What You Need To Know About Bentley Systems Incorporated (BSY)

Bentley Systems Incorporated (NASDAQ:BSY) finished Friday with an addition of $0.72 to close at $59.07, an upside of 1.23 percent. An average of 634,340 shares of common stock have been traded in the last five days. There was a gain of $1.63 in the past week, and it reached a new high 39 times over the past 12 months. The last 20 days have seen an average of 812,310 shares traded, while the 50-day average volume stands at 1,448,176.

BSY stock has decreased by -9.40% in the last month. The company shares reached their 1-month lowest point of $55.80 on 10/18/21. With the stock rallying to its 52-week high on 09/15/21, shares of the company touched a low of $31.14 and a high of $71.92 in 52 weeks. It has reached a new high 29 times so far this year and achieved 45.82% or $18.56 in price. In spite of this, the price is down -17.87% from the 52-week high.


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Insider Transactions

40 days have passed since Bentley Systems Incorporated (BSY) last reported insider trading activity. Hughes Brian F., who is Director, most recently acquired $2,193 shares at $69.20 per share on Sep 13. In this transaction, the insider spent $151,756. See Remarks, Hollister David J., disposed of 20,447 shares at a price of $62.94 on Aug 16. The insider now owns more than $1,286,934 worth of shares. Prior to that, Chief Technology Officer Bentley Keith A. went on to Sale 80,530 shares at $61.48 each on Aug 04. An amount of $4,950,856 was transacted.

Valuation Metrics

Bentley Systems Incorporated (BSY) has a trailing price-to-earnings (P/E) ratio of 115.60, which compares with the 29.20 for the broader industry and 38.99 for the sector. In the last five years, Bentley Systems Incorporated’s PE ratio has ranged between 139.55 and 62.53. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 19.15, the price-to-book (PB) ratio at 38.11, and the price-to-cash flow ratio at 68.14.

Bentley Systems Incorporated pays a $0.12 dividend per share annually. It offers a dividend yield of 0.20%. The company has a payout ratio of 11.20%. The company’s most recent quarterly dividend payment took place on Sep. 9, and it was $0.03 a share, without any change from last year.

The quick ratio of Bentley Systems Incorporated for the three months ended June 29 was 0.70, and the current ratio was 0.70, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 2.69 and a total debt to equity ratio of 2.69 for the quarter ending June 29. Bentley Systems Incorporated’s EBITDA margin for the year ending June 29 is 27.33%, while its operating margin for the same period stands at 17.00%. Its gross profit as reported stood at $634.39 million compared to revenue of $801.54 million.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Bentley Systems Incorporated’s return on assets was 10.10%. For the broader industry, ROE averaged 3.34 over the past year.

Earnings Surprise

For the three-month period that ended June 29, Bentley Systems Incorporated had $1.27 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $44.91 million in the quarter, while revenues were grew 100.0%. The analyst consensus anticipated Bentley Systems Incorporated’s latest quarter earnings to come in at $0.15 per share, but it turned out to be $0.23, a 53.30% surprise. For the quarter, EBITDA amounted to $43.65 million. Shareholders own equity worth $281.67 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Bentley Systems Incorporated (BSY) price momentum. RSI 9-day as of the close on 22 October was 51.88%, suggesting the stock is Neutral, with historical volatility in this time frame at 16.19%.

As of today, BSY’s price is $57.92 +2.84% or $1.63 from its 5-day moving average. BSY is currently trading -7.92% lower than its 20-day SMA and -0.56% lower than its 100-day SMA. However, the stock’s current price level is -6.81% below the SMA50 and +27.47% above the SMA200.

The stochastic %K and %D were 55.18% and 40.59%, respectively, and the average true range (ATR) was 1.45. With the 14-day stochastic at 82.39% and the average true range at 1.63, the RSI (14) stands at 45.39%. The stock has reached 0.83 on the 9-day MACD Oscillator while the 14-day reading was at 0.68.

Analyst Ratings

Griffin Securities launched coverage on Bentley Systems Incorporated (NASDAQ: BSY) in its analyst report released on July 16, 2021. The firm assigned the stock a a Neutral rating. The consensus rating for Bentley Systems Incorporated (BSY) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell BSY, while 3 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 4 others rate it as a “buy”.

What is BSY’s price target for the next 12 months?

Analysts predict a range of price targets between $57.00 and $75.00, with a median target of $72.00. Taking a look at these predictions, the average price target given by analysts for Bentley Systems Incorporated (BSY) stock is $69.57.

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