Investors on the quest for market-beating returns often employ the strategy of stock picking. Making informed choices in stocks can greatly amplify your wealth.
Bentley Systems Inc (NASDAQ: BSY) closed the day trading at $52.06 up 3.89% from the previous closing price of $50.11. In other words, the price has increased by $3.89 from its previous closing price. On the day, 11.92 million shares were traded. BSY stock price reached its highest trading level at $54.17 during the session, while it also had its lowest trading level at $49.29.
Ratios:
For a better understanding of BSY, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 226.27 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 39.52. 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.
On February 26, 2024, Rosenblatt Upgraded its rating to Buy which previously was Neutral and also upped its target price recommendation from $54 to $60.
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 07 ’24 when Bentley Keith A. sold 88,925 shares for $49.48 per share. The transaction valued at 4,400,439 led to the insider holds 17,164,179 shares of the business.
Bentley Keith A. sold 200,437 shares of BSY for $9,989,829 on Mar 06 ’24. The Director now owns 17,253,104 shares after completing the transaction at $49.84 per share. On Mar 05 ’24, another insider, Bentley Keith A., who serves as the Director of the company, sold 105,020 shares for $48.77 each. As a result, the insider received 5,122,252 and left with 17,453,541 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 15613627392 and an Enterprise Value of 17885796352. As of this moment, Bentley’s Price-to-Earnings (P/E) ratio for their current fiscal year is 51.95, and their Forward P/E ratio for the next fiscal year is 45.70. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 64.93. For the stock, the TTM Price-to-Sale (P/S) ratio is 12.60 while its Price-to-Book (P/B) ratio in mrq is 17.46. Its current Enterprise Value per Revenue stands at 14.56 whereas that against EBITDA is 57.116.
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 $40.89. The 50-Day Moving Average of the stock is 3.06%, while the 200-Day Moving Average is calculated to be 2.89%.
Shares Statistics:
Over the past 3-months, BSY traded about 1.13M shares per day on average, while over the past 10 days, BSY traded about 2731010 shares per day. A total of 284.73M shares are outstanding, with a floating share count of 123.92M. Insiders hold about 58.32% of the company’s shares, while institutions hold 39.84% stake in the company. Shares short for BSY as of 1711584000 were 8830135 with a Short Ratio of 7.81, compared to 1709164800 on 7436182. Therefore, it implies a Short% of Shares Outstanding of 8830135 and a Short% of Float of 6.47.
Dividends & Splits
BSY’s forward annual dividend rate is 0.21, up from 0.2 a year ago.
Earnings Estimates
Investors are eagerly awaiting the insights provided by Bristol-Myers Squibb Company analysts currently analyzing and rating the stock of Bentley Systems Inc (BSY).The consensus estimate for the next quarter is $184.86, with high estimates of $76.00 and low estimates of $67.42.
Analysts are recommending an EPS of between $Consumer Cyclical and $Healthcare for the fiscal current year, implying an average EPS of $Consumer Defensive.
