Proficio Capital Partners LLC Invests $809,000 in Bentley Systems, Incorporated (NASDAQ:BSY)

Proficio Capital Partners LLC acquired a new position in Bentley Systems, Incorporated (NASDAQ:BSY) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 17,334 shares of the company’s stock, valued at approximately $809,000.

Other large investors have also recently made changes to their positions in the company. Point72 Hong Kong Ltd bought a new stake in Bentley Systems during the third quarter worth about $30,000. Private Trust Co. NA boosted its position 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 worth $47,000 after purchasing an additional 378 shares in the last quarter. Tobam bought a new stake in shares of Bentley Systems in the 4th quarter worth approximately $55,000. Anchor Investment Management LLC bought a new stake in shares of Bentley Systems in the 3rd quarter worth approximately $110,000. Finally, IFP Advisors Inc boosted its position in shares of Bentley Systems by 4,627.3% in the 4th quarter. IFP Advisors Inc now owns 4,680 shares of the company’s stock worth $220,000 after purchasing an additional 4,581 shares in the last quarter. 44.16% of the stock is currently owned by institutional investors.

Insider Activity at Bentley Systems

In other Bentley Systems news, Director Keith A. Bentley sold 1,152 shares of the firm’s stock in a transaction that occurred on Friday, January 24th. The shares were sold at an average price of $46.33, for a total value of $53,372.16. Following the completion of the sale, the director now directly owns 16,703,876 shares in the company, 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. 21.12% of the stock is currently owned by corporate insiders.

Bentley Systems Stock Performance

Bentley Systems stock opened at $41.94 on Friday. 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, Incorporated has a 1-year low of $39.98 and a 1-year high of $57.19. The firm has a market capitalization of $12.23 billion, a P/E ratio of 37.78, a price-to-earnings-growth ratio of 3.52 and a beta of 1.04. The company’s 50-day moving average is $44.92 and its 200 day moving average is $47.40.

Bentley Systems Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Wednesday, March 19th will be given a dividend of $0.07 per share. 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. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.67%. Bentley Systems’s dividend payout ratio (DPR) is 38.36%.

Analyst Ratings Changes

A number of analysts have recently commented on BSY shares. Rosenblatt Securities reissued a “buy” rating and issued a $62.00 price target on shares of Bentley Systems in a research report on Tuesday, February 25th. Oppenheimer cut Bentley Systems from an “outperform” rating to a “market perform” rating in a research report on Thursday, February 27th. Piper Sandler dropped their price target on Bentley Systems from $65.00 to $57.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 8th. Robert W. Baird lowered their price objective on Bentley Systems from $60.00 to $59.00 and set an “outperform” rating on the stock in a research report on Thursday, February 27th. Finally, The Goldman Sachs Group cut Bentley Systems from a “neutral” rating to a “sell” rating and lowered their price objective for the company from $51.00 to $42.00 in a research report on Friday, February 28th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, Bentley Systems presently has a consensus rating of “Moderate Buy” and a consensus target price 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.