Los Angeles Capital Management LLC Invests $594,000 in Bentley Systems, Incorporated (NASDAQ:BSY)

Los Angeles Capital Management LLC purchased a new position in shares of Bentley Systems, Incorporated (NASDAQ:BSY - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 12,727 shares of the company's stock, valued at approximately $594,000.

Several other institutional investors have also added to or reduced their stakes in the company. Point72 Hong Kong Ltd bought a new stake in Bentley Systems in the 3rd quarter valued at about $30,000. Tobam bought a new stake in shares of Bentley Systems during the 4th quarter valued at $55,000. Anchor Investment Management LLC acquired a new stake in shares of Bentley Systems during the 3rd quarter worth $110,000. Quest Partners LLC bought a new position in shares of Bentley Systems in the third quarter worth $221,000. Finally, Point72 DIFC Ltd acquired a new position in Bentley Systems in the third quarter valued at about $237,000. 44.16% of the stock is currently owned by institutional investors.

Bentley Systems Trading Down 2.4 %

Bentley Systems stock traded down $1.07 during trading hours on Monday, hitting $42.83. The stock had a trading volume of 1,824,786 shares, compared to its average volume of 1,273,922. The stock has a market cap of $12.49 billion, a price-to-earnings ratio of 38.59, a P/E/G ratio of 3.52 and a beta of 1.03. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 1.37. The business's 50 day simple moving average is $46.46 and its 200-day simple moving average is $48.28. Bentley Systems, Incorporated has a one year low of $42.46 and a one year high of $57.19.

Bentley Systems Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Wednesday, March 19th will be given a dividend of $0.07 per share. The ex-dividend date is Wednesday, March 19th. This is an increase from Bentley Systems's previous quarterly dividend of $0.06. This represents a $0.28 annualized dividend and a yield of 0.65%. Bentley Systems's dividend payout ratio (DPR) is currently 38.36%.

Analyst Ratings Changes

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

Insiders Place Their Bets

In other Bentley Systems news, Director Keith A. Bentley sold 1,152 shares of the company's stock in a transaction dated Friday, January 24th. The stock was 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 in the company, valued at approximately $773,890,575.08. The trade was a 0.01 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 21.12% of the company's stock.

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.