Mirabella Financial Services LLP Has $1.70 Million Stock Holdings in Bentley Systems, Incorporated (NASDAQ:BSY)

Mirabella Financial Services LLP trimmed its holdings in shares of Bentley Systems, Incorporated (NASDAQ:BSY - Free Report) by 64.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 36,300 shares of the company's stock after selling 64,500 shares during the period. Mirabella Financial Services LLP's holdings in Bentley Systems were worth $1,695,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in BSY. Intech Investment Management LLC boosted its holdings in Bentley Systems by 3.6% in the fourth quarter. Intech Investment Management LLC now owns 7,283 shares of the company's stock valued at $340,000 after purchasing an additional 254 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in Bentley Systems by 3.3% during the fourth quarter. EverSource Wealth Advisors LLC now owns 10,035 shares of the company's stock worth $469,000 after purchasing an additional 317 shares during the last quarter. Prudential PLC boosted its holdings in Bentley Systems by 0.6% in the fourth quarter. Prudential PLC now owns 63,008 shares of the company's stock worth $2,942,000 after purchasing an additional 371 shares during the period. Private Trust Co. NA increased its stake in Bentley Systems by 61.1% during the fourth quarter. Private Trust Co. NA now owns 997 shares of the company's stock valued at $47,000 after purchasing an additional 378 shares during the last quarter. Finally, Venturi Wealth Management LLC raised its holdings in shares of Bentley Systems by 4.3% during the fourth quarter. Venturi Wealth Management LLC now owns 9,123 shares of the company's stock worth $426,000 after purchasing an additional 380 shares during the period. 44.16% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on BSY. The Goldman Sachs Group lowered Bentley Systems from a "neutral" rating to a "sell" rating and dropped their target price for the stock from $51.00 to $42.00 in a research report on Friday, February 28th. Robert W. Baird cut their price target on Bentley Systems from $60.00 to $59.00 and set an "outperform" rating on the stock in a report on Thursday, February 27th. UBS Group initiated coverage on Bentley Systems in a research report on Monday, March 31st. They issued a "neutral" rating and a $48.00 target price on the stock. Piper Sandler reduced their price target on Bentley Systems from $65.00 to $57.00 and set an "overweight" rating for the company in a research report on Wednesday, January 8th. Finally, KeyCorp cut their price objective on shares of Bentley Systems from $63.00 to $54.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 16th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, Bentley Systems currently has an average rating of "Moderate Buy" and an average target price of $52.70.

Insider Activity

In other Bentley Systems news, Director Keith A. Bentley sold 1,152 shares of the company'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 transaction, the director now owns 16,703,876 shares in the company, valued at approximately $773,890,575.08. This represents a 0.01 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 21.12% of the company's stock.

Bentley Systems Price Performance

Shares of BSY traded up $0.48 during trading hours on Thursday, hitting $43.90. 998,191 shares of the company were exchanged, compared to its average volume of 1,203,688. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.52 and a quick ratio of 0.52. The company has a market capitalization of $12.78 billion, a PE ratio of 39.55, a PEG ratio of 3.52 and a beta of 1.06. The firm has a fifty day simple moving average of $42.48 and a 200-day simple moving average of $46.04. Bentley Systems, Incorporated has a one year low of $36.51 and a one year high of $57.19.

Bentley Systems Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Wednesday, March 19th were paid a dividend of $0.07 per share. 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 0.64%. The ex-dividend date was Wednesday, March 19th. Bentley Systems's payout ratio is 38.36%.

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.