Goldman raised the price target for the Bentley Systems Incorporated (NASDAQ:BSY) stock to “a Neutral”. The rating was released on May 14, 2021. The research report from Robert W. Baird has initiated the stock to Outperform, with a price target set at $43. The stock was initiated by RBC Capital Mkts, who disclosed in a research note on October 19, 2020, to Sector Perform and set the price objective to $43. In their research brief published October 19, 2020, Mizuho analysts initiated the Bentley Systems Incorporated stock to Buy with a price target of $44.
Historical Earnings Surprises and Revenue Forecasts
Profit is the most critical financial performance measure. Every investor in a business is looking forward to the earnings report as stock price to increase when earnings exceed market expectations and progressively decrease when earnings do not meet expectations. The firm reported an earnings per share (EPS) of $0.2 during the last quarter as opposed to a consensus estimate of $0.16, which indicates the company beat its estimate by $0.04, which implies that the company surprised the market by 25.00%. It appears that the average earnings per share estimate for the current quarter (ending in Jun 2021) is $0.14. This is an average of 6 analysts’ earnings, where the high earnings per share estimate is $0.15 and the low earnings per share estimate is $0.13. According to 6 analyst estimates, an average revenue estimate of $212.4M is projected for the current quarter with a high revenue estimate of $219.92M and a low estimate of $204.92M.
The latest trade, Performances and Moving Averages give us the following Picture
The share price of Bentley Systems Incorporated (NASDAQ:BSY) raised 2.66% to close Thursday’s market session at $57.52, higher as compared to yesterday’s close. The stock price fluctuated between $55.44 and $57.65 throughout the trading session with the volume trading being 10651322 shares, which represented a significant variation when compared to the three months average volume of 925.37K shares. The firm’s stock price fluctuated 10.17% within the last five trades and 11.32% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price increased 61.66% in the last 6 months and 29.67% was added to its value over the previous 3 months. BSY stock is trading at a margin of 13.09%, 17.48% and 35.51% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.
As of the close of trading, BSY deals in the Technology domain. The stock is trading 0.60 percent below its 52-week high and 113.04 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is 64.33. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.
What Does Bentley Systems Incorporated’s Profitability and Valuation Ratios Tell Us About the Stock?
With regard to the profitability of the company, the operating margin is currently at 19.30 percent and the profit margin is 18.50 percent, and the company has reported a gross margin of 78.40 percent. The profit margin, also known as the revenue ratio or gross profit ratio, is an efficiency figure used to estimate the business’s profitability by comparing net income and sales. The higher the number, the more profits are generated for the company and vice versa.
The stock’s market cap achieved a total value of $15.63 billion as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. The price-to-earnings ratio for Bentley Systems Incorporated (NASDAQ:BSY) is 110.83. The price-to-earnings ratio is a method of assessing corporate values by comparing them to their per-share profit. Forward P/E stands at 80.00. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 18.86 that mirrors the cost to be found for sales by the market. The firm managed a Price-to-Book ratio of 49.16, which equates the market value of a stock with its book value.
Is Insider Trading a Real Thing?
Almost all investors and traders prefer to invest in shares controlled by the management of a corporation as a management company will be more likely to run the business itself and to never conduct things against the management’s desires and will always try to do what is best for their shareholders. Currently, 24.60 percent of Bentley Systems Incorporated shares are owned by insiders, and 11.20 percent are held by financial institutions. Hollister David J., the See Remarks at Bentley Systems Incorporated (BSY) has sold 210,739 shares of firm on May 20 at a price of $52.48 against the total amount of $11.06 million. In another inside trade, Hollister David J., See Remarks of Bentley Systems Incorporated (NASDAQ:BSY) sold 26,886 shares of the firm on May 18 for a total worth of $1.38 million at a price of $51.36. An inside trade which took place on May 17, See Remarks of Bentley Systems Incorporated Hollister David J. sold 164,396 shares of firm against total price of $8.33 million at the cost of $50.65 per share.