Bentley Systems, Incorporated $BSY Shares Purchased by Copeland Capital Management LLC

Copeland Capital Management LLC increased its position in Bentley Systems, Incorporated (NASDAQ:BSY) by 36.9% in the first quarter, HoldingsChannel.com reports. The fund owned 687,682 shares of the company’s stock after buying an additional 185,480 shares during the period. Copeland Capital Management LLC’s holdings in Bentley Systems were worth $24,151,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Los Angeles Capital Management LLC purchased a new stake in Bentley Systems during the 4th quarter valued at about $25,000. Geneos Wealth Management Inc. increased its holdings in shares of Bentley Systems by 1,529.3% in the first quarter. Geneos Wealth Management Inc. now owns 668 shares of the company’s stock valued at $26,000 after purchasing an additional 627 shares during the period. Physician Wealth Advisors Inc. raised its stake in shares of Bentley Systems by 80.2% in the first quarter. Physician Wealth Advisors Inc. now owns 791 shares of the company’s stock worth $28,000 after purchasing an additional 352 shares during the last quarter. Royal London Asset Management Ltd. acquired a new stake in shares of Bentley Systems during the fourth quarter worth about $32,000. Finally, Pekao Towarzystwo Funduszy Inwestycyjnych S.A. acquired a new stake in shares of Bentley Systems during the fourth quarter worth about $34,000. Institutional investors and hedge funds own 44.16% of the company’s stock.

Bentley Systems Trading Down 2.3%

Shares of BSY opened at $32.34 on Friday. Bentley Systems, Incorporated has a 52-week low of $28.08 and a 52-week 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 0.91. The firm’s fifty day moving average is $31.72 and its two-hundred day moving average is $34.48. The stock has a market cap of $9.45 billion, a PE ratio of 36.75, a price-to-earnings-growth ratio of 2.13 and a beta of 1.00.

Bentley Systems (NASDAQ:BSY) last issued its earnings results on Thursday, May 7th. The company reported $0.38 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.02. The business had revenue of $424.18 million during the quarter, compared to analysts’ expectations of $419.80 million. Bentley Systems had a net margin of 18.12% and a return on equity of 28.65%. The company’s quarterly revenue was up 14.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.35 earnings per share. Research analysts forecast that Bentley Systems, Incorporated will post 1.2 earnings per share for the current fiscal year.

Bentley Systems Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 11th. Investors of record on Tuesday, June 2nd were paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend was Tuesday, June 2nd. Bentley Systems’s dividend payout ratio is currently 31.82%.

Analyst Ratings Changes

Several brokerages recently weighed in on BSY. BNP Paribas Exane assumed coverage on shares of Bentley Systems in a report on Thursday, June 18th. They issued an “outperform” rating and a $40.00 price target on the stock. Barclays decreased their price objective on shares of Bentley Systems from $49.00 to $40.00 and set an “equal weight” rating for the company in a research note on Friday, May 29th. Weiss Ratings lowered shares of Bentley Systems from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday. Bank of America started coverage on shares of Bentley Systems in a research note on Tuesday, May 12th. They issued a “buy” rating and a $40.00 price objective on the stock. Finally, Mizuho decreased their target price on shares of Bentley Systems from $50.00 to $45.00 and set an “outperform” rating for the company in a research report on Friday, May 8th. Nine analysts have rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, Bentley Systems has an average rating of “Hold” and an average price target of $45.54.

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.