US Bancorp DE Sells 363 Shares of Bentley Systems, Incorporated (NASDAQ:BSY)

US Bancorp DE lessened its holdings in Bentley Systems, Incorporated (NASDAQ:BSY) by 4.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 7,439 shares of the company’s stock after selling 363 shares during the period. US Bancorp DE’s holdings in Bentley Systems were worth $348,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in BSY. Point72 Hong Kong Ltd bought a new stake in Bentley Systems in the 3rd quarter valued at $30,000. Private Trust Co. NA grew its holdings in 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 buying an additional 378 shares in the last quarter. Tobam acquired a new position in Bentley Systems in the 4th quarter valued at $55,000. Anchor Investment Management LLC acquired a new position in Bentley Systems in the 3rd quarter valued at $110,000. Finally, IFP Advisors Inc grew its holdings in Bentley Systems by 4,627.3% in the 4th quarter. IFP Advisors Inc now owns 4,680 shares of the company’s stock valued at $220,000 after buying an additional 4,581 shares in the last quarter. Institutional investors own 44.16% of the company’s stock.

Bentley Systems Stock Performance

BSY opened at $40.11 on Friday. The firm has a market cap of $11.69 billion, a P/E ratio of 36.14, a price-to-earnings-growth ratio of 3.52 and a beta of 1.04. Bentley Systems, Incorporated has a 52-week low of $39.98 and a 52-week high of $57.19. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.52 and a current ratio of 0.52. The business’s fifty day moving average is $45.49 and its 200-day moving average is $47.80.

Bentley Systems Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Wednesday, March 19th will be given a dividend of $0.07 per share. This is an increase from Bentley Systems’s previous quarterly dividend of $0.06. This represents a $0.28 annualized dividend and a dividend yield of 0.70%. The ex-dividend date of this dividend is Wednesday, March 19th. Bentley Systems’s dividend payout ratio is currently 38.36%.

Analysts Set New Price Targets

A number of research analysts have commented on the company. The Goldman Sachs Group lowered Bentley Systems from a “neutral” rating to a “sell” rating and decreased their price objective for the company from $51.00 to $42.00 in a report on Friday, February 28th. Piper Sandler decreased their price objective on Bentley Systems from $65.00 to $57.00 and set an “overweight” rating on the stock in a report on Wednesday, January 8th. Oppenheimer lowered Bentley Systems from an “outperform” rating to a “market perform” rating in a report on Thursday, February 27th. JPMorgan Chase & Co. assumed coverage on Bentley Systems in a report on Monday, December 9th. They issued a “neutral” rating and a $52.00 price objective on the stock. Finally, Rosenblatt Securities reaffirmed a “buy” rating and issued a $62.00 price objective on shares of Bentley Systems in a report on Tuesday, February 25th. One analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Bentley Systems currently has a consensus rating of “Moderate Buy” and a consensus price target of $56.14.

Insider Buying and Selling

In related news, Director Keith A. Bentley sold 1,152 shares of the company’s stock in a transaction on Friday, January 24th. The stock was sold at an average price of $46.33, for a total transaction 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 represents a 0.01 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 21.12% of the stock is owned by corporate insiders.

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.