Copeland Capital Management LLC Sells 25,199 Shares of Bentley Systems, Incorporated (NASDAQ:BSY)

Copeland Capital Management LLC lessened its holdings in Bentley Systems, Incorporated (NASDAQ:BSY - Free Report) by 3.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 635,288 shares of the company's stock after selling 25,199 shares during the quarter. Copeland Capital Management LLC owned approximately 0.22% of Bentley Systems worth $24,992,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in BSY. Pictet Asset Management Holding SA raised its holdings in Bentley Systems by 0.4% during the 4th quarter. Pictet Asset Management Holding SA now owns 5,614,750 shares of the company's stock worth $262,209,000 after purchasing an additional 24,019 shares during the last quarter. Bessemer Group Inc. raised its holdings in Bentley Systems by 8,187,760.9% during the 1st quarter. Bessemer Group Inc. now owns 1,883,208 shares of the company's stock worth $74,086,000 after purchasing an additional 1,883,185 shares during the last quarter. AXA S.A. raised its holdings in Bentley Systems by 7.6% during the 4th quarter. AXA S.A. now owns 1,603,157 shares of the company's stock worth $74,867,000 after purchasing an additional 112,824 shares during the last quarter. Northern Trust Corp raised its holdings in Bentley Systems by 18.9% during the 4th quarter. Northern Trust Corp now owns 1,439,065 shares of the company's stock worth $67,204,000 after purchasing an additional 228,502 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in Bentley Systems by 10.2% during the 4th quarter. Bank of New York Mellon Corp now owns 1,053,762 shares of the company's stock worth $49,211,000 after purchasing an additional 97,950 shares during the last quarter. Institutional investors own 44.16% of the company's stock.

Bentley Systems Trading Up 0.0%

Shares of BSY stock traded up $0.01 during trading hours on Friday, hitting $52.64. 2,745,766 shares of the company were exchanged, compared to its average volume of 1,220,821. The firm has a market cap of $15.36 billion, a P/E ratio of 66.63, a P/E/G ratio of 4.42 and a beta of 1.07. Bentley Systems, Incorporated has a fifty-two week low of $36.51 and a fifty-two week high of $53.29. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.49 and a current ratio of 0.49. The company has a 50 day simple moving average of $47.55 and a two-hundred day simple moving average of $45.63.

Bentley Systems (NASDAQ:BSY - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.05. Bentley Systems had a net margin of 18.46% and a return on equity of 29.18%. The business had revenue of $370.54 million during the quarter, compared to the consensus estimate of $366.76 million. During the same quarter last year, the firm posted $0.31 EPS. Bentley Systems's revenue was up 9.7% compared to the same quarter last year. Equities analysts anticipate that Bentley Systems, Incorporated will post 0.88 EPS for the current year.

Bentley Systems Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 12th. Investors of record on Tuesday, June 3rd were given a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 0.53%. The ex-dividend date was Tuesday, June 3rd. Bentley Systems's payout ratio is currently 35.44%.

Insider Activity at Bentley Systems

In other Bentley Systems news, CRO Brock Ballard sold 12,363 shares of the firm's stock in a transaction on Wednesday, May 7th. The stock was sold at an average price of $45.08, for a total transaction of $557,324.04. Following the transaction, the executive now directly owns 68,064 shares in the company, valued at approximately $3,068,325.12. This trade represents a 15.37% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Raymond B. Bentley sold 355,103 shares of the firm's stock in a transaction on Monday, June 16th. The shares were sold at an average price of $49.96, for a total value of $17,740,945.88. Following the transaction, the director now owns 15,992,321 shares in the company, valued at approximately $798,976,357.16. This trade represents a 2.17% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,012,363 shares of company stock valued at $50,872,826. 20.56% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research firms have issued reports on BSY. KeyCorp raised their price target on shares of Bentley Systems from $54.00 to $56.00 and gave the stock an "overweight" rating in a report on Thursday, May 8th. Mizuho lowered their price target on shares of Bentley Systems from $60.00 to $50.00 and set an "outperform" rating for the company in a report on Tuesday, April 15th. JPMorgan Chase & Co. lowered their price target on shares of Bentley Systems from $52.00 to $45.00 and set a "neutral" rating for the company in a report on Wednesday, April 9th. Royal Bank Of Canada raised their price target on shares of Bentley Systems from $53.00 to $55.00 and gave the stock an "outperform" rating in a report on Thursday, May 8th. Finally, Oppenheimer raised their price target on shares of Bentley Systems from $49.00 to $50.00 and gave the stock an "outperform" rating in a report on Thursday, May 8th. One analyst has rated the stock with a sell rating, two have given a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Bentley Systems presently has an average rating of "Moderate Buy" and an average price target of $52.00.

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.