Aviva PLC Takes Position in Bentley Systems, Incorporated (NASDAQ:BSY)

Aviva PLC acquired a new stake in Bentley Systems, Incorporated (NASDAQ:BSY) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 90,085 shares of the company’s stock, valued at approximately $4,207,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Private Trust Co. NA raised its holdings in Bentley Systems by 61.1% in the fourth quarter. Private Trust Co. NA now owns 997 shares of the company’s stock worth $47,000 after purchasing an additional 378 shares during the period. Tobam bought a new position in shares of Bentley Systems in the 4th quarter valued at about $55,000. Atala Financial Inc bought a new stake in shares of Bentley Systems during the 4th quarter worth about $55,000. Tortoise Investment Management LLC boosted its holdings in shares of Bentley Systems by 76.9% during the 4th quarter. Tortoise Investment Management LLC now owns 1,675 shares of the company’s stock worth $78,000 after buying an additional 728 shares during the period. Finally, CIBC Private Wealth Group LLC raised its stake in Bentley Systems by 42.0% in the 4th quarter. CIBC Private Wealth Group LLC now owns 1,673 shares of the company’s stock worth $78,000 after purchasing an additional 495 shares in the last quarter. 44.16% of the stock is owned by institutional investors.

Insider Transactions at Bentley Systems

In other news, Director Keith A. Bentley sold 1,152 shares of the business’s stock in a transaction that occurred on Friday, January 24th. The shares were sold at an average price of $46.33, for a total value of $53,372.16. Following the completion of the sale, the director now directly owns 16,703,876 shares in the company, valued at approximately $773,890,575.08. The trade was a 0.01 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 21.12% of the company’s stock.

Bentley Systems Price Performance

BSY stock opened at $42.15 on Thursday. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.52 and a quick ratio of 0.52. Bentley Systems, Incorporated has a one year low of $36.51 and a one year high of $57.19. The stock has a market cap of $12.29 billion, a PE ratio of 37.97, a P/E/G ratio of 3.52 and a beta of 1.06. The firm has a 50 day simple moving average of $43.22 and a two-hundred day simple moving average of $46.52.

Bentley Systems Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Wednesday, March 19th were issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.66%. This is a positive change from Bentley Systems’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend was Wednesday, March 19th. Bentley Systems’s payout ratio is presently 38.36%.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Oppenheimer cut shares of Bentley Systems from an “outperform” rating to a “market perform” rating in a research report on Thursday, February 27th. Piper Sandler reduced 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 note on Wednesday, January 8th. JPMorgan Chase & Co. cut their target price on shares of Bentley Systems from $52.00 to $45.00 and set a “neutral” rating on the stock in a research note on Wednesday. UBS Group initiated coverage on shares of Bentley Systems in a report on Monday, March 31st. They set a “neutral” rating and a $48.00 price objective on the stock. Finally, 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. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, Bentley Systems has a consensus rating of “Hold” and a consensus target price of $54.25.

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.