Geneva Capital Management LLC Has $5.95 Million Position in Bentley Systems, Incorporated (NASDAQ:BSY)

Geneva Capital Management LLC lessened its position in shares of Bentley Systems, Incorporated (NASDAQ:BSY) by 4.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 127,493 shares of the company’s stock after selling 5,742 shares during the quarter. Geneva Capital Management LLC’s holdings in Bentley Systems were worth $5,954,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. CIBC Asset Management Inc lifted its stake in shares of Bentley Systems by 4.3% during the third quarter. CIBC Asset Management Inc now owns 9,203 shares of the company’s stock valued at $468,000 after acquiring an additional 378 shares during the period. Private Trust Co. NA lifted its stake in shares of Bentley Systems by 61.1% during the fourth 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 period. Venturi Wealth Management LLC lifted its stake in Bentley Systems by 4.3% in the fourth quarter. Venturi Wealth Management LLC now owns 9,123 shares of the company’s stock valued at $426,000 after buying an additional 380 shares during the period. Park Avenue Securities LLC lifted its stake in Bentley Systems by 5.4% in the fourth quarter. Park Avenue Securities LLC now owns 9,138 shares of the company’s stock valued at $427,000 after buying an additional 467 shares during the period. Finally, Norden Group LLC lifted its stake in Bentley Systems by 8.3% in the fourth quarter. Norden Group LLC now owns 6,250 shares of the company’s stock valued at $292,000 after buying an additional 479 shares during the period. Institutional investors and hedge funds own 44.16% of the company’s stock.

Insider Buying and Selling

In related news, Director Keith A. Bentley sold 1,152 shares of the stock in a transaction dated 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 transaction, the director now directly owns 16,703,876 shares in the company, valued at approximately $773,890,575.08. This trade represents a 0.01 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 21.12% of the stock is owned by corporate insiders.

Bentley Systems Stock Down 0.9 %

Shares of Bentley Systems stock opened at $43.01 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. The company has a market capitalization of $12.54 billion, a P/E ratio of 38.75, a price-to-earnings-growth ratio of 3.52 and a beta of 1.04. Bentley Systems, Incorporated has a 1 year low of $41.84 and a 1 year high of $57.19. The business has a 50-day moving average of $46.06 and a two-hundred day moving average of $48.11.

Bentley Systems Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Wednesday, March 19th will be issued a dividend of $0.07 per share. The ex-dividend date of this dividend is Wednesday, March 19th. This is an increase 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 0.65%. Bentley Systems’s dividend payout ratio (DPR) is presently 38.36%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on BSY shares. Rosenblatt Securities reissued a “buy” rating and issued a $62.00 target price on shares of Bentley Systems in a research note on Tuesday, February 25th. The Goldman Sachs Group lowered Bentley Systems from a “neutral” rating to a “sell” rating and cut their target price for the company from $51.00 to $42.00 in a research note on Friday, February 28th. Piper Sandler cut their target price on Bentley Systems from $65.00 to $57.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 8th. JPMorgan Chase & Co. started coverage on Bentley Systems in a research note on Monday, December 9th. They issued a “neutral” rating and a $52.00 target price on the stock. Finally, Robert W. Baird lowered their price target on Bentley Systems from $60.00 to $59.00 and set an “outperform” rating for the company in a report on Thursday, February 27th. One analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, Bentley Systems presently has an average rating of “Moderate Buy” and a consensus price target of $56.14.

Bentley Systems Company 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.