WR Wealth Planners LLC Sells 724 Shares of Bentley Systems, Incorporated (NASDAQ:BSY)

WR Wealth Planners LLC decreased its position in Bentley Systems, Incorporated (NASDAQ:BSY) by 10.9% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 5,942 shares of the company’s stock after selling 724 shares during the period. WR Wealth Planners LLC’s holdings in Bentley Systems were worth $277,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Point72 Hong Kong Ltd bought a new position in shares of Bentley Systems in the third quarter worth approximately $30,000. Private Trust Co. NA grew its holdings in shares of 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 last quarter. Tobam bought a new position in shares of Bentley Systems in the fourth quarter worth approximately $55,000. Anchor Investment Management LLC bought a new position in shares of Bentley Systems in the third quarter worth approximately $110,000. Finally, Quest Partners LLC bought a new position in shares of Bentley Systems in the third quarter worth approximately $221,000. Institutional investors own 44.16% of the company’s stock.

Analyst Ratings Changes

BSY has been the topic of several recent analyst reports. Robert W. Baird cut their target price on shares of Bentley Systems from $60.00 to $59.00 and set an “outperform” rating on the stock in a report on Thursday. JPMorgan Chase & Co. started coverage on shares of Bentley Systems in a research report on Monday, December 9th. They set a “neutral” rating and a $52.00 price objective on the stock. Rosenblatt Securities reissued a “buy” rating and set a $62.00 price objective on shares of Bentley Systems in a research report on Tuesday. 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 report on Wednesday, January 8th. Finally, The Goldman Sachs Group downgraded shares of Bentley Systems from a “neutral” rating to a “sell” rating and reduced their price objective for the company from $51.00 to $42.00 in a research report on Friday. One investment analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, Bentley Systems presently has an average rating of “Moderate Buy” and an average price target of $56.14.

Insider Transactions at Bentley Systems

In other news, Director Keith A. Bentley sold 1,152 shares of the company’s stock in a transaction dated Friday, January 24th. The shares were sold at an average price of $46.33, for a total value of $53,372.16. Following the sale, the director now directly owns 16,703,876 shares of the company’s stock, valued at $773,890,575.08. This represents a 0.01 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 21.12% of the company’s stock.

Bentley Systems Stock Down 0.3 %

NASDAQ:BSY opened at $43.90 on Friday. The firm’s 50-day moving average price is $46.46 and its 200-day moving average price is $48.30. The company has a market capitalization of $12.80 billion, a PE ratio of 39.55, a P/E/G ratio of 3.52 and a beta of 1.03. 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 1-year low of $42.46 and a 1-year high of $57.19.

Bentley Systems Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Wednesday, March 19th will be given a $0.07 dividend. The ex-dividend date is Wednesday, March 19th. This is an increase from Bentley Systems’s previous quarterly dividend of $0.06. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.64%. Bentley Systems’s dividend payout ratio is currently 38.36%.

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.