Bentley Systems (NASDAQ:BSY) Stock Jumps 9.5% Following Strong Earnings

Bentley Systems, Incorporated (NASDAQ:BSY)’s stock price rose 9.5% during mid-day trading on Thursday following a stronger than expected earnings report. The company traded as high as $47.53 and last traded at $47.77. Approximately 1,746,114 shares were traded during mid-day trading, a decline of 39% from the average daily volume of 2,841,778 shares. The stock had previously closed at $43.64.

The company reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.03. Bentley Systems had a net margin of 18.10% and a return on equity of 28.43%. The business had revenue of $421.51 million for the quarter, compared to analyst estimates of $420.69 million. During the same period in the prior year, the company posted $0.27 EPS. The company’s revenue for the quarter was up 12.2% on a year-over-year basis.

Bentley Systems Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 29th. Investors of record on Tuesday, September 22nd were paid a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 0.6%. The ex-dividend date was Tuesday, September 22nd. Bentley Systems’s payout ratio is currently 30.77%.

Key Bentley Systems News

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

• Positive Sentiment: Bentley reported adjusted earnings of $0.36 per share, beating the $0.33 consensus estimate. Revenue of $421.51 million also narrowly exceeded expectations and increased 12.2% year over year. The company also raised its ARR outlook, reinforcing the growth outlook. Bentley Systems Q3 2026: EPS beats, ARR outlook raised
• Positive Sentiment: Seequent, Bentley’s subsurface software business, agreed to acquire Eliis to expand its subsurface software portfolio. Seequent buys Eliis to boost subsurface software portfolio
• Neutral Sentiment: Director Raymond Bentley sold 344,203 shares for about $13.9 million under a pre-arranged Rule 10b5-1 plan. He retained roughly 14.3 million shares after the sale, tempering the signal from the transaction. Bentley Systems Director Sells $13,850,728.72 in Stock

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Piper Sandler reiterated an “overweight” rating and set a $45.00 price target on shares of Bentley Systems in a research report on Friday, August 7th. Weiss Ratings upgraded Bentley Systems from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, October 19th. Rosenblatt Securities reaffirmed a “buy” rating and set a $50.00 target price on shares of Bentley Systems in a research note on Tuesday, October 27th. BMO Capital Markets increased their target price on Bentley Systems from $41.00 to $43.00 and gave the company an “outperform” rating in a research report on Friday, August 7th. Finally, Cantor Fitzgerald increased their target price on Bentley Systems from $37.00 to $42.00 and gave the company an “overweight” rating in a research report on Friday, October 16th. Ten analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $44.77.

Insider Buying and Selling at Bentley Systems

In related news, Director Raymond Bentley sold 344,203 shares of the company’s stock in a transaction dated Friday, October 30th. The shares were sold at an average price of $40.24, for a total transaction of $13,850,728.72. Following the completion of the transaction, the director owned 14,316,404 shares in the company, valued at $576,092,096.96. This represents a 2.35% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 500,000 shares of company stock worth $20,089,565. 20.27% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Bentley Systems

Several institutional investors have recently bought and sold shares of the company. Yousif Capital Management LLC increased its stake in Bentley Systems by 0.7% during the 3rd quarter. Yousif Capital Management LLC now owns 41,229 shares of the company’s stock worth $1,317,000 after buying an additional 298 shares in the last quarter. Diversify Advisory Services LLC lifted its position in shares of Bentley Systems by 1.6% in the third quarter. Diversify Advisory Services LLC now owns 20,930 shares of the company’s stock valued at $669,000 after acquiring an additional 327 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Bentley Systems by 8.8% in the third quarter. GAMMA Investing LLC now owns 4,528 shares of the company’s stock valued at $145,000 after acquiring an additional 366 shares in the last quarter. Liontrust Investment Partners LLP boosted its stake in shares of Bentley Systems by 7.4% in the first quarter. Liontrust Investment Partners LLP now owns 7,349 shares of the company’s stock worth $258,000 after acquiring an additional 505 shares during the last quarter. Finally, State of Alaska Department of Revenue boosted its stake in shares of Bentley Systems by 0.8% in the third quarter. State of Alaska Department of Revenue now owns 67,528 shares of the company’s stock worth $2,156,000 after acquiring an additional 534 shares during the last quarter. 44.16% of the stock is currently owned by institutional investors and hedge funds.

Bentley Systems Price Performance

The company has a debt-to-equity ratio of 1.01, a current ratio of 0.59 and a quick ratio of 0.59. The stock has a market capitalization of $13.90 billion, a price-to-earnings ratio of 52.56, a price-to-earnings-growth ratio of 2.63 and a beta of 0.98. The stock has a 50 day moving average price of $35.31 and a 200-day moving average price of $34.45.

About Bentley Systems

Bentley Systems, Incorporated is a software company that develops solutions for the design, construction, and operation of infrastructure. Its customers include engineers, architects, geospatial professionals, construction firms, and infrastructure owner-operators in sectors such as transportation, water, utilities, industrial facilities, and buildings.

The company’s product portfolio includes MicroStation for infrastructure design, ProjectWise for project collaboration, AssetWise for asset performance and operations, and SYNCHRO for construction management.