On Tuesday, Bentley Systems Inc (NASDAQ: BSY) was 0.63% jump from the session before ,before settling in for the closing price of $50.41. A 52-week range for BSY has been $40.89 – $55.37.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Technology sector was 12.27%. When this article was written, the company’s average yearly earnings per share was at 6.04%. With a float of $123.11 million, this company’s outstanding shares have now reached $284.73 million.
Considering the fact that the conglomerate employs 5200 people, you should pay attention to its efficiency factor.
Bentley Systems Inc (BSY) Insider Activity
Also, it is sometimes useful to examine the sentiment of large-scale investors toward Bentley Systems Inc stocks. The insider ownership of Bentley Systems Inc is 58.60%, while institutional ownership is 39.81%. The most recent insider transaction that took place on Mar 07 ’24, was worth 4,400,439. In this transaction Director of this company sold 88,925 shares at a rate of $49.48, taking the stock ownership to the 17,164,179 shares. Before that another transaction happened on Mar 06 ’24, when Company’s Director sold 200,437 for $49.84, making the entire transaction worth $9,989,829. This insider now owns 17,253,104 shares in total.
Bentley Systems Inc (BSY) Earnings and Forecasts
Going through the last 3-months fiscal report unveiled on the 12/30/2023, it has been observed that the corporation posted $0.2 earnings per share (EPS) during the time that was better than consensus figure (set at $0.18) by $0.02. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.24 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 6.04% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 0.80% during the next five years compared to 13.02% growth over the previous five years of trading.
Bentley Systems Inc (NASDAQ: BSY) Trading Performance Indicators
You can see what Bentley Systems Inc (BSY) is doing with its current performance indicators. In the most recent quarter, the stock posted a quick ratio of 0.55. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 12.28. Likewise, its price to free cash flow for the trailing twelve months is 38.51.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.00, a number that is poised to hit 0.26 in the next quarter and is forecasted to reach 1.14 in one year’s time.
Technical Analysis of Bentley Systems Inc (BSY)
Compared to the last year’s volume of 1.05 million, its volume of 1.01 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 38.85%. Additionally, its Average True Range was 1.22.
During the past 100 days, Bentley Systems Inc’s (BSY) raw stochastic average was set at 55.64%, which indicates a significant increase from 51.85% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 22.98% in the past 14 days, which was lower than the 29.67% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $50.78, while its 200-day Moving Average is $50.71. Nevertheless, the first resistance level for the watch stands at $50.88 in the near term. At $51.04, the stock is likely to face the second major resistance level. The third major resistance level sits at $51.30. If the price goes on to break the first support level at $50.46, it is likely to go to the next support level at $50.20. Should the price break the second support level, the third support level stands at $50.04.
Bentley Systems Inc (NASDAQ: BSY) Key Stats
There are 285,789K outstanding shares of the company, which has a market capitalization of 15.08 billion. As of now, sales total 1,228 M while income totals 326,710 K. Its latest quarter income was 310,640 K while its last quarter net income were 179,550 K.
