Dimensional Fund Advisors LP Has $40.71 Million Position in Bentley Systems, Incorporated (NASDAQ:BSY)

Dimensional Fund Advisors LP lifted its position in shares of Bentley Systems, Incorporated (NASDAQ:BSY) by 11.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 871,594 shares of the company’s stock after acquiring an additional 90,860 shares during the quarter. Dimensional Fund Advisors LP owned approximately 0.30% of Bentley Systems worth $40,711,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. lifted its holdings in Bentley Systems by 1.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,052,704 shares of the company’s stock valued at $49,161,000 after buying an additional 15,372 shares during the period. Proficio Capital Partners LLC acquired a new stake in shares of Bentley Systems during the fourth quarter worth $809,000. Principal Financial Group Inc. increased its holdings in Bentley Systems by 20.5% in the third quarter. Principal Financial Group Inc. now owns 204,612 shares of the company’s stock valued at $10,396,000 after purchasing an additional 34,871 shares during the last quarter. Bar Harbor Wealth Management acquired a new position in shares of Bentley Systems during the 4th quarter worth about $8,413,000. Finally, Bank of New York Mellon Corp increased its stake in shares of Bentley Systems by 10.2% in the 4th quarter. Bank of New York Mellon Corp now owns 1,053,762 shares of the company’s stock valued at $49,211,000 after acquiring an additional 97,950 shares during the last quarter. Institutional investors own 44.16% of the company’s stock.

Bentley Systems Stock Performance

Shares of BSY stock opened at $43.66 on Friday. The firm has a market cap of $13.23 billion, a PE ratio of 39.33, a P/E/G ratio of 3.52 and a beta of 1.06. Bentley Systems, Incorporated has a 12 month low of $36.51 and a 12 month high of $57.19. The company’s fifty day simple moving average is $42.01 and its 200-day simple moving average is $45.71. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 1.37.

Bentley Systems Increases Dividend

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

Analyst Ratings Changes

A number of research analysts recently issued reports on BSY shares. UBS Group assumed coverage on shares of Bentley Systems in a report on Monday, March 31st. They set a “neutral” rating and a $48.00 price objective for the company. Piper Sandler lowered their price objective on shares of Bentley Systems from $65.00 to $57.00 and set an “overweight” rating for the company in a research report on Wednesday, January 8th. Oppenheimer upgraded Bentley Systems from a “market perform” rating to an “outperform” rating and set a $49.00 target price on the stock in a report on Thursday, April 10th. KeyCorp cut their price objective on Bentley Systems from $63.00 to $54.00 and set an “overweight” rating on the stock in a report on Wednesday, April 16th. Finally, Robert W. Baird decreased their price objective on Bentley Systems from $60.00 to $59.00 and set an “outperform” rating for the company in a research report on Thursday, February 27th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, Bentley Systems presently has an average rating of “Moderate Buy” and a consensus target price of $52.70.

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.