Impact Capital Partners LLC Purchases New Stake in Bentley Systems, Incorporated (NASDAQ:BSY)

Impact Capital Partners LLC purchased a new stake in shares of Bentley Systems, Incorporated (NASDAQ:BSY) during the 4th quarter, Holdings Channel reports. The fund purchased 16,745 shares of the company’s stock, valued at approximately $782,000.

Several other large investors have also recently bought and sold shares of the business. Proficio Capital Partners LLC acquired a new position in Bentley Systems in the 4th quarter worth about $809,000. Principal Financial Group Inc. increased its position in Bentley Systems by 20.5% in the 3rd quarter. Principal Financial Group Inc. now owns 204,612 shares of the company’s stock worth $10,396,000 after purchasing an additional 34,871 shares during the last quarter. Bar Harbor Wealth Management acquired a new position in Bentley Systems in the 4th quarter worth about $8,413,000. Needham Investment Management LLC acquired a new position in Bentley Systems in the 3rd quarter worth about $2,134,000. Finally, Mirabella Financial Services LLP increased its position in Bentley Systems by 1,155.0% in the 3rd quarter. Mirabella Financial Services LLP now owns 100,800 shares of the company’s stock worth $5,018,000 after purchasing an additional 92,768 shares during the last quarter. 44.16% of the stock is owned by institutional investors and hedge funds.

Bentley Systems Trading Down 1.8 %

BSY stock opened at $40.79 on Thursday. The company has a market cap of $11.89 billion, a P/E ratio of 36.75, a PEG ratio of 3.52 and a beta of 1.04. Bentley Systems, Incorporated has a twelve month low of $40.69 and a twelve month high of $57.19. 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 has a fifty day moving average of $45.61 and a 200-day moving average of $47.86.

Bentley Systems Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Wednesday, March 19th will be paid a dividend of $0.07 per share. The ex-dividend date is Wednesday, March 19th. This is a boost from Bentley Systems’s previous quarterly dividend of $0.06. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.69%. Bentley Systems’s payout ratio is 38.36%.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. Oppenheimer downgraded Bentley Systems from an “outperform” rating to a “market perform” rating in a research note on Thursday, February 27th. The Goldman Sachs Group downgraded Bentley Systems from a “neutral” rating to a “sell” rating and decreased their price target for the stock from $51.00 to $42.00 in a research note on Friday, February 28th. Robert W. Baird decreased their price target on Bentley Systems from $60.00 to $59.00 and set an “outperform” rating for the company in a research note on Thursday, February 27th. JPMorgan Chase & Co. assumed coverage on Bentley Systems in a report on Monday, December 9th. They issued a “neutral” rating and a $52.00 target price on the stock. Finally, Piper Sandler lowered their target price on Bentley Systems from $65.00 to $57.00 and set an “overweight” rating on the stock in a report on Wednesday, January 8th. One investment 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’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $56.14.

Insider Buying and Selling

In other Bentley Systems news, Director Keith A. Bentley sold 1,152 shares of the business’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 completion of the transaction, the director now directly owns 16,703,876 shares of the company’s stock, valued at approximately $773,890,575.08. The trade was a 0.01 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 21.12% of the stock is owned by insiders.

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.