Bentley Systems, Incorporated $BSY Holdings Increased by Cooper Investors PTY Ltd.

Key Points

• Cooper Investors PTY Ltd. significantly increased its stake in Bentley Systems by 203.4%, owning 367,537 shares valued at approximately $19.8 million as of the last reporting period.
• Insider transactions indicate a 3.74% decrease in Director Keith A. Bentley's ownership after selling 150,000 shares for $8.33 million, while other insiders have also reduced their positions.
• Bentley Systems reported $0.32 EPS for the last quarter, exceeding estimates, with revenue growth of 10.2% year-over-year and an upcoming quarterly dividend of $0.07 per share.

Cooper Investors PTY Ltd. grew its holdings in shares of Bentley Systems, Incorporated (NASDAQ:BSY - Free Report) by 203.4% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 367,537 shares of the company's stock after acquiring an additional 246,408 shares during the period. Bentley Systems comprises 3.6% of Cooper Investors PTY Ltd.'s holdings, making the stock its 9th largest holding. Cooper Investors PTY Ltd. owned about 0.13% of Bentley Systems worth $19,836,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. City Holding Co. acquired a new stake in shares of Bentley Systems during the first quarter worth $26,000. Geneos Wealth Management Inc. grew its holdings in Bentley Systems by 1,529.3% in the first quarter. Geneos Wealth Management Inc. now owns 668 shares of the company's stock worth $26,000 after purchasing an additional 627 shares during the period. Twin Tree Management LP grew its holdings in Bentley Systems by 361.9% in the first quarter. Twin Tree Management LP now owns 739 shares of the company's stock worth $29,000 after purchasing an additional 579 shares during the period. Larson Financial Group LLC grew its holdings in Bentley Systems by 1,707.1% in the first quarter. Larson Financial Group LLC now owns 759 shares of the company's stock worth $30,000 after purchasing an additional 717 shares during the period. Finally, Fifth Third Bancorp grew its holdings in Bentley Systems by 106.6% in the first quarter. Fifth Third Bancorp now owns 843 shares of the company's stock worth $33,000 after purchasing an additional 435 shares during the period. Institutional investors own 44.16% of the company's stock.

Analysts Set New Price Targets

BSY has been the subject of a number of research reports. Robert W. Baird set a $64.00 price target on shares of Bentley Systems and gave the stock an "outperform" rating in a report on Wednesday, July 30th. Wall Street Zen lowered shares of Bentley Systems from a "buy" rating to a "hold" rating in a research report on Wednesday, July 16th. Oppenheimer raised their price target on shares of Bentley Systems from $59.00 to $65.00 and gave the company an "outperform" rating in a research report on Thursday, August 7th. Rosenblatt Securities lowered shares of Bentley Systems from a "buy" rating to a "neutral" rating and raised their price target for the company from $53.00 to $58.00 in a research report on Thursday, August 7th. Finally, UBS Group raised their price target on shares of Bentley Systems from $53.00 to $60.00 and gave the company a "neutral" rating in a research report on Thursday, August 7th. Six analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $56.60.

Bentley Systems Price Performance

NASDAQ:BSY traded up $0.78 during mid-day trading on Monday, hitting $53.60. 1,445,477 shares of the stock traded hands, compared to its average volume of 1,542,223. The business's 50-day moving average price is $55.04 and its 200 day moving average price is $49.30. The company has a market cap of $15.66 billion, a PE ratio of 67.85, a price-to-earnings-growth ratio of 4.26 and a beta of 1.09. Bentley Systems, Incorporated has a 12-month low of $36.51 and a 12-month high of $59.25. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 1.07.

Bentley Systems (NASDAQ:BSY - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $0.32 EPS for the quarter, beating the consensus estimate of $0.29 by $0.03. The company had revenue of $364.11 million during the quarter, compared to analysts' expectations of $363.51 million. Bentley Systems had a net margin of 17.91% and a return on equity of 28.41%. Bentley Systems's revenue for the quarter was up 10.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.31 earnings per share. On average, analysts expect that Bentley Systems, Incorporated will post 0.88 EPS for the current fiscal year.

Bentley Systems Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 23rd will be paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend is Tuesday, September 23rd. Bentley Systems's payout ratio is currently 35.44%.

Insider Buying and Selling

In other news, Director Keith A. Bentley sold 150,000 shares of the business's stock in a transaction that occurred on Monday, July 7th. The shares were sold at an average price of $55.54, for a total value of $8,331,000.00. Following the completion of the sale, the director directly owned 3,859,327 shares in the company, valued at approximately $214,347,021.58. The trade was a 3.74% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider David R. Shaman sold 19,348 shares of the company's stock in a transaction on Monday, July 14th. The shares were sold at an average price of $56.96, for a total transaction of $1,102,062.08. Following the sale, the insider owned 647,609 shares of the company's stock, valued at $36,887,808.64. This represents a 2.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 189,869 shares of company stock valued at $10,564,887. Company insiders own 20.56% of the company's stock.

Bentley Systems Company 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.