Bentley Systems - BSY Stock Forecast, Price & News

8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Bentley Systems in the last twelve months. There are currently 1 hold rating and 7 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" BSY shares.
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8 Wall Street research analysts have issued twelve-month price targets for Bentley Systems' shares. Their BSY share price forecasts range from $39.00 to $50.00. On average, they expect the company's share price to reach $46.56 in the next twelve months. This suggests a possible upside of 12.2% from the stock's current price.
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Bentley Systems' stock was trading at $36.96 on January 1st, 2023. Since then, BSY shares have increased by 12.3% and is now trading at $41.49.
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Bentley Systems saw a decline in short interest in March. As of March 15th, there was short interest totaling 6,330,000 shares, a decline of 9.3% from the February 28th total of 6,980,000 shares. Based on an average daily volume of 725,900 shares, the days-to-cover ratio is currently 8.7 days. Approximately 3.0% of the shares of the company are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 9th 2023.
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Bentley Systems, Incorporated (NASDAQ:BSY) posted its earnings results on Tuesday, February, 28th. The company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.01. The business earned $287 million during the quarter, compared to analysts' expectations of $280.85 million. Bentley Systems had a trailing twelve-month return on equity of 41.48% and a net margin of 15.90%. The company's revenue was up 7.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.18 EPS.

Bentley Systems announced a quarterly dividend on Wednesday, January 25th. Stockholders of record on Tuesday, February 21st will be given a dividend of $0.05 per share on Tuesday, March 7th. This represents a $0.20 annualized dividend and a yield of 0.48%. The ex-dividend date of this dividend is Friday, February 17th. This is a positive change from the stock's previous quarterly dividend of $0.03.
Read our dividend analysis for BSY.

ETFs with the largest weight of Bentley Systems (NASDAQ:BSY) stock in their portfolio include Janus Henderson Small/Mid Cap Growth Alpha ETF (JSMD), Fidelity Metaverse ETF (FMET), Pacer BlueStar Engineering the Future ETF (BULD), Renaissance IPO ETF (IPO), ERShares Entrepreneur ETF (ENTR), Invesco ESG NASDAQ Next Gen 100 ETF (QQJG), First Trust Technology AlphaDEX Fund (FXL) and First Trust Mid Cap US Equity Select ETF (RNMC).

Bentley Systems (NASDAQ:BSY) pays an annual dividend of $0.20 per share and currently has a dividend yield of 0.48%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 36.36%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, BSY will have a dividend payout ratio of 26.32% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for BSY.

Bentley Systems issued an update on its FY 2023 earnings guidance on Tuesday, February, 28th. The company provided EPS guidance of for the period. The company issued revenue guidance of $1.21 billion-$1.24 billion, compared to the consensus revenue estimate of $1.20 billion.

(BSY) raised $194 million in an initial public offering 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 a variety of retail and institutional investors. Top institutional shareholders include Artisan Partners Limited Partnership (1.41%), Siemens Pension Trust E V (1.15%), Geode Capital Management LLC (1.03%), Siemens Fonds Invest GmbH (0.97%), TimesSquare Capital Management LLC (0.57%) and Norges Bank (0.57%). 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, 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 $41.49.

Bentley Systems (NASDAQ:BSY) has a market capitalization of $11.57 billion and generates $1.10 billion in revenue each year. The company earns $174.74 million in net income (profit) each year or $0.55 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.