While Bentley Systems Inc has underperformed by -0.13%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, BSY rose by 32.97%, with highs and lows ranging from $55.37 to $40.89, whereas the simple moving average jumped by 7.40% in the last 200 days.
On March 28, 2024, William Blair started tracking Bentley Systems Inc (NASDAQ: BSY) recommending Outperform. A report published by Rosenblatt on February 26, 2024, Upgraded its rating to ‘Buy’ for BSY. Piper Sandler Initiated an Overweight rating on June 14, 2023, and assigned a price target of $60. Goldman May 11, 2023d its ‘Buy’ rating to ‘Neutral’ for BSY, as published in its report on May 11, 2023. Griffin Securities’s report from May 10, 2023 suggests a price prediction of $58 for BSY shares, giving the stock a ‘Buy’ rating. Rosenblatt also rated the stock as ‘Neutral’.
Analysis of Bentley Systems Inc (BSY)
It’s important to note that BSY shareholders are currently getting $0.21 per share in dividends, so investors will receive a return regardless of how the company performs. Further, the quarter-over-quarter increase in sales is 8.26%, showing a positive trend in the upcoming months.
Bentley Systems Inc’s future performance can be predicted by a variety of well-rounded types of analysis and research, with equity being one of the most crucial ones. The goal here is to ensure that your current return on equity of 44.88% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 0.55, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
For any stock, average volume can be an extremely valuable indicator of volatility, and BSY is registering an average volume of 1.41M. On a monthly basis, the volatility of the stock is set at 3.11%, whereas on a weekly basis, it is put at 2.51%, with a gain of 4.44% over the past seven days. Furthermore, long-term investors anticipate a median target price of $59.80, showing growth from the present price of $54.37, which can serve as yet another indication of whether BSY is worth investing in or should be passed over.
How Do You Analyze Bentley Systems Inc Shares?
A giant in the Software – Application market, Bentley Systems Inc (BSY) is based in the USA. When comparing Bentley Systems Inc shares with other companies under Technology, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 54.25, there is a growth in quarterly earnings of 584.76%.
Besides checking the fundamentals, you should also know how many employees own shares in the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 58.32%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 39.69% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
BSY shares are owned by institutional investors to the tune of 39.69% at present.
