The price of Bentley Systems Inc (NASDAQ: BSY) closed at $49.46 in the last session, down -5.77% from day before closing price of $52.49. In other words, the price has decreased by -$3.03 from its previous closing price. On the day, 2083689 shares were traded.
Ratios:
We take a closer look at BSY’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 213.95 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 37.37. 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:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Oct 31 when BENTLEY GREGORY S sold 17,965 shares for $48.42 per share. The transaction valued at 869,946 led to the insider holds 7,508,422 shares of the business.
BENTLEY GREGORY S sold 67,313 shares of BSY for $3,261,315 on Oct 30. The Chairman, CEO & President now owns 7,526,387 shares after completing the transaction at $48.45 per share. On Oct 27, another insider, BENTLEY GREGORY S, who serves as the Chairman, CEO & President of the company, sold 50,905 shares for $48.34 each. As a result, the insider received 2,460,880 and left with 7,593,700 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 14.64B and an Enterprise Value of 16.14B. As of this moment, Bentley’s Price-to-Earnings (P/E) ratio for their current fiscal year is 49.53, and their Forward P/E ratio for the next fiscal year is 42.51. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 61.92. For the stock, the TTM Price-to-Sale (P/S) ratio is 11.91 while its Price-to-Book (P/B) ratio in mrq is 21.12. Its current Enterprise Value per Revenue stands at 13.40 whereas that against EBITDA is 49.92.
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 50.70, while the 200-Day Moving Average is calculated to be 50.55.
Shares Statistics:
According to the various share statistics, BSY traded on average about 955.49K shares per day over the past 3-months and 931.68k shares per day over the past 10 days. A total of 277.41M shares are outstanding, with a floating share count of 208.38M. Insiders hold about 29.58% of the company’s shares, while institutions hold 39.87% stake in the company. Shares short for BSY as of Jan 31, 2024 were 8.06M with a Short Ratio of 8.43, compared to 8.85M on Dec 29, 2023. Therefore, it implies a Short% of Shares Outstanding of 2.72% and a Short% of Float of 5.96%.
Dividends & Splits
The forward annual dividend rate for BSY is 0.15, which was 0.18 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 0.34%, it implies a Forward Annual Dividend Yield of 0.38%. The current Payout Ratio is 20.00% for BSY, which recently paid a dividend on Dec 14, 2023 with an ex-dividend date of Dec 01, 2023. Stock splits for the company last occurred on Jun 19, 1996 when the company split stock in a 1:10 ratio.
Earnings Estimates
The company has 11 analysts who recommend its stock at the moment. On average, analysts expect EPS of $0.18 for the current quarter, with a high estimate of $0.22 and a low estimate of $0.12, while EPS last year was $0.19. The consensus estimate for the next quarter is $0.26, with high estimates of $0.28 and low estimates of $0.24.
Analysts are recommending an EPS of between $0.93 and $0.82 for the fiscal current year, implying an average EPS of $0.88. EPS for the following year is $1, with 12 analysts recommending between $1.2 and $0.94.
Revenue Estimates
According to 11 analysts, the current quarter’s revenue is expected to be $313.23M. It ranges from a high estimate of $323.84M to a low estimate of $302.45M. As of the current estimate, Bentley Systems Inc’s year-ago sales were $286.95M, an estimated increase of 9.20% from the year-ago figure. For the next quarter, 9 analysts are estimating revenue of $344.84M, an increase of 15.50% over than the figure of $9.20% in the same quarter last year. There is a high estimate of $352.42M for the next quarter, whereas the lowest estimate is $328.7M.
A total of 13 analysts have provided revenue estimates for BSY’s current fiscal year. The highest revenue estimate was $1.24B, while the lowest revenue estimate was $1.22B, resulting in an average revenue estimate of $1.23B. In the same quarter a year ago, actual revenue was $1.1B, up 12.00% from the average estimate. Based on 13 analysts’ estimates, the company’s revenue will be $1.37B in the next fiscal year. The high estimate is $1.44B and the low estimate is $1.33B. The average revenue growth estimate for next year is up 11.20% from the average revenue estimate for this year.
