Bentley Systems (NASDAQ:BSY) Shares Climb 9.5% After Better-Than-Expected Earnings

Shares of Bentley Systems, Incorporated (NASDAQ:BSY) rose 9.5% during trading on Thursday following a better than expected earnings announcement. The stock traded as high as $47.53 and last traded at $47.77. 1,746,114 shares traded hands during 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 for the quarter, topping the consensus estimate of $0.33 by $0.03. Bentley Systems had a return on equity of 28.43% and a net margin of 18.10%. The firm had revenue of $421.51 million for the quarter, compared to the consensus estimate of $420.69 million. During the same period in the prior year, the business posted $0.27 earnings per share. The company’s revenue for the quarter was up 12.2% on a year-over-year basis.

Bentley Systems Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 22nd were paid a $0.07 dividend. The ex-dividend date was Tuesday, September 22nd. This represents a $0.28 dividend on an annualized basis and a yield of 0.6%. Bentley Systems’s dividend payout ratio (DPR) is presently 30.77%.

Key Stories Impacting Bentley Systems

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

Analyst Upgrades and Downgrades

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

Insider Buying and Selling

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

Institutional Investors Weigh In On Bentley Systems

A number of institutional investors and hedge funds have recently modified their holdings of BSY. Arrowstreet Capital Limited Partnership lifted its holdings in Bentley Systems by 253.6% in the first quarter. Arrowstreet Capital Limited Partnership now owns 4,781,449 shares of the company’s stock valued at $167,924,000 after acquiring an additional 3,429,087 shares during the period. Pictet Asset Management Holding SA increased its holdings in shares of Bentley Systems by 19.9% during the 3rd quarter. Pictet Asset Management Holding SA now owns 5,235,307 shares of the company’s stock valued at $167,260,000 after purchasing an additional 867,821 shares in the last quarter. Bessemer Group Inc. increased its holdings in shares of Bentley Systems by 36.2% during the 1st quarter. Bessemer Group Inc. now owns 2,600,241 shares of the company’s stock valued at $91,320,000 after purchasing an additional 691,806 shares in the last quarter. Bank of New York Mellon Corp acquired a new position in shares of Bentley Systems in the 2nd quarter valued at $78,738,000. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Bentley Systems by 12.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,327,900 shares of the company’s stock valued at $46,628,000 after purchasing an additional 143,863 shares during the period. Institutional investors and hedge funds own 44.16% of the company’s stock.

Bentley Systems Stock Performance

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

Bentley Systems Company Profile

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.