Bentley Systems Incorporated (NASDAQ:BSY) has seen 0.81 million shares traded in the last trading session. The company, currently valued at $18.69B, closed the last trade at $67.18 per share which meant it gained $0.82 on the day or 1.24% during that session. The BSY stock price is -1.89% off its 52-week high price of $68.45 and 59.81% above the 52-week low of $27.00. If we look at the company’s 10-day average daily trading volume, we find that it stood at 0.93 million shares traded. The 3-month trading volume is 1.58 million shares.
The consensus among analysts is that Bentley Systems Incorporated (BSY) is an Overweight stock at the moment, with a recommendation rating of 2.20. 0 analysts rate the stock as a Sell, while 1 rate it as Overweight. 3 out of 8 have rated it as a Hold, with 4 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is $0.15.
Bentley Systems Incorporated (NASDAQ:BSY) trade information
Sporting 1.24% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on Friday, 09/03/21 when the BSY stock price touched $67.18 or saw a rise of 0.99%. Year-to-date, Bentley Systems Incorporated shares have moved 65.84%, while the 5-day performance has seen it change 3.26%. Over the past 30 days, the shares of Bentley Systems Incorporated (NASDAQ:BSY) have changed 6.89%. Short interest in the company has seen 6.96 million shares shorted with days to cover at 7.3.
Wall Street analysts have a consensus price target for the stock at $69.57, which means that the shares’ value could jump 3.44% from current levels. The projected low price target is $57.00 while the price target rests at a high of $75.00. In that case, then, we find that the current price level is -11.64% off the targeted high while a plunge would see the stock lose 15.15% from current levels.
Bentley Systems Incorporated (BSY) estimates and forecasts
Figures show that Bentley Systems Incorporated shares have outperformed across the wider relevant industry. The company’s shares have gained 56.41% over the past 6 months, with this year growth rate of 18.75%, compared to -0.90% for the industry. Revenue growth from the last financial year stood is estimated to be 19.10%.
7 analysts offering their estimates for the company have set an average revenue estimate of $213.45 million for the current quarter. 8 have an estimated revenue figure of $247.66 million for the next quarter concluding in Sep 2021.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 36.40% over the past 5 years. Earnings growth for 2021 is a modest 6.90% while over the next 5 years, the company’s earnings are expected to increase by 9.10%.
Bentley Systems Incorporated is expected to release its next earnings report on May 11 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 0.12 at a share yield of 0.18%. The company’s dividend yield has gone up over the past 12 months.
Bentley Systems Incorporated (NASDAQ:BSY)’s Major holders
Insiders own 19.89% of the company shares, while shares held by institutions stand at 28.69% with a share float percentage of 35.82%. Investors are also buoyed by the number of investors in a company, with Bentley Systems Incorporated having a total of 315 institutions that hold shares in the company. The top two institutional holders are SPT Invest Management Sarl with over 35.57 million shares worth more than $2.3 billion. As of Jun 29, 2021, SPT Invest Management Sarl held 13.17% of shares outstanding.
The other major institutional holder is Vanguard Group, Inc. (The), with the holding of over 11.82 million shares as of Jun 29, 2021. The firm’s total holdings are worth over $765.45 million and represent 4.38% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Mid-Cap Index Fund and Smallcap World Fund. As of Jun 29, 2021, the former fund manager holds about 1.31% shares in the company for having 3.54 million shares of worth $229.44 million while later fund manager owns 1.59 million shares of worth $74.46 million as of Mar 30, 2021, which makes it owner of about 0.59% of company’s outstanding stock.