Copeland Capital Management LLC Sells 23,475 Shares of Bentley Systems, Incorporated (NASDAQ:BSY)

Copeland Capital Management LLC lowered its holdings in shares of Bentley Systems, Incorporated (NASDAQ:BSY) by 3.4% during the 4th quarter, HoldingsChannel reports. The fund owned 660,487 shares of the company’s stock after selling 23,475 shares during the period. Copeland Capital Management LLC’s holdings in Bentley Systems were worth $30,845,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the business. Cetera Investment Advisers lifted its stake in shares of Bentley Systems by 1.1% in the second quarter. Cetera Investment Advisers now owns 31,449 shares of the company’s stock worth $1,552,000 after buying an additional 352 shares in the last quarter. Sanctuary Advisors LLC bought a new position in shares of Bentley Systems in the second quarter worth approximately $3,976,000. Central Pacific Bank Trust Division lifted its stake in shares of Bentley Systems by 57.1% in the third quarter. Central Pacific Bank Trust Division now owns 759 shares of the company’s stock worth $39,000 after buying an additional 276 shares in the last quarter. SG Americas Securities LLC lifted its stake in shares of Bentley Systems by 933.6% in the third quarter. SG Americas Securities LLC now owns 28,279 shares of the company’s stock worth $1,437,000 after buying an additional 25,543 shares in the last quarter. Finally, Handelsbanken Fonder AB lifted its stake in shares of Bentley Systems by 41.8% in the third quarter. Handelsbanken Fonder AB now owns 1,323,000 shares of the company’s stock worth $67,222,000 after buying an additional 390,000 shares in the last quarter. Institutional investors own 44.16% of the company’s stock.

Bentley Systems Stock Up 1.4 %

Shares of BSY stock opened at $46.55 on Friday. Bentley Systems, Incorporated has a 12 month low of $43.82 and a 12 month high of $57.19. The stock has a market cap of $13.53 billion, a P/E ratio of 41.94, a P/E/G ratio of 3.41 and a beta of 1.04. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 1.37. The company has a 50 day simple moving average of $47.46 and a two-hundred day simple moving average of $48.57.

Bentley Systems (NASDAQ:BSY) last announced its earnings results on Thursday, November 7th. The company reported $0.24 EPS for the quarter, meeting analysts’ consensus estimates of $0.24. Bentley Systems had a net margin of 27.73% and a return on equity of 29.50%. The business had revenue of $335.17 million during the quarter, compared to analysts’ expectations of $340.36 million. During the same period in the prior year, the company earned $0.18 earnings per share. The firm’s revenue was up 9.3% on a year-over-year basis. On average, research analysts expect that Bentley Systems, Incorporated will post 0.88 earnings per share for the current year.

Bentley Systems Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Tuesday, December 3rd were paid a $0.06 dividend. The ex-dividend date of this dividend was Tuesday, December 3rd. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.52%. Bentley Systems’s dividend payout ratio (DPR) is presently 21.62%.

Wall Street Analyst Weigh In

BSY has been the topic of several analyst reports. Piper Sandler dropped their target price on shares of Bentley Systems from $65.00 to $57.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 8th. Rosenblatt Securities reissued a “buy” rating and set a $62.00 price objective on shares of Bentley Systems in a report on Friday, November 8th. Finally, JPMorgan Chase & Co. began coverage on shares of Bentley Systems in a report on Monday, December 9th. They set a “neutral” rating and a $52.00 price objective for the company. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $57.29.

Insider Transactions at Bentley Systems

In other news, Director Keith A. Bentley sold 1,152 shares of the stock in a transaction on Friday, January 24th. The shares were sold at an average price of $46.33, for a total value of $53,372.16. Following the completion of 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 21.12% of the company’s stock.

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.