Analysts Point To Bentley Systems Inc (NASDAQ: BSY) Growth In The Future

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Recently, Yahoo Finance discussed the stock, revealing that Bentley Systems to Announce Fourth Quarter 2023 Results on February 27, 2024.

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Stocks Info

As a NASDAQ listed company, BSY falls under the Technology sector while operating within the Software – Application industry segment. At the end of the last regular session, the stock closed at $51.50 and fluctuated between $51.78 as its day high and $51.04 as its day low. The current market capitalization of Bentley Systems Inc is $15.24B. A total of 0.54 million shares were traded on the day, compared to an average of 993.03K shares.

Insider Activity

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, BSY has seen 1 BUY and 1 SELL insider trades, representing the acquisition of 708,545 and the disposition of 94,448 shares. Over the last 12 months, there were 57 BUYs and 67 SELLs from insiders. Insiders purchased 1,931,634 shares during that period but sold 2,141,791.

In the most recent transaction, BENTLEY GREGORY S sold 17,965 shares of BSY for 48.42 per share on Oct 31. After the transaction, the Chairman, CEO & President now owns 7,508,422 company shares. In a previous transaction on Oct 30, BENTLEY GREGORY S sold 67,313 shares at 48.45 per share. BSY shares that Chairman, CEO & President owns now total 7,526,387.

Among the insiders who sold shares, BENTLEY GREGORY S disposed of 50,905 shares on Oct 27 at a per-share price of $48.34. This resulted in the Chairman, CEO & President holding 7,593,700 shares of BSY after the transaction. In another insider transaction, BENTLEY GREGORY S sold 53,502 shares at $48.74 per share on Oct 26. Company shares held by the Chairman, CEO & President now total 7,644,605.

Dividend

Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. Bentley Systems Inc pays an annual dividend of $0.13, resulting in a dividend yield of 0.25%, and it has a price to earnings (P/E) ratio of 95.74. BSY’s most recent ex-dividend date was 12/1/2023 when it declared a $0.05 quarterly dividend that was paid in cash on 12/14/2023. Previously, the company paid the dividend on 8/24/2023 with an ex-dividend date of 8/14/2023. The BSY stock dividend was $0.05 per share in cash.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. In terms of 52-week highs and lows, BSY has a high of $55.37 and a low of $37.21.

As of this writing, BSY has an earnings estimate of $The Hershey Company per share for the current quarter. EPS was calculated based on a consensus of Bristol-Myers Squibb Company estimates, with a high estimate of $Best Buy Co., Inc. per share and a lower estimate of $Boston Scientific Corporation.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. BSY’s latest balance sheet shows that the firm has $329.34M in Cash & Short Term Investments as of fiscal 2021. There were $1.49B in debt and $593.87M in liabilities at the time. Its Book Value Per Share was $2.34, while its Total Shareholder’s Equity was $409.22M.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for BSY is Buy with a score of 4.18.

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