DailyIQ
Last updated3 minutes ago

BSY·Bentley Systems Incorporated Class B

$35.12
+0.06 (+0.17%)
Overnight$35.77+0.65 (+1.85%)
High
$35.77
Open
$34.93
Market Cap
10.63B
52W High
$52.85
Low
$34.67
P. Close
$35.12
P/E
36.67
52W Low
$28.07
Fwd P/E
22.17
DailyIQ Est.
$45.98
Inst. Ownership
24.9%
Short Interest
5.38%
Days to Cover
5.4
Div. Yield
0.80%
Next Ex-Div
~Dec 21
Technical Score (1D)
59
BULLISH
News Sentiment
50
MIXED
On Oct 13, Bentley Systems announced that it was investing in artificial intelligence to accelerate product development and market penetration. The company outlined plans to integrate AI‑driven analytics into its flagship design tools, with the goal of improving user productivity and shortening project timelines. Management said the AI initiatives were expected to drive incremental revenue growth and strengthen the company’s competitive positioning in the infrastructure and utilities sectors. Analysts reported that the move could lead to higher margins and expanded customer adoption. The announcement was well received by the market, with commentators noting the potential for the AI strategy to enhance Bentley’s competitive advantage.
LOW TARGET
$37 +5.4%
2 analysts
MEAN TARGET
$44 +25.2%
7 analysts
HIGH TARGET
$59 +68.1%
14 analysts
PRICE RANGE
$37.00 - $59.00
SB / B / H / S / SS
6/10/5/1/1
DAILYIQ EST.
$45.98 (+31.0%)
Bought (1Y)
0 shares
$0
Sold (1Y)
35,107 shares
$1.1M
Bentley Barry J.-
Award/Grant3 shares2026-09-29
BENTLEY GREGORY SExecutive Chair & President
Award/Grant3,691 shares2026-09-29
Bentley Keith A.-
Award/Grant1,033 shares2026-09-29
Shaman David R.Chief Legal Officer
Award/Grant469 shares2026-09-29
Griswold Kirk B.-
Award/Grant85 shares2026-09-29
79/ 100
Bullish
Overall: Bullish
✓Revenue growing year over year
✓Positive net margin
✓Positive operating cash flow
Gross Margin
81.5%
Net Margin
18.5%
Revenue CAGR
11.7%
Current Ratio
0.56x
Debt / Equity
1.05x
Return on Equity
23.4%

EPS

EstBeatMiss
$0.26$0.28$0.30$0.32$0.34Q3'25Q3'26
QtrEstActual+/−
Q3'26$0.33 - -
Q3'25$0.27$0.27-1.0%

Revenue

EstBeatMiss
$368M$384M$400M$416M$432MQ3'25Q3'26
QtrEstActual+/−
Q3'26$425M - -
Q3'25 - $376M -

Market Data

BSY Stock Snapshot

NEUTRAL59/100
$35.77+$0.65 (1.9%)
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
52-week range+27.4% off low · -32.3% from high
$28.07$52.85
Price $35.77 DailyIQ Est. $45.98

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?

CHEAP

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

Options Market

What is the options market pricing for BSY?

CallsPuts

For Bentley Systems Incorporated Class B's nearest expiry (2026-10-16, 1 days out), open interest is put-heavy, a defensive/bearish tilt (put/call ratio of 2.21), with at-the-money implied volatility around 92.2%. The options market is pricing roughly a ±4.8% move by that expiry — a range of about $33.15–$36.49.

Put/call ratio (2026-10-16)
2.21
ATM implied volatility
92.2%
Total open interest
705
Expected move by 2026-10-16
±4.8% ($33.15–$36.49)

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
DateFirmActionRatingPrice target
Sep 15, 2026Cantor FitzgeraldInitiatedOverweight$37
Aug 10, 2026RosenblattMaintainedBuy$50
Aug 7, 2026Piper SandlerMaintainedOverweight$45
Jun 18, 2026BNP ParibasInitiatedOutperform$40
May 29, 2026BarclaysMaintainedEqual-Weight$49 → $40
May 8, 2026MizuhoMaintainedOutperform$50 → $45
May 8, 2026Piper SandlerUpgradeNeutral → Overweight$42 → $45
May 4, 2026UBSMaintainedNeutral$43 → $40
Mar 6, 2026BarclaysMaintainedEqual-Weight$47 → $49
Mar 2, 2026Piper SandlerMaintainedNeutral$45 → $42
Feb 27, 2026UBSMaintainedNeutral$40 → $43
Feb 27, 2026MizuhoMaintainedOutperform$62 → $50

ETF holders

ETFs holding BSY

News Sentiment Analysis

Sentiment gathered from recent headlines

50/100
Strong NegativeNeutralStrong Positive
MIXED

Recent News Coverage

Most recent articles, ranked by recency (click to expand).

10+ articles
What did this article say?
Bentley Systems, a niche software provider for engineering and construction, highlighted its strategic focus on artificial intelligence to accelerate product development and market penetration. The company outlined plans to integrate AI-driven analytics into its flagship design tools, aiming to enhance user productivity and reduce project timelines. Management emphasized that the AI initiatives are expected to drive incremental revenue growth and strengthen competitive positioning in the infrastructure and utilities sectors. The announcement was well-received by analysts, who noted the potential for higher margins and expanded customer adoption.
What did this article say?
Bentley Systems, Inc. (BSY) announced that it would publish its third‑quarter 2026 earnings report on November 5, 2026, ahead of the market open. The company scheduled a senior‑management webcast at 8:15 a.m. ET to discuss the results, with the press release and webcast link posted on its investor‑relations website. No guidance or performance updates were provided in the announcement, indicating a routine earnings release. The disclosure does not signal any material change in the company’s financial outlook.
What did this article say?
Bentley Systems, Inc. (BSY) announced the winners of its 2026 Year in Infrastructure Awards on October 7, 2026. The event honored more than 300 nominated projects from 53 countries across 12 categories, highlighting the use of BSY software to accelerate design, construction, and operation of infrastructure. Award recipients demonstrated advanced AI integration, linking data across lifecycle phases and engineering disciplines. The announcement underscored BSY’s continued leadership in digital infrastructure solutions and its role in fostering innovation within the industry.
What did this article say?
Shares of Bentley Systems rose 5.1% in pre‑market trading after Schneider Electric announced its $23.7 billion all‑cash acquisition of PTC. The deal, which values PTC at $22.6 billion and offers a 42% premium, signals heightened demand for engineering software platforms. Investors interpreted the transaction as a catalyst for higher valuation multiples across the industrial software sector, lifting sentiment for comparable companies such as Bentley Systems. The move does not directly affect Bentley’s financials but suggests a favorable market environment for its product suite.
What did this article say?
Bentley Systems (BSY) announced that its deterministic engineering software is increasingly integrated with artificial‑intelligence capabilities, enhancing predictive accuracy for structural load and wind resistance analyses. The company highlighted that AI adoption is driving higher customer retention and expanding its market share in the civil engineering sector. Management noted that the new AI features are expected to accelerate product development cycles and reduce time‑to‑market for clients. The integration is positioned as a strategic advantage that could support future revenue growth and justify a higher valuation for the firm.
What did this article say?
Bentley Systems (BSY) reported a trailing 12‑month free cash flow margin of 31.1%, yet its average annual recurring revenue growth of 12.3% fell short of expectations, indicating difficulty securing long‑term contracts. Projected sales growth for the next year was only 11.1%, reflecting muted demand in its infrastructure software market. Operating margin remained flat over the past year, suggesting limited improvement in cost efficiency. These factors combine to cast doubt on the company’s ability to sustain its cash‑generating performance.
What did this article say?
Bentley Systems (BSY) reported a 12.3% year‑on‑year decline in annual recurring revenue (ARR) for Q2, reflecting softer demand for its software subscriptions. The company’s projected revenue growth for the year was modest, suggesting limited upside in the near term. Analysts highlighted increasing competition and a lack of confidence in the firm’s ability to secure long‑term contracts. These factors contributed to a negative outlook for the stock, prompting recommendations to avoid BSY in favor of alternative investments.
What did this article say?
Bentley Systems (BSY) was highlighted as a stock under $50 that may struggle, with analysts citing disappointing annual recurring revenue growth of 12.3% and a projected sales increase of only 11.2% for the next year. The company’s operating margin remained flat, indicating limited efficiency gains. These factors suggest potential challenges in securing long‑term deals and renewals, raising concerns about the firm’s future growth trajectory.
What did this article say?
Bentley Systems announced a $0.07 per share cash dividend for Q3 2026 and opened a new technology hub in Philadelphia’s Curtis Center, integrating Cesium’s 3D geospatial engine with its iTwin Platform. The dividend provides a modest yield boost, while the hub positions BSY to deepen its 3D digital twin capabilities and attract talent in a growing niche. The move could support future revenue growth from advanced geospatial solutions, though the immediate financial impact is limited.
What did this article say?
Cantor Fitzgerald has upgraded Bentley Systems to an overweight rating and set a $37 price target, signaling confidence in the company’s growth prospects. The firm cited strong demand for its software solutions in the infrastructure and construction sectors, as well as recent contract wins that could lift revenue. The upgrade follows a broader positive sentiment among analysts, with a mean price target of $44.07 across the market.

Technical Analysis

Real-time indicators across multiple timeframes

59
NEUTRAL
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Institutional & Hedge Fund Ownership
25 tracked managers · $2.37B combined position · 12 adding, 13 trimming, 0 unchanged (latest 13F filings)
ManagerTrendShares Held% of Co.Position ValueFiled
Vanguard Group Inc▼ Sell16,446,3175.42%$627.67M2026-01-29
BlackRock, Inc.▼ Sell16,067,8865.30%$480.27M2026-08-07
Norges Bank▲ Buy9,480,2133.13%$283.36M2026-08-12
Morgan Stanley▼ Sell6,027,0271.99%$180.15M2026-08-13
William Blair Investment Management, LLC▲ Buy5,942,5071.96%$177.62M2026-08-12
Millennium Management LLC▲ Buy3,517,8551.16%$105.15M2026-08-14
Geode Capital Management, LLC▼ Sell3,408,0341.12%$101.89M2026-08-12
Invesco Ltd.▲ Buy2,611,9760.86%$78.07M2026-08-14
Goldman Sachs Group Inc▼ Sell1,768,2310.58%$52.85M2026-08-14
Northern Trust Corp▼ Sell1,462,0160.48%$43.70M2026-08-13
Citigroup Inc▲ Buy1,193,8600.39%$35.68M2026-08-03
JPMorgan Chase & Co▲ Buy1,132,4660.37%$33.81M2026-08-12
Wells Fargo & Company▼ Sell1,077,4900.36%$32.21M2026-08-14
Bank of America Corp▲ Buy910,2390.30%$27.21M2026-08-14
Point72 Asset Management, L.P.▲ Buy828,7980.27%$24.77M2026-08-14
Gotham Asset Management, LLC▲ Buy680,2410.22%$20.33M2026-08-14
Balyasny Asset Management L.P.▲ Buy372,4400.12%$11.13M2026-08-14
Squarepoint Ops LLC▼ Sell303,1210.10%$9.06M2026-08-14
Two Sigma Investments, LP▼ Sell258,2180.09%$7.72M2026-08-14
Baillie Gifford & Co▼ Sell252,1370.08%$7.54M2026-08-06
Citadel Advisors LLC▼ Sell244,6960.08%$7.31M2026-09-02
AllianceBernstein L.P.▲ Buy205,0310.07%$7.20M2026-08-14
Wellington Management Group LLP▲ Buy233,3540.08%$6.97M2026-08-14
Fisher Asset Management, LLC▼ Sell226,4270.07%$6.77M2026-08-04
ExodusPoint Capital Management, LP▼ Sell195,0530.06%$5.83M2026-08-14
Q2 2026 flow:15.47M sh bought ($462.61M)4.95M sh sold ($148.04M)net +10.52M sh (+$314.58M)