52 and a beta of 1.04. Bentley Systems, Incorporated has a 12-month low of $39.98 and a 12-month high of $57.19. The firm's fifty day simple moving average is $45.37 and its 200-day simple moving average is $47.69. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.52 and a quick ratio of 0.52.

Bentley Systems Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Wednesday, March 19th will be paid a $0.07 dividend. The ex-dividend date of this dividend is Wednesday, March 19th. This is a positive change from Bentley Systems's previous quarterly dividend of $0.06. This represents a $0.28 dividend on an annualized basis and a yield of 0.66%. Bentley Systems's dividend payout ratio (DPR) is currently 38.36%.

Insider Activity at Bentley Systems

In related news, Director Keith A. Bentley sold 69,573 shares of the firm's stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $46.67, for a total value of $3,246,971.91. Following the transaction, the director now directly owns 16,705,028 shares of the company's stock, valued at approximately $779,623,656.76. This trade represents a 0.41 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 21.12% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

BSY has been the topic of several analyst reports. Rosenblatt Securities reaffirmed a "buy" rating and set a $62.00 price target on shares of Bentley Systems in a research report on Tuesday, February 25th. Piper Sandler cut their price target 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. The Goldman Sachs Group lowered shares of Bentley Systems from a "neutral" rating to a "sell" rating and lowered their target price for the stock from $51.00 to $42.00 in a research note on Friday, February 28th. Robert W. Baird lowered their target price on shares of Bentley Systems from $60.00 to $59.00 and set an "outperform" rating on the stock in a research note on Thursday, February 27th. Finally, JPMorgan Chase & Co. started coverage on shares of Bentley Systems in a research note on Monday, December 9th. They set a "neutral" rating and a $52.00 target price on the stock. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $56.14.

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.