Bentley Systems (BSY) Stock Forecast, Price & News

8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Bentley Systems in the last twelve months. There are currently 2 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" BSY shares.
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8 Wall Street research analysts have issued 12 month price targets for Bentley Systems' stock. Their BSY share price forecasts range from $47.00 to $58.00. On average, they expect the company's stock price to reach $50.78 in the next year. This suggests a possible upside of 3.1% from the stock's current price.
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Bentley Systems' stock was trading at $36.96 at the beginning of 2023. Since then, BSY stock has increased by 33.2% and is now trading at $49.24.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 8th 2023.
View our BSY earnings forecast.

Bentley Systems, Incorporated (NASDAQ:BSY) released its earnings results on Tuesday, February, 28th. The company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.01. The firm earned $287 million during the quarter, compared to the consensus estimate of $280.85 million. Bentley Systems had a trailing twelve-month return on equity of 38.40% and a net margin of 14.40%. The firm's revenue was up 7.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.18 earnings per share.

Bentley Systems declared a quarterly dividend on Friday, May 26th. Shareholders of record on Thursday, June 8th will be paid a dividend of $0.05 per share on Tuesday, June 20th. This represents a $0.20 dividend on an annualized basis and a yield of 0.41%. The ex-dividend date is Wednesday, June 7th.
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), Pacer BlueStar Engineering the Future ETF (BULD), Fidelity Metaverse ETF (FMET), Renaissance IPO ETF (IPO), BlackRock Future Innovators ETF (BFTR), Pacer US Large Cap Cash Cows Growth Leaders ETF (COWG), ERShares Entrepreneurs ETF (ENTR) and Invesco ESG NASDAQ Next Gen 100 ETF (QQJG).

Bentley Systems (NASDAQ:BSY) pays an annual dividend of $0.20 per share and currently has a dividend yield of 0.40%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 39.22%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, BSY will have a dividend payout ratio of 25.64% 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 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 acted 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 number of institutional and retail investors. Top institutional investors include Kayne Anderson Rudnick Investment Management LLC (4.48%), Artisan Partners Limited Partnership (1.81%), Geode Capital Management LLC (1.01%), Clearbridge Investments LLC (0.57%), Brown Advisory Inc. (0.55%) 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, 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 $49.24.

Bentley Systems (NASDAQ:BSY) has a market capitalization of $13.87 billion and generates $1.10 billion in revenue each year. The company earns $174.74 million in net income (profit) each year or $0.51 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.