Bentley Systems (NASDAQ:BSY) Stock Gets Price Target Bump from Cantor Fitzgerald

Bentley Systems (NASDAQ:BSY) had its price target raised by investment analysts at Cantor Fitzgerald from $42.00 to $55.00 in a report issued on Friday, MarketBeat reports. The brokerage presently has an “overweight” rating on the stock. Cantor Fitzgerald‘s price objective points to a potential upside of 23.18% from the stock’s previous close.

A number of other brokerages have also commented on BSY. BMO Capital Markets increased their price target on shares of Bentley Systems from $41.00 to $43.00 and gave the stock an “outperform” rating in a report on Friday, August 7th. Weiss Ratings raised shares of Bentley Systems from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, October 19th. Piper Sandler reaffirmed an “overweight” rating and set a $45.00 price objective on shares of Bentley Systems in a report on Friday, August 7th. Oppenheimer upped their target price on shares of Bentley Systems from $43.00 to $52.00 and gave the stock an “outperform” rating in a research report on Friday. Finally, Rosenblatt Securities increased their target price on Bentley Systems from $50.00 to $53.00 and gave the company a “buy” rating in a research note on Friday. Nine equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $46.67.

Bentley Systems Stock Down 0.6%

BSY stock opened at $44.65 on Friday. The company has a current ratio of 0.65, a quick ratio of 0.59 and a debt-to-equity ratio of 0.90. The company’s 50 day moving average is $35.61 and its 200 day moving average is $34.51. The stock has a market cap of $12.97 billion, a price-to-earnings ratio of 43.77, a price-to-earnings-growth ratio of 2.78 and a beta of 0.98. Bentley Systems has a 1-year low of $28.08 and a 1-year high of $48.17.

Bentley Systems (NASDAQ:BSY) last announced its earnings results on Thursday, November 5th. The company reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.03. Bentley Systems had a net margin of 19.57% and a return on equity of 29.99%. The business had revenue of $421.51 million for the quarter, compared to the consensus estimate of $420.69 million. During the same period last year, the firm posted $0.27 earnings per share. Bentley Systems’s quarterly revenue was up 12.2% on a year-over-year basis. Sell-side analysts predict that Bentley Systems will post 1.20 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Raymond Bentley sold 344,203 shares of the business’s stock in a transaction that occurred on Friday, October 30th. The stock was sold at an average price of $40.24, for a total value of $13,850,728.72. Following the completion of the sale, the director owned 14,316,404 shares in the company, valued at $576,092,096.96. The trade was a 2.35% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 500,000 shares of company stock valued at $20,089,565. Insiders own 20.27% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. EagleClaw Capital Managment LLC purchased a new position in shares of Bentley Systems during the third quarter worth approximately $200,000. Valmark Advisers Inc. lifted its holdings in shares of Bentley Systems by 36.5% in the 3rd quarter. Valmark Advisers Inc. now owns 47,561 shares of the company’s stock worth $1,520,000 after acquiring an additional 12,723 shares during the last quarter. Fisher Asset Management LLC boosted its stake in shares of Bentley Systems by 29.7% in the 3rd quarter. Fisher Asset Management LLC now owns 293,769 shares of the company’s stock valued at $9,386,000 after purchasing an additional 67,342 shares in the last quarter. Fifth Third Bancorp boosted its stake in shares of Bentley Systems by 62.1% in the 3rd quarter. Fifth Third Bancorp now owns 59,038 shares of the company’s stock valued at $1,886,000 after purchasing an additional 22,625 shares in the last quarter. Finally, Maryland State Retirement & Pension System boosted its stake in shares of Bentley Systems by 45.2% in the 3rd quarter. Maryland State Retirement & Pension System now owns 11,105 shares of the company’s stock valued at $355,000 after purchasing an additional 3,455 shares in the last quarter. 44.16% of the stock is currently owned by institutional investors.

More Bentley Systems News

Here are the key news stories impacting Bentley Systems this week:

• Positive Sentiment: Q3 results topped expectations and growth remained strong. Bentley reported adjusted earnings of $0.36 per share versus estimates of about $0.33–$0.34, while revenue of $421.5 million edged past forecasts and rose 12.2% year over year. The company also raised its annual recurring revenue outlook, supporting expectations for continued growth. Bentley Systems reports revenue growth and raises ARR outlook
• Positive Sentiment: Several analysts raised price targets. Oppenheimer lifted its target to $52 and kept an Outperform rating; RBC raised its target to $52 with an Outperform rating; Cantor Fitzgerald set a $55 target and Overweight rating; and Rosenblatt raised its target to $53 with a Buy rating. These revisions signal improved analyst expectations, though targets are not guarantees. Oppenheimer price target update RBC price target update Cantor Fitzgerald price target update Rosenblatt price target update
• Neutral Sentiment: UBS raised its target but stayed Neutral. UBS moved its target to $50 from $40, while maintaining a Neutral rating—an upward valuation revision tempered by a lack of stronger conviction. UBS price target update
• Negative Sentiment: An insider sale may weigh on sentiment. Raymond Bentley reportedly sold 344,203 shares. The report does not establish the reason for the sale, so it is not necessarily a signal about the company’s outlook. Insider share sale report

About Bentley Systems

Bentley Systems develops software for professionals who design, build, and operate infrastructure. Its customers include engineering firms, architects, construction companies, and infrastructure owners and operators working on projects such as roads, railways, buildings, utilities, and industrial facilities.

The company’s products support computer-aided design, project collaboration, infrastructure asset management, and digital twin development. Its software portfolio includes MicroStation for design and modeling, ProjectWise for project information management, and the iTwin platform for creating and working with digital representations of infrastructure assets.

Founded in 1984 by brothers Keith and Barry Bentley, the company serves customers around the world.