Fiera Capital Corp Acquires 111,433 Shares of Bentley Systems, Incorporated (NASDAQ:BSY)

Fiera Capital Corp boosted its holdings in shares of Bentley Systems, Incorporated (NASDAQ:BSY) by 13.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 953,246 shares of the company’s stock after purchasing an additional 111,433 shares during the quarter. Fiera Capital Corp owned about 0.33% of Bentley Systems worth $44,517,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Clear Harbor Asset Management LLC boosted its position in shares of Bentley Systems by 1.5% in the third quarter. Clear Harbor Asset Management LLC now owns 15,335 shares of the company’s stock valued at $779,000 after acquiring an additional 220 shares during the period. Cetera Investment Advisers raised its stake in Bentley Systems by 1.1% during the 2nd quarter. Cetera Investment Advisers now owns 31,449 shares of the company’s stock valued at $1,552,000 after purchasing an additional 352 shares during the last quarter. CIBC Asset Management Inc boosted its holdings in Bentley Systems by 4.3% in the 3rd quarter. CIBC Asset Management Inc now owns 9,203 shares of the company’s stock valued at $468,000 after purchasing an additional 378 shares during the period. Diversify Wealth Management LLC grew its position in Bentley Systems by 2.2% in the 3rd quarter. Diversify Wealth Management LLC now owns 20,192 shares of the company’s stock worth $993,000 after purchasing an additional 428 shares during the last quarter. Finally, Park Avenue Securities LLC increased its holdings in shares of Bentley Systems by 5.4% during the 4th quarter. Park Avenue Securities LLC now owns 9,138 shares of the company’s stock worth $427,000 after purchasing an additional 467 shares during the period. Institutional investors and hedge funds own 44.16% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on BSY. Rosenblatt Securities reiterated a “buy” rating and issued a $62.00 target price on shares of Bentley Systems in a research note on Friday, November 8th. JPMorgan Chase & Co. assumed coverage on Bentley Systems in a research report on Monday, December 9th. They issued a “neutral” rating and a $52.00 price objective for the company. Finally, Piper Sandler cut their target price on Bentley Systems from $65.00 to $57.00 and set an “overweight” rating for the company in a research note on Wednesday, January 8th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, Bentley Systems currently has an average rating of “Moderate Buy” and an average target price of $57.00.

Insider Buying and Selling at Bentley Systems

In related news, Director Keith A. Bentley sold 69,573 shares of the company’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $46.67, for a total value of $3,246,971.91. Following the completion of the sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 21.12% of the company’s stock.

Bentley Systems Stock Down 1.2 %

Shares of NASDAQ:BSY opened at $46.08 on Thursday. Bentley Systems, Incorporated has a one year low of $43.82 and a one year high of $57.19. The company has a 50 day moving average of $47.03 and a 200-day moving average of $48.45. 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 stock has a market cap of $13.40 billion, a price-to-earnings ratio of 41.51, a P/E/G ratio of 3.50 and a beta of 1.03.

Bentley Systems Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Tuesday, December 3rd were issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.52%. The ex-dividend date was Tuesday, December 3rd. Bentley Systems’s dividend payout ratio is presently 21.62%.

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.