After finishing at $49.84 in the prior trading day, Bentley Systems Inc (NASDAQ: BSY) closed at $49.65, down -0.38%. In other words, the price has decreased by -$0.19 from its previous closing price. On the day, 1224351 shares were traded. BSY stock price reached its highest trading level at $50.46 during the session, while it also had its lowest trading level at $49.06.
Ratios:
Our goal is to gain a better understanding of BSY by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 215.79 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 37.69. For the most recent quarter (mrq), Quick Ratio is recorded 0.55 and its Current Ratio is at 0.55. In the meantime, Its Debt-to-Equity ratio is 1.78 whereas as Long-Term Debt/Eq ratio is at 1.75.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Rosenblatt on February 26, 2024, Upgraded its rating to Buy and sets its target price to $60 from $54 previously.
On June 14, 2023, Piper Sandler started tracking the stock assigning a Overweight rating and target price of $60.Piper Sandler initiated its Overweight rating on June 14, 2023, with a $60 target price.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Mar 06 ’24 when Bentley Keith A. sold 200,437 shares for $49.84 per share. The transaction valued at 9,989,829 led to the insider holds 17,253,104 shares of the business.
Bentley Keith A. sold 105,020 shares of BSY for $5,122,252 on Mar 05 ’24. The Director now owns 17,453,541 shares after completing the transaction at $48.77 per share. On Mar 04 ’24, another insider, Bentley Keith A., who serves as the Director of the company, sold 128,333 shares for $51.29 each. As a result, the insider received 6,581,686 and left with 17,558,561 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, BSY now has a Market Capitalization of 14.75B and an Enterprise Value of 16.25B. As of this moment, Bentley’s Price-to-Earnings (P/E) ratio for their current fiscal year is 49.54, and their Forward P/E ratio for the next fiscal year is 43.49. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 61.93. For the stock, the TTM Price-to-Sale (P/S) ratio is 12.02 while its Price-to-Book (P/B) ratio in mrq is 16.65. Its current Enterprise Value per Revenue stands at 13.23 whereas that against EBITDA is 54.77.
Stock Price History:
Over the past 52 weeks, BSY has reached a high of $55.37, while it has fallen to a 52-week low of $37.21. The 50-Day Moving Average of the stock is 50.61, while the 200-Day Moving Average is calculated to be 50.71.
Shares Statistics:
The stock has traded on average 1.04M shares per day over the past 3-months and 1.56M shares per day over the last 10 days, according to various share statistics. A total of 284.73M shares are outstanding, with a floating share count of 209.43M. Insiders hold about 29.56% of the company’s shares, while institutions hold 39.68% stake in the company. Shares short for BSY as of Feb 15, 2024 were 8.08M with a Short Ratio of 7.76, compared to 8.19M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 2.73% and a Short% of Float of 5.96%.
Dividends & Splits
In the trailing 12 months, BSY’s forward annual dividend rate was 0.20, compared to 0.15 this year. Against a Trailing Annual Dividend Yield of 0.40%, it implies a Forward Annual Dividend Yield of 0.48%. The current Payout Ratio is 19.93% for BSY, which recently paid a dividend on Mar 28, 2024 with an ex-dividend date of Mar 19, 2024. Stock splits for the company last occurred on Jun 19, 1996 when the company split stock in a 1:10 ratio.
Earnings Estimates
Its stock is currently analyzed by 10 different market analysts. On average, analysts expect EPS of $0.26 for the current quarter, with a high estimate of $0.29 and a low estimate of $0.23, while EPS last year was $0.25. The consensus estimate for the next quarter is $0.24, with high estimates of $0.25 and low estimates of $0.22.
Analysts are recommending an EPS of between $1.06 and $0.93 for the fiscal current year, implying an average EPS of $1. EPS for the following year is $1.14, with 11 analysts recommending between $1.22 and $1.01.
Revenue Estimates
10 analysts predict $340.51M in revenue for the current quarter. It ranges from a high estimate of $349.59M to a low estimate of $325.1M. As of the current estimate, Bentley Systems Inc’s year-ago sales were $298.65M, an estimated increase of 14.00% from the year-ago figure. For the next quarter, 10 analysts are estimating revenue of $331.39M, an increase of 11.70% less than the figure of $14.00% in the same quarter last year. There is a high estimate of $339M for the next quarter, whereas the lowest estimate is $328.2M.
A total of 12 analysts have provided revenue estimates for BSY’s current fiscal year. The highest revenue estimate was $1.38B, while the lowest revenue estimate was $1.35B, resulting in an average revenue estimate of $1.37B. In the same quarter a year ago, actual revenue was $1.23B, up 11.10% from the average estimate. Based on 12 analysts’ estimates, the company’s revenue will be $1.51B in the next fiscal year. The high estimate is $1.56B and the low estimate is $1.47B. The average revenue growth estimate for next year is up 10.60% from the average revenue estimate for this year.
