BSY·Bentley Systems Incorporated Class B
BSY|Analyst Targets
BSY|Insider Trading
BSY|Fundamentals
BSY|Earnings Snapshot
EPS
| Qtr | Est | Actual | +/− |
|---|---|---|---|
| Q3'26 | $0.33 | - | - |
| Q3'25 | $0.27 | $0.27 | -1.0% |
Revenue
| Qtr | Est | Actual | +/− |
|---|---|---|---|
| Q3'26 | $425M | - | - |
| Q3'25 | - | $376M | - |
BSY|Monthly Returns
Market Data
BSY Stock Snapshot
- Market cap
- 10.63B
- P/E ratio
- 36.7
- Day range
- $34.67 – $35.77
- News sentiment
- 50/100 · Neutral
- Analyst target
- $43.93 (+22.8%)
- Consensus
- Buy · 23 analysts
Momentum has flattened on BSY, leaving the next move dependent on news rather than the chart. The stock is liquid enough that positioning changes get absorbed without distorting the trend.
Reverse DCF
What growth is priced into BSY?
At today's price, Bentley Systems Incorporated Class B needs to grow free cash flow about 9.8% a year for the next 10 years to justify its valuation at a 8.66% cost of capital. Over its actual history it has compounded free cash flow at 20.2% a year, so the market is asking for 10.3 percentage points below its own delivered rate. On that basis BSY looks priced below what its own growth record supports.
- Implied FCF growth
- 9.8%
- Historical FCF CAGR
- 20.2%
- Growth gap
- -10.3 pts
- Verdict
- CHEAP
- Discount rate (WACC)
- 8.66%
- Beta
- 0.76
Behaviour On Record
What BSY's own history says about today's numbers
- Realized volatility (21d)
- 39.9% 65th pct
- Below its peak
- -51.9%
- vs 200-day average
- +2.0%
- Up days (1y)
- 44%
Bentley Systems Incorporated Class B is currently running 39.9% annualised volatility over the last 21 sessions. Measured against BSY's own 6 years of daily returns rather than a market-wide average, that is the 65th percentile — a little above its own norm, against a typical reading of 34.8%. The distinction matters because a number that looks calm for one stock is turbulent for another, and the absolute figure on its own tells you neither.
BSY is trading -51.9% below its running peak. Across 5 full years on file, its median worst-drawdown-in-a-year was -35.0%, and the deepest was -42.9% in 2022. The current drawdown is already deeper than this stock's typical annual low point, which puts it in the part of its range where past recoveries began — and where past declines also continued.
Price sits +2.0% from its 200-day moving average. Against every other day in its history, that gap ranks at the 60th percentile — a somewhat wider gap than its own norm. Over the past year BSY closed higher on 44% of sessions, and it is currently 1 session into a rising streak.
On October specifically: over 7 years of records, BSY finished the month higher 3 of 7 times, with a median return of -2.6% and an average of +1.8%. Its strongest month historically has been July at +6.4% on average, its weakest September at -5.7%. Seasonality is a weak signal on its own — a decade is a small sample and regimes change — but it is a real distribution rather than a rule of thumb.
Overnight risk is measurable too: BSY has opened more than 2% away from the prior close in 133 of 1,521 sessions (8.7% of the time), with the largest gaps running +10.4% and -11.5%. For anyone holding through an event, that rate is a better guide to overnight exposure than the intraday range.
All figures computed from 1,522 daily closes between 2020-09-23 and 2026-10-14, split-adjusted, recomputed daily. Percentiles are against BSY's own 6-year history, not a peer group or index.
Sector Rotation
Is money rotating into or out of BSY's sector?
Bentley Systems Incorporated Class B sits in the Software sector, currently ranked 5th of 12 GICS sectors by relative-strength rotation score (weakening). Within its narrower Software industry group, BSY ranks 3rd of 15 tracked industries, weakening.
- Sector rank
- #5 of 12
- Sector state
- Weakening
- Sector rotation score
- 73
- Industry rank
- #3 of 15
Analyst Rating Changes
Are analysts turning bullish or bearish on BSY?
Cantor Fitzgerald most recently initiated coverage on Bentley Systems Incorporated Class B to Overweight on Sep 15, 2026 with a price target of $37. Over the last 90 days, coverage has run 0 upgrades against 0 downgrades, a net mixed lean.
- Latest action
- Cantor Fitzgerald — Overweight
- 90-day upgrades
- 0
- 90-day downgrades
- 0
- Net rating momentum
- 0
ETF holders
ETFs holding BSY
News Sentiment Analysis
Sentiment gathered from recent headlines
Recent News Coverage
Most recent articles, ranked by recency (click to expand).
Technical Analysis
Real-time indicators across multiple timeframes
| Manager | Trend | Shares Held | % of Co. | Position Value | Filed |
|---|---|---|---|---|---|
| Vanguard Group Inc | ▼ Sell | 16,446,317 | 5.42% | $627.67M | 2026-01-29 |
| BlackRock, Inc. | ▼ Sell | 16,067,886 | 5.30% | $480.27M | 2026-08-07 |
| Norges Bank | ▲ Buy | 9,480,213 | 3.13% | $283.36M | 2026-08-12 |
| Morgan Stanley | ▼ Sell | 6,027,027 | 1.99% | $180.15M | 2026-08-13 |
| William Blair Investment Management, LLC | ▲ Buy | 5,942,507 | 1.96% | $177.62M | 2026-08-12 |
| Millennium Management LLC | ▲ Buy | 3,517,855 | 1.16% | $105.15M | 2026-08-14 |
| Geode Capital Management, LLC | ▼ Sell | 3,408,034 | 1.12% | $101.89M | 2026-08-12 |
| Invesco Ltd. | ▲ Buy | 2,611,976 | 0.86% | $78.07M | 2026-08-14 |
| Goldman Sachs Group Inc | ▼ Sell | 1,768,231 | 0.58% | $52.85M | 2026-08-14 |
| Northern Trust Corp | ▼ Sell | 1,462,016 | 0.48% | $43.70M | 2026-08-13 |
| Citigroup Inc | ▲ Buy | 1,193,860 | 0.39% | $35.68M | 2026-08-03 |
| JPMorgan Chase & Co | ▲ Buy | 1,132,466 | 0.37% | $33.81M | 2026-08-12 |
| Wells Fargo & Company | ▼ Sell | 1,077,490 | 0.36% | $32.21M | 2026-08-14 |
| Bank of America Corp | ▲ Buy | 910,239 | 0.30% | $27.21M | 2026-08-14 |
| Point72 Asset Management, L.P. | ▲ Buy | 828,798 | 0.27% | $24.77M | 2026-08-14 |
| Gotham Asset Management, LLC | ▲ Buy | 680,241 | 0.22% | $20.33M | 2026-08-14 |
| Balyasny Asset Management L.P. | ▲ Buy | 372,440 | 0.12% | $11.13M | 2026-08-14 |
| Squarepoint Ops LLC | ▼ Sell | 303,121 | 0.10% | $9.06M | 2026-08-14 |
| Two Sigma Investments, LP | ▼ Sell | 258,218 | 0.09% | $7.72M | 2026-08-14 |
| Baillie Gifford & Co | ▼ Sell | 252,137 | 0.08% | $7.54M | 2026-08-06 |
| Citadel Advisors LLC | ▼ Sell | 244,696 | 0.08% | $7.31M | 2026-09-02 |
| AllianceBernstein L.P. | ▲ Buy | 205,031 | 0.07% | $7.20M | 2026-08-14 |
| Wellington Management Group LLP | ▲ Buy | 233,354 | 0.08% | $6.97M | 2026-08-14 |
| Fisher Asset Management, LLC | ▼ Sell | 226,427 | 0.07% | $6.77M | 2026-08-04 |
| ExodusPoint Capital Management, LP | ▼ Sell | 195,053 | 0.06% | $5.83M | 2026-08-14 |