Xponance Inc. Has $1.39 Million Position in Bentley Systems, Incorporated (NASDAQ:BSY)

Xponance Inc. increased its position in Bentley Systems, Incorporated (NASDAQ:BSY) by 3.2% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 29,769 shares of the company’s stock after acquiring an additional 935 shares during the period. Xponance Inc.’s holdings in Bentley Systems were worth $1,390,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Intech Investment Management LLC increased 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 worth $340,000 after buying an additional 254 shares during the last quarter. Polen Capital Management LLC acquired a new position in Bentley Systems in the fourth quarter worth approximately $1,000,000. Atala Financial Inc acquired a new position in Bentley Systems in the fourth quarter worth approximately $55,000. LBP AM SA acquired a new position in Bentley Systems in the fourth quarter worth approximately $13,591,000. Finally, Impact Capital Partners LLC acquired a new position in Bentley Systems in the fourth quarter worth approximately $782,000. Institutional investors and hedge funds own 44.16% of the company’s stock.

Analyst Upgrades and Downgrades

BSY has been the topic of several analyst reports. JPMorgan Chase & Co. initiated coverage on Bentley Systems in a report on Monday, December 9th. They set a “neutral” rating and a $52.00 price target on the stock. The Goldman Sachs Group downgraded Bentley Systems from a “neutral” rating to a “sell” rating and lowered their price target for the company from $51.00 to $42.00 in a report on Friday, February 28th. Oppenheimer downgraded Bentley Systems from an “outperform” rating to a “market perform” rating in a report on Thursday, February 27th. Robert W. Baird lowered 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. Finally, Rosenblatt Securities reiterated a “buy” rating and set a $62.00 price target on shares of Bentley Systems in a report on Tuesday, February 25th. One analyst has rated the stock with a sell rating, two have given a hold rating and six have issued 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 Transactions at Bentley Systems

In related news, Director Keith A. Bentley sold 1,152 shares of the firm’s stock in a transaction on 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 $773,890,575.08. This trade represents a 0.01 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 21.12% of the stock is currently owned by corporate insiders.

Bentley Systems Trading Up 0.7 %

Shares of Bentley Systems stock opened at $41.94 on Friday. The company’s fifty day simple moving average is $44.92 and its 200-day simple moving average is $47.40. The company has a market cap of $12.23 billion, a price-to-earnings ratio of 37.78, a PEG 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. Bentley Systems, Incorporated has a 1 year low of $39.98 and a 1 year high of $57.19.

Bentley Systems Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Wednesday, March 19th will be paid a $0.07 dividend. This is an increase from Bentley Systems’s previous quarterly dividend of $0.06. The ex-dividend date is Wednesday, March 19th. This represents a $0.28 annualized dividend and a dividend yield of 0.67%. Bentley Systems’s dividend payout ratio (DPR) is presently 38.36%.

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.