Atala Financial Inc Acquires New Holdings in Bentley Systems, Incorporated (NASDAQ:BSY)

Atala Financial Inc bought a new position in shares of Bentley Systems, Incorporated (NASDAQ:BSY) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,184 shares of the company’s stock, valued at approximately $55,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Point72 Hong Kong Ltd acquired a new stake in shares of Bentley Systems during the third quarter valued at $30,000. Private Trust Co. NA lifted its holdings in Bentley Systems by 61.1% in the 4th quarter. Private Trust Co. NA now owns 997 shares of the company’s stock valued at $47,000 after purchasing an additional 378 shares in the last quarter. Tobam acquired a new stake in shares of Bentley Systems during the 4th quarter worth about $55,000. Tortoise Investment Management LLC grew its holdings in shares of Bentley Systems by 76.9% during the fourth quarter. Tortoise Investment Management LLC now owns 1,675 shares of the company’s stock worth $78,000 after buying an additional 728 shares in the last quarter. Finally, Anchor Investment Management LLC acquired a new position in shares of Bentley Systems in the third quarter valued at approximately $110,000. Hedge funds and other institutional investors own 44.16% of the company’s stock.

Bentley Systems Stock Performance

Bentley Systems stock opened at $41.44 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. Bentley Systems, Incorporated has a 12 month low of $39.98 and a 12 month high of $57.19. The company has a market cap of $12.08 billion, a price-to-earnings ratio of 37.33, a price-to-earnings-growth ratio of 3.52 and a beta of 1.04. The stock’s 50-day moving average is $45.37 and its 200-day moving average is $47.74.

Bentley Systems Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Wednesday, March 19th will be given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 0.68%. This is a boost from Bentley Systems’s previous quarterly dividend of $0.06. The ex-dividend date is Wednesday, March 19th. Bentley Systems’s payout ratio is 38.36%.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Rosenblatt Securities reaffirmed a “buy” rating and issued a $62.00 target price on shares of Bentley Systems in a research note on Tuesday, February 25th. JPMorgan Chase & Co. initiated coverage on Bentley Systems in a research report on Monday, December 9th. They issued a “neutral” rating and a $52.00 price objective for the company. The Goldman Sachs Group downgraded Bentley Systems from a “neutral” rating to a “sell” rating and reduced their target price for the stock from $51.00 to $42.00 in a research report on Friday, February 28th. 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. Finally, Oppenheimer lowered shares of Bentley Systems from an “outperform” rating to a “market perform” rating in a report on Thursday, February 27th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, Bentley Systems currently has an average rating of “Moderate Buy” and an average price target of $56.14.

Insiders Place Their Bets

In other news, Director Keith A. Bentley sold 69,573 shares of Bentley Systems stock in a transaction that occurred on Thursday, January 2nd. The shares were 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 $779,623,656.76. This trade represents a 0.41 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 21.12% of the stock is owned by insiders.

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.