Bentley Systems Inc (NASDAQ: BSY) is 1.16% higher 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 continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The BSY stock was last observed hovering at around $46.10 in the last trading session, with the day’s gains setting it 1.14%.
Currently trading at $47.24, the stock is 1.49% and -0.81% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.35 million and changing 2.47% at the moment leaves the stock -4.90% off its SMA200. BSY registered -6.49% loss for a year compared to 6-month loss of -2.34%. The firm has a 50-day simple moving average (SMA 50) of $47.6552 and a 200-day simple moving average (SMA200) of $49.69075.
The stock witnessed a -1.40% gain in the last 1 month and extending the period to 3 months gives it a -3.96%, and is 3.96% 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 2.20% over the week and 2.19% over the month.
Bentley Systems Inc (BSY) has around 5200 employees, a market worth around $14.28B and $1.31B in sales. Current P/E ratio is 42.47 and Fwd P/E is 39.59. Profit margin for the company is 27.72%. Distance from 52-week low is 7.80% and -17.40% from its 52-week high. The company has generated returns on investments over the last 12 months (14.68%).
with sales reaching $349.99M over the same period.The EPS is expected to grow by 16.74% this year, but quarterly earnings will post 10.18% year-over-year. Quarterly sales are estimated to grow 12.67% in year-over-year returns.
Bentley Systems Inc (BSY) Top Institutional Holders
610.0 institutions hold shares in Bentley Systems Inc (BSY), with institutional investors hold 81.23% of the company’s shares. The shares outstanding are 290.51M, and float is at 136.92M with Short Float at 4.36%. Institutions hold 43.97% 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 Keith A., the company’s Director. SEC filings show that Bentley Keith A. sold 69,573 shares of the company’s common stock on Jan 02 ’25 at a price of $46.67 per share for a total of $3.25 million. Following the sale, the insider now owns 16.71 million shares.
Still, SEC filings show that on Nov 11 ’24, Bentley Barry J. (Director) disposed off 50,000 shares at an average price of $48.22 for $2.41 million. The insider now directly holds 11,948,235 shares of Bentley Systems Inc (BSY).
