Cooper Investors PTY Ltd. Lowers Stock Holdings in Bentley Systems, Incorporated $BSY

Cooper Investors PTY Ltd. trimmed its holdings in Bentley Systems, Incorporated (NASDAQ:BSY) by 12.1% in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 322,908 shares of the company’s stock after selling 44,629 shares during the quarter. Bentley Systems comprises approximately 4.5% of Cooper Investors PTY Ltd.’s portfolio, making the stock its 5th biggest position. Cooper Investors PTY Ltd.’s holdings in Bentley Systems were worth $16,623,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Geneos Wealth Management Inc. boosted its holdings in shares of Bentley Systems by 1,529.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 668 shares of the company’s stock valued at $26,000 after acquiring an additional 627 shares during the last quarter. Twin Tree Management LP lifted its position in Bentley Systems by 361.9% during the first quarter. Twin Tree Management LP now owns 739 shares of the company’s stock valued at $29,000 after purchasing an additional 579 shares during the period. Allworth Financial LP boosted its holdings in Bentley Systems by 37.6% in the second quarter. Allworth Financial LP now owns 702 shares of the company’s stock worth $38,000 after purchasing an additional 192 shares during the last quarter. Assetmark Inc. boosted its holdings in Bentley Systems by 682.8% in the second quarter. Assetmark Inc. now owns 728 shares of the company’s stock worth $39,000 after purchasing an additional 635 shares during the last quarter. Finally, Whittier Trust Co. grew its position in Bentley Systems by 237.4% in the 2nd quarter. Whittier Trust Co. now owns 830 shares of the company’s stock worth $45,000 after purchasing an additional 584 shares during the period. Hedge funds and other institutional investors own 44.16% of the company’s stock.

Bentley Systems Trading Down 0.6%

Shares of BSY stock opened at $38.92 on Friday. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.61 and a current ratio of 0.61. The stock has a fifty day simple moving average of $44.32 and a two-hundred day simple moving average of $50.51. The firm has a market capitalization of $11.37 billion, a PE ratio of 46.33, a PEG ratio of 3.05 and a beta of 1.23. Bentley Systems, Incorporated has a 52-week low of $36.51 and a 52-week high of $59.25.

Bentley Systems (NASDAQ:BSY) last announced its quarterly earnings data on Wednesday, November 5th. The company reported $0.27 EPS for the quarter, meeting the consensus estimate of $0.27. The business had revenue of $375.55 million for the quarter, compared to the consensus estimate of $369.57 million. Bentley Systems had a return on equity of 28.16% and a net margin of 18.45%.During the same period in the previous year, the business earned $0.24 earnings per share. The business’s revenue was up 12.0% on a year-over-year basis. On average, analysts predict that Bentley Systems, Incorporated will post 0.88 EPS for the current fiscal year.

Bentley Systems Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 11th. Shareholders of record on Thursday, December 4th were paid a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 0.7%. The ex-dividend date was Thursday, December 4th. Bentley Systems’s dividend payout ratio is presently 33.33%.

Wall Street Analyst Weigh In

BSY has been the topic of several research analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of Bentley Systems in a report on Wednesday, October 8th. Piper Sandler lowered their target price on Bentley Systems from $63.00 to $60.00 and set an “overweight” rating on the stock in a report on Thursday, November 6th. Barclays assumed coverage on Bentley Systems in a research report on Tuesday, October 7th. They issued an “equal weight” rating and a $57.00 target price on the stock. JPMorgan Chase & Co. reduced their price target on shares of Bentley Systems from $56.00 to $51.00 and set a “neutral” rating for the company in a research report on Thursday, November 6th. Finally, Robert W. Baird lowered their price objective on shares of Bentley Systems from $64.00 to $62.00 and set an “outperform” rating on the stock in a research note on Thursday, November 6th. Seven investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Bentley Systems presently has an average rating of “Moderate Buy” and a consensus price target of $56.73.

Bentley Systems 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.