Bentley Systems (NASDAQ:BSY) Hits New 12-Month Low - What's Next?

Key Points

• Shares hit a new 52-week low — Bentley traded as low as $30.55 and was last around $32.37 on light volume, with the 50‑day and 200‑day moving averages at $35.55 and $38.97 respectively, signaling recent downward momentum.
• Analyst sentiment is mixed but cautiously positive: the consensus rating is "Moderate Buy" with an average price target of $48.50, despite several recent downward target revisions from major firms.
• Bentley's fundamentals show resilience — Q1 revenue of $424.18M beat expectations and rose 14.5% year‑over‑year while EPS met estimates at $0.38; the company pays a $0.07 quarterly dividend (≈0.8% yield) and about 44% of the stock is held by institutions including recent large buys by Pictet and Vanguard.

Shares of Bentley Systems, Incorporated (NASDAQ:BSY - Get Free Report) reached a new 52-week low on Thursday . The company traded as low as $30.55 and last traded at $32.3720, with a volume of 15023 shares trading hands. The stock had previously closed at $32.07.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Oppenheimer lowered their price objective on Bentley Systems from $53.00 to $43.00 and set an "outperform" rating on the stock in a research report on Friday, February 27th. Piper Sandler lowered their price objective on 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 price objective on Bentley Systems from $47.00 to $49.00 and gave the company an "equal weight" rating in a research report on Friday, March 6th. Rosenblatt Securities lowered their price objective on Bentley Systems from $58.00 to $50.00 and set a "buy" rating on the stock in a research report on Tuesday, February 24th. Finally, UBS Group lowered their target price on shares of Bentley Systems from $43.00 to $40.00 and set a "neutral" rating on the stock in a research note on Monday. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, four have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $48.50.

Bentley Systems Trading Up 4.9%

The stock has a fifty day moving average of $35.55 and a 200 day moving average of $38.97. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.56 and a current ratio of 0.56. The company has a market capitalization of $9.81 billion, a PE ratio of 39.11, a PEG ratio of 2.23 and a beta of 1.01.

Bentley Systems (NASDAQ:BSY - Get Free Report) last posted its quarterly earnings results on Thursday, May 7th. The company reported $0.38 EPS for the quarter, hitting analysts' consensus estimates of $0.38. Bentley Systems had a return on equity of 28.82% and a net margin of 18.50%.The company had revenue of $424.18 million for the quarter, compared to analysts' expectations of $419.80 million. During the same period in the previous year, the firm earned $0.35 EPS. The firm's revenue was up 14.5% compared to the same quarter last year. As a group, sell-side analysts predict that Bentley Systems, Incorporated will post 1.23 earnings per share for the current fiscal year.

Bentley Systems Dividend Announcement

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

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in BSY. William Blair Investment Management LLC purchased a new position in Bentley Systems in the 3rd quarter worth approximately $150,903,000. Pictet Asset Management Holding SA lifted its holdings in Bentley Systems by 150.9% in the 1st quarter. Pictet Asset Management Holding SA now owns 4,661,346 shares of the company's stock worth $163,703,000 after purchasing an additional 2,803,241 shares in the last quarter. Manning & Napier Advisors LLC purchased a new position in Bentley Systems in the 3rd quarter worth approximately $122,028,000. Norges Bank bought a new stake in Bentley Systems in the 4th quarter worth approximately $68,766,000. Finally, Vanguard Group Inc. increased its stake in Bentley Systems by 10.7% in the 3rd quarter. Vanguard Group Inc. now owns 18,607,657 shares of the company's stock worth $957,922,000 after acquiring an additional 1,792,591 shares during the last quarter. 44.16% of the stock is owned by hedge funds and other institutional investors.

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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