Copeland Capital Management LLC Has $19.17 Million Stock Position in Bentley Systems, Incorporated $BSY

Copeland Capital Management LLC reduced its position in Bentley Systems, Incorporated (NASDAQ:BSY) by 13.0% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 502,202 shares of the company’s stock after selling 75,116 shares during the period. Copeland Capital Management LLC’s holdings in Bentley Systems were worth $19,167,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of BSY. Geneos Wealth Management Inc. lifted its stake in Bentley Systems by 1,529.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 668 shares of the company’s stock valued at $26,000 after purchasing an additional 627 shares during the last quarter. Baillie Gifford & Co. acquired a new stake in Bentley Systems during the third quarter worth approximately $28,000. National Pension Service acquired a new stake in Bentley Systems during the third quarter worth approximately $28,000. Pekao Towarzystwo Funduszy Inwestycyjnych S.A. acquired a new stake in Bentley Systems during the fourth quarter worth approximately $34,000. Finally, Caitong International Asset Management Co. Ltd acquired a new stake in Bentley Systems during the third quarter worth approximately $37,000. 44.16% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have issued reports on BSY. BMO Capital Markets restated an “outperform” rating on shares of Bentley Systems in a research report on Monday, March 2nd. Oppenheimer cut their price objective on shares of Bentley Systems from $53.00 to $43.00 and set an “outperform” rating for the company in a research report on Friday, February 27th. Rosenblatt Securities cut their price objective on shares of Bentley Systems from $58.00 to $50.00 and set a “buy” rating for the company in a research report on Tuesday, February 24th. Weiss Ratings downgraded shares of Bentley Systems from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, April 15th. Finally, Mizuho cut their price objective on shares of Bentley Systems from $62.00 to $50.00 and set an “outperform” rating for the company in a research report on Friday, February 27th. Seven equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $48.50.

Bentley Systems Stock Performance

Shares of NASDAQ:BSY opened at $32.65 on Friday. The company’s 50 day simple moving average is $35.69 and its 200 day simple moving average is $40.05. The stock has a market capitalization of $9.52 billion, a price-to-earnings ratio of 37.97, a price-to-earnings-growth ratio of 2.36 and a beta of 1.16. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.56 and a quick ratio of 0.56. Bentley Systems, Incorporated has a 1 year low of $30.83 and a 1 year high of $59.25.

Bentley Systems (NASDAQ:BSY) last announced its quarterly earnings data on Thursday, February 26th. The company reported $0.27 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.27. The business had revenue of $391.58 million for the quarter, compared to analysts’ expectations of $381.79 million. Bentley Systems had a net margin of 18.50% and a return on equity of 28.82%. The firm’s quarterly revenue was up 11.9% compared to the same quarter last year. During the same period last year, the firm posted $0.21 earnings per share. As a group, research analysts predict that Bentley Systems, Incorporated will post 1.23 EPS for the current fiscal year.

Bentley Systems Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 19th. Investors of record on Tuesday, March 10th were paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend was Tuesday, March 10th. Bentley Systems’s dividend payout ratio (DPR) is 32.56%.

About Bentley Systems

Bentley Systems, Inc is a global software provider specializing in infrastructure engineering applications for the design, construction, and operations of roads, bridges, rail and transit systems, water and wastewater networks, power plants and grids, industrial facilities, and communications infrastructure. Founded in 1984 by brothers Keith and Barry Bentley, the company is headquartered in Exton, Pennsylvania, and maintains offices and development centers across North America, Europe, Asia, and Australia.