Bentley Systems, Incorporated (NASDAQ:BSY) Shares Acquired by Amalgamated Bank

Amalgamated Bank increased its position in Bentley Systems, Incorporated (NASDAQ:BSYFree Report) by 22.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 50,161 shares of the company’s stock after buying an additional 9,224 shares during the quarter. Amalgamated Bank’s holdings in Bentley Systems were worth $2,516,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of BSY. DnB Asset Management AS lifted its holdings in shares of Bentley Systems by 0.7% during the third quarter. DnB Asset Management AS now owns 30,086 shares of the company’s stock valued at $1,509,000 after purchasing an additional 197 shares during the last quarter. Oppenheimer & Co. Inc. lifted its holdings in shares of Bentley Systems by 4.1% during the second quarter. Oppenheimer & Co. Inc. now owns 5,270 shares of the company’s stock valued at $286,000 after purchasing an additional 209 shares during the last quarter. M&T Bank Corp lifted its holdings in shares of Bentley Systems by 0.4% during the third quarter. M&T Bank Corp now owns 57,456 shares of the company’s stock valued at $2,882,000 after purchasing an additional 218 shares during the last quarter. Wealthfront Advisers LLC lifted its holdings in shares of Bentley Systems by 1.9% during the third quarter. Wealthfront Advisers LLC now owns 12,108 shares of the company’s stock valued at $607,000 after purchasing an additional 228 shares during the last quarter. Finally, Belpointe Asset Management LLC lifted its holdings in shares of Bentley Systems by 43.6% during the first quarter. Belpointe Asset Management LLC now owns 757 shares of the company’s stock valued at $33,000 after purchasing an additional 230 shares during the last quarter. Institutional investors and hedge funds own 44.16% of the company’s stock.

Bentley Systems Stock Performance

Shares of BSY stock opened at $52.83 on Monday. The company has a debt-to-equity ratio of 2.28, a current ratio of 0.55 and a quick ratio of 0.55. Bentley Systems, Incorporated has a fifty-two week low of $37.21 and a fifty-two week high of $55.37. The stock’s 50-day moving average is $50.56 and its two-hundred day moving average is $50.35. The firm has a market cap of $15.02 billion, a P/E ratio of 99.68, a PEG ratio of 5.63 and a beta of 1.12.

Bentley Systems Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 14th. Shareholders of record on Monday, December 4th were given a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.38%. The ex-dividend date of this dividend was Friday, December 1st. Bentley Systems’s payout ratio is currently 37.74%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on BSY. KeyCorp upped their target price on Bentley Systems from $61.00 to $62.00 and gave the company an “overweight” rating in a report on Wednesday, November 8th. TheStreet raised Bentley Systems from a “c” rating to a “b-” rating in a report on Tuesday, November 7th. Royal Bank of Canada upped their target price on Bentley Systems from $59.00 to $61.00 and gave the company an “outperform” rating in a report on Wednesday, November 8th. Robert W. Baird increased their price objective on Bentley Systems from $58.00 to $59.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 6th. Finally, Piper Sandler reissued an “overweight” rating and issued a $60.00 price objective on shares of Bentley Systems in a research note on Wednesday, November 8th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, Bentley Systems presently has a consensus rating of “Moderate Buy” and a consensus price target of $57.00.

Get Our Latest Stock Analysis on Bentley Systems

Bentley Systems Profile

(Free Report)

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 and open simulation applications for infrastructure design integration, which include MicroStation, OpenRoads, OpenRail, OpenPlant, OpenBuildings, OpenBridge, OpenSite, OpenFlows, STAAD and RAM, SACS, MOSES, AutoPIPE, SITEOPS, CUBE, DYNAMEQ, EMME, and LEGION; and geoprofessional applications for modeling and simulation of near and deep subsurface conditions, including Leapfrog, AGS Workbench, GeoStudio, Imago, MX Deposit, Oasis montaj, PLAXIS, and OpenGround.

See Also

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Institutional Ownership by Quarter for Bentley Systems (NASDAQ:BSY)

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