Sanctuary Advisors LLC cut its holdings in shares of Bentley Systems, Incorporated (NASDAQ:BSY – Free Report) by 29.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 45,255 shares of the company’s stock after selling 18,611 shares during the quarter. Sanctuary Advisors LLC’s holdings in Bentley Systems were worth $1,589,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently modified their holdings of BSY. Los Angeles Capital Management LLC acquired a new stake in shares of Bentley Systems in the 4th quarter valued at approximately $25,000. Geneos Wealth Management Inc. increased its stake in Bentley Systems by 1,529.3% in the first quarter. Geneos Wealth Management Inc. now owns 668 shares of the company’s stock valued at $26,000 after purchasing an additional 627 shares in the last quarter. Caitong International Asset Management Co. Ltd acquired a new position in shares of Bentley Systems during the third quarter valued at about $37,000. IFP Advisors Inc boosted its position in shares of Bentley Systems by 174.5% during the 3rd quarter. IFP Advisors Inc now owns 763 shares of the company’s stock worth $39,000 after purchasing an additional 485 shares in the last quarter. Finally, Physician Wealth Advisors Inc. boosted its position in shares of Bentley Systems by 80.2% during the 1st quarter. Physician Wealth Advisors Inc. now owns 791 shares of the company’s stock worth $28,000 after purchasing an additional 352 shares in the last quarter. 44.16% of the stock is currently owned by institutional investors and hedge funds.
Bentley Systems Price Performance
Shares of BSY stock opened at $30.12 on Friday. The stock has a 50 day moving average price of $31.62 and a 200 day moving average price of $34.24. Bentley Systems, Incorporated has a 52-week low of $28.08 and a 52-week high of $59.25. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.51 and a current ratio of 0.51. The firm has a market capitalization of $8.80 billion, a P/E ratio of 34.23, a P/E/G ratio of 1.91 and a beta of 1.00.
Bentley Systems Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, June 11th. Stockholders of record on Tuesday, June 2nd were paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend was Tuesday, June 2nd. Bentley Systems’s dividend payout ratio is presently 31.82%.
Analyst Ratings Changes
Several analysts have commented on the stock. Bank of America initiated coverage on shares of Bentley Systems in a research report on Tuesday, May 12th. They issued a “buy” rating and a $40.00 price objective on the stock. BNP Paribas Exane started coverage on shares of Bentley Systems in a research note on Thursday, June 18th. They issued an “outperform” rating and a $40.00 target price on the stock. UBS Group cut their price objective on Bentley Systems from $43.00 to $40.00 and set a “neutral” rating on the stock in a research report on Monday, May 4th. Weiss Ratings lowered shares of Bentley Systems from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, July 16th. Finally, Mizuho lowered their price objective on Bentley Systems from $50.00 to $45.00 and set an “outperform” rating on the stock in a research report on Friday, May 8th. Nine equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $45.54.
Bentley Systems Company Profile
Bentley Systems, Inc is a global software provider specializing in infrastructure engineering applications for the design, construction, and operations of roads, bridges, rail and transit systems, water and wastewater networks, power plants and grids, industrial facilities, and communications infrastructure. Founded in 1984 by brothers Keith and Barry Bentley, the company is headquartered in Exton, Pennsylvania, and maintains offices and development centers across North America, Europe, Asia, and Australia.
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