Cooper Investors PTY Ltd. Trims Stock Position in Bentley Systems, Incorporated $BSY

Key Points

• Cooper Investors trimmed its stake by 88.6%, selling 285,990 shares and leaving 36,918 shares in Bentley Systems worth $1,409,000 at the end of the quarter.
• Analysts have cut several price targets recently and the consensus rating is "Hold" with an average price target of $48.50 (seven Buys, five Holds, one Sell).
• BSY opened at $34.76, trades well below its 52-week high of $59.25 (52-week low $30.97), has a market cap of $10.13B and a PE of 40.42, and recently paid a $0.07 quarterly dividend (0.8% yield).

Cooper Investors PTY Ltd. trimmed its stake in Bentley Systems, Incorporated (NASDAQ:BSY - Free Report) by 88.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 36,918 shares of the company's stock after selling 285,990 shares during the period. Cooper Investors PTY Ltd.'s holdings in Bentley Systems were worth $1,409,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of BSY. Thrive Wealth Management LLC boosted its stake in Bentley Systems by 2.5% in the third quarter. Thrive Wealth Management LLC now owns 8,301 shares of the company's stock valued at $427,000 after acquiring an additional 200 shares in the last quarter. Genesis Private Wealth LLC increased its position in shares of Bentley Systems by 5.4% during the third quarter. Genesis Private Wealth LLC now owns 3,967 shares of the company's stock worth $204,000 after purchasing an additional 204 shares in the last quarter. Shell Asset Management Co. lifted its holdings in shares of Bentley Systems by 4.8% in the 3rd quarter. Shell Asset Management Co. now owns 5,421 shares of the company's stock valued at $279,000 after purchasing an additional 246 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Bentley Systems by 2.3% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 11,203 shares of the company's stock valued at $589,000 after purchasing an additional 247 shares during the last quarter. Finally, BLB&B Advisors LLC boosted its position in shares of Bentley Systems by 0.5% in the 3rd quarter. BLB&B Advisors LLC now owns 52,361 shares of the company's stock valued at $2,696,000 after purchasing an additional 261 shares during the period. 44.16% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

BSY has been the topic of a number of research reports. Mizuho dropped their price target on Bentley Systems from $62.00 to $50.00 and set an "outperform" rating on the stock in a research note on Friday, February 27th. Royal Bank Of Canada reduced their price objective on Bentley Systems from $65.00 to $48.00 and set an "outperform" rating for the company in a research note on Monday, January 5th. Piper Sandler lowered their target price on shares of Bentley Systems from $45.00 to $42.00 and set a "neutral" rating on the stock in a research report on Monday, March 2nd. Barclays lifted their target price on shares of Bentley Systems from $47.00 to $49.00 and gave the company an "equal weight" rating in a report on Friday, March 6th. Finally, Robert W. Baird set a $55.00 price target on shares of Bentley Systems in a research report on Wednesday, January 7th. Seven research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $48.50.

Bentley Systems Stock Performance

Shares of BSY stock opened at $34.76 on Monday. The stock's 50-day moving average price is $36.24 and its 200 day moving average price is $42.36. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 1.05. The stock has a market capitalization of $10.13 billion, a PE ratio of 40.42, a price-to-earnings-growth ratio of 2.37 and a beta of 1.18. Bentley Systems, Incorporated has a 52-week low of $30.97 and a 52-week high of $59.25.

Bentley Systems (NASDAQ:BSY - Get Free Report) last posted its quarterly earnings data on Thursday, February 26th. The company reported $0.27 earnings per share for the quarter, hitting analysts' consensus estimates of $0.27. Bentley Systems had a return on equity of 28.82% and a net margin of 18.50%.The company had revenue of $391.58 million during the quarter, compared to analysts' expectations of $381.79 million. During the same period last year, the firm earned $0.21 EPS. The firm's revenue for the quarter was up 11.9% on a year-over-year basis. As a group, equities research analysts forecast that Bentley Systems, Incorporated will post 0.88 EPS for the current year.

Bentley Systems Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 19th. Investors of record on Tuesday, March 10th were issued a dividend of $0.07 per share. The ex-dividend date of this dividend was Tuesday, March 10th. This represents a $0.28 annualized dividend and a dividend yield of 0.8%. Bentley Systems's dividend payout ratio (DPR) is currently 32.56%.

Bentley Systems Company Profile

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.

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