The Street Is Finally Waking Up To Bentley Systems Inc (NASDAQ: BSY)

After Hours

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. Earlier, Yahoo Finance discussed this stock as it revealed Bentley Systems to Announce Fourth Quarter 2023 Results on February 27, 2024.

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Stocks Info

Bentley Systems Inc is listed on the NASDAQ as a member of the Technology sector and is a part of the Software – Application industry. At the end of the last regular session, the stock closed at $51.53 and fluctuated between $51.60 as its day high and $50.81 as its day low. The current market capitalization of Bentley Systems Inc is $15.25B. A total of 0.94 million shares were traded on the day, compared to an average of 942.94K shares.

Insider Activity

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, BSY has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 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

It is more appealing for investors to invest in companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook for the company. Bentley Systems Inc pays an annual dividend of $0.15, resulting in a dividend yield of 0.29%, and it has a price to earnings (P/E) ratio of 95.80. 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.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for BSY in the last 3 months, the mean price target is $58.89 with high estimates of $64.00 and low estimates of $50.00. 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 $0.18 per share for the current quarter. EPS was calculated based on a consensus of 10 estimates, with a high estimate of $0.22 per share and a lower estimate of $0.12. The company reported an EPS of $0.24 in the last quarter, which was 26.30% higher than expectations of $0.19.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. 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

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. 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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