Signaturefd LLC increased its stake in Bentley Systems, Incorporated (NASDAQ:BSY – Free Report) by 26.2% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,660 shares of the company’s stock after acquiring an additional 760 shares during the quarter. Signaturefd LLC’s holdings in Bentley Systems were worth $198,000 at the end of the most recent reporting period.
Several other hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. increased its stake in shares of Bentley Systems by 5.3% in the 1st quarter. Vanguard Group Inc. now owns 17,999,856 shares of the company’s stock valued at $708,114,000 after acquiring an additional 898,115 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC increased its stake in shares of Bentley Systems by 1.0% in the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 16,167,441 shares of the company’s stock valued at $636,027,000 after acquiring an additional 160,496 shares in the last quarter. Swedbank AB increased its stake in shares of Bentley Systems by 1.6% in the 1st quarter. Swedbank AB now owns 7,119,208 shares of the company’s stock valued at $280,070,000 after acquiring an additional 111,884 shares in the last quarter. Bessemer Group Inc. increased its stake in shares of Bentley Systems by 8,187,760.9% in the 1st quarter. Bessemer Group Inc. now owns 1,883,208 shares of the company’s stock valued at $74,086,000 after acquiring an additional 1,883,185 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Bentley Systems by 2.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 895,213 shares of the company’s stock valued at $35,218,000 after acquiring an additional 24,258 shares in the last quarter. Institutional investors own 44.16% of the company’s stock.
Bentley Systems Price Performance
BSY opened at $55.95 on Friday. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.51 and a quick ratio of 0.51. The company has a market capitalization of $16.34 billion, a price-to-earnings ratio of 70.82, a P/E/G ratio of 4.22 and a beta of 1.07. The firm’s fifty day moving average price is $54.12 and its two-hundred day moving average price is $49.89. Bentley Systems, Incorporated has a 1 year low of $36.51 and a 1 year high of $59.25.
Bentley Systems Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 23rd were issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend was Tuesday, September 23rd. Bentley Systems’s payout ratio is currently 35.44%.
Wall Street Analyst Weigh In
BSY has been the subject of a number of recent research reports. KeyCorp boosted their price target on shares of Bentley Systems from $56.00 to $59.00 and gave the company an “overweight” rating in a research note on Monday, July 7th. Oppenheimer boosted their price target on shares of Bentley Systems from $59.00 to $65.00 and gave the company an “outperform” rating in a research note on Thursday, August 7th. Wall Street Zen lowered shares of Bentley Systems from a “buy” rating to a “hold” rating in a research note on Wednesday, July 16th. The Goldman Sachs Group boosted their price target on shares of Bentley Systems from $42.00 to $47.00 and gave the company a “sell” rating in a research note on Thursday, August 7th. Finally, UBS Group boosted their price target on shares of Bentley Systems from $53.00 to $60.00 and gave the company a “neutral” rating in a research note on Thursday, August 7th. Six investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $56.60.
Check Out Our Latest Stock Analysis on Bentley Systems
Insiders Place Their Bets
In other Bentley Systems news, insider David R. Shaman sold 19,348 shares of Bentley Systems stock in a transaction on Monday, July 14th. The shares were sold at an average price of $56.96, for a total transaction of $1,102,062.08. Following the transaction, the insider directly owned 647,609 shares of the company’s stock, valued at $36,887,808.64. The trade was a 2.90% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Keith A. Bentley sold 150,000 shares of the business’s stock in a transaction dated Monday, July 7th. The stock was sold at an average price of $55.54, for a total transaction of $8,331,000.00. Following the completion of the transaction, the director directly owned 3,859,327 shares in the company, valued at $214,347,021.58. This trade represents a 3.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 170,713 shares of company stock worth $9,511,690 over the last ninety days. Insiders own 20.56% of the company’s stock.
About Bentley Systems
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.
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