Bryce Point Capital LLC Invests $1.73 Million in Bentley Systems, Incorporated (NASDAQ:BSY)

Bryce Point Capital LLC purchased a new stake in shares of Bentley Systems, Incorporated (NASDAQ:BSY) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 37,101 shares of the company’s stock, valued at approximately $1,733,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Captrust Financial Advisors increased its position in Bentley Systems by 4.4% during the 3rd quarter. Captrust Financial Advisors now owns 22,980 shares of the company’s stock valued at $1,168,000 after purchasing an additional 971 shares during the period. Point72 Hong Kong Ltd bought a new position in shares of Bentley Systems during the third quarter valued at approximately $30,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in Bentley Systems during the third quarter valued at approximately $369,000. Holocene Advisors LP raised its stake in Bentley Systems by 356.1% in the third quarter. Holocene Advisors LP now owns 126,766 shares of the company’s stock worth $6,441,000 after buying an additional 98,971 shares in the last quarter. Finally, Investment Management Corp of Ontario bought a new position in Bentley Systems in the third quarter worth approximately $268,000. 44.16% of the stock is currently owned by institutional investors.

Bentley Systems Price Performance

Shares of BSY stock opened at $40.49 on Wednesday. The firm has a market capitalization of $11.81 billion, a price-to-earnings ratio of 36.48, a PEG ratio of 3.52 and a beta of 1.04. 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 stock’s 50-day simple moving average is $44.23 and its 200-day simple moving average is $47.03. Bentley Systems, Incorporated has a fifty-two week low of $38.66 and a fifty-two week high of $57.19.

Bentley Systems Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Wednesday, March 19th were given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 0.69%. The ex-dividend date of this dividend was Wednesday, March 19th. This is an increase from Bentley Systems’s previous quarterly dividend of $0.06. Bentley Systems’s payout ratio is currently 38.36%.

Insider Buying and Selling at Bentley Systems

In other Bentley Systems news, Director Keith A. Bentley sold 69,573 shares of the business’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $46.67, for a total transaction of $3,246,971.91. Following the sale, the director now owns 16,705,028 shares in the company, valued at approximately $779,623,656.76. The trade was a 0.41 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 21.12% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts have issued reports on BSY shares. UBS Group began coverage on Bentley Systems in a research report on Monday. They set a “neutral” rating and a $48.00 target price on the stock. Oppenheimer downgraded Bentley Systems from an “outperform” rating to a “market perform” rating in a research report on Thursday, February 27th. Rosenblatt Securities reiterated a “buy” rating and issued a $62.00 target price on shares of Bentley Systems in a report on Tuesday, February 25th. The Goldman Sachs Group lowered shares of Bentley Systems from a “neutral” rating to a “sell” rating and decreased their price target for the company from $51.00 to $42.00 in a research report on Friday, February 28th. Finally, Piper Sandler cut their price objective on shares of Bentley Systems from $65.00 to $57.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Bentley Systems has an average rating of “Hold” and an average price target of $55.13.

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.