Mirabella Financial Services LLP Sells 64,500 Shares of Bentley Systems, Incorporated (NASDAQ:BSY)

Mirabella Financial Services LLP decreased its position in shares of Bentley Systems, Incorporated (NASDAQ:BSY - Free Report) by 64.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 36,300 shares of the company's stock after selling 64,500 shares during the period. Mirabella Financial Services LLP's holdings in Bentley Systems were worth $1,695,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Mirova grew its holdings in Bentley Systems by 15.7% during the 4th quarter. Mirova now owns 168,456 shares of the company's stock worth $7,867,000 after acquiring an additional 22,872 shares during the last quarter. Natixis bought a new stake in shares of Bentley Systems during the fourth quarter valued at approximately $8,031,000. BI Asset Management Fondsmaeglerselskab A S increased its holdings in shares of Bentley Systems by 4.3% in the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 15,648 shares of the company's stock valued at $731,000 after purchasing an additional 650 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Bentley Systems by 11.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 871,594 shares of the company's stock worth $40,711,000 after purchasing an additional 90,860 shares during the last quarter. Finally, Ecofi Investissements SA lifted its holdings in Bentley Systems by 24.4% during the 4th quarter. Ecofi Investissements SA now owns 127,500 shares of the company's stock worth $5,517,000 after buying an additional 25,000 shares in the last quarter. Institutional investors own 44.16% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on BSY shares. Piper Sandler dropped their target price on Bentley Systems from $65.00 to $57.00 and set an "overweight" rating for the company in a research report on Wednesday, January 8th. Robert W. Baird dropped their price objective on Bentley Systems from $60.00 to $59.00 and set an "outperform" rating for the company in a report on Thursday, February 27th. KeyCorp lowered their price target on shares of Bentley Systems from $63.00 to $54.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. UBS Group assumed coverage on shares of Bentley Systems in a report on Monday, March 31st. They issued a "neutral" rating and a $48.00 price objective on the stock. Finally, Rosenblatt Securities reaffirmed a "buy" rating and set 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, two have given a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $52.70.

Bentley Systems Stock Down 1.0 %

Shares of BSY traded down $0.46 on Friday, hitting $43.44. The company's stock had a trading volume of 826,423 shares, compared to its average volume of 1,203,043. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 1.37. The firm has a market capitalization of $12.65 billion, a price-to-earnings ratio of 39.14, a P/E/G ratio of 3.52 and a beta of 1.06. The firm's fifty day moving average price is $42.33 and its 200-day moving average price is $45.98. Bentley Systems, Incorporated has a fifty-two week low of $36.51 and a fifty-two week high of $57.19.

Bentley Systems Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Wednesday, March 19th were given a dividend of $0.07 per share. This is an increase from Bentley Systems's previous quarterly dividend of $0.06. The ex-dividend date of this dividend was Wednesday, March 19th. This represents a $0.28 annualized dividend and a dividend yield of 0.64%. Bentley Systems's dividend payout ratio is currently 38.36%.

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.