Machina Capital S.A.S. Boosts Stock Holdings in Bentley Systems, Incorporated (NASDAQ:BSY)

Machina Capital S.A.S. increased its position in Bentley Systems, Incorporated (NASDAQ:BSY) by 23.8% in the fourth quarter, Holdings Channel.com reports. The fund owned 13,166 shares of the company’s stock after acquiring an additional 2,533 shares during the quarter. Machina Capital S.A.S.’s holdings in Bentley Systems were worth $615,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Principal Financial Group Inc. lifted its position in Bentley Systems by 20.5% during the third quarter. Principal Financial Group Inc. now owns 204,612 shares of the company’s stock valued at $10,396,000 after purchasing an additional 34,871 shares during the last quarter. Bar Harbor Wealth Management purchased a new position in shares of Bentley Systems during the fourth quarter worth approximately $8,413,000. Needham Investment Management LLC purchased a new position in shares of Bentley Systems during the third quarter worth approximately $2,134,000. Mirabella Financial Services LLP raised its stake in shares of Bentley Systems by 1,155.0% during the third quarter. Mirabella Financial Services LLP now owns 100,800 shares of the company’s stock worth $5,018,000 after acquiring an additional 92,768 shares in the last quarter. Finally, Montanaro Asset Management Ltd increased its stake in shares of Bentley Systems by 8.8% in the third quarter. Montanaro Asset Management Ltd now owns 331,416 shares of the company’s stock worth $16,839,000 after buying an additional 26,741 shares during the period. 44.16% of the stock is currently owned by institutional investors.

Bentley Systems Stock Performance

Shares of BSY stock opened at $43.02 on Friday. Bentley Systems, Incorporated has a 12 month low of $41.84 and a 12 month high of $57.19. The stock has a market cap of $12.54 billion, a PE ratio of 38.76, a price-to-earnings-growth ratio of 3.52 and a beta of 1.04. 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 company’s fifty day moving average price is $45.96 and its 200-day moving average price is $48.04.

Bentley Systems Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Wednesday, March 19th will be paid a $0.07 dividend. This is a boost from Bentley Systems’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend is Wednesday, March 19th. This represents a $0.28 dividend on an annualized basis and a yield of 0.65%. Bentley Systems’s payout ratio is presently 38.36%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on BSY. Rosenblatt Securities reaffirmed a “buy” rating and issued a $62.00 target price on shares of Bentley Systems in a research note on Tuesday, February 25th. JPMorgan Chase & Co. began coverage on shares of Bentley Systems in a research note on Monday, December 9th. They issued a “neutral” rating and a $52.00 target price on the stock. Piper Sandler decreased their target price on shares of Bentley Systems from $65.00 to $57.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 8th. Oppenheimer downgraded shares of Bentley Systems from an “outperform” rating to a “market perform” rating in a research report on Thursday, February 27th. Finally, The Goldman Sachs Group downgraded shares of Bentley Systems from a “neutral” rating to a “sell” rating and reduced their price objective for the company from $51.00 to $42.00 in a research report on Friday, February 28th. 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. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $56.14.

Insider Buying and Selling

In other Bentley Systems news, Director Keith A. Bentley sold 69,573 shares of the company’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $46.67, for a total transaction of $3,246,971.91. Following the transaction, the director now owns 16,705,028 shares in the company, valued at approximately $779,623,656.76. This represents a 0.41 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 21.12% of the stock is currently owned by company insiders.

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.