Bentley Systems (BSY) Stock Forecast, Price & News

9 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Bentley Systems in the last twelve months. There are currently 3 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" BSY shares.
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9 equities research analysts have issued 12 month price targets for Bentley Systems' stock. Their BSY share price forecasts range from $47.00 to $64.00. On average, they expect the company's stock price to reach $55.67 in the next year. This suggests a possible upside of 14.0% from the stock's current price.
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Bentley Systems' stock was trading at $36.96 at the start of the year. Since then, BSY stock has increased by 32.1% and is now trading at $48.82.
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Bentley Systems saw a decrease in short interest during the month of August. As of August 31st, there was short interest totaling 6,740,000 shares, a decrease of 20.2% from the August 15th total of 8,450,000 shares. Based on an average trading volume of 864,200 shares, the short-interest ratio is currently 7.8 days. Approximately 3.3% of the company's shares are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 14th 2023.
View our BSY earnings forecast.

Bentley Systems, Incorporated (NASDAQ:BSY) posted its quarterly earnings results on Tuesday, August, 8th. The company reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.05. The firm had revenue of $296.75 million for the quarter, compared to the consensus estimate of $295.78 million. Bentley Systems had a trailing twelve-month return on equity of 36.80% and a net margin of 13.45%.

Bentley Systems declared a quarterly dividend on Wednesday, July 26th. Shareholders of record on Tuesday, August 15th will be paid a dividend of $0.05 per share on Thursday, August 24th. This represents a $0.20 annualized dividend and a yield of 0.41%. The ex-dividend date of this dividend is Monday, August 14th.
Read our dividend analysis for BSY.

ETFs with the largest weight of Bentley Systems (NASDAQ:BSY) stock in their portfolio include Invesco Dynamic Software ETF (PSJ), Pacer BlueStar Engineering the Future ETF (BULD), First Trust US Equity Opportunities ETF (FPX), Fidelity Metaverse ETF (FMET), Renaissance IPO ETF (IPO), BlackRock Future Innovators ETF (BFTR), VictoryShares Nasdaq Next 50 ETF (QQQN) and Pacer US Large Cap Cash Cows Growth Leaders ETF (COWG).

Bentley Systems (NASDAQ:BSY) pays an annual dividend of $0.20 per share and currently has a dividend yield of 0.41%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 40.82%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, BSY will have a dividend payout ratio of 25.32% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for BSY.

(BSY) raised $194 million in an IPO on Wednesday, September 23rd 2020. The company issued 10,800,000 shares at $17.00-$19.00 per share. Goldman Sachs, BofA Securities and RBC Capital Markets served as the underwriters for the IPO and Baird, KeyBanc Capital Markets and Mizuho Securities were co-managers.

Bentley Systems trades on the NASDAQ under the ticker symbol "BSY."

Bentley Systems' stock is owned by many different institutional and retail investors. Top institutional shareholders include Kayne Anderson Rudnick Investment Management LLC (4.57%), Artisan Partners Limited Partnership (1.90%), Geode Capital Management LLC (1.12%), Brown Advisory Inc. (0.55%), Northern Trust Corp (0.54%) and TimesSquare Capital Management LLC (0.53%). Insiders that own company stock include Barry J Bentley, Barry J Bentley, Brian F Hughes, David J Hollister, David R Shaman, Gregory S Bentley, Gregory S Bentley, Keith A Bentley, Keith A Bentley, Kirk B Griswold, Michael M Campbell, Nicholas Cumins, Raymond B Bentley and Richard P Bentley.
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Shares of BSY stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of BSY stock can currently be purchased for approximately $48.82.

Bentley Systems (NASDAQ:BSY) has a market capitalization of $13.83 billion and generates $1.10 billion in revenue each year. The company earns $174.74 million in net income (profit) each year or $0.49 on an earnings per share basis.

The company employs 5,000 workers across the globe.

Bentley Systems' mailing address is 685 STOCKTON DRIVE, EXTON PA, 19341. The official website for the company is www.bentley.com. The company can be reached via phone at 610-458-5000 or via email at ir@bentley.com.