Bentley Systems (BSY) Stock Insights
BSY$39.43+0.11 +0.28%
$11.46B
Market Cap
43.30
P/E
28.13
Forward P/E
54
Score
Bentley Systems (BSY) Stock Insights
BSY price $39.43 +0.11 +0.28%
- Ticker
- BSY
- Price
- $39.43
- Change
- +0.11 +0.28%
- Market cap ?
- $11.46B
- P/E ?
- 43.30
- Forward P/E ?
- 28.13
- Dividend yield ?
- 0.70%
- Beta ?
- 1.00
- Sector
- Technology
- Industry
- Software - Application
- Stocklytics score
- 54
- Value
- 47
- Quality
- 58
- Growth
- 56
Stocklytics score rationale: value 47, quality 58, growth 56.
Financials
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| 691710000 | 736654000 | 801544000 | 965046000 | 1099082000 | 1228413000 | 1353095000 | 1501779000 |
Bentley Systems, Inc., along with its affiliated companies, delivers specialized software solutions for infrastructure engineering across a global footprint, encompassing the Americas, Europe, the Middle East, Africa, and the Asia-Pacific regions. Its offerings encompass open modeling and simulation software for integrated infrastructure design, featuring tools such as MicroStation, OpenRoads, OpenRail, OpenPlant…
Fair value
BSY fair value $38.56. Price $39.43. Price is about fair value.
Above fair value, but less expensive than usual. A smaller premium than on 86% of days in the past 5 years.
Fair value is an estimate of what one share is worth if future cash flows arrive as modeled. It is not a forecast of the share price. How discounted cash flow works.
Calculated with a 10-year free-cash-flow discount. Starting free cash flow 498.50M. Growth 16.08%. When analyst earnings forecasts are available, free cash flow in those years is forecast earnings times the company's usual conversion of earnings into free cash flow, kept between 60% and 130%. Years with fewer than 3 analyst estimates are left out. Growth then fades in a straight line to terminal growth by year 10, starting from the last well-covered year's growth, or from the pace across those years when the final year slows sharply, kept between 0% and 20%. Without those forecasts, year-1 growth is analyst revenue growth for the next full fiscal year, or 5-year historical revenue growth when that forecast is missing, held for five years, then fading in a straight line to terminal growth by year 10. Terminal growth 3.00%. Discount rate 9.78% (beta 1.0). Beta is kept between 0.8 and 2.0, which on its own would make the discount rate 8.7% to 15.3%. The rate is then capped at 12%. A cap is used because a discount above 12% pushes higher-beta stocks further from the price. The discount rate stays at least 5 percentage points above terminal growth. Shares 290.58M. Net debt 1.16B. The earnings value is next-12-months earnings per share, or trailing earnings when that forecast is missing, times the median P/E of the company's industry. That median uses listed stocks worth at least $10 billion with a positive P/E of 100 or below, and the industry needs at least eight of them. Otherwise the sector median is used when that group also has at least eight, then the market median of those large companies. The multiple used is the lower of that median and 1.25 times the stock's own 10-year median P/E, then kept between 8 and 30. If the stock has no 10-year median, the peer median is kept between 8 and 30. Fair value is the average of the cash-flow value and the earnings value when both exist. Card and credit companies use the earnings value only, because changes in customer receivables distort free cash flow. Model uncertainty is high when fair value is more than 60% from the price, or when most of the cash-flow value sits after year 10.
Earnings
| Date | EPS actual | EPS estimate | Revenue | Revenue estimate |
|---|---|---|---|---|
| 2026-11-05 | — | 0.33 | — | 420.56M |
| 2026-08-06 | 0.35 | 0.32 | 410.73M | 412.12M |
| 2026-05-07 | 0.38 | 0.36 | 424.18M | 419.79M |
| 2026-02-26 | 0.27 | 0.26 | 391.58M | 381.79M |
| 2025-11-05 | 0.27 | 0.27 | 375.55M | 369.80M |
| 2025-08-06 | 0.32 | 0.28 | 364.11M | 363.63M |
| 2025-05-07 | 0.35 | 0.30 | 370.54M | 366.30M |
| 2025-02-26 | 0.21 | 0.22 | 349.82M | 350.37M |
| 2024-11-07 | 0.24 | 0.24 | 335.17M | 340.36M |
| 2024-08-06 | 0.31 | 0.23 | 330.34M | 325.08M |
| 2024-05-07 | 0.31 | 0.26 | 337.76M | 340.09M |
| 2024-02-27 | 0.20 | 0.19 | 310.64M | 313.23M |
| 2023-11-07 | 0.22 | 0.19 | 306.61M | 299.91M |
| 2023-08-08 | 0.24 | 0.19 | 296.75M | 295.19M |
| 2023-05-09 | 0.25 | 0.21 | 314.41M | 298.65M |
| 2023-02-28 | 0.19 | 0.19 | 286.95M | 280.00M |
| 2022-11-08 | 0.19 | 0.17 | 268.33M | 271.02M |
| 2022-08-09 | 0.22 | 0.17 | 268.29M | 267.01M |
| 2022-05-10 | 0.24 | 0.20 | 275.52M | 268.19M |
| 2022-03-01 | 0.23 | 0.16 | 267.73M | 262.45M |
| 2021-11-09 | 0.17 | 0.16 | 248.48M | 247.66M |
| 2021-08-10 | 0.23 | 0.14 | 222.93M | 183.92M |
| 2021-05-11 | 0.20 | 0.16 | 222.00M | 166.50M |
| 2021-03-02 | 0.17 | 0.16 | 219.57M | — |
| 2020-11-10 | 0.17 | 0.12 | 203.00M | 140.54M |
| 2020-08-07 | 0.11 | — | 194.69M | — |
| 2020-06-30 | 0.15 | — | 184.29M | — |
| 2020-03-09 | 0.08 | — | 186.59M | — |
| 2019-12-31 | 0.14 | — | 202.92M | — |
| 2019-06-30 | 0.08 | — | 173.57M | — |
| 2019-03-31 | 0.08 | — | 173.57M | — |
| 2018-12-31 | 0.21 | — | 176.75M | — |
Dividends
Yield 0.71%. Payout ratio 29.28%. Frequency Quarterly.
Safety score 84/100 · Safe. Payout ratio is 29% of earnings. Dividends use less than 40% of free cash flow. Dividends were paid in 7 separate years. Yield is 0.7%, which is modest.
| Ex-date | Dividend | Record | Payment | Frequency |
|---|---|---|---|---|
| 2026-09-22 | $0.07 | 2026-09-22 | 2026-09-29 | Quarterly |
| 2026-06-02 | $0.07 | 2026-06-02 | 2026-06-11 | Quarterly |
| 2026-03-10 | $0.07 | 2026-03-10 | 2026-03-19 | Quarterly |
| 2025-12-04 | $0.07 | 2025-12-04 | 2025-12-11 | Quarterly |
| 2025-09-23 | $0.07 | 2025-09-23 | 2025-09-30 | Quarterly |
| 2025-06-03 | $0.07 | 2025-06-03 | 2025-06-12 | Quarterly |
| 2025-03-19 | $0.07 | 2025-03-19 | 2025-03-27 | Quarterly |
| 2024-12-03 | $0.06 | 2024-12-03 | 2024-12-12 | Quarterly |
| 2024-09-17 | $0.06 | 2024-09-17 | 2024-09-26 | Quarterly |
| 2024-06-04 | $0.06 | 2024-06-04 | 2024-06-13 | Quarterly |
| 2024-03-19 | $0.06 | 2024-03-20 | 2024-03-28 | Quarterly |
| 2023-12-01 | $0.05 | 2023-12-04 | 2023-12-14 | Quarterly |
| 2023-08-14 | $0.05 | 2023-08-15 | 2023-08-24 | Quarterly |
| 2023-06-07 | $0.05 | 2023-06-08 | 2023-06-20 | Quarterly |
| 2023-02-17 | $0.05 | 2023-02-21 | 2023-03-07 | Quarterly |
| 2022-11-29 | $0.03 | 2022-11-30 | 2022-12-08 | Quarterly |
| 2022-09-07 | $0.03 | 2022-09-08 | 2022-09-14 | Quarterly |
| 2022-06-08 | $0.03 | 2022-06-09 | 2022-06-23 | Quarterly |
| 2022-03-07 | $0.03 | 2022-03-08 | 2022-03-15 | Quarterly |
| 2021-12-08 | $0.03 | 2021-12-09 | 2021-12-16 | Quarterly |
| 2021-08-31 | $0.03 | 2021-09-01 | 2021-09-09 | Quarterly |
| 2021-06-07 | $0.03 | 2021-06-08 | 2021-06-15 | Quarterly |
| 2021-03-09 | $0.03 | 2021-03-10 | 2021-03-24 | Quarterly |
| 2020-12-04 | $0.03 | 2020-12-07 | 2020-12-22 | Quarterly |
Insider trades
| Date | Insider | Action | Shares | Price | Value |
|---|---|---|---|---|---|
| 2026-10-26 | Bentley Raymond B. | Sell | 139.13K | $40.05 | 5.57M |
| 2026-10-25 | Trimback Thomas F | Sell | 74 | $39.70 | 2.94K |
| 2026-10-23 | Bentley Raymond B. | Sell | 16.66K | $40.00 | 666.49K |
| 2026-10-22 | BENTLEY GREGORY S | Buy | 63.79K | $39.41 | 2.51M |
| 2026-10-22 | BENTLEY GREGORY S | Sell | 27.90K | $39.41 | 1.10M |
| 2026-09-29 | Andre Werner | Buy | 199 | — | — |
| 2026-09-29 | Trimback Thomas F | Buy | 23 | — | — |
| 2026-09-29 | Bentley Raymond B. | Buy | 2.04K | — | — |
| 2026-09-29 | Rahden Andrew | Buy | 174 | — | — |
| 2026-09-29 | Cumins Nicholas | Buy | 737 | — | — |
| 2026-09-29 | Moutte Julien | Buy | 106 | — | — |
| 2026-09-29 | Lee James K | Buy | 402 | — | — |
| 2026-09-29 | Griswold Kirk B. | Buy | 85 | — | — |
| 2026-09-29 | Shaman David R. | Buy | 469 | — | — |
| 2026-09-29 | Bentley Keith A. | Buy | 1.03K | — | — |
| 2026-09-29 | BENTLEY GREGORY S | Buy | 3.69K | — | — |
| 2026-09-29 | Bentley Barry J. | Buy | 3 | — | — |
| 2026-09-10 | Rahden Andrew | Other | 0 | — | — |
| 2026-08-31 | Shaman David R. | Sell | 6.67K | $36.75 | 244.94K |
| 2026-08-27 | BENTLEY GREGORY S | Sell | 13.19K | — | — |
| 2026-08-12 | BENTLEY GREGORY S | Sell | 703 | — | — |
| 2026-08-12 | BENTLEY GREGORY S | Sell | 281 | — | — |
| 2026-08-02 | Shaman David R. | Sell | 1.04K | $35.68 | 37.11K |
| 2026-07-23 | BENTLEY GREGORY S | Buy | 61.04K | $30.12 | 1.84M |
| 2026-07-23 | BENTLEY GREGORY S | Sell | 26.70K | $30.12 | 804.14K |
| 2026-07-08 | Shaman David R. | Sell | 704 | $31.65 | 22.28K |
| 2026-06-11 | Andre Werner | Buy | 301 | — | — |
| 2026-06-11 | Trimback Thomas F | Buy | 42 | — | — |
| 2026-06-11 | Bentley Raymond B. | Buy | 2.08K | — | — |
| 2026-06-11 | Cumins Nicholas | Buy | 878 | — | — |
| 2026-06-11 | Moutte Julien | Buy | 201 | — | — |
| 2026-06-11 | Lee James K | Buy | 466 | — | — |
| 2026-06-11 | Griswold Kirk B. | Buy | 86 | — | — |
| 2026-06-11 | Bentley Keith A. | Buy | 1.05K | — | — |
| 2026-06-11 | Ballard Brock | Buy | 202 | — | — |
| 2026-06-11 | Bentley Barry J. | Buy | 3 | — | — |
| 2026-06-11 | BENTLEY GREGORY S | Buy | 3.75K | — | — |
| 2026-06-11 | Shaman David R. | Buy | 620 | — | — |
| 2026-05-21 | Griswold Kirk B. | Buy | 6.75K | — | — |
| 2026-05-21 | HAUGEN JANET BRUTSCHEA | Buy | 6.75K | — | — |
| 2026-05-21 | Hughes Brian F. | Buy | 6.75K | — | — |
| 2026-05-03 | Shaman David R. | Sell | 5.29K | $33.58 | 177.54K |
| 2026-04-23 | BENTLEY GREGORY S | Buy | 62.03K | $32.65 | 2.03M |
| 2026-04-23 | BENTLEY GREGORY S | Sell | 27.13K | $32.65 | 885.89K |
| 2026-04-01 | Moutte Julien | Sell | 3.01K | $34.20 | 102.84K |
| 2026-03-29 | Trimback Thomas F | Sell | 172 | $34.76 | 5.98K |
| 2026-03-19 | Trimback Thomas F | Buy | 35 | — | — |
| 2026-03-19 | Moutte Julien | Buy | 173 | — | — |
| 2026-03-19 | Griswold Kirk B. | Buy | 70 | — | — |
| 2026-03-19 | Lee James K | Buy | 375 | — | — |
| 2026-03-19 | Cumins Nicholas | Buy | 707 | — | — |
| 2026-03-19 | Bentley Raymond B. | Buy | 1.67K | — | — |
| 2026-03-19 | Bentley Keith A. | Buy | 845 | — | — |
| 2026-03-19 | BENTLEY GREGORY S | Buy | 3.02K | — | — |
| 2026-03-19 | Andre Werner | Buy | 243 | — | — |
| 2026-03-19 | Shaman David R. | Buy | 546 | — | — |
| 2026-03-19 | Bentley Barry J. | Buy | 3 | — | — |
| 2026-03-19 | Ballard Brock | Buy | 163 | — | — |
| 2026-03-17 | Moutte Julien | Sell | 431 | $37.88 | 16.33K |
| 2026-03-17 | Shaman David R. | Sell | 984 | $37.88 | 37.27K |
| 2026-03-17 | Ballard Brock | Sell | 293 | $37.88 | 11.10K |
| 2026-03-17 | Andre Werner | Sell | 1.50K | $37.88 | 56.93K |
| 2026-03-17 | Cumins Nicholas | Sell | 2.43K | $37.88 | 92.05K |
| 2026-03-13 | Cumins Nicholas | Sell | 6.63K | $38.19 | 253.05K |
| 2026-03-13 | Moutte Julien | Sell | 4.98K | $38.19 | 190.11K |
| 2026-03-13 | Lee James K | Sell | 747 | $38.19 | 28.53K |
| 2026-03-13 | Shaman David R. | Sell | 4.59K | $38.19 | 175.18K |
| 2026-03-13 | Ballard Brock | Sell | 4.15K | $38.19 | 158.37K |
| 2026-03-13 | Andre Werner | Sell | 5.10K | $38.19 | 194.62K |
| 2026-03-13 | Trimback Thomas F | Sell | 451 | $38.19 | 17.22K |
| 2026-03-12 | Bentley Raymond B. | Sell | 250.00K | — | — |
| 2026-03-10 | BENTLEY GREGORY S | Sell | 100 | $40.01 | 4.00K |
| 2026-03-06 | Lee James K | Buy | 12.61K | — | — |
| 2026-03-06 | Lee James K | Buy | 36.30K | — | — |
| 2026-03-06 | Moutte Julien | Buy | 20.49K | — | — |
| 2026-03-06 | Cumins Nicholas | Buy | 28.11K | — | — |
| 2026-03-06 | Cumins Nicholas | Buy | 74.84K | — | — |
| 2026-03-06 | Trimback Thomas F | Buy | 3.98K | — | — |
| 2026-03-06 | Andre Werner | Buy | 21.71K | — | — |
| 2026-03-06 | Ballard Brock | Buy | 19.77K | — | — |
| 2026-03-06 | Shaman David R. | Buy | 18.77K | — | — |
| 2026-03-03 | BENTLEY GREGORY S | Sell | 672 | — | — |
| 2026-03-03 | BENTLEY GREGORY S | Sell | 672 | — | — |
| 2026-01-30 | Trimback Thomas F | Sell | 300 | $35.12 | 10.54K |
| 2026-01-23 | BENTLEY GREGORY S | Buy | 36.77K | $38.84 | 1.43M |
| 2026-01-23 | BENTLEY GREGORY S | Sell | 16.08K | $38.84 | 624.59K |
| 2026-01-23 | Shaman David R. | Buy | 18.46K | $38.84 | 716.83K |
| 2026-01-23 | Shaman David R. | Sell | 5.48K | $38.84 | 212.77K |
| 2026-01-23 | Ballard Brock | Buy | 17.34K | $38.84 | 673.60K |
| 2026-01-23 | Ballard Brock | Sell | 4.98K | $38.84 | 193.31K |
| 2026-01-23 | Trimback Thomas F | Buy | 3.65K | $38.84 | 141.84K |
| 2026-01-23 | Trimback Thomas F | Sell | 1.23K | $38.84 | 47.93K |
| 2026-01-23 | Cumins Nicholas | Buy | 24.53K | $38.84 | 952.82K |
| 2026-01-23 | Cumins Nicholas | Sell | 10.40K | $38.84 | 404.01K |
| 2026-01-23 | Andre Werner | Buy | 20.66K | $38.84 | 802.40K |
| 2026-01-23 | Andre Werner | Sell | 6.10K | $38.84 | 237.04K |
| 2026-01-23 | Moutte Julien | Buy | 17.24K | $38.84 | 669.60K |
| 2026-01-23 | Moutte Julien | Sell | 8.46K | $38.84 | 328.55K |
| 2026-01-23 | Lee James K | Buy | 12.40K | $38.84 | 481.46K |
| 2026-01-23 | Lee James K | Sell | 3.27K | $38.84 | 127.01K |
Institutional holders
Latest filed quarter: Q2 2026.
Institutions holding: 412, holders -43 vs prior quarter. Ownership 50.53%.
| Holder | Shares | Change | Change % | Value |
|---|---|---|---|---|
| BLACKROCK, INC. | 16.07M | -737.36K | -4.39% | 480.27M |
| VANGUARD PORTFOLIO MANAGEMENT LLC | 9.50M | 515.00K | +5.73% | 284.01M |
| NORGES BANK | 9.48M | 9.48M | New | 283.36M |
| SWEDBANK AB | 9.00M | 0 | 0.00% | 269.01M |
| T. ROWE PRICE INVESTMENT MANAGEMENT, INC. | 7.50M | -494.67K | -6.19% | 224.04M |
| VANGUARD CAPITAL MANAGEMENT LLC | 7.12M | 524.38K | +7.96% | 212.70M |
| MORGAN STANLEY | 6.03M | -62.93K | -1.03% | 180.15M |
| WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC | 5.94M | 2.62M | +78.84% | 177.62M |
| STATE STREET CORP | 5.04M | 119.90K | +2.44% | 150.54M |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | 4.94M | 155.67K | +3.26% | 147.57M |
| PICTET ASSET MANAGEMENT HOLDING SA | 4.37M | -293.86K | -6.30% | 130.54M |
| MILLENNIUM MANAGEMENT LLC | 3.52M | 2.24M | +176.04% | 105.15M |
| GEODE CAPITAL MANAGEMENT, LLC | 3.41M | -178.87K | -4.99% | 101.89M |
| BANK OF NEW YORK MELLON CORP | 2.63M | -181.42K | -6.44% | 78.74M |
| INVESCO LTD. | 2.61M | 1.35M | +107.72% | 78.07M |
| BESSEMER GROUP INC | 2.06M | -544.87K | -20.95% | 61.44M |
| DIMENSIONAL FUND ADVISORS LP | 2.00M | 674.20K | +50.77% | 59.84M |
| ALLIANZ ASSET MANAGEMENT GMBH | 1.82M | 3.14K | +0.17% | 54.32M |
| UBS GROUP AG | 1.81M | -646.88K | -26.29% | 54.20M |
| KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC | 1.80M | -5.26M | -74.53% | 53.75M |
| GOLDMAN SACHS GROUP INC | 1.77M | -1.34M | -43.15% | 52.85M |
| MACKENZIE FINANCIAL CORP | 1.70M | 1.28M | +305.55% | 50.77M |
| IMPAX ASSET MANAGEMENT GROUP PLC | 1.66M | -20.19K | -1.20% | 49.54M |
| NORTHERN TRUST CORP | 1.46M | -75.81K | -4.93% | 43.70M |
| MIROVA | 1.37M | 115.30K | +9.17% | 41.04M |
Insights
- Revenue by product
- Revenue by region
| Period | Value |
|---|---|
| FY2020 | Enterprise License Subscriptions: 221524000.0, Perpetual Licenses: 57382000.0, Professional Services, Other: 47500000.0, Professional Services, Recurring: 17389000.0, SELECT Subscriptions: 270749000.0, Service: 64889000.0, Subscription and Circulation: 679273000.0, Subscriptions And Licenses: 736655000.0, Term License Subscriptions: 187000000.0 |
| FY2021 | Enterprise License Subscriptions: 290097000.0, Enterprise License Subscriptions, E365 Subscriptions: 223293000.0, Perpetual Licenses: 53080000.0, Professional Services, Other: 77816000.0, Professional Services, Recurring: 21343000.0, SELECT Subscriptions: 269283000.0, Service: 99159000.0, Subscription and Circulation: 812807000.0, Subscriptions And Licenses: 865887000.0, Term License Subscriptions: 253427000.0 |
| FY2022 | Enterprise License Subscriptions: 345678000.0, Enterprise License Subscriptions, E365 Subscriptions: 306901000.0, Perpetual Licenses: 43377000.0, Professional Services, Other: 77681000.0, Professional Services, Recurring: 17804000.0, SELECT Subscriptions: 264308000.0, Service: 95485000.0, Subscription and Circulation: 960220000.0, Subscriptions And Licenses: 1003597000.0, Term License Subscriptions: 350234000.0 |
| FY2023 | Enterprise License Subscriptions: 433321000.0, Enterprise License Subscriptions, E365 Subscriptions: 411025000.0, Perpetual Licenses: 46038000.0, Professional Services, Other: 85698000.0, Professional Services, Recurring: 16370000.0, SELECT Subscriptions: 258288000.0, Service: 102068000.0, Subscription and Circulation: 1080307000.0, Subscriptions And Licenses: 1126345000.0, Term License Subscriptions: 388698000.0 |
| FY2024 | Enterprise License Subscriptions: 530367000.0, Enterprise License Subscriptions, E365 Subscriptions: 517997000.0, Perpetual Licenses: 45961000.0, Professional Services, Other: 69130000.0, Professional Services, Recurring: 14642000.0, SELECT Subscriptions: 258504000.0, Service: 84427000.0, Subscription and Circulation: 1223362000.0, Subscriptions And Licenses: 1269323000.0, Term License Subscriptions: 434491000.0 |
| FY2025 | Enterprise License Subscriptions: 623064000.0, Enterprise License Subscriptions, E365 Subscriptions: 614306000.0, Perpetual Licenses: 46180000.0, Professional Services, Other: 64249000.0, Professional Services, Recurring: 14654000.0, SELECT Subscriptions: 267242000.0, Service: 78903000.0, Subscription and Circulation: 1376696000.0, Subscriptions And Licenses: 1422876000.0, Term License Subscriptions: 486390000.0 |
| Period | Value |
|---|---|
| FY2020 | Asia Pacific: 151762000.0, EMEA: 254036000.0, United States, Canada, And Latin America: 395746000.0 |
| FY2021 | Asia Pacific: 181836000.0, EMEA: 300123000.0, United States, Canada, And Latin America: 483087000.0 |
| FY2022 | Asia Pacific: 201484000.0, EMEA: 312804000.0, United States, Canada, And Latin America: 584794000.0 |
| FY2023 | Asia Pacific: 223937000.0, EMEA: 353550000.0, United States, Canada, And Latin America: 650926000.0 |
| FY2024 | Asia Pacific: 247709000.0, EMEA: 388384000.0, United States, Canada, And Latin America: 717002000.0 |
| FY2025 | Asia Pacific: 274456000.0, EMEA: 436828000.0, United States, Canada, And Latin America: 790495000.0 |
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