Bentley Systems Inc (NASDAQ: BSY) is -2.09% lower on its value in year-to-date trading and has touched a low of $43.82 and a high of $57.19 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The BSY stock was last observed hovering at around $49.94 in the last trading session, with the day’s gains setting it 1.15%.
Currently trading at $51.09, the stock is 3.02% and 3.13% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.38 million and changing 2.30% at the moment leaves the stock 1.22% off its SMA200. BSY registered -1.81% loss for a year compared to 6-month loss of -7.13%. The firm has a 50-day simple moving average (SMA 50) of $49.5286 and a 200-day simple moving average (SMA200) of $50.47385.
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The stock witnessed a 4.31% gain in the last 1 month and extending the period to 3 months gives it a 5.60%, and is 5.86% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.99% over the week and 2.23% over the month.
Bentley Systems Inc (BSY) has around 5200 employees, a market worth around $15.44B and $1.29B in sales. Current P/E ratio is 44.62 and Fwd P/E is 42.16. Profit margin for the company is 29.17%. Distance from 52-week low is 16.59% and -10.67% from its 52-week high. The company has generated returns on investments over the last 12 months (15.98%).
Bentley Systems Inc quarterly earnings per share for the current quarter are estimated at 0.24 with sales reaching $340.74M over the same period.The EPS is expected to grow by 18.41% this year, but quarterly earnings will post 10.80% year-over-year. Quarterly sales are estimated to grow 13.70% in year-over-year returns.
622.0 institutions hold shares in Bentley Systems Inc (BSY), with institutional investors hold 82.66% of the company’s shares. The shares outstanding are 284.73M, and float is at 136.52M with Short Float at 4.79%. Institutions hold 44.58% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 17.99 million shares valued at $887.86 million. The investor’s holdings represent 5.7231 of the BSY Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 15.94 million shares valued at $786.75 million to account for 5.0714 of the shares outstanding. The other top investors are KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC which holds 15.78 million shares representing 5.0203 and valued at over $778.83 million, while PICTET ASSET MANAGEMENT HOLDING SA holds 1.6621 of the shares totaling 5.22 million with a market value of $257.85 million.
Bentley Systems Inc (BSY) Insider Activity
The most recent transaction is an insider sale by Bentley Barry J., the company’s Director. SEC filings show that Bentley Barry J. sold 50,000 shares of the company’s common stock on Nov 04 ’24 at a price of $48.80 per share for a total of $2.44 million. Following the sale, the insider now owns 12.0 million shares.
Bentley Systems Inc disclosed in a document filed with the SEC on Oct 28 ’24 that Bentley Barry J. (Director) sold a total of 50,000 shares of the company’s common stock. The trade occurred on Oct 28 ’24 and was made at $48.95 per share for $2.45 million. Following the transaction, the insider now directly holds 12.05 million shares of the BSY stock.
Still, SEC filings show that on Oct 21 ’24, Bentley Barry J. (Director) disposed off 50,000 shares at an average price of $49.44 for $2.47 million. The insider now directly holds 12,098,235 shares of Bentley Systems Inc (BSY).
