Copeland Capital Management LLC Sells 75,116 Shares of Bentley Systems, Incorporated $BSY

Copeland Capital Management LLC lessened its position in shares of Bentley Systems, Incorporated (NASDAQ:BSY) by 13.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 502,202 shares of the company’s stock after selling 75,116 shares during the period. Copeland Capital Management LLC owned about 0.17% of Bentley Systems worth $19,167,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. National Pension Service bought a new position in Bentley Systems during the 3rd quarter worth about $28,000. Baillie Gifford & Co. bought a new position in Bentley Systems during the 3rd quarter worth about $28,000. Geneos Wealth Management Inc. increased its holdings in Bentley Systems by 1,529.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 668 shares of the company’s stock worth $26,000 after purchasing an additional 627 shares in the last quarter. Caitong International Asset Management Co. Ltd acquired a new position in shares of Bentley Systems during the 3rd quarter worth about $37,000. Finally, Physician Wealth Advisors Inc. acquired a new position in shares of Bentley Systems during the 3rd quarter worth about $39,000. Institutional investors own 44.16% of the company’s stock.

Wall Street Analyst Weigh In

BSY has been the subject of a number of recent research reports. Robert W. Baird set a $55.00 price objective on shares of Bentley Systems in a research note on Wednesday, January 7th. Oppenheimer reduced 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 note on Friday, February 27th. Mizuho reduced 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 note on Friday, February 27th. BMO Capital Markets restated an “outperform” rating on shares of Bentley Systems in a research note on Monday, March 2nd. Finally, Piper Sandler reduced their price objective on shares of Bentley Systems from $45.00 to $42.00 and set a “neutral” rating for the company in a research note on Monday, March 2nd. Seven investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, Bentley Systems presently has an average rating of “Hold” and an average price target of $48.50.

Bentley Systems Trading Down 7.3%

Shares of NASDAQ:BSY opened at $32.65 on Friday. Bentley Systems, Incorporated has a 52-week low of $30.83 and a 52-week high of $59.25. The company has a market capitalization of $9.52 billion, a P/E ratio of 37.97, a price-to-earnings-growth ratio of 2.36 and a beta of 1.16. The company has a 50-day simple moving average of $35.69 and a 200 day simple moving average of $40.05. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.56 and a current ratio of 0.56.

Bentley Systems (NASDAQ:BSY) last issued its earnings results on Thursday, February 26th. The company reported $0.27 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.27. Bentley Systems had a net margin of 18.50% and a return on equity of 28.82%. The business had revenue of $391.58 million during the quarter, compared to the consensus estimate of $381.79 million. During the same period last year, the business posted $0.21 EPS. Bentley Systems’s revenue was up 11.9% on a year-over-year basis. Sell-side analysts forecast that Bentley Systems, Incorporated will post 1.23 earnings per share for the current year.

Bentley Systems Dividend Announcement

The company also recently announced 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 annualized dividend and a yield of 0.9%. The ex-dividend date 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.