Johnson Investment Counsel Inc. Acquires 11,560 Shares of Bentley Systems, Incorporated (NASDAQ:BSY)

Johnson Investment Counsel Inc. boosted its position in shares of Bentley Systems, Incorporated (NASDAQ:BSY - Free Report) by 16.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 81,863 shares of the company's stock after buying an additional 11,560 shares during the quarter. Johnson Investment Counsel Inc.'s holdings in Bentley Systems were worth $3,823,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Point72 Hong Kong Ltd acquired a new stake in Bentley Systems during the 3rd quarter worth $30,000. Private Trust Co. NA boosted its position in shares of Bentley Systems by 61.1% in the 4th quarter. Private Trust Co. NA now owns 997 shares of the company's stock worth $47,000 after purchasing an additional 378 shares during the last quarter. Tobam acquired a new stake in shares of Bentley Systems during the fourth quarter worth $55,000. Anchor Investment Management LLC acquired a new stake in shares of Bentley Systems during the third quarter worth $110,000. Finally, IFP Advisors Inc increased its holdings in Bentley Systems by 4,627.3% in the fourth quarter. IFP Advisors Inc now owns 4,680 shares of the company's stock valued at $220,000 after purchasing an additional 4,581 shares during the last quarter. 44.16% of the stock is currently owned by institutional investors.

Bentley Systems Stock Up 0.9 %

Shares of BSY stock traded up $0.38 during trading hours on Tuesday, hitting $41.52. 1,848,447 shares of the company were exchanged, compared to its average volume of 1,320,766. Bentley Systems, Incorporated has a 52 week low of $40.78 and a 52 week 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 business has a 50 day moving average of $45.73 and a two-hundred day moving average of $47.91. The company has a market capitalization of $12.11 billion, a PE ratio of 37.41, a PEG ratio of 3.52 and a beta of 1.04.

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Bentley Systems Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Wednesday, March 19th will be issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 0.67%. The ex-dividend date of this dividend is Wednesday, March 19th. This is a boost from Bentley Systems's previous quarterly dividend of $0.06. Bentley Systems's dividend payout ratio is 38.36%.

Insider Buying and Selling at Bentley Systems

In other news, Director Keith A. Bentley sold 1,152 shares of the business's stock in a transaction 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 sale, the director now 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 sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 21.12% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on BSY. The Goldman Sachs Group lowered Bentley Systems from a "neutral" rating to a "sell" rating and decreased their target price for the stock from $51.00 to $42.00 in a research report on Friday, February 28th. Robert W. Baird decreased their price objective on shares of Bentley Systems from $60.00 to $59.00 and set an "outperform" rating for the company in a report on Thursday, February 27th. Piper Sandler lowered their target price on shares of Bentley Systems from $65.00 to $57.00 and set an "overweight" rating for the company in a research note on Wednesday, January 8th. Oppenheimer cut shares of Bentley Systems from an "outperform" rating to a "market perform" rating in a research report on Thursday, February 27th. Finally, Rosenblatt Securities restated a "buy" rating and issued a $62.00 price objective on shares of Bentley Systems in a research report on Tuesday, February 25th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $56.14.

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.