Orion Portfolio Solutions LLC Has $2.61 Million Stock Position in Bentley Systems, Incorporated (NASDAQ:BSY)

Orion Portfolio Solutions LLC lessened its holdings in Bentley Systems, Incorporated (NASDAQ:BSY) by 5.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 55,913 shares of the company’s stock after selling 3,298 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in Bentley Systems were worth $2,611,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Point72 Hong Kong Ltd bought a new position in Bentley Systems in the 3rd quarter valued at approximately $30,000. Private Trust Co. NA lifted its stake in shares of Bentley Systems by 61.1% in the 4th quarter. Private Trust Co. NA now owns 997 shares of the company’s stock valued at $47,000 after acquiring an additional 378 shares during the last quarter. Tobam acquired a new stake in shares of Bentley Systems during the 4th quarter valued at $55,000. Atala Financial Inc bought a new stake in Bentley Systems during the 4th quarter worth $55,000. Finally, Tortoise Investment Management LLC increased its holdings in Bentley Systems by 76.9% in the 4th quarter. Tortoise Investment Management LLC now owns 1,675 shares of the company’s stock worth $78,000 after purchasing an additional 728 shares in the last quarter. Institutional investors own 44.16% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on BSY shares. JPMorgan Chase & Co. assumed 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 cut shares of Bentley Systems from a “neutral” rating to a “sell” rating and decreased their price target for the company from $51.00 to $42.00 in a research report on Friday, February 28th. Robert W. Baird cut their price target on shares of Bentley Systems from $60.00 to $59.00 and set an “outperform” rating on the stock in a report on Thursday, February 27th. Piper Sandler decreased their price objective on Bentley Systems from $65.00 to $57.00 and set an “overweight” rating for the company in a report on Wednesday, January 8th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $62.00 target price on shares of Bentley Systems in a report on Tuesday, February 25th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, Bentley Systems presently has a consensus rating of “Hold” and an average price target of $55.13.

Insider Buying and Selling

In related 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 in the company, valued at $773,890,575.08. This represents a 0.01 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 21.12% of the stock is owned by company insiders.

Bentley Systems Stock Performance

Shares of BSY opened at $40.49 on Wednesday. Bentley Systems, Incorporated has a one year low of $38.66 and a one year high of $57.19. The company has a market cap of $11.81 billion, a PE ratio of 36.48, a P/E/G ratio of 3.52 and a beta of 1.04. The stock has a 50-day moving average of $44.23 and a 200-day moving average of $47.03. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.52 and a quick ratio of 0.52.

Bentley Systems Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Wednesday, March 19th were given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.69%. This is a positive change from Bentley Systems’s previous quarterly dividend of $0.06. The ex-dividend date was Wednesday, March 19th. Bentley Systems’s dividend payout ratio 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.