Bentley SystemsBSY
Market Cap: 14.6B
About: Bentley Systems is a software vendor that caters to engineers, architects, constructors, and geospatial professionals by enabling design, modeling, simulation and project, and data management of infrastructure assets. The firm delivers solutions via the cloud, desktop, and hybrid environments. While Bentley is relatively small in comparison with peers like Autodesk, it shines in core specialty areas, like bridge or rail design, as opposed to being more broad-based in its applications. As of fiscal 2022, approximately 58% of revenue is derived from outside the U.S. (with 28% of revenue coming from EMEA and 18% coming from APAC as of fiscal 2022). Bentley's largest end market is the public works and utilities sector, which represents approximately two thirds of revenue.
Employees: 5,200
Fund manager confidence
Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)
3,956% more call options, than puts
Call options by funds: $20.1M | Put options by funds: $496K
5% more repeat investments, than reductions
Existing positions increased: 137 | Existing positions reduced: 130
2% more capital invested
Capital invested by funds: $6.05B [Q4 2023] → $6.19B (+$139M) [Q1 2024]
0.69% more ownership
Funds ownership: 40.8% [Q4 2023] → 41.49% (+0.69%) [Q1 2024]
0% more funds holding in top 10
Funds holding in top 10: 1 [Q4 2023] → 1 (+0) [Q1 2024]
2% less funds holding
Funds holding: 371 [Q4 2023] → 364 (-7) [Q1 2024]
13% less first-time investments, than exits
New positions opened: 49 | Existing positions closed: 56
Research analyst outlook
8 Wall Street Analysts provided 1 year price forecasts over the past 6 months
8 analyst ratings
Mizuho Matthew Broome | 24%upside $60 | Buy Maintained | 8 May 2024 |
Piper Sandler Clarke Jeffries | 30%upside $63 | Overweight Reiterated | 8 May 2024 |
Rosenblatt Blair Abernethy | 24%upside $60 | Buy Maintained | 30 Apr 2024 |
Piper Sandler Clarke Jeffries | 24%upside $60 | Overweight Reiterated | 11 Mar 2024 |
RBC Capital Matthew Hedberg | 26%upside $61 | Outperform Reiterated | 28 Feb 2024 |
Financial journalist opinion
Based on 3 articles about BSY published over the past 30 days