Fiera Capital Corp Has $44.52 Million Holdings in Bentley Systems, Incorporated (NASDAQ:BSY)

Fiera Capital Corp grew its holdings in Bentley Systems, Incorporated (NASDAQ:BSY) by 13.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 953,246 shares of the company’s stock after acquiring an additional 111,433 shares during the quarter. Fiera Capital Corp’s holdings in Bentley Systems were worth $44,517,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of BSY. Swedbank AB raised its holdings in shares of Bentley Systems by 36.5% during the fourth quarter. Swedbank AB now owns 7,007,324 shares of the company’s stock worth $327,242,000 after acquiring an additional 1,873,029 shares during the period. Impax Asset Management Group plc acquired a new stake in shares of Bentley Systems in the 3rd quarter valued at about $88,771,000. TimesSquare Capital Management LLC raised its stake in shares of Bentley Systems by 3.5% in the 3rd quarter. TimesSquare Capital Management LLC now owns 1,161,146 shares of the company’s stock valued at $58,998,000 after purchasing an additional 39,205 shares during the period. Copeland Capital Management LLC lifted its holdings in shares of Bentley Systems by 60.9% in the third quarter. Copeland Capital Management LLC now owns 683,962 shares of the company’s stock valued at $34,752,000 after purchasing an additional 258,992 shares in the last quarter. Finally, Bridgewater Associates LP boosted its position in shares of Bentley Systems by 6.4% during the third quarter. Bridgewater Associates LP now owns 556,684 shares of the company’s stock worth $28,285,000 after buying an additional 33,344 shares during the period. 44.16% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, Director Keith A. Bentley sold 69,573 shares of the company’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $46.67, for a total value of $3,246,971.91. Following the transaction, 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 21.12% of the company’s stock.

Wall Street Analyst Weigh In

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

Bentley Systems Price Performance

NASDAQ:BSY opened at $46.08 on Thursday. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 1.37. The firm has a fifty day simple moving average of $47.03 and a 200 day simple moving average of $48.45. Bentley Systems, Incorporated has a 1-year low of $43.82 and a 1-year high of $57.19. The stock has a market capitalization of $13.40 billion, a PE 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 declared a quarterly dividend, which was paid on Thursday, December 12th. Investors 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 of this dividend was Tuesday, December 3rd. Bentley Systems’s payout ratio is currently 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.