Bentley Systems (BSY) to Release Earnings on Wednesday

Bentley Systems (NASDAQ:BSY - Get Free Report) will likely be announcing its earnings results before the market opens on Wednesday, February 26th. Analysts expect the company to announce earnings of $0.22 per share and revenue of $349.99 million for the quarter. Investors that wish to register for the company's conference call can do so using this link.

Bentley Systems Stock Down 2.0 %

Shares of NASDAQ:BSY traded down $0.94 during midday trading on Friday, reaching $45.59. The company's stock had a trading volume of 946,731 shares, compared to its average volume of 983,943. The firm has a 50 day moving average of $46.75 and a 200-day moving average of $48.41. The firm has a market capitalization of $13.25 billion, a P/E ratio of 41.07, a PEG ratio of 3.52 and a beta of 1.03. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 1.37. Bentley Systems has a 12-month low of $43.82 and a 12-month high of $57.19.

Insider Buying and Selling at Bentley Systems

In related news, Director Keith A. Bentley sold 1,152 shares of the firm's stock in a transaction on Friday, January 24th. The shares were sold at an average price of $46.33, for a total value of $53,372.16. Following the completion of the transaction, the director now directly owns 16,703,876 shares of the company's stock, valued at approximately $773,890,575.08. This trade represents a 0.01 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 21.12% of the company's stock.

Analysts Set New Price Targets

BSY has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. initiated coverage on shares of Bentley Systems in a report on Monday, December 9th. They set a "neutral" rating and a $52.00 price target on the stock. Piper Sandler dropped their price target on shares of Bentley Systems from $65.00 to $57.00 and set an "overweight" rating on the stock in a report on Wednesday, January 8th. Finally, Rosenblatt Securities reaffirmed a "buy" rating and set a $62.00 price target on shares of Bentley Systems in a report on Friday, November 8th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, Bentley Systems presently has an average rating of "Moderate Buy" and an average price target of $57.00.

About Bentley Systems

Bentley Systems, Incorporated, together with its subsidiaries, provides infrastructure engineering software solutions in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. The company offers open modeling engineering applications, such as MicroStation, OpenBridge, OpenBuildings, OpenCities, OpenComms, OpenFlows, OpenPlant, OpenRail, OpenRoads, OpenSite, OpenTower, OpenTunnel, OpenUtilities, and OpenWindowPower; and open simulation engineering applications, including ADINA, AutoPIPE, CUBE, DYNAMEQ, EMME, LEGION, Power Line Systems, RAM, SACS, SPIDA, and STAAD; and geoprofessional applications for modeling and simulation of near and deep subsurface conditions, including AGS, Central, GeoStudio, Imago, Leapfrog, MX Deposit, Oasis montaj, OpenGround, and PLAXIS.