Copeland Capital Management LLC Has $30.85 Million Stock Position in Bentley Systems, Incorporated (NASDAQ:BSY)

Copeland Capital Management LLC lessened its position in Bentley Systems, Incorporated (NASDAQ:BSY - Free Report) by 3.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 660,487 shares of the company's stock after selling 23,475 shares during the period. Copeland Capital Management LLC owned about 0.23% of Bentley Systems worth $30,845,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. International Assets Investment Management LLC purchased a new stake in shares of Bentley Systems in the third quarter worth about $59,400,000. Principal Financial Group Inc. boosted its stake in shares of Bentley Systems by 20.5% during the 3rd quarter. Principal Financial Group Inc. now owns 204,612 shares of the company's stock valued at $10,396,000 after buying an additional 34,871 shares during the last quarter. Bar Harbor Wealth Management acquired a new stake in shares of Bentley Systems during the fourth quarter worth approximately $8,413,000. Needham Investment Management LLC acquired a new stake in Bentley Systems in the third quarter valued at $2,134,000. Finally, Mirabella Financial Services LLP boosted its stake in Bentley Systems by 1,155.0% during the 3rd quarter. Mirabella Financial Services LLP now owns 100,800 shares of the company's stock valued at $5,018,000 after acquiring an additional 92,768 shares during the last quarter. Institutional investors and hedge funds own 44.16% of the company's stock.

Bentley Systems Stock Performance

Shares of BSY traded up $0.19 during mid-day trading on Wednesday, reaching $46.89. 380,733 shares of the company's stock traded hands, compared to its average volume of 1,180,297. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.52 and a current ratio of 0.52. The business's 50-day moving average price is $47.33 and its 200-day moving average price is $48.53. The stock has a market capitalization of $13.63 billion, a P/E ratio of 42.25, a price-to-earnings-growth ratio of 3.48 and a beta of 1.03. Bentley Systems, Incorporated has a 12 month low of $43.82 and a 12 month high of $57.19.

Bentley Systems (NASDAQ:BSY - Get Free Report) last released its quarterly earnings results on Thursday, November 7th. The company reported $0.24 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.24. The company had revenue of $335.17 million during the quarter, compared to analysts' expectations of $340.36 million. Bentley Systems had a return on equity of 29.50% and a net margin of 27.73%. The company's revenue for the quarter was up 9.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.18 earnings per share. Equities analysts predict that Bentley Systems, Incorporated will post 0.88 earnings per share for the current year.

Bentley Systems Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Tuesday, December 3rd were paid a dividend of $0.06 per share. The ex-dividend date was Tuesday, December 3rd. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.51%. Bentley Systems's dividend payout ratio is presently 21.62%.

Analysts Set New Price Targets

BSY has been the topic of a number of recent analyst reports. Rosenblatt Securities restated a "buy" rating and issued a $62.00 target price on shares of Bentley Systems in a research note on Friday, November 8th. JPMorgan Chase & Co. started coverage on Bentley Systems in a report on Monday, December 9th. They set a "neutral" rating and a $52.00 target price on the stock. Finally, Piper Sandler reduced their price objective on Bentley Systems from $65.00 to $57.00 and set an "overweight" rating on the stock in a research note on Wednesday, January 8th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $57.29.

Insider Buying and Selling

In other news, Director Keith A. Bentley sold 69,573 shares of the firm's stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $46.67, for a total transaction of $3,246,971.91. Following the completion of the transaction, the director now owns 16,705,028 shares in the company, valued at approximately $779,623,656.76. This trade represents a 0.41 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 21.12% of the stock is owned by corporate insiders.

Bentley Systems 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.