Vestmark Advisory Solutions Inc. Sells 5,458 Shares of Bentley Systems, Incorporated (NASDAQ:BSY)

Vestmark Advisory Solutions Inc. trimmed its position in Bentley Systems, Incorporated (NASDAQ:BSY) by 4.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 122,718 shares of the company’s stock after selling 5,458 shares during the quarter. Vestmark Advisory Solutions Inc.’s holdings in Bentley Systems were worth $5,731,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Swedbank AB lifted its stake in shares of Bentley Systems by 36.5% in the fourth quarter. Swedbank AB now owns 7,007,324 shares of the company’s stock worth $327,242,000 after buying an additional 1,873,029 shares during the last quarter. Impax Asset Management Group plc lifted its stake in shares of Bentley Systems by 41.9% in the fourth quarter. Impax Asset Management Group plc now owns 2,493,059 shares of the company’s stock worth $115,719,000 after buying an additional 736,369 shares during the last quarter. TimesSquare Capital Management LLC lifted its stake in shares of Bentley Systems by 3.5% in the third quarter. TimesSquare Capital Management LLC now owns 1,161,146 shares of the company’s stock worth $58,998,000 after buying an additional 39,205 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Bentley Systems by 10.2% in the fourth quarter. Bank of New York Mellon Corp now owns 1,053,762 shares of the company’s stock worth $49,211,000 after buying an additional 97,950 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Bentley Systems by 1.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,052,704 shares of the company’s stock worth $49,161,000 after buying an additional 15,372 shares during the last quarter. 44.16% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Bentley Systems

In other news, Director Keith A. Bentley sold 1,152 shares of the company’s stock in a transaction dated Friday, January 24th. The shares were sold at an average price of $46.33, for a total value of $53,372.16. Following the sale, the director now owns 16,703,876 shares of the company’s stock, valued at approximately $773,890,575.08. This represents a 0.01 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 21.12% of the company’s stock.

Bentley Systems Trading Up 2.8 %

Shares of Bentley Systems stock opened at $43.39 on Thursday. The firm has a market capitalization of $12.65 billion, a PE ratio of 39.09, a price-to-earnings-growth ratio of 3.52 and a beta of 1.04. 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’s fifty day moving average price is $46.15 and its two-hundred day moving average price is $48.14. Bentley Systems, Incorporated has a 52-week low of $41.84 and a 52-week high of $57.19.

Bentley Systems Increases Dividend

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

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on BSY. Robert W. Baird reduced their price objective on shares of Bentley Systems from $60.00 to $59.00 and set an “outperform” rating for the company in a research note on Thursday, February 27th. The Goldman Sachs Group cut shares of Bentley Systems from a “neutral” rating to a “sell” rating and cut their target price for the company from $51.00 to $42.00 in a research note on Friday, February 28th. JPMorgan Chase & Co. assumed coverage on shares of Bentley Systems in a research note on Monday, December 9th. They set a “neutral” rating and a $52.00 target price for the company. Piper Sandler cut their target price on shares of Bentley Systems from $65.00 to $57.00 and set an “overweight” rating for the company in a research note on Wednesday, January 8th. Finally, Rosenblatt Securities reiterated a “buy” rating and set a $62.00 target price on shares of Bentley Systems in a research note on Tuesday, February 25th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $56.14.

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.